Capital One Q1 2021 Earnings Report
Key Takeaways
Capital One reported a strong first quarter in 2021 with a net income of $3.3 billion, or $7.03 per diluted common share. Strikingly strong credit drove record earnings per share, and investments in technology transformation are yielding positive results. Modern technology is facilitating the response to the pandemic and positioning the company for opportunities in the evolving digital banking landscape.
Net income for the first quarter of 2021 was $3.3 billion, or $7.03 per diluted common share.
Total net revenue decreased 3 percent to $7.1 billion.
Total non-interest expense decreased 7 percent to $3.7 billion.
Period-end total deposits increased $4.9 billion, or 2 percent, to $310.3 billion.
Capital One
Capital One
Forward Guidance
The company did not provide forward guidance in the press release.