Capital One Financial : Q2 2026 Q2 2026 Financial Supplement

About this update from Capital One Financial Corporation

‌Exhibit 99.2 Capital One Financial Corporation Financial Supplement (1)(2)(3)(4) Second Quarter 2026 Table of Contents Capital One Financial Corporation Consolidated Results Page Table 1: Financial Summary-Consolidated 1 Table 2: Selected Metrics-Consolidated 3 Table 3: Consolidated Statements of Income 4 Table 4: Consolidated Balance Sheets 6 Table 5: Notes to Financial Summary, Selected Metrics and Consolidated Financial Statements (Tables 1-4) 8 Table 6: Average Balances, Net Interest Income and Net Interest Margin 9 Table 7: Loan Information and Performance Statistics 10 Table 8: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity 13 Business Segment Results Table 9: Financial Summary-Business Segment Results 14 Table 10: Financial & Statistical Summary-Credit Card Business 15 Table 11: Financial & Statistical Summary-Consumer Banking Business 17 Table 12: Financial & Statistical Summary-Commercial Banking Business 18 Table 13: Financial & Statistical Summary-Other and Total 19 Other Table 14: Notes to Net Interest Margin, Loan, Allowance and Business Segment Disclosures (Tables 6-13) 20 Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures 21 Table 16: Notes to Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures (Table 15) 26 (1) The information contained in this Financial Supplement is preliminary and based on data available at the time of the earnings presentation. Investors should refer to our Quarterly Report on Form 10-Q for the period ended June 30, 2026 once it is filed with the Securities and Exchange Commission. (2) This Financial Supplement includes non-GAAP measures. We believe these non-GAAP measures are useful to investors and users of our financial information as they provide an alternate measurement of our performance and assist when assessing returns and capital management over time. These non-GAAP measures should not be viewed as a substitute for reported results determined in accordance with generally accepted accounting principles in the U.S. ("GAAP"), nor are they necessarily comparable to non-GAAP measures that may be presented by other companies. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for a reconciliation of any non-GAAP financial measures. (3) On May 18, 2025, we completed the Discover acquisition in an all-stock transaction as outlined in the merger agreement dated February 19, 2024. (4) On April 7, 2026, we completed the acquisition of Brex in a combination of stock and cash transaction. Brex results and statistics reported herein are from April 7, 2026 to June 30, 2026 and included within the Credit Card business. ‌(Dollars in millions, except per share data and as noted)‌ 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Income Statement Net interest income $ 12,374 $ 12,145 $ 12,466 $ 12,404 $ 9,995 2 % 24 % $ 24,519 $ 18,008 36 % Non-interest income 3,476 3,086 3,117 2,955 2,497 13 39 6,562 4,484 46 Total net revenue (1) 15,850 15,231 15,583 15,359 12,492 4 27 31,081 22,492 38 Provision for credit losses 2,989 4,068 4,142 2,714 11,430 (27) (74) 7,057 13,799 (49) Non-interest expense: Marketing 1,661 1,497 1,934 1,403 1,345 11 23 3,158 2,547 24 Operating expense 7,382 6,967 7,408 6,860 5,646 6 31 14,349 10,346 39 Total non-interest expense 9,043 8,464 9,342 8,263 6,991 7 29 17,507 12,893 36 Income (loss) from continuing operations before income taxes 3,818 2,699 2,099 4,382 (5,929) 41 ** 6,517 (4,200) ** Income tax provision (benefit) 798 518 345 1,189 (1,666) 54 ** 1,316 (1,341) ** Income (loss) from continuing operations, net of tax 3,020 2,181 1,754 3,193 (4,263) 38 ** 5,201 (2,859) ** Income (loss) from discontinued operations, net of tax - (7) 380 (1) (14) ** ** (7) (14) (50) Net income (loss) 3,020 2,174 2,134 3,192 (4,277) 39 ** 5,194 (2,873) ** Dividends and undistributed earnings allocated to participating securities (2) (28) (20) (20) (33) (4) 40 ** (48) (9) ** Preferred stock dividends (57) (73) (57) (73) (65) (22) (12) (130) (122) 7 Discount on redeemed preferred stock - - - - 6 - ** - 6 ** Net income (loss) available to common stockholders $ 2,935 $ 2,081 $ 2,057 $ 3,086 $ (4,340) 41 % ** $ 5,016 $ (2,998) ** Common Share Statistics Basic earnings per common share: (2) Net income (loss) from continuing operations $ 4.73 $ 3.35 $ 2.66 $ 4.83 $ (8.55) 41 % ** $ 8.08 $ (6.71) ** Income (loss) from discontinued operations - (0.01) 0.60 - (0.03) ** ** (0.01) (0.03) (67)% Net income (loss) per basic common share $ 4.73 $ 3.34 $ 3.26 $ 4.83 $ (8.58) 42 ** $ 8.07 $ (6.74) ** Diluted earnings per common share: (2) Net income (loss) from continuing operations $ 4.73 $ 3.35 $ 2.66 $ 4.83 $ (8.55) 41 % ** $ 8.08 $ (6.71) ** Income (loss) from discontinued operations - (0.01) 0.60 - (0.03) ** ** (0.01) (0.03) (67)% Net income (loss) per diluted common share $ 4.73 $ 3.34 $ 3.26 $ 4.83 $ (8.58) 42 ** $ 8.07 $ (6.74) ** Weighted-average common shares outstanding (in millions): Basic 620.5 622.5 631.1 639.0 505.6 - 23 % 621.5 444.7 40 % Diluted 621.1 623.4 631.6 639.5 505.6 - 23 622.3 444.7 40 Common shares outstanding (period-end, in millions) 613.5 615.9 625.1 635.7 639.5 - (4) 613.5 639.5 (4) Dividends declared and paid per common share $ 0.80 $ 0.80 $ 0.80 $ 0.60 $ 0.60 - 33 $ 1.60 $ 1.20 33 Tangible book value per common share (period-end) (3) 105.21 107.76 107.72 105.18 99.35 (2)% 6 105.21 99.35 6 2026 Q2 Six Months Ended June 30, 2026 2026 2025 2025 2025 2026 2025 2026 vs. (Dollars in millions) Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Balance Sheet (Period-End) Loans held for investment $ 457,168 $ 447,754 $ 453,622 $ 443,159 $ 439,297 2 % 4 % $ 457,168 $ 439,297 4 % Interest-earning assets 610,913 624,560 613,750 605,235 601,999 (2) 1 610,913 601,999 1 Total assets 673,835 682,905 669,009 661,877 658,968 (1) 2 673,835 658,968 2 Interest-bearing deposits 456,464 461,117 448,386 441,136 440,231 (1) 4 456,464 440,231 4 Total deposits 484,257 489,053 475,771 468,785 468,110 (1) 3 484,257 468,110 3 Borrowings 45,371 51,888 51,000 51,482 52,666 (13) (14) 45,371 52,666 (14) Common equity 108,386 106,854 108,209 108,406 105,549 1 3 108,386 105,549 3 Total stockholders' equity 113,793 112,261 113,616 113,813 110,956 1 3 113,793 110,956 3 Balance Sheet (Average Balances) Loans held for investment $ 450,679 $ 446,235 $ 444,680 $ 439,859 $ 378,157 1 % 19 % $ 448,469 $ 350,425 28 % Interest-earning assets 617,583 617,173 603,730 593,247 524,929 - 18 617,378 494,022 25 Total assets 682,079 675,999 665,656 657,858 572,446 1 19 679,050 532,354 28 Interest-bearing deposits 458,130 451,957 442,763 439,527 387,139 1 18 455,060 362,626 25 Total deposits 486,791 479,958 470,965 467,280 414,568 1 17 483,393 389,462 24 Borrowings 49,092 52,348 50,814 50,180 46,601 (6) 5 50,710 45,531 11 Common equity 109,111 109,149 109,997 107,412 81,563 - 34 109,130 69,546 57 Total stockholders' equity 114,518 114,556 115,404 112,819 86,918 - 32 114,537 74,647 53 ‌2026 Q2‌ Six Months Ended June 30, 2026 2026 2025 2025 2025 2026 2025 2026 vs. (Dollars in millions, except as noted) Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Performance Metrics Net interest income growth (period over period) 2 % (3)% - % 24 % 25 % ** ** 36 % 20 % ** Non-interest income growth (period over period) 13 (1) 5 18 26 ** ** 46 16 ** Total net revenue growth (period over period) 4 (2) 1 23 25 ** ** 38 19 ** Total net revenue margin (4) 10.27 9.87 10.32 10.36 9.52 40bps 75bps 10.07 9.11 96bps Net interest margin (5) 8.01 7.87 8.26 8.36 7.62 14 39 7.94 7.29 65 Return on average assets (6) 1.77 1.29 1.05 1.94 (2.98) 48 475 1.53 (1.07) 260 Return on average tangible assets (7) 1.89 1.37 1.12 2.07 (3.14) 52 503 1.63 (1.12) 275 Return on average common equity (8) 10.76 7.65 6.10 11.50 (21.22) 311 3,198 9.21 (8.58) 1,779 Return on average tangible common equity (9) 18.04 12.20 9.74 18.82 (32.99) 584 5,103 15.05 (12.60) 2,765 Efficiency ratio (10) 57.05 55.57 59.95 53.80 55.96 148 109 56.33 57.32 (99) Operating efficiency ratio (11) 46.57 45.74 47.54 44.66 45.20 83 137 46.17 46.00 17 Effective income tax rate for continuing operations 20.9 19.2 16.4 27.1 28.1 170 (720) 20.2 31.9 (1,170) Employees (period-end, in thousands) 78.4 77.1 76.3 77.0 76.5 2% 2% 78.4 76.5 2% Credit Quality Metrics Allowance for credit losses $ 22,966 $ 23,630 $ 23,409 $ 23,103 $ 23,873 (3)% (4)% $ 22,966 $ 23,873 (4)% Allowance coverage ratio 5.02% 5.28% 5.16% 5.21% 5.43% (26)bps (41)bps 5.02% 5.43% (41)bps Net charge-offs (12) $ 3,642 $ 3,847 $ 3,833 $ 3,473 $ 3,060 - 19% $ 7,489 $ 5,796 29% Net charge-off rate (13) 3.23% 3.45% 3.45% 3.16% 3.24% (22)bps (1)bps 3.34% 3.31% 3bps 30+ day performing delinquency rate 2.91 3.04 3.41 3.29 3.13 (13) (22) 2.91 3.13 (22) 30+ day delinquency rate 3.13 3.24 3.59 3.50 3.32 (11) (19) 3.13 3.32 (19) Capital Ratios (14) Common equity Tier 1 capital 13.7% 14.4% 14.3% 14.4% 14.0% (70)bps (30)bps 13.7% 14.0% (30)bps Tier 1 capital 14.8 15.4 15.3 15.5 15.1 (60) (30) 14.8 15.1 (30) Total capital 16.6 17.3 17.2 17.3 17.1 (70) (50) 16.6 17.1 (50) Tier 1 leverage 11.8 12.2 12.5 12.6 14.2 (40) (240) 11.8 14.2 (240) Tangible common equity ("TCE") (15) 10.2 10.3 10.7 10.8 10.3 (10) (10) 10.2 10.3 (10) ‌2026 Q2 Six Months Ended June 30,‌ 2026 2026 2025 2025 2025 2026 2025 2026 vs. (Dollars in millions, except as noted) Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Interest income: Loans, including loans held for sale $ 14,911 $ 14,735 $ 15,186 $ 15,229 $ 12,449 1% 20% $ 29,646 $ 22,606 31% Investment securities 850 832 841 823 784 2 8 1,682 1,554 8 Other 624 664 660 711 595 (6) 5 1,288 1,086 19 Total interest income 16,385 16,231 16,687 16,763 13,828 1 18 32,616 25,246 29 Interest expense: Deposits 3,338 3,387 3,493 3,597 3,120 (1) 7 6,725 5,835 15 Securitized debt obligations 117 141 155 165 164 (17) (29) 258 340 (24) Senior and subordinated notes 535 532 550 582 535 1 - 1,067 1,040 3 Other borrowings 21 26 23 15 14 (19) 50 47 23 104 Total interest expense 4,011 4,086 4,221 4,359 3,833 (2) 5 8,097 7,238 12 Net interest income 12,374 12,145 12,466 12,404 9,995 2 24 24,519 18,008 36 Provision for credit losses 2,989 4,068 4,142 2,714 11,430 (27) (74) 7,057 13,799 (49) Net interest income (loss) after provision for credit losses 9,385 8,077 8,324 9,690 (1,435) 16 ** 17,462 4,209 ** Non-interest income: Discount and interchange fees, net 2,256 1,964 1,930 1,812 1,478 15 53 4,220 2,701 56 Service charges and other customer-related fees 808 809 833 849 658 - 23 1,617 1,167 39 Other 412 313 354 294 361 32 14 725 616 18 Total non-interest income 3,476 3,086 3,117 2,955 2,497 13 39 6,562 4,484 46 Non-interest expense: Salaries and associate benefits 3,769 3,671 3,430 3,496 2,999 3 26 7,440 5,545 34 Occupancy and equipment 969 867 958 856 737 12 31 1,836 1,352 36 Marketing 1,661 1,497 1,934 1,403 1,345 11 23 3,158 2,547 24 Professional services 667 585 693 641 653 14 2 1,252 1,090 15 Communications and data processing 489 496 482 476 413 (1) 18 985 812 21 Amortization of intangibles 507 492 525 514 271 3 87 999 287 ** Other 981 856 1,320 877 573 15 71 1,837 1,260 46 Total non-interest expense 9,043 8,464 9,342 8,263 6,991 7 29 17,507 12,893 36 Income (loss) from continuing operations before income taxes 3,818 2,699 2,099 4,382 (5,929) 41 ** 6,517 (4,200) ** Income tax provision (benefit) 798 518 345 1,189 (1,666) 54 ** 1,316 (1,341) ** Income (loss) from continuing operations, net of tax 3,020 2,181 1,754 3,193 (4,263) 38 ** 5,201 (2,859) ** Income (loss) from discontinued operations, net of tax - (7) 380 (1) (14) ** ** (7) (14) (50) Net income (loss) 3,020 2,174 2,134 3,192 (4,277) 39 ** 5,194 (2,873) ** Dividends and undistributed earnings allocated to participating securities (2) (28) (20) (20) (33) (4) 40 ** (48) (9) ** Preferred stock dividends (57) (73) (57) (73) (65) (22) (12)% (130) (122) 7% Discount on redeemed preferred stock - - - - 6 - ** - 6 ** Net income (loss) available to common stockholders $ 2,935 $ 2,081 $ 2,057 $ 3,086 $ (4,340) 41% ** $ 5,016 $ (2,998) ** 2026 Q2 Six Months Ended June 30, 2026 2026 2025 2025 2025 2026 2025 2026 vs. Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Basic earnings per common share: (2) Net income (loss) from continuing operations $ 4.73 $ 3.35 $ 2.66 $ 4.83 $ (8.55) 41% ** $ 8.08 $ (6.71) ** Income (loss) from discontinued operations - (0.01) 0.60 - (0.03) ** ** (0.01) (0.03) (67)% Net income (loss) per basic common share $ 4.73 $ 3.34 $ 3.26 $ 4.83 $ (8.58) 42% ** $ 8.07 $ (6.74) ** Diluted earnings per common share: (2) Net income (loss) from continuing operations $ 4.73 $ 3.35 $ 2.66 $ 4.83 $ (8.55) 41% ** $ 8.08 $ (6.71) ** Income (loss) from discontinued operations - (0.01) 0.60 - (0.03) ** ** (0.01) (0.03) (67)% Net income (loss) per diluted common share $ 4.73 $ 3.34 $ 3.26 $ 4.83 $ (8.58) 42% ** $ 8.07 $ (6.74) ** Weighted-average common shares outstanding (in millions): Basic common shares 620.5 622.5 631.1 639.0 505.6 - 23% 621.5 444.7 40% Diluted common shares 621.1 623.4 631.6 639.5 505.6 - 23 622.3 444.7 40 ‌CAPITAL ONE FINANCIAL CORPORATION (COF)‌ Table 4: Consolidated Balance Sheets 2026 Q2 2026 2026 2025 2025 2025 2026 2025 (Dollars in millions) Q2 Q1 Q4 Q3 Q2 Q1 Q2 Assets: Cash and cash equivalents: Cash and due from banks $ 4,834 $ 4,555 $ 3,031 $ 4,606 $ 4,854 6 % - % Interest-bearing deposits and other short-term investments 49,880 71,939 54,403 50,673 54,255 (31) (8) Total cash and cash equivalents 54,714 76,494 57,434 55,279 59,109 (28) (7) Restricted cash for securitization investors 1,167 2,762 4,659 3,248 2,469 (58) (53) Investment securities: Investment securities available for sale 90,041 90,620 91,051 89,733 87,196 (1) 3 Investment securities held to maturity 2,737 1,694 - - - 62 ** Total investment securities 92,778 92,314 91,051 89,733 87,196 1 6 Loans held for investment: Unsecuritized loans held for investment 431,440 421,360 425,665 389,808 384,413 2 12 Loans held in consolidated trusts (16) 25,728 26,394 27,957 53,351 54,884 (3) (53) Total loans held for investment 457,168 447,754 453,622 443,159 439,297 2 4 Allowance for credit losses (22,966) (23,630) (23,409) (23,103) (23,873) (3) (4) Net loans held for investment 434,202 424,124 430,213 420,056 415,424 2 5 Loans held for sale 264 186 760 670 198 42 33 Premises and equipment, net 6,244 5,730 5,602 5,576 5,687 9 10 Interest receivable 3,432 3,460 3,492 3,456 3,373 (1) 2 Goodwill 31,866 28,502 28,509 28,863 28,335 12 12 Other intangible assets 16,077 16,087 16,578 17,042 18,157 - (11) Other assets 33,091 33,246 30,711 29,957 30,904 - 7 Assets of discontinued operations - - - 7,997 8,116 - ** Total assets $ 673,835 $ 682,905 $ 669,009 $ 661,877 $ 658,968 (1)% 2 % 2026 Q2 2026 2026 2025 2025 2025 2026 2025 (Dollars in millions) Q2 Q1 Q4 Q3 Q2 Q1 Q2 Liabilities: Interest payable $ 816 $ 827 $ 844 $ 826 $ 888 (1)% (8)% Deposits: Non-interest-bearing deposits 27,793 27,936 27,385 27,649 27,879 (1) - Interest-bearing deposits 456,464 461,117 448,386 441,136 440,231 (1) 4 Total deposits 484,257 489,053 475,771 468,785 468,110 (1) 3 Securitized debt obligations 8,502 11,283 12,853 13,642 14,658 (25) (42) Other debt: Federal funds purchased and securities loaned or sold under agreements to repurchase 694 626 587 616 742 11 (6) Senior and subordinated notes 35,620 38,421 36,001 36,662 36,706 (7) (3) Other borrowings 555 1,558 1,559 562 560 (64) (1) Total other debt 36,869 40,605 38,147 37,840 38,008 (9) (3) Other liabilities 29,598 28,876 27,778 26,941 26,316 3 12 Liabilities of discontinued operations - - - 30 32 - ** Total liabilities 560,042 570,644 555,393 548,064 548,012 (2) 2 Stockholders' equity: Preferred stock 0 0 0 0 0 - - Common stock 7 7 7 7 7 - - Additional paid-in capital, net 65,105 64,284 64,031 63,725 63,465 1 3 Retained earnings 69,250 66,788 65,192 63,624 60,892 4 14 Accumulated other comprehensive loss (6,300) (5,879) (5,468) (5,917) (6,819) 7 (8) Treasury stock, at cost (14,269) (12,939) (10,146) (7,626) (6,589) 10 117 Total stockholders' equity 113,793 112,261 113,616 113,813 110,956 1 3 Total liabilities and stockholders' equity $ 673,835 $ 682,905 $ 669,009 $ 661,877 $ 658,968 (1)% 2 % ‌CAPITAL ONE FINANCIAL CORPORATION (COF)‌ Table 5: Notes to Financial Summary, Selected Metrics and Consolidated Financial Statements (Tables 1-4) (1) Total net revenue was reduced by $898 million in Q2 2026, $980 million in Q1 2026, $941 million in Q4 2025, $869 million in Q3 2025 and $785 million in Q2 2025 for credit card finance charges and fees charged off as uncollectible. (2) Dividends and undistributed earnings allocated to participating securities and earnings per share are computed independently for each period. Accordingly, the sum of each quarterly amount may not agree to the year-to-date total. We also provide adjusted diluted earnings per share, which is a non-GAAP measure. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on our non-GAAP measures. (3) Tangible book value per common share is a non-GAAP measure calculated based on TCE divided by common shares outstanding. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on non-GAAP measures. (4) Total net revenue margin is calculated based on annualized total net revenue for the period divided by average interest-earning assets for the period. (5) Net interest margin is calculated based on annualized net interest income for the period divided by average interest-earning assets for the period. (6) Return on average assets is calculated based on annualized net income (loss) less annualized income (loss) from discontinued operations, net of tax, for the period divided by average total assets for the period. (7) Return on average tangible assets is a non-GAAP measure calculated based on annualized net income (loss) less annualized income (loss) from discontinued operations, net of tax, for the period divided by average tangible assets for the period. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on non-GAAP measures. (8) Return on average common equity is calculated based on annualized net income (loss) available to common stockholders less annualized income (loss) from discontinued operations, net of tax, for the period, divided by average common equity. Our calculation of return on average common equity may not be comparable to similarly-titled measures reported by other companies. (9) Return on average tangible common equity is a non-GAAP measure calculated based on annualized net income (loss) available to common stockholders less annualized income (loss) from discontinued operations, net of tax, for the period, divided by average TCE. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on non-GAAP measures. (10) Efficiency ratio is calculated based on total non-interest expense for the period divided by total net revenue for the period. We also provide an adjusted efficiency ratio, which is a non-GAAP measure. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on our non-GAAP measures. (11) Operating efficiency ratio is calculated based on operating expense for the period divided by total net revenue for the period. We also provide an adjusted operating efficiency ratio, which is a non-GAAP measure. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on our non-GAAP measures. (12) Charge-offs exclude $19.4 billion of Discover loans acquired in the second quarter of 2025 that were fully charged-off, with expected recoveries of $3.3 billion included as a benefit to the allowance for credit losses. (13) Net charge-off rate is calculated based on annualized net charge-offs for the period divided by average loans held for investment for the period. (14) Capital ratios as of the end of Q2 2026 are preliminary and therefore subject to change. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for information on the calculation of each of these ratios. (15) TCE ratio is a non-GAAP measure calculated based on TCE divided by tangible assets. See "Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures" for additional information on non-GAAP measures. (16) On December 18, 2025, after giving effect to the Discover Card Execution Note Trust ("DCENT") Defeasance Amendments, Funding, as Beneficiary on behalf of DCENT, defeased the outstanding DiscoverSeries Class A(2021-2) Notes, Class A(2023-1) Notes, and Class A(2023-2) Notes (collectively, the "Class A Notes") issued by DCENT. ** Not meaningful. ‌2026 Q2‌ 2026 Q1 2025 Q2 Average Interest Income/ Yield/ Average Interest Income/ Yield/ Average Interest Income/ Yield/ (Dollars in millions, except as noted) Balance Expense Rate (1) Balance Expense Rate (1) Balance Expense Rate (1) Interest-earning assets: Loans, including loans held for sale $ 450,862 $ 14,911 13.23% $ 446,740 $ 14,735 13.19% $ 378,537 $ 12,449 13.15% Investment securities 99,339 850 3.42 97,803 832 3.40 93,024 784 3.37 Cash equivalents and other 67,382 624 3.70 72,630 664 3.66 53,368 595 4.46 Total interest-earning assets $ 617,583 $ 16,385 10.61 % $ 617,173 $ 16,231 10.52 % $ 524,929 $ 13,828 10.54 % Interest-bearing liabilities: Interest-bearing deposits $ 458,130 $ 3,338 2.91% $ 451,957 $ 3,387 3.00% $ 387,139 $ 3,120 3.22% Securitized debt obligations 10,190 117 4.59 12,476 141 4.52 13,043 164 5.06 Senior and subordinated notes 37,498 535 5.70 37,846 532 5.63 32,872 535 6.51 Other borrowings and liabilities (2) 3,838 21 2.30 4,238 26 2.44 2,872 14 1.85 Total interest-bearing liabilities $ 509,656 $ 4,011 3.15 $ 506,517 $ 4,086 3.23 $ 435,926 $ 3,833 3.52 Net interest income/spread $ 12,374 7.46 $ 12,145 7.29 $ 9,995 7.02 Impact of non-interest-bearing funding 0.55 0.58 0.60 Net interest margin 8.01% 7.87% 7.62% Six Months Ended June 30, 2026 2025 Average Interest Income/ Yield/ Average Interest Income/ Yield/ (Dollars in millions, except as noted) Balance Expense Rate (1) Balance Expense Rate (1) Interest-earning assets: Loans, including loans held for sale $ 448,812 $ 29,646 13.21% $ 350,808 $ 22,606 12.89% Investment securities 98,575 1,682 3.41 92,843 1,554 3.35 Cash equivalents and other 69,991 1,288 3.68 50,371 1,086 4.31 Total interest-earning assets $ 617,378 $ 32,616 10.57 % $ 494,022 $ 25,246 10.22 % Interest-bearing liabilities: Interest-bearing deposits $ 455,060 $ 6,725 2.96% $ 362,626 $ 5,835 3.22% Securitized debt obligations 11,326 258 4.55 13,385 340 5.09 Senior and subordinated notes 37,671 1,067 5.66 31,609 1,040 6.58 Other borrowings and liabilities (2) 4,037 47 2.37 2,593 23 1.73 Total interest-bearing liabilities $ 508,094 $ 8,097 3.19 $ 410,213 $ 7,238 3.53 Net interest income/spread $ 24,519 7.38 $ 18,008 6.69 Impact of non-interest-bearing funding 0.56 0.60 Net interest margin 7.94% 7.29% ‌2026 Q2 Six Months Ended June 30, ‌ (Dollars in millions, except as noted) 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Loans Held for Investment (Period-End) Credit card: Domestic credit card $ 259,005 $ 254,028 $ 262,403 $ 253,951 $ 252,481 2 % 3 % $ 259,005 $ 252,481 3 % Personal loans 8,619 9,070 9,499 9,646 9,788 (5) (12) 8,619 9,788 (12) International card businesses 7,784 7,460 7,668 7,440 7,440 4 5 7,784 7,440 5 Total credit card 275,408 270,558 279,570 271,037 269,709 2 2 275,408 269,709 2 Consumer banking: Auto 89,311 85,700 83,600 82,035 80,017 4 12 89,311 80,017 12 Retail banking 1,156 1,173 1,190 1,195 1,216 (1) (5) 1,156 1,216 (5) Total consumer banking 90,467 86,873 84,790 83,230 81,233 4 11 90,467 81,233 11 Commercial banking: Commercial and multifamily real estate 34,290 33,809 33,618 33,461 32,967 1 4 34,290 32,967 4 Commercial and industrial 57,003 56,514 55,644 55,431 55,388 1 3 57,003 55,388 3 Total commercial banking 91,293 90,323 89,262 88,892 88,355 1 3 91,293 88,355 3 Total loans held for investment $ 457,168 $ 447,754 $ 453,622 $ 443,159 $ 439,297 2 % 4 % $ 457,168 $ 439,297 4 % Loans Held for Investment (Average) Credit card: Domestic credit card $ 254,625 $ 254,036 $ 255,221 $ 252,090 $ 197,808 - % 29 % $ 254,332 $ 173,858 46 % Personal loans 8,866 9,310 9,618 9,703 4,778 (5) 86 9,087 2,402 ** International card businesses 7,706 7,628 7,389 7,382 7,107 1 8 7,667 6,938 11 Total credit card 271,197 270,974 272,228 269,175 209,693 - 29 271,086 183,198 48 Consumer banking: Auto 87,419 84,522 82,767 81,094 78,875 3 11 85,979 78,056 10 Retail banking 1,164 1,179 1,190 1,201 1,220 (1) (5) 1,171 1,236 (5) Total consumer banking 88,583 85,701 83,957 82,295 80,095 3 11 87,150 79,292 10 Commercial banking: Commercial and multifamily real estate 33,978 33,539 33,155 33,104 32,522 1 4 33,759 32,129 5 Commercial and industrial 56,921 56,021 55,340 55,285 55,847 2 2 56,474 55,806 1 Total commercial banking 90,899 89,560 88,495 88,389 88,369 1 3 90,233 87,935 3 Total average loans held for investment $ 450,679 $ 446,235 $ 444,680 $ 439,859 $ 378,157 1 % 19 % $ 448,469 $ 350,425 28 % 2026 2026 2025 2025 2025 2026 2025 2026 vs. Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Net Charge-Off (Recovery) Rates Credit card (4) : Domestic credit card (5) 4.71 % 5.10% 4.93% 4.63% 5.25% (39) bps (54)bps 4.91 % 5.65% (74)bps Personal loans 3.77 3.81 4.08 3.81 3.47 (4) 30 3.79 3.46 33 International card businesses 5.82 4.65 5.29 5.07 5.17 117 65 5.24 5.10 14 Total credit card 4.71 5.05 4.91 4.61 5.20 (34) (49) 4.88 5.60 (72) Consumer banking: Auto 1.43 1.64 1.82 1.54 1.25 (21) 18 1.53 1.40 13 Retail banking 5.39 5.99 6.04 4.41 4.54 (60) 85 5.69 4.65 104 Total consumer banking 1.48 1.70 1.88 1.58 1.30 (22) 18 1.59 1.45 14 Commercial banking: Commercial and multifamily real estate 0.09 0.03 0.02 (0.09) (0.06) 6 15 0.06 0.02 4 Commercial and industrial 0.80 0.44 0.67 0.38 0.55 36 25 0.62 0.33 29 Total commercial banking 0.53 0.29 0.43 0.21 0.33 24 20 0.41 0.22 19 Total net charge-offs 3.23 3.45 3.45 3.16 3.24 (22) (1) 3.34 3.31 3 30+ Day Performing Delinquency Rates Credit card: Domestic credit card 3.39 % 3.70% 3.99% 3.89% 3.60% (31) bps (21)bps 3.39 % 3.60% (21)bps Personal loans 1.67 1.72 1.74 1.74 1.62 (5) 5 1.67 1.62 5 International card businesses 4.60 4.82 4.62 4.60 4.50 (22) 10 4.60 4.50 10 Total credit card 3.37 3.66 3.93 3.84 3.55 (29) (18) 3.37 3.55 (18) Consumer banking: Auto 4.32 4.21 5.23 4.99 4.84 11 (52) 4.32 4.84 (52) Retail banking 1.15 0.92 1.09 0.89 0.93 23 22 1.15 0.93 22 Total consumer banking 4.28 4.17 5.17 4.93 4.78 11 (50) 4.28 4.78 (50) 2026 2026 2025 2025 2025 2026 2025 2026 vs. Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Nonperforming Loans and Nonperforming Assets Rates (6)(7) Credit card: Personal loans 0.12 % 0.13% 0.13% 0.13% 0.12% (1) bps - 0.12 % 0.12% - International card businesses 0.18 0.15 0.16 0.16 0.16 3 2 bps 0.18 0.16 2 bps Total credit card 0.01 0.01 0.01 0.01 0.01 - - 0.01 0.01 - Consumer banking: Auto 0.61 0.55 0.68 0.71 0.73 6 (12) 0.61 0.73 (12) Retail banking 1.59 1.66 1.45 1.65 1.47 (7) 12 1.59 1.47 12 Total consumer banking 0.62 0.57 0.69 0.73 0.74 5 (12) 0.62 0.74 (12) Commercial banking: Commercial and multifamily real estate 1.29 1.07 0.95 1.05 1.06 22 23 1.29 1.06 23 Commercial and industrial 1.33 1.60 1.60 1.59 1.45 (27) (12) 1.33 1.45 (12) Total commercial banking 1.32 1.40 1.36 1.39 1.30 (8) 2 1.32 1.30 2 Total nonperforming loans 0.39 0.40 0.40 0.42 0.40 (1) (1) 0.39 0.40 (1) Total nonperforming assets 0.43 0.43 0.43 0.44 0.42 - 1 0.43 0.42 1 ‌Three Months Ended June 30, 2026‌ Credit Card Consumer Banking International Total (Dollars in millions) Domestic Card Personal Loans Card Businesses Total Credit Card Auto Retail Banking Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of March 31, 2026 $ 18,806 $ 702 $ 541 $ 20,049 $ 2,026 $ 21 $ 2,047 $ 1,534 $ 23,630 Charge-offs (4,182) (116) (160) (4,458) (683) (19) (702) (123) (5,283) Recoveries 1,185 33 48 1,266 370 3 373 2 1,641 Net charge-offs (2,997) (83) (112) (3,192) (313) (16) (329) (121) (3,642) Provision for credit losses 2,292 37 145 2,474 429 15 444 62 2,980 Allowance build (release) for credit losses (705) (46) 33 (718) 116 (1) 115 (59) (662) Other changes (8) - - (2) (2) - - - - (2) Balance as of June 30, 2026 18,101 656 572 19,329 2,142 20 2,162 1,475 22,966 Reserve for unfunded lending commitments: Balance as of March 31, 2026 - - - - - - - 133 133 Provision for losses on unfunded lending commitments - - - - - - - 9 9 Balance as of June 30, 2026 - - - - - - - 142 142 Combined allowance and reserve as of June 30, 2026 $ 18,101 $ 656 $ 572 $ 19,329 $ 2,142 $ 20 $ 2,162 $ 1,617 $ 23,108 Six Months Ended June 30, 2026 Credit Card Consumer Banking (Dollars in millions) Domestic Card Personal Loans International Card Businesses Total Credit Card Auto Retail Banking Total Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of December 31, 2025 $ 18,811 $ 731 $ 524 $ 20,066 $ 1,869 $ 23 $ 1,892 $ 1,451 $ 23,409 Charge-offs (8,552) (237) (310) (9,099) (1,394) (43) (1,437) (192) (10,728) Recoveries 2,314 65 109 2,488 735 9 744 7 3,239 Net charge-offs (6,238) (172) (201) (6,611) (659) (34) (693) (185) (7,489) Provision for credit losses 5,528 97 260 5,885 932 31 963 209 7,057 Allowance build (release) for credit losses (710) (75) 59 (726) 273 (3) 270 24 (432) Other changes (8) - - (11) (11) - - - - (11) Balance as of June 30, 2026 18,101 656 572 19,329 2,142 20 2,162 1,475 22,966 Reserve for unfunded lending commitments: Balance as of December 31, 2025 - - - - - - - 142 142 Provision (benefit) for losses on unfunded lending commitments - - - - - - - - - Balance as of June 30, 2026 - - - - - - - 142 142 Combined allowance and reserve as of June 30, 2026 $ 18,101 $ 656 $ 572 $ 19,329 $ 2,142 $ 20 $ 2,162 $ 1,617 $ 23,108 ‌Three Months Ended June 30, 2026 Six Months Ended June 30, 2026‌ (Dollars in millions) Credit Card Consumer Banking Commercial Banking (9) Other (9) Total Credit Card Consumer Banking Commercial Banking (9) Other (9) Total Net interest income $ 9,252 $ 2,431 $ 585 $ 106 $ 12,374 $ 18,488 $ 4,660 $ 1,166 $ 205 $ 24,519 Non-interest income (loss) 2,513 778 265 (80) 3,476 4,666 1,461 593 (158) 6,562 Total net revenue 11,765 3,209 850 26 15,850 23,154 6,121 1,759 47 31,081 Provision for credit losses 2,474 444 71 - 2,989 5,885 963 209 - 7,057 Non-interest expense 6,098 2,121 462 362 9,043 11,599 4,119 960 829 17,507 Income (loss) from continuing operations before income taxes 3,193 644 317 (336) 3,818 5,670 1,039 590 (782) 6,517 Income tax provision (benefit) 782 158 78 (220) 798 1,390 255 145 (474) 1,316 Income (loss) from continuing operations, net of tax $ 2,411 $ 486 $ 239 $ (116) $ 3,020 $ 4,280 $ 784 $ 445 $ (308) $ 5,201 Three Months Ended March 31, 2026 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (9) Other (9) Total Net interest income $ 9,236 $ 2,229 $ 581 $ 99 $ 12,145 Non-interest income (loss) 2,153 683 328 (78) 3,086 Total net revenue 11,389 2,912 909 21 15,231 Provision for credit losses 3,411 519 138 - 4,068 Non-interest expense 5,501 1,998 498 467 8,464 Income (loss) from continuing operations before income taxes 2,477 395 273 (446) 2,699 Income tax provision (benefit) 608 97 67 (254) 518 Income (loss) from continuing operations, net of tax $ 1,869 $ 298 $ 206 $ (192) $ 2,181 Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (9) Other (9) Total Credit Card Consumer Banking Commercial Banking (9) Other (9) Total Net interest income (loss) $ 7,293 $ 2,162 $ 602 $ (62) $ 9,995 $ 12,947 $ 4,105 $ 1,174 $ (218) $ 18,008 Non-interest income (loss) 1,802 394 335 (34) 2,497 3,313 577 647 (53) 4,484 Total net revenue (loss) 9,095 2,556 937 (96) 12,492 16,260 4,682 1,821 (271) 22,492 Provision (benefit) for credit losses 11,098 252 81 (1) 11,430 13,024 553 223 (1) 13,799 Non-interest expense 4,447 1,713 489 342 6,991 8,085 3,294 975 539 12,893 Income (loss) from continuing operations before income taxes (6,450) 591 367 (437) (5,929) (4,849) 835 623 (809) (4,200) Income tax provision (benefit) (1,533) 141 87 (361) (1,666) (1,151) 199 148 (537) (1,341) Income (loss) from continuing operations, net of tax $ (4,917) $ 450 $ 280 $ (76) $ (4,263) $ (3,698) $ 636 $ 475 $ (272) $ (2,859) ‌2026 Q2 vs. Six Months Ended June 30,‌ 2026 2026 2025 2025 2025 2026 2025 2026 vs. (Dollars in millions, except as noted) Q2 Q1 Q4 Q3 Q2 Q1 Q2 2026 2025 2025 Credit Card Earnings: Net interest income $ 9,252 $ 9,236 $ 9,479 $ 9,396 $ 7,293 -% 27% $ 18,488 $ 12,947 43% Non-interest income 2,513 2,153 2,214 2,211 1,802 17 39 4,666 3,313 41 Total net revenue 11,765 11,389 11,693 11,607 9,095 3 29 23,154 16,260 42 Provision for credit losses 2,474 3,411 3,678 2,364 11,098 (27) (78) 5,885 13,024 (55) Non-interest expense (10) 6,098 5,501 6,147 5,409 4,447 11 37% 11,599 8,085 43% Income (loss) from continuing operations before income taxes 3,193 2,477 1,868 3,834 (6,450) 29 ** 5,670 (4,849) ** Income tax provision (benefit) 782 608 445 914 (1,533) 29 ** 1,390 (1,151) ** Income (loss) from continuing operations, net of tax $ 2,411 $ 1,869 $ 1,423 $ 2,920 $ (4,917) 29% ** $ 4,280 $ (3,698) ** Selected performance metrics: Period-end loans held for investment $ 275,408 $ 270,558 $ 279,570 $ 271,037 $ 269,709 2% 2% $ 275,408 $ 269,709 2% Average loans held for investment 271,197 270,974 272,228 269,175 209,693 - 29 271,086 183,198 48 Average yield on loans outstanding (1) 17.21% 17.17% 17.71% 17.99% 17.94% 4bps (73)bps 17.19% 18.18% (99)bps Total net revenue margin (12) 17.35 16.81 17.18 17.25 17.35 54 - 17.08 17.75 (67) Net charge-off rate (4) 4.71 5.05 4.91 4.61 5.20 (34) (49) 4.88 5.60 (72) 30+ day performing delinquency rate 3.37 3.66 3.93 3.84 3.55 (29) (18) 3.37 3.55 (18) 30+ day delinquency rate 3.37 3.67 3.94 3.84 3.56 (30) (19) 3.37 3.56 (19) Nonperforming loan rate (6) 0.01 0.01 0.01 0.01 0.01 - - 0.01 0.01 - Purchase volume (11) $ 253,750 $ 220,540 $ 238,687 $ 230,379 $ 201,453 15% 26% $ 474,290 $ 359,401 32% 2026 Q2 vs. Six Months Ended June 30, (Dollars in millions, except as noted) 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Domestic Card Earnings: Net interest income $ 8,643 $ 8,618 $ 8,854 $ 8,766 $ 6,822 - % 27 % $ 17,261 $ 12,165 42% Non-interest income 2,460 2,107 2,168 2,160 1,749 17 41 4,567 3,209 42 Total net revenue 11,103 10,725 11,022 10,926 8,571 4 30 21,828 15,374 42 Provision for credit losses 2,292 3,236 3,482 2,163 10,200 (29) (78) 5,528 12,056 (54) Non-interest expense 5,771 5,179 5,789 5,092 4,192 11 38 % 10,950 7,614 44% Income (loss) from continuing operations before income taxes 3,040 2,310 1,751 3,671 (5,821) 32 ** 5,350 (4,296) ** Income tax provision (benefit) 745 566 417 873 (1,385) 32 ** 1,311 (1,022) ** Income (loss) from continuing operations, net of tax $ 2,295 $ 1,744 $ 1,334 $ 2,798 $ (4,436) 32 % ** $ 4,039 $ (3,274) ** Selected performance metrics: Period-end loans held for investment $ 259,005 $ 254,028 $ 262,403 $ 253,951 $ 252,481 2 % 3 % $ 259,005 $ 252,481 3% Average loans held for investment 254,625 254,036 255,221 252,090 197,808 - 29 254,332 173,858 46 Average yield on loans outstanding (1) 17.16% 17.13% 17.68% 17.99% 17.88% 3 bps (72)bps 17.15% 18.10% (95)bps Total net revenue margin (12) 17.44 16.89 17.28 17.34 17.33 55 11 17.16 17.69 (53) Net charge-off rate (5) 4.71 5.10 4.93 4.63 5.25 (39) (54) 4.91 5.65 (74) 30+ day performing delinquency rate 3.39 3.70 3.99 3.89 3.60 (31) (21) 3.39 3.60 (21) Purchase volume (11) $ 249,195 $ 216,513 $ 234,375 $ 226,147 $ 197,308 15 % 26 % $ 465,708 $ 351,699 32% Refreshed FICO scores: (13) Greater than 660 74% 73% 73% 73% 73% 1 1 74% 73% 1 660 or below 26 27 27 27 27 (1) (1) 26 27 (1) Total 100% 100% 100% 100% 100% 100% 100% ‌2026 Q2 vs. Six Months Ended June 30,‌ (Dollars in millions, except as noted) 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Consumer Banking Earnings: Net interest income $ 2,431 $ 2,229 $ 2,296 $ 2,357 $ 2,162 9 % 12 % $ 4,660 $ 4,105 14% Non-interest income 778 683 623 475 394 14 97 1,461 577 153 Total net revenue 3,209 2,912 2,919 2,832 2,556 10 26 6,121 4,682 31 Provision for credit losses 444 519 409 340 252 (14) 76 963 553 74 Non-interest expense 2,121 1,998 2,289 1,941 1,713 6 24 4,119 3,294 25 Income from continuing operations before income taxes 644 395 221 551 591 63 9 1,039 835 24 Income tax provision 158 97 52 131 141 63 12 255 199 28 Income from continuing operations, net of tax $ 486 $ 298 $ 169 $ 420 $ 450 63 % 8 % $ 784 $ 636 23% Selected performance metrics: Period-end loans held for investment $ 90,467 $ 86,873 $ 84,790 $ 83,230 $ 81,233 4 % 11 % $ 90,467 $ 81,233 11% Average loans held for investment 88,583 85,701 83,957 82,295 80,095 3 11 87,150 79,292 10 Average yield on loans held for investment (1) 9.57% 9.43% 9.59% 9.52% 9.30% 14bps 27bps 9.50% 9.17% 33bps Auto loan originations $ 12,916 $ 11,130 $ 10,194 $ 10,731 $ 10,861 16 % 19 % $ 24,046 $ 20,071 20% Period-end deposits 435,221 438,034 423,932 416,765 414,044 (1) 5 435,221 414,044 5 Average deposits 435,890 428,391 418,673 414,219 365,359 2 19 432,161 342,780 26 Average deposits interest rate 2.76% 2.84% 2.98% 3.07% 3.02% (8)bps (26)bps 2.80% 3.01% (21)bps Net charge-off rate 1.48 1.70 1.88 1.58 1.30 (22) 18 1.59 1.45 14 30+ day performing delinquency rate 4.28 4.17 5.17 4.93 4.78 11 (50) 4.28 4.78 (50) 30+ day delinquency rate 4.76 4.59 5.73 5.53 5.40 17 (64) 4.76 5.40 (64) Nonperforming loan rate (6) 0.62 0.57 0.69 0.73 0.74 5 (12) 0.62 0.74 (12) Nonperforming asset rate (7) 0.72 0.66 0.79 0.82 0.82 6 (10) 0.72 0.82 (10) Global Payment Network volume $ 189,612 $ 174,332 $ 174,644 $ 153,117 $ 74,014 9 % 156 % $ 363,944 $ 74,014 ** Auto-At origination FICO scores: (14) Greater than 660 49% 50% 51% 51% 52% (1) (3) 49% 52% (3) 621 - 660 19 19 19 19 19 - - 19 19 - 620 or below 32 31 30 30 29 1 3 32 29 3 Total 100% 100% 100% 100% 100% 100% 100% ‌(Dollars in millions, except as noted)‌ 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Commercial Banking Earnings: Net interest income $ 585 $ 581 $ 574 $ 586 $ 602 1% (3)% $ 1,166 $ 1,174 (1)% Non-interest income 265 328 356 318 335 (19) (21) 593 647 (8) Total net revenue (9) 850 909 930 904 937 (6) (9) 1,759 1,821 (3) Provision for credit losses 71 138 55 9 81 (49) (12) 209 223 (6) Non-interest expense 462 498 504 520 489 (7) (6) 960 975 (2) Income from continuing operations before income taxes 317 273 371 375 367 16 (14) 590 623 (5) Income tax provision 78 67 89 89 87 16 (10) 145 148 (2) Income from continuing operations, net of tax $ 239 $ 206 $ 282 $ 286 $ 280 16% (15)% $ 445 $ 475 (6)% Selected performance metrics: Period-end loans held for investment $ 91,293 $ 90,323 $ 89,262 $ 88,892 $ 88,355 1% 3% $ 91,293 $ 88,355 3% Average loans held for investment 90,899 89,560 88,495 88,389 88,369 1 3 90,233 87,935 3 Average yield on loans held for investment (1)(9) 5.75% 5.68% 6.08% 6.42% 6.40% 7bps (65)bps 5.71% 6.35% (64)bps Period-end deposits $ 30,841 $ 31,007 $ 31,250 $ 29,920 $ 29,245 (1)% 5% $ 30,841 $ 29,245 5% Average deposits 31,248 31,137 31,462 29,889 30,444 - 3 31,193 31,045 - Average deposits interest rate 1.81% 1.83% 1.96% 2.13% 2.06% (2)bps (25)bps 1.82% 2.09% (27)bps Net charge-off rate 0.53 0.29 0.43 0.21 0.33 24 20 0.41 0.22 19 Nonperforming loan rate (6) 1.32 1.40 1.36 1.39 1.30 (8) 2 1.32 1.30 2 Nonperforming asset rate (7) 1.39 1.47 1.39 1.40 1.30 (8) 9 1.39 1.30 9 Risk category: (15) Noncriticized $ 86,034 $ 84,545 $ 83,873 $ 83,098 $ 82,000 2% 5% $ 86,034 $ 82,000 5% Criticized performing 4,058 4,510 4,177 4,558 5,204 (10) (22) 4,058 5,204 (22) Criticized nonperforming 1,201 1,268 1,212 1,236 1,151 (5) 4 1,201 1,151 4 Total commercial banking loans held for investment $ 91,293 $ 90,323 $ 89,262 $ 88,892 $ 88,355 1% 3% $ 91,293 $ 88,355 3% Risk category as a percentage of period-end loans held for investment: (15) Noncriticized 94.24% 93.61% 93.96% 93.48% 92.81% 63bps 143bps 94.24% 92.81% 143bps Criticized performing 4.44 4.99 4.68 5.13 5.89 (55) (145) 4.44 5.89 (145) Criticized nonperforming 1.32 1.40 1.36 1.39 1.30 (8) 2 1.32 1.30 2 Total commercial banking loans 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% ‌(Dollars in millions)‌ 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2026 Q1 2025 Q2 2026 2025 2026 vs. 2025 Other Earnings: Net interest income (loss) $ 106 $ 99 $ 117 $ 65 $ (62) 7% ** $ 205 $ (218) ** Non-interest loss (80) (78) (76) (49) (34) 3 135% (158) (53) 198% Total net revenue (loss) (9) 26 21 41 16 (96) 24 ** 47 (271) ** Provision (benefit) for credit losses - - - 1 (1) ** ** - (1) ** Non-interest expense (16) 362 467 402 393 342 (22) 6 829 539 54 Loss from continuing operations before income taxes (336) (446) (361) (378) (437) (25) (23) (782) (809) (3) Income tax provision (benefit) (220) (254) (241) 55 (361) (13) (39) (474) (537) (12) Loss from continuing operations, net of tax $ (116) $ (192) $ (120) $ (433) $ (76) (40)% 53% $ (308) $ (272) 13% Selected performance metrics: Period-end deposits $ 18,195 $ 20,012 $ 20,589 $ 22,100 $ 24,821 (9)% (27)% $ 18,195 $ 24,821 (27)% Average deposits 19,653 20,430 20,830 23,172 18,765 (4) 5 20,039 15,637 28 Total Earnings: Net interest income $ 12,374 $ 12,145 $ 12,466 $ 12,404 $ 9,995 2% 24% $ 24,519 $ 18,008 36% Non-interest income 3,476 3,086 3,117 2,955 2,497 13 39 6,562 4,484 46 Total net revenue 15,850 15,231 15,583 15,359 12,492 4 27 31,081 22,492 38 Provision for credit losses 2,989 4,068 4,142 2,714 11,430 (27) (74) 7,057 13,799 (49) Non-interest expense 9,043 8,464 9,342 8,263 6,991 7 29% 17,507 12,893 36% Income (loss) from continuing operations before income taxes 3,818 2,699 2,099 4,382 (5,929) 41 ** 6,517 (4,200) ** Income tax provision (benefit) 798 518 345 1,189 (1,666) 54 ** 1,316 (1,341) ** Income (loss) from continuing operations, net of tax $ 3,020 $ 2,181 $ 1,754 $ 3,193 $ (4,263) 38% ** $ 5,201 $ (2,859) ** Selected performance metrics: Period-end loans held for investment $ 457,168 $ 447,754 $ 453,622 $ 443,159 $ 439,297 2% 4% $ 457,168 $ 439,297 4% Average loans held for investment 450,679 446,235 444,680 439,859 378,157 1 19 448,469 350,425 28 Period-end deposits 484,257 489,053 475,771 468,785 468,110 (1) 3 484,257 468,110 3 Average deposits 486,791 479,958 470,965 467,280 414,568 1 17 483,393 389,462 24 ‌(1) Average yield is calculated based on annualized interest income for the period divided by average loans during the period. Average yield is calculated using whole dollar values for average balances and interest income/expense. Accordingly, total interest earning assets less total interest bearing liabilities may not total net interest income/spread. ‌ (2) Includes amounts related to entities that provide capital to low-income and rural communities of $2.4 billion in Q2 2026, $2.2 billion in both Q1 2026 and Q2 2025, $2.3 billion for the first six months of 2026 and $2.1 billion for the first six months of 2025. Related interest expense was $9 million in Q2 2026, $8 million in both Q1 2026 and Q2 2025, $17 million for the first six months of 2026 and $15 million for the first six months of 2025. (3) Effective in the second quarter of 2026, Domestic Card results include Brex and our legacy corporate card product. (4) Charge-offs exclude $19.4 billion of Discover loans acquired in the second quarter of 2025 that were fully charged-off, with expected recoveries of $3.3 billion included as a benefit to the allowance for credit losses. (5) Charge-offs exclude $18.0 billion of Discover domestic credit card loans acquired in the second quarter of 2025 that are fully charged-off, with expected recoveries of $3.1 billion included as a benefit to the allowance for credit losses. (6) Nonperforming loan rates are calculated based on nonperforming loans for each category divided by period-end total loans held for investment for each respective category. For Commercial Banking, loans categorized as nonperforming are considered criticized nonperforming. (7) Nonperforming assets consist of nonperforming loans, repossessed assets and other foreclosed assets. The total nonperforming asset rate is calculated based on total nonperforming assets divided by the combined period-end total loans held for investment, repossessed assets and other foreclosed assets. (8) Primarily represents foreign currency translation adjustments. (9) Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using a blended federal and state statutory tax rate, with offsetting reductions to the Other category. (10) Includes the impact of $96 million in Brex integration expenses in Q2 2026. (11) Purchase volume consists of purchase transactions, net of returns, for the period, and excludes cash advance and balance transfer transactions. (12) Total net revenue margin is calculated based on annualized total net revenue for the period divided by average interest-earning assets for the period. (13) Percentages represent period-end loans held for investment in each credit score category. Domestic Card credit scores generally represent FICO scores. These scores are obtained from one of the major credit bureaus at origination and are refreshed monthly thereafter. We approximate non-FICO credit scores to comparable FICO scores for consistency purposes. Balances for which no credit score is available or the credit score is invalid are included in the 660 or below category. Corporate cards do not have FICO scores associated with such loans and therefore are excluded. (14) Percentages represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category. (15) Criticized exposures correspond to the "Special Mention," "Substandard" and "Doubtful" asset categories defined by bank regulatory authorities. (16) Includes the impact of $298 million, $415 million, $352 million, $348 million and $299 million in Discover integration expenses in Q2 2026, Q1 2026, Q4 2025, Q3 2025 and Q2 2025, respectively, as well as any charges incurred as a result of other restructuring activities for the periods presented. ** Not meaningful. ‌Basel III Standardized Approach‌ (Dollars in millions, except as noted) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Regulatory Capital Metrics Common equity excluding AOCI $ 114,686 $ 112,733 $ 113,677 $ 114,323 $ 112,368 Adjustments: AOCI, net of tax (2) 62 69 81 68 83 Goodwill, net of related deferred tax liabilities (31,559) (28,201) (28,217) (28,575) (28,052) Other Intangible and deferred tax assets, net of deferred tax liabilities (12,413) (12,142) (12,493) (12,846) (13,687) Common equity Tier 1 capital $ 70,776 $ 72,459 $ 73,048 $ 72,970 $ 70,712 Tier 1 capital $ 76,183 $ 77,866 $ 78,455 $ 78,377 $ 76,118 Total capital (3) 85,770 87,326 88,000 87,853 85,988 Risk-weighted assets 516,267 504,654 511,794 506,535 503,413 Adjusted average assets (4) 643,349 640,503 629,997 622,435 537,581 Capital Ratios Common equity Tier 1 capital (5) 13.7% 14.4% 14.3% 14.4% 14.0% Tier 1 capital (6) 14.8 15.4 15.3 15.5 15.1 Total capital (7) 16.6 17.3 17.2 17.3 17.1 Tier 1 leverage (4) 11.8 12.2 12.5 12.6 14.2 TCE (8) 10.2 10.3 10.7 10.8 10.3 The following non-GAAP measures consist of our adjusted results that we believe help investors and users of our financial information understand the effect of adjusting items on our selected reported results, however, they may not be comparable to similarly-titled measures reported by other companies. These adjusted results provide alternate measurements of our operating performance, both for the current period and trends across multiple periods. The following tables present reconciliations of these non-GAAP measures to the applicable amounts measured in accordance with GAAP. 2026 2026 2025 2025 2025 Six Months Ended June 30, (Dollars in millions, except per share data and as noted) Q2 Q1 Q4 Q3 Q2 2026 2025 Adjusted diluted earnings per share ("EPS"): Net income (loss) available to common stockholders (GAAP) $ 2,935 $ 2,081 $ 2,057 $ 3,086 $ (4,340) $ 5,016 $ (2,998) Acquisition amortization expenses (9) 494 477 546 603 340 971 340 Discover integration expenses 298 415 352 348 299 713 409 Brex integration expenses 96 - - - - 96 - Initial allowance build for Discover non-PCD loans - - - - 8,767 - 8,767 Legal reserve activities - - 117 - 41 - 239 Gain on sale of home loan portfolio - - (483) - - - - FDIC special assessment - - (29) - - - - Adjusted net income available to common stockholders before income tax impacts (non-GAAP) 3,823 2,973 2,560 4,037 5,107 6,796 6,757 Income tax impacts (219) (221) (124) (236) (2,339) (440) (2,415) Adjusted net income available to common stockholders (non-GAAP) $ 3,604 $ 2,752 $ 2,436 $ 3,801 $ 2,768 $ 6,356 $ 4,342 Diluted weighted-average common shares outstanding (in millions) (GAAP) 621.1 623.4 631.6 639.5 505.6 622.3 444.7 Diluted EPS (GAAP) $ 4.73 $ 3.34 $ 3.26 $ 4.83 $ (8.58) $ 8.07 $ (6.74) Impact of adjustments noted above 1.08 1.08 0.60 1.12 14.06 2.14 16.50 Adjusted diluted EPS (non-GAAP) $ 5.81 $ 4.42 $ 3.86 $ 5.95 $ 5.48 $ 10.21 $ 9.76 Adjusted efficiency ratio: Non-interest expense (GAAP) $ 9,043 $ 8,464 $ 9,342 $ 8,263 $ 6,991 $ 17,507 $ 12,893 Acquisition amortization expenses (9) (518) (478) (509) (498) (255) (996) (255) Discover integration expenses (298) (415) (352) (348) (299) (713) (409) Brex integration expenses (96) - - - - (96) - Legal reserve activities - - (117) - (41) - (239) FDIC special assessment - - 29 - - - - Adjusted non-interest expense (non-GAAP) $ 8,131 $ 7,571 $ 8,393 $ 7,417 $ 6,396 $ 15,702 $ 11,990 Total net revenue (GAAP) $ 15,850 $ 15,231 $ 15,583 $ 15,359 $ 12,492 $ 31,081 $ 22,492 Acquisition amortization expenses (9) (24) (1) 37 105 85 (25) 85 Adjusted net revenue (non-GAAP) $ 15,826 $ 15,230 $ 15,620 $ 15,464 $ 12,577 $ 31,056 $ 22,577 2026 2026 2025 2025 2025 Six Months Ended June 30, (Dollars in millions, except per share data and as noted) Q2 Q1 Q4 Q3 Q2 2026 2025 Efficiency ratio (GAAP) 57.05% 55.57% 59.95% 53.80% 55.96% 56.33% 57.32% Impact of adjustments noted above (567)bps (586)bps (622)bps (584)bps (511)bps (577)bps (421)bps Adjusted efficiency ratio (non-GAAP) 51.38% 49.71% 53.73% 47.96% 50.85% 50.56% 53.11% Adjusted operating efficiency ratio: Operating expense (GAAP) $ 7,382 $ 6,967 $ 7,408 $ 6,860 $ 5,646 $ 14,349 $ 10,346 Acquisition amortization expenses (9) (518) (478) (509) (498) (255) (996) (255) Discover integration expenses (298) (415) (352) (348) (299) (713) (409) Brex integration expenses (96) - - - - (96) - Legal reserve activities - - (117) - (41) - (239) FDIC special assessment - - 29 - - - - Adjusted operating expense (non-GAAP) $ 6,470 $ 6,074 $ 6,459 $ 6,014 $ 5,051 $ 12,544 $ 9,443 Total net revenue (GAAP) $ 15,850 $ 15,231 $ 15,583 $ 15,359 $ 12,492 $ 31,081 $ 22,492 Acquisition amortization expenses (9) (24) (1) 37 105 85 (25) 85 Adjusted net revenue (non-GAAP) $ 15,826 $ 15,230 $ 15,620 $ 15,464 $ 12,577 $ 31,056 $ 22,577 Operating efficiency ratio (GAAP) 46.57% 45.74% 47.54% 44.66% 45.20% 46.17% 46.00% Impact of adjustments noted above (569)bps (586)bps (619)bps (577)bps (504)bps (578)bps (417)bps Adjusted operating efficiency ratio (non-GAAP) 40.88% 39.88% 41.35% 38.89% 40.16% 40.39% 41.83% Reconciliation of Non-GAAP Measures The following summarizes our non-GAAP measures. While these non-GAAP measures are widely used by investors, analysts and bank regulatory agencies to assess the operating performance and capital position of financial services companies, they may not be comparable to similarly-titled measures reported by other companies. The following table presents reconciliations of these non-GAAP measures to the applicable amounts measured in accordance with GAAP. 2026 2026 2025 2025 2025 (Dollars in millions) Q2 Q1 Q4 Q3 Q2 Pre- provision earnings Total net revenue $ 15,850 $ 15,231 $ 15,583 $ 15,359 $ 12,492 Non-interest expense (9,043) (8,464) (9,342) (8,263) (6,991) Pre-provision earnings (10)(11) $ 6,807 $ 6,767 $ 6,241 $ 7,096 $ 5,501 Tangible common equity (period-end) Stockholders' equity $ 113,793 $ 112,261 $ 113,616 $ 113,813 $ 110,956 Goodwill and other intangible assets (12) (43,840) (40,489) (40,876) (41,537) (42,012) Noncumulative perpetual preferred stock (5,407) (5,407) (5,407) (5,407) (5,407) Tangible common equity (13) $ 64,546 $ 66,365 $ 67,333 $ 66,869 $ 63,537 Tangible common equity (average) Stockholders' equity $ 114,518 $ 114,556 $ 115,404 $ 112,819 $ 86,918 Goodwill and other intangible assets (12) (44,033) (40,709) (41,144) (41,815) (29,114) Noncumulative perpetual preferred stock (5,407) (5,407) (5,407) (5,407) (5,355) Tangible common equity (13) $ 65,078 $ 68,440 $ 68,853 $ 65,597 $ 52,449 Return on tangible common equity (average) Net income (loss) available to common stockholders $ 2,935 $ 2,081 $ 2,057 $ 3,086 $ (4,340) Income (loss) from discontinued operations, net of tax - (7) 380 (1) (14) Net income (loss) available to common stockholders less income (loss) from discontinued operations, net of tax $ 2,935 $ 2,088 $ 1,677 $ 3,087 $ (4,326) Tangible common equity (average) 65,078 68,440 68,853 65,597 52,449 Return on tangible common equity (13) 18.04 % 12.20 % 9.74 % 18.82 % (32.99)% Tangible assets (period-end) Total assets $ 673,835 $ 682,905 $ 669,009 $ 661,877 $ 658,968 Goodwill and other intangible assets (12) (43,840) (40,489) (40,876) (41,537) (42,012) Tangible assets (13) $ 629,995 $ 642,416 $ 628,133 $ 620,340 $ 616,956 2026 2026 2025 2025 2025 (Dollars in millions) Q2 Q1 Q4 Q3 Q2 Tangible assets (average) Total assets $ 682,079 $ 675,999 $ 665,656 $ 657,858 $ 572,446 Goodwill and other intangible assets (12) (44,033) (40,709) (41,144) (41,815) (29,114) Tangible assets (13) $ 638,046 $ 635,290 $ 624,512 $ 616,043 $ 543,332 Return on tangible assets (average) Net income (loss) $ 3,020 $ 2,174 $ 2,134 $ 3,192 $ (4,277) Income (loss) from discontinued operations, net of tax - (7) 380 (1) (14) Net income (loss) less income (loss) from discontinued operations, net of tax $ 3,020 $ 2,181 $ 1,754 $ 3,193 $ (4,263) Tangible assets (average) 638,046 635,290 624,512 616,043 543,332 Return on tangible assets (13) 1.89% 1.37% 1.12% 2.07% (3.14)% TCE ratio Tangible common equity (period-end) $ 64,546 $ 66,365 $ 67,333 $ 66,869 $ 63,537 Tangible assets (period-end) 629,995 642,416 628,133 620,340 616,956 TCE ratio (13) 10.2% 10.3% 10.7% 10.8% 10.3% Tangible book value per common share Tangible common equity (period-end) $ 64,546 $ 66,365 $ 67,333 $ 66,869 $ 63,537 Outstanding common shares 613.5 615.9 625.1 635.7 639.5 Tangible book value per common share (13) $ 105.21 $ 107.76 $ 107.72 $ 105.18 $ 99.35 ‌CAPITAL ONE FINANCIAL CORPORATION (COF)‌ Table 16: Notes to Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures (Table 15) (1) Regulatory capital metrics and capital ratios as of June 30, 2026 are preliminary and therefore subject to change. (2) Excludes certain components of AOCI in accordance with rules applicable to Category III institutions. (3) Total capital equals the sum of Tier 1 capital and Tier 2 capital. (4) Adjusted average assets for the purpose of calculating our Tier 1 leverage ratio represents total average assets adjusted for amounts that are deducted from Tier 1 capital, predominately goodwill and intangible assets. Tier 1 leverage ratio is a regulatory capital measure calculated based on Tier 1 capital divided by adjusted average assets. (5) Common equity Tier 1 capital ratio is a regulatory capital measure calculated based on common equity Tier 1 capital divided by risk-weighted assets. (6) Tier 1 capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by risk-weighted assets. (7) Total capital ratio is a regulatory capital measure calculated based on total capital divided by risk-weighted assets. (8) TCE ratio is a Non-GAAP measure calculated based on TCE divided by tangible assets. (9) Includes purchase accounting-related amortization for acquisitions where integration expenses were also adjusted. (10) Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. (11) Adjusted pre-provision earnings is a non-GAAP metric calculated based on adjusted net revenue less non-interest expense for the period. (12) Includes impact of related deferred taxes . (13) Management believes that this financial metric is useful when assessing returns and capital management over time.

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