Capital One Financial Corporation (COF) reported third-quarter 2026 net income of $3.5 billion, or $5.61 per diluted common share. Total net revenue rose 3% sequentially to $16.3 billion.
Net income was $3.0 billion, or $4.73 per diluted common share, in the second quarter of 2026 and $3.2 billion, or $4.83 per diluted common share, in the third quarter of 2025.
- Total non-interest expense declined 2% to $8.9 billion.
- Provision for credit losses fell $73 million to $2.9 billion, including $3.1 billion of net charge-offs and a $225 million loan reserve release.
- Net interest margin increased 40 basis points to 8.41%.
- Period-end loans held for investment rose $5.4 billion to $462.5 billion, while total deposits declined $3.6 billion to $480.7 billion.
- Common equity Tier 1 capital ratio was 13.8% as of September 30, 2026.
