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Sep 30, 2022
Capital One Q3 2022 Earnings Report
Reported net income of $1.7 billion, or $4.20 per share, demonstrating strong growth and revenue.
Key Takeaways
Capital One reported a net income of $1.7 billion for Q3 2022, with total net revenue increasing by 7% to $8.8 billion. The company saw growth in loans and deposits, and is focusing on marketing and asset growth to deliver long-term shareholder value.
Total net revenue increased 7 percent to $8.8 billion.
Pre-provision earnings increased 6 percent to $3.9 billion.
Period-end loans held for investment in the quarter increased $7.6 billion, or 3 percent, to $303.9 billion.
Period-end total deposits increased $9.3 billion, or 3 percent, to $317.2 billion.
Capital One
Capital One
Forward Guidance
The company is in a strong position to deliver compelling long-term shareholder value as modern digital technology continues to transform banking.