Capital One Financial Corporation · NYSE:COF
Capital One Financial — Q1 2019 Earnings Presentation
13 slides from Capital One Financial's earnings presentation, Apr 25, 2019
Slide 1: First Quarter 2019 Results
First Quarter 2019 Results April 25, 2019 1
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: Company Highlights
Company Highlights • Net income for the first quarter of 2019 of $1.4 billion, or $2.86 per diluted common share ◦ Excluding adjusting items, net income per diluted common share for the first quarter of 2019 of $2.90(1) • Pre-provision earnings increased 18% to $3.4 billion for the first quarter of
Slide 4: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin #1% Y/Y $5,786 $5,820 $5,791 $5,718 $5,551 i0.5% Q/Q 6.93% 7.01% 6.96% 6.86% 6.66% 1Q18 2Q18 3Q18 4Q18 1Q19 Net Interest Income ($M) Net Interest Margin First Quarter 2019 Highlights • Net interest margin decreased 10 basis points quarter-over-quarter and
Slide 5: Capital and Liquidity
Capital and Liquidity Ending Common Shares Outstanding (M) Common Equity Tier 1 Capital Ratio 485.9 $3% Y/Y 478.4 473.7 467.7 469.6 11.9% 11.1% 11.2% 11.2% 10.5% 1Q18 2Q18 3Q18 4Q18 1Q19 1Q18 2Q18 3Q18 4Q18 1Q19 First Quarter 2019 Highlights • Common equity Tier 1 capital ratio under Basel III Stand
Slide 6: Credit Quality
Credit Quality Allowance for Loan and Lease Losses Provision for Credit Losses and Net Charge-Offs #1% Q/Q i 3% Y/Y $7,567 $1,674 $1,693 $7,368 $7,219 $7,220 $7,313 $1,618 $1,638$1,610 $1,599 $1,459 $1,425 $1,276 $1,268 3.05% 3.12% 3.02% 2.94% 3.04% 2.59% 2.67% 2.64% 2.42% 2.41% 1Q18 2Q18 3Q18 4Q18
Slide 7: Financial Summary—Business Segment Results
Financial Summary—Business Segment Results Three Months Ended March 31, 2019 Consumer Commercial (Dollars in millions) Credit Card Banking Banking Other Total Net interest income $ 3,590 $ 1,679 $ 489 $ 33 $ 5,791 Non-interest income (loss) 950 160 187 (5) 1,292 Total net revenue 4,540 1,839 676 28
Slide 8: Credit Card
Credit Card 2019 Q1 vs. First Quarter 2019 Highlights 2019 2018 2018 2018 2018 (Dollars in millions, except as noted) Q1 Q4 Q1 Q4 Q1 Earnings: • Ending loans up $2.3 billion, or 2%, year- Net interest income $ 3,590 $ 3,617 $ 3,558 (1)% 1% over-year; average loans up $2.0 billion, or 2%, year-over-y
Slide 9: Domestic Card
Domestic Card 2019 Q1 vs. First Quarter 2019 Highlights 2019 2018 2018 2018 2018 (Dollars in millions, except as noted) Q1 Q4 Q1 Q4 Q1 Earnings: • Ending loans up $2.5 billion, or 3%, year- Net interest income $ 3,273 $ 3,309 $ 3,229 (1)% 1% over-year; average loans up $2.2 billion, or 2%, year-over
Slide 10: Consumer Banking
Consumer Banking 2019 Q1 vs. First Quarter 2019 Highlights 2019 2018 2018 2018 2018 (Dollars in millions, except as noted) Q1 Q4 Q1 Q4 Q1 Earnings: • Ending loans down $15.4 billion, or 21%, Net interest income $ 1,679 $ 1,689 $ 1,615 (1)% 4% year-over-year; average loans down $15.9 billion, or 21%,
Slide 11: Commercial Banking
Commercial Banking 2019 Q1 vs. First Quarter 2019 Highlights 2019 2018 2018 2018 2018 (Dollars in millions, except as noted) Q1 Q4 Q1 Q4 Q1 Earnings: • Ending loans up $5.2 billion, or 8%, year- Net interest income $ 489 $ 508 $ 506 (4)% (3)% over-year; average loans up $6.3 billion, or 10%, year-ov
Slide 12: Appendix
Appendix 12
Slide 13: Non-GAAP Measures
Non-GAAP Measures Three Months Ended Three Months Ended Three Months Ended March 31, 2019 December 31, 2018 March 31, 2018 Reported Adjusted Reported Adjusted Reported Adjusted (Dollars in millions, except per share data and as noted) Results Adj.(1) Results Results Adj.(1) Results Results Adj.(1) R
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