Capital One Q4 2024 Earnings Report
Key Takeaways
Capital One's Q4 2024 results showed a net income of $1.1 billion, or $2.67 per diluted common share. The quarter was marked by steady top-line growth in the domestic card business, strong originations and loan growth in the auto business, and stable credit results across all businesses. Total net revenue increased by 2 percent to $10.2 billion.
Total net revenue increased by 2% to $10.2 billion.
Net income for the fourth quarter was $1.1 billion, or $2.67 per diluted common share.
Credit Card period-end loans increased $5.9 billion, or 4%, to $162.5 billion.
Total deposits increased $9.1 billion, or 3 percent, to $362.7 billion.
Capital One
Capital One
Forward Guidance
Capital One anticipates completing the acquisition of Discover in early 2025, subject to regulatory and shareholder approvals.