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Capital One Financial (COF)
NYSE:COF
Earnings Data
Report Date
Jul 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.71Last Year’s EPS
3.14Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 14.30%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Neutral
Capital One's earnings call highlighted strong financial performance, improved credit metrics, and strategic progress with the Discover acquisition. However, challenges such as revenue decline, increased noninterest expenses, and specific segment challenges were noted. The overall sentiment is balanced with significant achievements and areas of concern.Company Guidance
During the Capital One Q1 2025 earnings call, guidance was provided that included several key metrics and expectations. Capital One reported first-quarter earnings of $1.4 billion, or $3.45 per diluted common share. Adjusted earnings per share stood at $4.06 after accounting for legal reserve activities and Discover integration expenses. The company's pre-provision earnings were $4.1 billion, stable sequentially, with a 2% increase on an adjusted basis. Revenue saw a 2% decline due to fewer days in the quarter, whereas noninterest expenses fell by 5% adjusted, driven by lower marketing and operating costs. The provision for credit losses decreased to $2.4 billion, with a reduction of $273 million from the previous quarter, attributed to $148 million in lower net charge-offs and a $123 million larger reserve release. The allowance balance was reduced by $368 million, resulting in a total coverage ratio decrease of 5 basis points to 4.91%. Liquidity reserves were up to $131 billion, with a cash position increase to $49 billion. The net interest margin was reported at 6.93%, and the common equity Tier 1 capital ratio rose to 13.6%, with future expectations for synergies from the Discover acquisition to be achieved over 24 months post-closing.Strong Financial Performance
Capital One reported Q1 earnings of $1.4 billion, or $3.45 per diluted common share, with adjusted earnings per share of $4.06. Pre-provision earnings were largely flat at $4.1 billion, and adjusted pre-provision earnings increased by 2% from the previous quarter.
Improved Credit Performance
The provision for credit losses decreased by $273 million compared to the prior quarter, with a decrease driven by $148 million lower net charge-offs and a $123 million larger reserve release.
Allowance Release
Capital One released $368 million in allowance this quarter, bringing the allowance balance to $15.9 billion. The total portfolio coverage ratio decreased by 5 basis points to 4.91%.
Liquidity and Capital Position
Total liquidity reserves increased to $131 billion, with the cash position ending at approximately $49 billion. The preliminary average liquidity coverage ratio during the first quarter was 152%, and the common equity Tier 1 capital ratio ended the quarter at 13.6%.
Domestic Card Business Growth
The Domestic Card business delivered top-line growth with year-over-year purchase volume growth of 5% (6% adjusted for leap year), and revenue was up 7% from the first quarter of 2024.
Auto Business Performance
Auto originations were up 22% from the prior year quarter, with ending loan balances increasing by $3.8 billion or about 5% year-over-year.
Discover Acquisition Progress
Capital One received regulatory approval for the acquisition of Discover, with the transaction expected to close on May 18. The acquisition is expected to create a leading consumer banking and payments platform.
COF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
COF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2025 | $169.66 | $175.90 | +3.68% |
Jan 21, 2025 | $192.02 | $199.70 | +4.00% |
Oct 24, 2024 | $151.83 | $159.76 | +5.22% |
Jul 23, 2024 | $143.50 | $144.39 | +0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Capital One Financial (COF) report earnings?
Capital One Financial (COF) is schdueled to report earning on Jul 22, 2025, TBA Not Confirmed.
What is Capital One Financial (COF) earnings time?
Capital One Financial (COF) earnings time is at Jul 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COF EPS forecast?
COF EPS forecast for the fiscal quarter 2025 (Q2) is 3.71.
