Slide 1: First Quarter 2012 Results
Exhibit 99.3 First Quarter 2012 Results April 19, 2012
Slide 2: Forward-Looking Statements
Forward-Looking Statements Please note that the following materials containing information regarding Capital One's financial performance speak only as of the particular date or dates indicated in these materials. Capital One does not undertake any obligation to update or revise any of the informatio
Slide 3: First Quarter 2012 Highlights
First Quarter 2012 Highlights • Q1 2012 net income was $1,403MM, or $2.72 per share, compared with Q4 2011 net income of $407MM, or $0.88 per share – $1.56 per share excluding INGD related bargain purchase gain – Higher revenue due to impacts of the INGD acquisition, slightly higher loan balances an
Slide 4: First quarter 2012 earnings reflected a significant impact from the acquisition of ING Direct
First quarter 2012 earnings reflected a significant impact from the acquisition of ING Direct Actual Est. INGD* Impact COF (excl. est INGD) Actual $MM Q1'12 Q1'12 Q1'12 Q4'11 Net Interest Income $ 3,414 $ 136 $ 3,278 $ 3,182 Non-Interest Income 1,521 535 986 868 Total Revenue 4,935 671 4,264 $ 4,050
Slide 5: The addition of ING Direct's assets & liabilities had a significant impact on our first quarter balance sheet
The addition of ING Direct’s assets & liabilities had a significant impact on our first quarter balance sheet $B 3/31/2012 INGD Impacts 12/31/2011 2/17/2012 Assets: Cash and cash equivalents $ 31.7 $ 20.1 $ 6.6 Securities 60.8 30.6 38.8 Loans held for investment 173.8 40.4 135.9 Less: Allowance for
Slide 6: The quarterly NIM decrease was caused by the addition of ING Direct
The quarterly NIM decrease was caused by the addition of ING Direct Average Balances & Margin Highlights 2012 Q1 2011 Q4 Average Yield/ Average Yield/ (Dollars in millions) Balance Rate Balance Rate Interest-earning assets: Loans held for investment $ 152,900 9.56 % $ 131,581 10.46 % Investment secu
Slide 7: Our capital position was strengthened by issuance of deal related shares and strong earnings
Our capital position was strengthened by issuance of deal related shares and strong earnings 1 Tier 1 Common Ratio (Basel I) 14% 11.9% 12% 10.0% 9.7% 10% 9.4% 8.4% 8% 6% 4% 2% 0% ($B) Q111 Q211 Q311 Q411 Q112 Tier 1 common capital including disallowed DTA 13.4 14.3 15.1 15.6 22.6 Disallowed DTA (1.4
Slide 8: The acquisition of HSBC's US Credit Card business will significantly impact results in the second quarter and beyond
The acquisition of HSBC’s US Credit Card business will significantly impact results in the second quarter and beyond • Significant earnings impact from: – Allowance for non-impaired loans and finance charge & fee reserve (FCFR) build – Purchase accounting • PCCR • Fair Value of delinquent and curren
Slide 9: Domestic Card delivered strong profits, improving credit and year-over-year growth in loans and purchase volumes
Domestic Card delivered strong profits, improving credit and year- over-year growth in loans and purchase volumes Domestic Card Financial Highlights Commentary 2012 2011 2011 • 5% year-over-year loan (Dollars in millions) Q1 Q4 Q1 growth; expected seasonal Net interest income 1,713 1,706 1,651 decli
Slide 10: The addition of ING Direct and strong Auto Finance performance drove Consumer Banking results
The addition of ING Direct and strong Auto Finance performance drove Consumer Banking results Consumer Banking Financial Highlights Commentary • Trends in loan and deposit 2012 2011 2011 balances, revenue, NIE, (Dollars in millions) Q1 Q4 Q1 and yields all driven by addition of ING Direct on Earning
Slide 11: The Commercial Banking business continues to deliver strong and steady performance
The Commercial Banking business continues to deliver strong and steady performance Commercial Banking Financial Highlights Commentary 2012 2011 2011 • 15% year-over-year (Dollars in millions) Q1 Q4 Q1 growth in loans, deposits, and revenue Earnings: Net interest income $ 431 $ 425 $ 376 Non-interest
Slide 12: We expect strong loan growth in several of our businesses to be largely offset by significant run-off portfolios
We expect strong loan growth in several of our businesses to be largely offset by significant run-off portfolios Run-off Portfolios Growth Opportunities (expected annual run-off) • Auto Finance • Consumer Banking (~$8.5 billion) • Domestic Card – Home Loans inherited in acquisitions • Commercial Ban
Slide 13: We are focused on delivering sustained shareholder value
We are focused on delivering sustained shareholder value Building a Great Strong Returns and Sure-footed Integration Customer Franchise Capital Generation April 19, 2012 13
Slide 14: Capital One
C italOne ap