Third Quarter 2023 Financial Results

Reconciliation of Non-GAAP Measures (Dollars in millions) Total net revenue (GAAP) Operating efficiency ratio (GAAP) Impact of adjustments noted above Adjusted operating efficiency ratio (non-GAAP) Pre-Provision Earnings Total net revenue Non-interest expense Pre-provision earnings Capital One 2023 2023 2023 2022 2022 Nine Months Ended September 30, Q3 Q2 Q1 Q4 Q3 2023 2022 $ 9,366 $ 9,012 S 8,903 $ 9,040 $ 8,805 $ 27,281 $ 25,210 41.51% 43.36% 45.47% 43.83% 116 bps 45.10% 43.41% 44.36% 41.51% 43.36% 45.47% 44.99% 45.10% 43.41% 44.36% $ 9,366 $ (4,860) 9,012 $ (4,794) 8,903 $ 9,040 (4,945) (5,080) $ 8,805 (4,949) $ 4,506 $ 4,218 $ 3,958 $ 3,960 $ 3,856

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