Third Quarter 2023 Financial Results
Consumer Banking
2023 Q3
2023
2023
2022
2023
2022
(Dollars in millions, except as noted)
Q3
Q2
Q3
Q2
Q3
Earnings:
Net interest income
$ 2,133
$
2,269
$
2,311
(6)%
(8)%
Non-interest income
142
149
129
(5)
10
Total net revenue
2,275
2,418
2,440
(6)
(7)
Provision for credit losses
213
259
285
(18)
(25)
Non-interest expense
1,262
1,231
1,340
3
(6)
•
Pre-tax income
800
928
815
(14)
(2)
Selected performance metrics:
Period-end loans held for investment
$ 76,844
$ 77,280
$ 81,199
(1)%
(5)%
•
Average loans held for investment
77,154
77,698
81,339
(1)
(5)
Auto loan originations
7,452
7,160
8,289
4
(10)
•
Period-end deposits
290,789
286,174
256,661
2
113
Average deposits
287,457
285,647
255,843
1
12
Average deposits interest rate
2.85%
2.46%
0.79%
39 bps
206 bps
Net charge-off rate
1.81
1.43
1.10
38
71
Capital One
Third Quarter 2023 Highlights
Ending loans held for investment down
$4.4 billion, or 5%, year-over-year;
average loans held for investment down
$4.2 billion, or 5%, year-over-year
Ending deposits up $34.1 billion, or
13%, year-over-year
Auto loan originations down $837
million, or 10%, year-over-year
Revenue down $165 million, or 7%,
year-over-year
Non-interest expense down $78 million,
or 6%, year-over-year
Provision for credit losses down $72
million year-over-year
•
Net charge-off rate of 1.81%View entire presentation