Capital One ($COF) Reports $3.5 Billion Q3 Profit, Revenue Rises 6%

Capital One ($COF) reported third-quarter 2026 net income of $3.54 billion, or $5.61 per diluted share, compared with $3.19 billion, or $4.83 per share, a year earlier. Revenue increased 6% year over year to $16.34 billion, while adjusted earnings reached $6.69 per diluted share.

• Net interest margin reached 8.41%, up 40 basis points from the second quarter.
• Provision for credit losses totaled $2.92 billion, including a $225 million loan reserve release.
• Domestic credit card net charge-off rates declined to 3.98% from 4.71% in the previous quarter.
• Domestic card delinquencies of 30 days or more increased to 3.74% from 3.39%.
• September annualized net charge-off rates were 3.66% for domestic credit cards and 1.62% for auto loans.
• Total loans reached $462.53 billion, while deposits totaled $480.70 billion.
• The preliminary Common Equity Tier 1 capital ratio was 13.8%.
• Adjusted earnings exclude acquisition-related amortization and integration expenses associated with Discover and Brex.

Relevant Companies

• Capital One ($COF) - Reported higher quarterly revenue and earnings alongside improved charge-off rates and increased credit card delinquencies.

Editor’s Note: This is a developing story. This article may be updated as more details become available.