Capital One Reports Q3 2026 Financial Results with Adjusted EPS of $6.69

Overview

On October 20, 2026, Capital One Financial Corporation (NYSE: COF) filed an 8-K under Item 2.02 detailing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Earnings Per Share (EPS): Reported diluted EPS of $5.61 (net income of $3.5 billion), compared to $4.73 in Q2 2026 and $4.83 in Q3 2025.
• Adjusted EPS: $6.69 per diluted share, reflecting adjustments for acquisition amortization expenses ($0.60 per share), Discover integration expenses ($0.42 per share), and Brex integration expenses ($0.06 per share).
• Net Revenue: Total net revenue grew 3% sequentially to $16.3 billion.
• Net Interest Margin (NIM): Expanded by 40 basis points to 8.41%.
• Credit Provision: Provision for credit losses decreased $73 million to $2.9 billion, including net charge-offs of $3.1 billion and a $225 million loan reserve release.
• Operating Efficiency: Adjusted operating efficiency ratio stood at 38.99%.
• Balance Sheet & Capital: Period-end loans held for investment rose 1% to $462.5 billion. Total deposits stood at $480.7 billion. Common Equity Tier 1 (CET1) capital ratio under Basel III Standardized Approach was 13.8%.

Strategic Commentary

CEO Richard D. Fairbank highlighted continued operational progress and synergy realization from the Discover acquisition while sustaining investment across key lending and payments platforms.