Third Quarter 2023 Financial Results
Domestic Card
2023 Q3
2023
2023
2022
2023
2022
(Dollars in millions, except as noted)
Q3
Q2
Q3
Q2
Q3
Earnings:
Net interest income
Capital One
•
Third Quarter 2023 Highlights
Ending loans held for investment up
$19.0 billion, or 16%, year-over-year;
average loans held for investment up
$20.0 billion, or 17%, year-over-year
Purchase volume up 6% year-over-year
$ 4,827
$ 4,453
$
4,065
8%
19%
Non-interest income
1,445
1,431
1,383
1
4
Total net revenue
6,272
5,884
5,448
7
15
Provision for credit losses
1,861
1,995
1,167
(7)
59
Non-interest expense
2,810
2,805
2,803
•
Pre-tax income
1,601
1,084
1,478
48
8
Selected performance metrics:
Period-end loans held for investment
$ 140,320
$ 135,975
$ 121,279
3%
16%
.
Average loans held for investment
137,500
132,505
117,467
4
17
Total net revenue margin
18.24%
17.76%
18.55%
48 bps
(31)bps
Net charge-off rate
30+ day performing delinquency rate
4.40
4.38
2.20
2
220
4.31
3.74
2.97
57
134
Purchase volume
$ 154,880
$ 154,184
$ 145,805
Revenue up $824 million, or 15%, year-
•
over-year
Revenue margin of 18.24%
Non-interest expense substantially flat
year-over-year
Provision for credit losses up $694
million year-over-year
6%
.
Net charge-off rate of 4.40%View entire presentation