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Capital One's Q4 2023 results showed a net income of $706 million, or $1.67 per share. Total net revenue increased slightly, and the balance sheet remained strong. The quarter was impacted by a FDIC special assessment.
Net income for Q4 2023 was $706 million, or $1.67 per diluted common share.
Total net revenue increased 1 percent to $9.5 billion.
Period-end loans held for investment increased by $5.7 billion, or 2 percent, to $320.5 billion.
Period-end total deposits increased $2.4 billion, or 1 percent, to $348.4 billion.
Capital One did not provide specific forward guidance in this earnings report. The report focused on the results of the fourth quarter of 2023 and full year 2023.