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Mar 31, 2024

Capital One Q1 2024 Earnings Report

Capital One reported first quarter 2024 results with net income of $1.3 billion and adjusted EPS of $3.21.

Key Takeaways

Capital One reported a net income of $1.3 billion for the first quarter of 2024, or $3.13 per diluted common share. Total net revenue decreased by 1 percent to $9.4 billion, and adjusted net income was $3.21 per diluted common share.

Net income for the first quarter of 2024 was $1.3 billion, or $3.13 per diluted common share.

Total net revenue decreased 1 percent to $9.4 billion.

Total non-interest expense decreased 10 percent to $5.1 billion.

Period-end total deposits increased $2.6 billion, or 1 percent, to $351.0 billion.

Total Revenue
$9.4B
Previous year: $8.9B
+5.6%
EPS
$3.21
Previous year: $2.31
+39.0%
Credit Card Loans
$151B
Previous year: $137B
+9.8%
Consumer Banking Loans
$75.1B
Previous year: $78.2B
-4.0%
Commercial Banking Loans
$89.5B
Previous year: $93.5B
-4.3%
Gross Profit
$13.1B
Previous year: $8.9B
+47.0%
Cash and Equivalents
$482B
Previous year: $47B
+925.5%
Free Cash Flow
$2.76B
Previous year: $2.76B
+0.2%
Total Assets
$482B
Previous year: $472B
+2.1%

Capital One

Capital One

Forward Guidance

No specific forward guidance was provided in the press release.