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Dec 31, 2020
Capital One Q4 2020 Earnings Report
Capital One reported net income of $2.6 billion for Q4 2020.
Key Takeaways
Capital One reported a net income of $2.6 billion, or $5.35 per diluted common share, for the fourth quarter of 2020. Excluding adjusting items, net income was $5.29 per diluted common share. The Board of Directors authorized a common stock repurchase program of up to $7.5 billion.
Total net revenue decreased 1 percent to $7.3 billion.
Total non-interest expense increased 13 percent to $4.0 billion, driven by a 99% increase in marketing expenses.
Period-end loans held for investment increased $3.4 billion, or 1 percent, to $251.6 billion.
Common equity Tier 1 capital ratio under Basel III Standardized Approach of 13.7 percent at December 31, 2020.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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