Capital One Reports Third Quarter 2013 Net Income of $1.1 billion, or $1.86 per share

 Capital One Reports Third Quarter 2013 Net Income of $1.1 billion, or $1.86
                                  per share

PR Newswire

MCLEAN, Va., Oct. 17, 2013

MCLEAN, Va., Oct. 17, 2013 /PRNewswire/ -- Capital One Financial Corporation
(NYSE: COF) today announced net income for the third quarter of 2013 of $1.1
billion, or $1.86 per diluted common share, flat to the second quarter of 2013
with net income of $1.1 billion, or $1.87 per diluted common share, and down
from the third quarter of 2012 with net income of $1.2 billion, or $2.01 per
diluted common.

"Our businesses continue to deliver attractive, sustainable, and resilient
returns and generate capital on a strong trajectory," said Richard D.
Fairbank, Chairman and CEO. "We remain focused on important levers that will
sustain and improve our profitability and our ability to distribute capital."

All comparisons below are for the third quarter of 2013 compared with the
second quarter of 2013 unless otherwise noted.

Third Quarter 2013 Income Highlights:

  oTotal net revenue increased less than 1 percent to $5.7 billion
  oTotal non-interest expense increased 3 percent to $3.1 billion
  oPre-provision earnings decreased 3 percent to $2.5 billion
  oProvision for credit losses increased 11 percent to $849 million
  oNon-interest expense includes $101 million for litigation reserves

Third Quarter 2013 Balance Sheet Highlights:

  oTier 1 common ratio of 12.7 percent, up 60 basis points
  oNet interest margin of 6.89 percent, up 6 basis points
  oPeriod-end loans held for investment increased $302 million, or less than
    1 percent, to $191.8 billion

       oDomestic Card period-end loans decreased $554 million, or less than 1
         percent, to $69.9 billion
       oCommercial Banking period-end loans increased $1.6 billion, or 4
         percent, to $42.4 billion
       oConsumer Banking:

            +Auto Finance period-end loans increased $1.4 billion, or 5
              percent, to $30.8 billion
            +Home loans period-end loans decreased $2.3 billion, or 6
              percent, to $36.8 billion, driven by run-off of acquired
              portfolios

  oAverage loans held for investment in the quarter increased $573 million,
    or less than 1 percent, to $191.1 billion

       oDomestic Card average loans declined $19 million, or less than 1
         percent, to $69.9 billion
       oCommercial Banking average loans increased $2.1 billion, or 5
         percent, to $41.6 billion
       oConsumer Banking:

            +Auto Finance average loans increased $1.5 billion, or 5 percent,
              to $30.2 billion
            +Home loans decreased by $2.7 billion, or 7 percent, to $37.9
              billion, driven by run-off of acquired portfolios

  oPeriod-end total deposits decreased $3.0 billion, or 1 percent, to $206.8
    billion, while average deposits declined $2.3 billion, or 1 percent, to
    $208.3 billion
  oDeposit interest rates declined 2 basis points to 0.79 percent

Detailed segment information will be available in the company's Quarterly
Report on Form 10-Q for the quarter ended September 30, 2013.

Earnings Conference Call Webcast Information

The company will hold an earnings conference call on October 17, 2013, at 5:00
PM, Eastern Daylight Time. The conference call will be accessible through live
webcast. Interested investors and other individuals can access the webcast via
the company's home page (www.capitalone.com). Choose "About Us", then choose
"Investors" to access the Investor Center and view and/or download the
earnings press release, the financial supplement, including a reconciliation
of non-GAAP financial measures, and the earnings release presentation. The
replay of the webcast will be archived on the company's website through
November 7, 2013 at 5:00 PM.

Forward Looking Statements
Certain statements in this release are forward-looking statements, which
involve a number of risks and uncertainties. Capital One cautions readers that
any forward-looking information is not a guarantee of future performance and
that actual results could differ materially from those contained in the
forward-looking information due to a number of factors, including those listed
from time to time in reports that Capital One files with the Securities and
Exchange Commission, including, but not limited to, the Annual Report on Form
10-K for the year ended December 31, 2012.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $206.9 billion in deposits and $289.9 billion in
total assets as of September 30, 2013. Headquartered in McLean, Virginia,
Capital One offers a broad spectrum of financial products and services to
consumers, small businesses and commercial clients through a variety of
channels. Capital One, N.A. has more than 900 branch locations primarily in
New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of
Columbia.A Fortune 500 company, Capital One trades on the New York Stock
Exchange under the symbol "COF" and is included in the S&P 100 index.



Exhibit 99.2
Capital One Financial Corporation
Financial Supplement
Third Quarter 2013^(1)(2)
Table of Contents
Capital One Financial Corporation Consolidated                      Page
        Table 1:        Financial Summary—Consolidated              1
        Table 2:        Selected Metrics—Consolidated               2
        Table 3:        Consolidated Statements of Income           3
        Table 4:        Consolidated Balance Sheets                 4
                        Notes to Financial & Selected Metrics and
        Table 5:        Consolidated Financial Statements (Tables 1 5
                        - 4)
        Table 6:        Average Balances, Net Interest Income and   6
                        Net Interest Margin
        Table 7:        Loan Information and Performance Statistics 7
Business Segment Detail
        Table 8:        Financial & Statistical Summary—Credit Card 8
                        Business
        Table 9:        Financial & Statistical Summary—Consumer    9
                        Banking Business
        Table 10:       Financial & Statistical Summary—Commercial  10
                        Banking Business
        Table 11:       Financial & Statistical Summary—Other and   11
                        Total
        Table 12:       Notes to Loan and Business Segment          12
                        Disclosures (Tables 7 - 11)
Other
                        Reconciliation of Non-GAAP Measures and
        Table 13:       Calculation of Regulatory Capital Measures  13
                        Under Basel I
^(1) The information contained in this Financial Supplement is preliminary and
based on data available at the time of the earnings presentation, and
investors should refer to our Quarterly Report on Form 10-Q for the period
ended September 30, 2013 once it is filed with the Securities and Exchange
Commission.
^(2) References to ING Direct refer to the business and assets acquired and
liabilities assumed in the February 17, 2012 acquisition. References to the
2012 U.S. card acquisition refer to the May 1, 2012 transaction in which we
acquired substantially all of HSBC's credit card and private-label credit card
business in the United States.



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 1: Financial Summary—Consolidated^(1)
                                            2013        2013        2012
(Dollars in millions, except per share      Q3          Q2          Q3
data and as noted) (unaudited)
Earnings
Net interest income                         $ 4,560     $ 4,553     $ 4,646
Non-interest income^(2)                     1,091       1,085       1,136
Total net revenue^(3)                       5,651       5,638       5,782
Provision for credit losses                 849         762         1,014
Non-interest expense:
Marketing                                   299         330         316
 Amortization of intangibles^(4)         161         167         199
 Acquisition-related^(5)                 37          50          48
Operating expenses                          2,650       2,512       2,482
Total non-interest expense                  3,147       3,059       3,045
Income from continuing operations before    1,655       1,817       1,723
income taxes
Income tax provision                        525         581         535
Income from continuing operations, net of   1,130       1,236       1,188
tax
Loss from discontinued operations, net of   (13)        (119)       (10)
tax^(2)
Net income                                  1,117       1,117       1,178
Dividends and undistributed earnings        (5)         (4)         (5)
allocated to participating securities^(6)
Preferred stock dividends                   (13)        (13)        —
Net income available to common              $ 1,099     $ 1,100     $ 1,173
stockholders
Common Share Statistics
Basic EPS:^(6)
Income from continuing operations, net of   $ 1.91      $ 2.09      $ 2.05
tax
Loss from discontinued operations, net of   (0.02)      (0.20)      (0.02)
tax
Net income per common share                 $ 1.89      $ 1.89      $ 2.03
Diluted EPS:^(6)
Income from continuing operations, net of   $ 1.88      $ 2.07      $ 2.03
tax
Loss from discontinued operations, net of   (0.02)      (0.20)      (0.02)
tax
Net income per common share                 $ 1.86      $ 1.87      $ 2.01
Weighted average common shares outstanding
(in millions) for:
Basic EPS                                   582.3       581.5       578.3
Diluted EPS                                 591.1       588.8       584.1
Common shares outstanding (period end, in   582.0       584.9       581.3
millions)
Dividends per common share                  $ 0.30      $ 0.30      $ 0.05
Tangible book value per common share        43.19       41.57       38.70
(period end)^(7)
Balance Sheet (Period End)
Loans held for investment^(8)               $ 191,814   $ 191,512   $ 203,132
Interest-earning assets                     259,152     265,693     270,661
Total assets                                289,888     296,542     301,989
Interest-bearing deposits                   184,553     187,768     192,488
Total deposits                              206,834     209,865     213,255
Borrowings                                  31,845      36,231      38,377
Common equity                               40,897      40,188      38,819
Total stockholders' equity                  41,750      41,041      39,672
Balance Sheet (Quarterly Average Balances)
Loans held for investment^(8)               $ 191,135   $ 190,562   $ 202,856
Interest-earning assets                     264,796     266,544     266,803
Total assets                                294,939     297,766     297,154
Interest-bearing deposits                   186,752     189,311     193,700
Total deposits                              208,340     210,650     213,323
Borrowings                                  36,355      36,915      36,451
Common equity                               40,431      40,726      38,079
Total stockholders' equity                  41,284      41,579      38,535



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 2: Selected Metrics—Consolidated^(1)
                                              2013       2013       2012
(Dollars in millions, except per share data   Q3         Q2         Q3
and as noted) (unaudited)
Performance Metrics
Net interest income growth (quarter over      —        % —        % 16       %
quarter)
Non-interest income growth (quarter over      1          11         8
quarter)
Total net revenue growth (quarter over        —          2          14
quarter)
Total net revenue margin^(9)                  8.54       8.46       8.67
Net interest margin^(10)                      6.89       6.83       6.97
Return on average assets^(11)                 1.53       1.66       1.60
Return on average tangible assets^(12)        1.62       1.75       1.69
Return on average common equity^(13)          11.00      11.97      12.43
Return on average tangible common             18.08      19.70      21.84
equity^(14)
Non-interest expense as a % of average loans  6.59       6.42       6.00
held for investment^(15)
Efficiency ratio^(16)                         55.69      54.26      52.66
Effective income tax rate for continuing      31.7       32.0       31.1
operations
Full-time equivalent employees (in            39.6       39.6       37.6
thousands), period end
Credit Quality Metrics^(8)
Allowance for loan and lease losses           $ 4,333    $ 4,407    $ 5,154
Allowance as a % of loans held for            2.26     % 2.30     % 2.54     %
investment
Allowance as a % of loans held for            2.66       2.74       3.11
investment (excluding acquired loans)
Net charge-offs                               $ 917      $ 969      $ 887
Net charge-off rate^(17)                      1.92     % 2.03     % 1.75     %
Net charge-off rate (excluding acquired      2.29       2.46       2.18
loans)^(17)
30+ day performing delinquency rate           2.54       2.35       2.54
30+ day performing delinquency rate           3.01       2.83       3.15
(excluding acquired loans)
30+ day delinquency rate^(18)                 **         2.71       2.92
30+ day delinquency rate (excluding acquired  **         3.26       3.62
loans)^(18)
Capital Ratios ^(19)
Tier 1 common ratio                           12.7     % 12.1     % 10.7     %
Tier 1 risk-based capital ratio               13.1       12.4       12.7
Total risk-based capital ratio                15.3       14.7       15.0
Tangible common equity ("TCE") ratio          9.2        8.7        7.9



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 3: Consolidated Statements of Income^(1)
                          Three Months Ended              Nine Months Ended
                          September  June 30,  September  September  September
                          30,                  30,        30,        30,
(Dollars in millions,
except per share data)    2013       2013      2012       2013       2012
(unaudited)
Interest income:
Loans, including loans    $  4,579   $ 4,596   $  4,903   $ 13,824   $ 12,817
held for sale
Investment securities     396        391       335        1,161      968
Other                     23         23        16         74         64
Total interest income     4,998      5,010     5,254      15,059     13,849
Interest expense:
Deposits                  309        318       371        953        1,055
Securitized debt          42         45        64         143        213
obligations
Senior and subordinated   76         82        85         240        260
notes
Other borrowings          11         12        88         40         260
Total interest expense    438        457       608        1,376      1,788
Net interest income       4,560      4,553     4,646      13,683     12,061
Provision for credit      849        762       1,014      2,496      3,264
losses
Net interest income
after provision for       3,711      3,791     3,632      11,187     8,797
credit losses
Non-interest income^(2):
Service charges and
other customer-related    530        534       557        1,614      1,511
fees
Interchange fees, net     476        486       452        1,407      1,188
Net other-than-temporary
impairment losses         (11)       (4)       (13)       (40)       (40)
recognized in earnings
Bargain purchase          —          —         —          —          594
gain^(20)
Other                     96         69        140        176        458
Total non-interest        1,091      1,085     1,136      3,157      3,711
income
Non-interest expense:
Salaries and associate    1,145      1,104     1,002      3,329      2,837
benefits
Occupancy and equipment   369        356       354        1,075      947
Marketing                 299        330       316        946        971
Professional services     320        329       310        956        916
Communications and data   224        233       198        667        573
processing
Amortization of           161        167       199        505        418
intangibles^(4)
Acquisition-related^(5)   37         50        48         133        267
Other                     592        490       618        1,623      1,762
Total non-interest        3,147      3,059     3,045      9,234      8,691
expense
Income from continuing
operations before income  1,655      1,817     1,723      5,110      3,817
taxes
Income tax provision      525        581       535        1,600      931
Income from continuing    1,130      1,236     1,188      3,510      2,886
operations, net of tax
Loss from discontinued
operations, net of        (13)       (119)     (10)       (210)      (212)
tax^(2)
Net income                1,117      1,117     1,178      3,300      2,674
Dividends and
undistributed earnings
allocated to              (5)        (4)       (5)        (14)       (12)
participating
securities^(6)
Preferred stock           (13)       (13)      —          (39)       —
dividends
Net income available to   $  1,099   $ 1,100   $  1,173   $ 3,247    $ 2,662
common stockholders
Basic earnings per
common share:^(6)
Income from continuing    $  1.91    $ 2.09    $  2.05    $ 5.94     $ 5.18
operations
Loss from discontinued    (0.02)     (0.20)    (0.02)     (0.36)     (0.38)
operations
Net income per basic      $  1.89    $ 1.89    $  2.03    $ 5.58     $ 4.80
common share
Diluted earnings per
common share:^(6)
Income from continuing    $  1.88    $ 2.07    $  2.03    $ 5.87     $ 5.13
operations
Loss from discontinued    (0.02)     (0.20)    (0.02)     (0.36)     (0.38)
operations
Net income per diluted    $  1.86    $ 1.87    $  2.01    $ 5.51     $ 4.75
common share
Weighted average common
shares outstanding (in
millions) for:
Basic EPS                 582.3      581.5     578.3      581.4      555.0
Diluted EPS               591.1      588.8     584.1      589.0      560.1
Dividends paid per        $  0.30    $ 0.30    $  0.05    $ 0.65     $ 0.15
common share



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 4: Consolidated Balance Sheets^(1)
                                   September 30,  December 31,  September 30,
(Dollars in millions)(unaudited)   2013           2012          2012
Assets:
Cash and cash equivalents:
Cash and due from banks            $  2,855       $  3,440      $  1,855
Interest-bearing deposits with     2,481          7,617         3,860
banks
Federal funds sold and securities
purchased under agreements to      382            1             254
resell
Total cash and cash equivalents    5,718          11,058        5,969
Restricted cash for                390            428           760
securitization investors
Securities available for sale, at  43,132         63,979        61,464
fair value
Securities held to maturity, at    18,276         9             —
amortized cost
Loans held for investment:
Unsecuritized loans held for       152,332        162,059       159,219
investment
Restricted loans for               39,482         43,830        43,913
securitization investors
Total loans held for investment    191,814        205,889       203,132
Less: Allowance for loan and       (4,333)        (5,156)       (5,154)
lease losses
Net loans held for investment      187,481        200,733       197,978
Loans held for sale, at lower of   180            201           187
cost or fair value
Premises and equipment, net        3,792          3,587         3,519
Interest receivable                1,304          1,694         1,614
Goodwill                           13,906         13,904        13,901
Other                              15,709         17,325        16,597
Total assets                       $  289,888     $  312,918    $  301,989
Liabilities:
Interest payable                   $  276         $  450        $  368
Customer deposits:
Non-interest bearing deposits      22,281         22,467        20,767
Interest-bearing deposits          184,553        190,018       192,488
Total customer deposits            206,834        212,485       213,255
Securitized debt obligations       9,544          11,398        12,686
Other debt:
Federal funds purchased and
securities loaned or sold under    1,686          1,248         967
agreements to repurchase
Senior and subordinated notes      12,395         12,686        11,756
Other borrowings                   8,220          24,578        12,968
Total other debt                   22,301         38,512        25,691
Other liabilities                  9,183          9,574         10,317
Total liabilities                  248,138        272,419       262,317
Stockholders' equity:
Preferred stock                    —              —             853
Common stock                       6              6             6
Additional paid-in capital, net    26,426         26,188        25,265
Retained earnings                  19,731         16,853        16,054
Accumulated other comprehensive    (839)          739           781
income ("AOCI")
Treasury stock, at cost            (3,574)        (3,287)       (3,287)
Total stockholders' equity         41,750         40,499        39,672
Total liabilities and              $  289,888     $  312,918    $  301,989
stockholders' equity



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 5: Notes to Financial & Selected Metrics and Consolidated Financial
Statements (Tables 1 — 4)
^(1)  Certain prior period amounts have been reclassified to conform to the
      current period presentation.
      We recorded a benefit for mortgage representation and warranty losses of
      $4 million in Q3 2013, and a provision for mortgage representation and
      warranty losses of $183 million in Q2 2013. We did not record a
      provision for mortgage representation and warranty losses in Q3 2012.
^(2)  The majority of the provision for representation and warranty losses is
      generally included net of tax in discontinued operations, with the
      remaining amount included pre-tax in non-interest income. The mortgage
      representation and warranty reserve was $1.2 billion as of September 30,
      2013, $899 million as of December 31, 2012, and $919 million as of
      September 30, 2012.
      Total net revenue was reduced by $154 million in Q3 2013, $192 million
^(3)  in Q2 2013, and $185 million in Q3 2012 for the estimated uncollectible
      amount of billed finance charges and fees.
      Includes purchased credit card relationship ("PCCR") intangible
      amortization of $106 million in Q32013, $110 million in Q2 2013, and
      $131 million in Q3 2012, the substantial majority which is attributable
^(4)  to the 2012 U.S. card acquisition. See "Table 8: Financial & Statistical
      Summary Credit Card Business". Includes core deposit intangible
      amortization of $40 million in Q3 2013, $43 million in Q2 2013, and $49
      million in Q3 2012.
      Acquisition-related costs include transaction costs, legal and other
^(5)  professional or consulting fees, restructuring costs, and integration
      expense.
      Dividends and undistributed earnings allocated to participating
^(6)  securities and EPS are computed independently for each period.
      Accordingly, the sum of each quarter may not agree to the year-to-date
      total.
      Tangible book value per common share is a non-GAAP measure calculated
^(7)  based on tangible common equity divided by common shares outstanding.
      See "Table 13: Reconciliation of Non-GAAP Measures and Calculation of
      Regulatory Capital Measures Under Basel I" for additional information.
      Loans held for investment includes acquired loans accounted for based on
      cash flows expected to be collected. We use the term "acquired loans" to
      refer to a limited portion of the credit card loans acquired in the 2012
      U.S. card acquisition and the substantial majority of loans acquired in
      the ING Direct and Chevy Chase Bank ("CCB") acquisitions, which were
^(8)  recorded at fair value at acquisition and subsequently accounted for
      based on estimated cash flows expected to be collected over the life of
      the loans (under the accounting standard formerly known as "SOP 03-3").
      See "Table 12: Notes to Loan and Business Segment Disclosures (Tables
      7- 11)" for information on the amount of acquired loans for each of the
      periods presented.
^(9)  Calculated based on annualized total net revenue for the period divided
      by average interest-earning assets for the period.
^(10) Calculated based on annualized net interest income for the period
      divided by average interest-earning assets for the period.
^(11) Calculated based on annualized income from continuing operations, net of
      tax, for the period divided by average total assets for the period.
      Calculated based on annualized income from continuing operations, net of
^(12) tax, for the period divided by average tangible assets for the period.
      See "Table 13: Reconciliation of Non-GAAP Measures and Calculation of
      Regulatory Capital Measures Under Basel I" for additional information.
      Calculated based on the annualized sum of (i) income from continuing
      operations, net of tax; (ii) less dividends and undistributed earnings
^(13) allocated to participating securities; (iii) less preferred stock
      dividends, for the period, divided by average common equity. Our
      calculation of return on average common equity may not be comparable to
      similarly titled measures reported by other companies.
      Calculated as the annualized sum of (i) income from continuing
      operations, net of tax; (ii) less dividends and undistributed earnings
      allocated to participating securities; (iii) less preferred stock
^(14) dividends, for the period, divided by average tangible common equity.
      Our calculation of return on average tangible common equity may not be
      comparable to similarly titled measures reported by other companies. See
      "Table 13: Reconciliation of Non-GAAP Measures and Calculation of
      Regulatory Capital Measures Under Basel I" for additional information.
^(15) Calculated based on annualized non-interest expense for the period
      divided by average loans held for investment for the period.
^(16) Calculated based on non-interest expense, excluding goodwill impairment
      charges, for the period divided by total net revenue for the period.
^(17) Calculated based on annualized net charge-offs for the period divided by
      average loans held for investment for the period.
      The 30+ day delinquency rate as of the end of Q3 2013 will be provided
^(18) in the Quarterly Report on Form 10-Q for the period ended September 30,
      2013.
      Capital ratios are calculated under Basel I. Ratios as of the end of Q3
      2013 are preliminary and therefore subject to change. TCE ratio is a
^(19) non-GAAP capital ratio. See "Table 13: Reconciliation of Non-GAAP
      Measures and Calculation of Regulatory Capital Measures Under Basel I"
      for information on the calculation of each of these ratios.
      A bargain purchase gain of $594 million was recognized in earnings in Q1
      2012 attributable to the February 17, 2012 acquisition of ING Direct.
^(20) The bargain purchase gain represents the excess of the fair value of the
      net assets acquired in the ING Direct acquisition as of the acquisition
      date over the consideration transferred.



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 6: Average Balances, Net Interest Income and Net Interest Margin^(1)
                      2013 Q3                                           2013 Q2                                            2012 Q3
(Dollars in           Average     Interest            Yield/Rate^(2)    Average     Interest            Yield/Rate^(2)     Average     Interest            Yield/Rate^(2)
millions)(unaudited)  Balance     Income/Expense^(2)                    Balance     Income/Expense^(2)                     Balance     Income/Expense^(2)
Interest-earning
assets:
Loans, including      $ 195,839   $     4,579         9.35           %  $ 196,874   $    4,596          9.34            %  $ 203,463   $    4,903          9.64            %
loans held for sale
Investment            63,317      396                 2.50              63,907      391                 2.45               57,928      335                 2.31
securities^(3)
Cash equivalents and  5,640       23                  1.63              5,763       23                  1.60               5,412       16                  1.18
other
Total
interest-earning      $ 264,796   $     4,998         7.55           %  $ 266,544   $    5,010          7.52            %  $ 266,803   $    5,254          7.88            %
assets
Interest-bearing
liabilities:
Interest-bearing      $ 186,752   $     309           0.66           %  $ 189,311   $    318            0.67            %  $ 193,700   $    371            0.77            %
deposits
Securitized debt      10,243      42                  1.64              10,942      45                  1.65               13,331      64                  1.92
obligations
Senior and            12,314      76                  2.47              12,692      82                  2.58               11,035      85                  3.08
subordinated notes
Other borrowings      13,798      11                  0.32              13,281      12                  0.36               12,085      88                  2.91
Total
interest-bearing      $ 223,107   $     438           0.79           %  $ 226,226   $    457            0.81            %  $ 230,151   $    608            1.06            %
liabilities
Net interest                      $     4,560         6.76           %              $    4,553          6.71            %              $    4,646          6.82            %
income/spread
Impact of
non-interest bearing                                  0.13                                              0.12                                               0.15
funding
Net interest margin                                   6.89           %                                  6.83            %                                  6.97            %
                                                                        Nine Months Ended September 30,
                                                                        2013                                               2012
(Dollars in                                                             Average     Interest            Yield/Rate^(2)    Average     Interest            Yield/Rate^(2)
millions)(unaudited)                                                    Balance     Income/Expense^(2)                     Balance     Income/Expense^(2)
Interest-earning
assets:
Loans, including                                                        $ 197,701   $    13,824         9.32            %  $ 183,542   $    12,817         9.31            %
loans held for sale
Investment                                                              63,725      1,161               2.43               55,158      968                 2.34
securities^(3)
Cash equivalents and                                                    6,164       74                  1.60               8,762       64                  0.97
other
Total
interest-earning                                                        $ 267,590   $    15,059         7.50            %  $ 247,462   $    13,849         7.46            %
assets
Interest-bearing
liabilities:
Interest-bearing                                                        $ 188,877   $    953            0.67            %  $ 180,372   $    1,055          0.78            %
deposits
Securitized debt                                                        10,975      143                 1.74               14,816      213                 1.92
obligations
Senior and                                                              12,331      240                 2.60               10,839      260                 3.20
subordinated notes
Other borrowings                                                        14,955      40                  0.36               10,301      260                 3.37
Total
interest-bearing                                                        $ 227,138   $    1,376          0.81            %  $ 216,328   $    1,788          1.10            %
liabilities
Net interest                                                                        $    13,683         6.69            %              $    12,061         6.36            %
income/spread
Impact of
non-interest bearing                                                                                    0.13                                               0.14
funding
Net interest margin                                                                                     6.82            %                                  6.50            %
^(1) Certain prior period amounts have been reclassified to conform to the current period presentation.
^(2) Interest income and interest expense and the calculation of average yields on interest-earning assets and average rates on interest-bearing liabilities include the
impact of hedge accounting.
^(3) Prior to Q2 2013, average balances for investment securities were calculated based on fair value amounts. Effective Q2 2013, average balances are calculated based on
the amortized cost of investment securities. The impact of this change on prior period yields is not material.



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 7: Loan Information and Performance Statistics^(1)(2)
                                        2013         2013         2012
(Dollars in millions)(unaudited)        Q3           Q2           Q3
Period-end Loans Held For Investment
Credit card:
Domestic credit card                    $ 69,936     $ 70,490     $ 80,621
International credit card               8,031        7,820        8,412
Total credit card                       77,967       78,310       89,033
Consumer banking:
Automobile                              30,803       29,369       26,434
Home loan                               36,817       39,163       46,275
Retail banking                          3,665        3,686        4,029
Total consumer banking                  71,285       72,218       76,738
Commercial banking:
Commercial and multifamily real estate  19,523       18,570       16,963
Commercial and industrial               21,848       21,170       18,965
Total commercial lending                41,371       39,740       35,928
Small-ticket commercial real estate     1,028        1,065        1,281
Total commercial banking                42,399       40,805       37,209
Other loans                             163          179          152
Total                                   $ 191,814    $ 191,512    $ 203,132
Average Loans Held For Investment
Credit card:
Domestic credit card                    $ 69,947     $ 69,966     $ 80,502
International credit card               7,782        7,980        8,154
Total credit card                       77,729       77,946       88,656
Consumer banking:
Automobile                              30,157       28,677       25,923
Home loan                               37,852       40,532       47,262
Retail banking                          3,655        3,721        4,086
Total consumer banking                  71,664       72,930       77,271
Commercial banking:
Commercial and multifamily real estate  19,047       18,084       16,654
Commercial and industrial               21,491       20,332       18,817
Total commercial lending                40,538       38,416       35,471
Small-ticket commercial real estate     1,038        1,096        1,296
Total commercial banking                41,576       39,512       36,767
Other loans                             166          174          162
Total                                   $ 191,135    $ 190,562    $ 202,856
Net Charge-off Rates
Credit card:
Domestic credit card                    3.67       % 4.28       % 3.04       %
International credit card               4.71         5.08         4.95
Total credit card                       3.78         4.36         3.22
Consumer banking:
Automobile                              2.01         1.28         1.79
Home loan                               0.06         0.03         0.28
Retail banking                          1.38         1.50         1.20
Total consumer banking                  0.95         0.60         0.83
Commercial banking:
Commercial and multifamily real estate  (0.11)       0.04         (0.05)
Commercial and industrial               0.18         0.03         —
Total commercial lending                0.04         0.03         (0.03)
Small-ticket commercial real estate     1.26         0.45         0.79
Total commercial banking                0.07         0.04         —
Other loans                             12.17        13.10        30.11
Total                                   1.92       % 2.03       % 1.75       %
30+ Day Performing Delinquency Rates
Credit card:
Domestic credit card                    3.46       % 3.05       % 3.52       %
International credit card               3.86         3.84         4.92
Total credit card                       3.51       % 3.13       % 3.65       %
Consumer banking:
Automobile                              6.29       % 6.03       % 6.12       %
Home loan                               0.14         0.12         0.15
Retail banking                          0.68         0.68         0.73
Total consumer banking                  2.82       % 2.55       % 2.23       %
Nonperforming Asset Rates^(3)
Credit card:
International credit card               1.16       % 1.20       % —          %
Total credit card                       0.12       % 0.12       % —          %
Consumer banking:
Automobile                              0.58       % 0.50       % 0.52       %
Home loan                               1.08         1.08         0.98
Retail banking                          1.10         1.11         2.25
Total consumer banking                  0.87       % 0.84       % 0.89       %
Commercial banking:
Commercial and multifamily real estate  0.40       % 0.56       % 1.04       %
Commercial and industrial               0.65         0.65         0.68
Total commercial lending                0.53       % 0.61       % 0.85       %
Small-ticket commercial real estate     1.49         1.11         1.49
Total commercial banking                0.56       % 0.62       % 0.87       %



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 8: Financial & Statistical Summary—Credit Card Business^(1)(2)
                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q3          Q2          Q3
Credit Card
Earnings:
Net interest income                        $ 2,757     $ 2,804     $ 2,991
Non-interest income                        834         832         826
Total net revenue                          3,591       3,636       3,817
Provision for credit losses                617         713         892
Non-interest expense                       1,904       1,819       1,790
Income (loss) from continuing operations   1,070       1,104       1,135
before taxes
Income tax provision (benefit)             376         385         394
Income (loss) from continuing operations,  $ 694       $ 719       $ 741
net of tax
Selected performance metrics:
Period-end loans held for investment       $ 77,967    $ 78,310    $ 89,033
Average loans held for investment          77,729      77,946      88,656
Average yield on loans held for            15.72     % 15.94     % 15.03     %
investment^(4)
Total net revenue margin^(5)               18.48       18.66       17.22
Net charge-off rate                        3.78        4.36        3.22
30+ day performing delinquency rate        3.51        3.13        3.65
30+ day delinquency rate^(6)               **          3.22        3.65
Nonperforming loan rate^(3)                0.12        0.12        —
Card loan premium amortization and other   $ 45        $ 57        $ 82
intangible accretion^(7)
PCCR intangible amortization               106         110         131
Purchase volume^(8)                        50,943      50,788      48,020
Domestic Card
Earnings:
Net interest income                        $ 2,492     $ 2,536     $ 2,715
Non-interest income                        749         737         722
Total net revenue                          3,241       3,273       3,437
Provision for credit losses                529         647         811
Non-interest expense                       1,713       1,635       1,584
Income (loss) from continuing operations   999         991         1,042
before taxes
Income tax provision (benefit)             355         353         369
Income (loss) from continuing operations,  $ 644       $ 638       $ 673
net of tax
Selected performance metrics:
Period-end loans held for investment       $ 69,936    $ 70,490    $ 80,621
Average loans held for investment          69,947      69,966      80,502
Average yield on loans held for            15.65     % 15.91     % 14.88     %
investment^(4)
Total net revenue margin^(5)               18.53       18.71       17.08
Net charge-off rate                        3.67        4.28        3.04
30+ day performing delinquency rate        3.46        3.05        3.52
30+ day delinquency rate^(6)               **          3.05        3.52
Purchase volume^(8)                        $ 47,420    $ 47,273    $ 44,552
International Card
Earnings:
Net interest income                        $ 265       $ 268       $ 276
Non-interest income                        85          95          104
Total net revenue                          350         363         380
Provision for credit losses                88          66          81
Non-interest expense                       191         184         206
Income (loss) from continuing operations   71          113         93
before taxes
Income tax provision (benefit)             21          32          25
Income (loss) from continuing operations,  $ 50        $ 81        $ 68
net of tax
Selected performance metrics:
Period-end loans held for investment       $ 8,031     $ 7,820     $ 8,412
Average loans held for investment          7,782       7,980       8,154
Average yield on loans held for            16.35     % 16.19     % 16.47     %
investment
Total net revenue margin                   17.99       18.20       18.64
Net charge-off rate                        4.71        5.08        4.95
30+ day performing delinquency rate        3.86        3.84        4.92
30+ day delinquency rate^(6)               **          4.79        4.92
Nonperforming loan rate^(3)                1.16        1.20        —
Purchase volume^(8)                        $ 3,523     $ 3,515     $ 3,468



CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 9: Financial & Statistical Summary—Consumer Banking Business^(1)(2)
                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q3          Q2          Q3
Consumer Banking
Earnings:
Net interest income                        $ 1,481     $ 1,478     $ 1,501
Non-interest income                        184         189         260
Total net revenue                          1,665       1,667       1,761
Provision for credit losses                202         67          202
Non-interest expense                       927         910         977
Income from continuing operations before   536         690         582
taxes
Income tax provision                       191         246         206
Income from continuing operations, net of  $ 345       $ 444       $ 376
tax
Selected performance metrics:
Period-end loans held for investment       $ 71,285    $ 72,218    $ 76,738
Average loans held for investment          71,664      72,930      77,271
Average yield on loans held for            6.21      % 5.99      % 6.05      %
investment
Auto loan originations                     $ 4,752     $ 4,525     $ 3,905
Period-end deposits                        168,437     169,789     173,100
Average deposits                           169,082     170,733     173,334
Deposit interest expense rate              0.63      % 0.64      % 0.71      %
Core deposit intangible amortization       $ 34        $ 35        $ 41
Net charge-off rate                        0.95      % 0.60      % 0.83      %
30+ day performing delinquency rate        2.82        2.55        2.23
30+ day delinquency rate^(6)               **          3.15        2.91
Nonperforming loan rate                    0.79        0.78        0.84
Nonperforming asset rate^(3)               0.87        0.84        0.89
Period-end loans serviced for others       $ 14,043    $ 14,313    $ 15,659



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 10: Financial & Statistical Summary—Commercial Banking Business^(1)(2)
                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q3          Q2          Q3
Commercial Banking
Earnings:
Net interest income                        $ 480       $ 457       $ 432
Non-interest income                        87          93          87
Total net revenue^(9)                      567         550         519
Provision for credit losses                31          (14)        (87)
Non-interest expense                       266         269         253
Income from continuing operations before   270         295         353
taxes
Income tax provision                       96          105         125
Income from continuing operations, net of  $ 174       $ 190       $ 228
tax
Selected performance metrics:
Period-end loans held for investment       $ 42,399    $ 40,805    $ 37,209
Average loans held for investment          41,576      39,512      36,767
Average yield on loans held for            3.87      % 3.84      % 4.14      %
investment
Period-end deposits                        $ 30,592    $ 30,869    $ 28,670
Average deposits                           30,685      30,746      28,063
Deposit interest expense rate              0.27      % 0.26      % 0.31      %
Core deposit intangible amortization       $ 6         $ 8         $ 8
Net charge-off rate                        0.07      % 0.04      % —         %
Nonperforming loan rate                    0.47        0.60        0.82
Nonperforming asset rate^(3)               0.56        0.62        0.87
Risk category:^(10)
Noncriticized                              $ 40,940    $ 39,168    $ 35,112
Criticized performing                      968         1,087       1,394
Criticized nonperforming                   201         244         305
Total risk-rated loans                42,109      40,499      36,811
Acquired commercial loans                  290         306         398
Total commercial loans                $ 42,399    $ 40,805    $ 37,209
% of period-end commercial loans held for
investment:
Noncriticized                              96.5      % 96.0      % 94.4      %
Criticized performing                      2.3         2.7         3.7
Criticized nonperforming                   0.5         0.6         0.8
Total risk-rated loans                99.3        99.3        98.9
Acquired commercial loans                  0.7         0.7         1.1
Total commercial loans                100.0     % 100.0     % 100.0     %



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 11: Financial & Statistical Summary—Other and Total^(1)(2)
                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q3          Q2          Q3
Other
Earnings:
Net interest expense                       $ (158)     $ (186)     $ (278)
Non-interest income                        (14)        (29)        (37)
Total net revenue                          (172)       (215)       (315)
Provision for credit losses                (1)         (4)         7
Non-interest expense                       50          61          25
Income (loss) from continuing operations   (221)       (272)       (347)
before taxes
Income tax benefit                         (138)       (155)       (190)
Income (loss) from continuing operations,  $ (83)      $ (117)     $ (157)
net of tax
Selected performance metrics:
Period-end loans held for investment       $ 163       $ 179       $ 152
Average loans held for investment          166         174         162
Period-end deposits                        7,805       9,207       11,485
Average deposits                           8,573       9,171       11,926
Total
Earnings:
Net interest income                        $ 4,560     $ 4,553     $ 4,646
Non-interest income                        1,091       1,085       1,136
Total net revenue                          5,651       5,638       5,782
Provision for credit losses                849         762         1,014
Non-interest expense                       3,147       3,059       3,045
Income from continuing operations before   1,655       1,817       1,723
taxes
Income tax provision                       525         581         535
Income from continuing operations, net of  $ 1,130     $ 1,236     $ 1,188
tax
Selected performance metrics:
Period-end loans held for investment       $ 191,814   $ 191,512   $ 203,132
Average loans held for investment          191,135     190,562     202,856
Period-end deposits                        206,834     209,865     213,255
Average deposits                           208,340     210,650     213,323



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 12: Notes to Loan and Business Segment Disclosures (Tables 7 — 11)
^(1) Certain prior period amounts have been reclassified to conform to the
current period presentation.
^(2) Loans acquired as part of the ING Direct, CCB, and the 2012 U.S. card
acquisitions are included in the denominator used in calculating our reported
credit quality metrics. We therefore present certain reported credit quality
metrics, adjusted to exclude from the denominator acquired loans accounted for
based on estimated cash flows expected to be collected over the life of the
loans (formerly SOP 03-3). The table below presents amounts related to
acquired loans accounted for under SOP 03-3.
                          2013                 2013               2012
(Dollars in
millions)                 Q3                   Q2                 Q3
(unaudited)
Acquired loans
accounted for under
SOP 03-3:
Period-end unpaid         $    31,377          $   33,620         $  40,749
principal balance
Period-end loans          30,080               32,275             39,388
held for investment
Average loans held        30,713               33,144             40,158
for investment
^(3) Nonperforming assets consist of nonperforming loans, real estate owned
("REO") and other foreclosed assets. The nonperforming asset ratios are
calculated based on nonperforming assets for each category divided by the
combined period-end total of loans held for investment, REO and other
foreclosed assets for each respective category. The nonperforming loan ratios
are calculated based on nonperforming loans for each category divided by
period-end loans held for investment for each respective category.
^(4) The transfer of the Best Buy Stores, L.P. ("Best Buy") portfolio to held
for sale resulted in an increase in the average yield for Domestic Card and
Total Card of 121 basis points and 110 basis points, respectively, in Q3 2013
and 168 basis points and 152 basis points, respectively, in Q2 2013. The sale
of the Best Buy portfolio to Citi Bank, N.A was completed on September 6,
2013.
^(5) The transfer of the Best Buy portfolio to held for sale resulted in an
increase in the net revenue margin for Domestic Card and Total Card of 136
basis points  and  123 basis points, respectively, in Q3 2013 and 188 basis
points and 169 basis points, respectively, in Q2 2013. The sale of the Best
Buy portfolio to Citi Bank, N.A was completed on September 6, 2013.
^(6) The 30+ day delinquency rate as of the end of Q3 2013 will be provided in
our Quarterly Report on Form 10-Q for the period ended September 30, 2013.
^(7) Represents the net reduction in interest income attributable to non-SOP
03-3 card loan premium amortization and other intangible accretion associated
with the 2012 U.S. card acquisition.
^(8) Includes credit card purchase transactions, net of returns. Excludes cash
advance transactions.
^(9) Because some of our tax-related commercial investments generate
tax-exempt income or tax credits, we make certain reclassifications within our
Commercial Banking business results to present revenues on a
taxable-equivalent basis, calculated assuming an effective tax rate
approximately equal to our federal statutory tax rate of 35%.
^(10) Criticized exposures correspond to the "Special Mention," "Substandard"
and "Doubtful" asset categories defined by bank regulatory authorities.



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 13: Reconciliation of Non-GAAP Measures and Calculation of Regulatory
Capital Measures Under Basel I
In addition to disclosing regulatory capital measures under Basel I, we also
report certain non-GAAP capital measures that management uses in assessing its
capital adequacy. These non-GAAP measures include average tangible assets,
average tangible common equity, tangible common equity ("TCE") and TCE ratio.
The table below provides the details of the calculation of our Basel I
regulatory capital and non-GAAP capital measures. While our non-GAAP capital
measures are widely used by investors, analysts and bank regulatory agencies
to assess the capital position of financial services companies, they may not
be comparable to similarly titled measures reported by other companies.
                             2013              2013             2012
(Dollars in                  Q3                Q2               Q3
millions)(unaudited)
Average Equity to
Non-GAAP Average Tangible
Common Equity
Average total                $   41,284        $  41,579        $  38,535
stockholders' equity
Adjustments: Average
goodwill and other           (15,829)          (15,974)         (16,408)
intangible assets ^(1)
Noncumulative perpetual      (853)             (853)            (456)
preferred stock^(2)
Average tangible common      $   24,602        $  24,752        $  21,671
equity^(3)
Stockholders' Equity to
Non-GAAP Tangible Common
Equity
Total stockholders'          $   41,750        $  41,041        $  39,672
equity
Adjustments: Goodwill
and other intangible         (15,760)          (15,872)         (16,323)
assets ^(1)
Noncumulative perpetual      (853)             (853)            (853)
preferred stock^(2)
Tangible common              $   25,137        $  24,316        $  22,496
equity^(3)
Total Assets to Tangible
Assets
Total assets                 $   289,888       $  296,542       $  301,989
Adjustments: Goodwill
and other intangible         (15,760)          (15,872)         (16,323)
assets^(1)
Tangible assets              $   274,128       $  280,670       $  285,666
Total Average Assets to
Average Tangible Assets
Average total assets         $   294,939       $  297,766       $  297,154
Adjustments: Average
goodwill and other           (15,829)          (15,974)         (16,408)
intangible assets ^(1)
Average tangible assets      $   279,110       $  281,792       $  280,746
Non-GAAP TCE Ratio
Tangible common              $   25,137        $  24,316        $  22,496
equity^(3)
Tangible assets              274,128           280,670          285,666
TCE ratio^(3)                9.2            %  8.7           %  7.9          %
Regulatory Capital
Ratios^(4)
Total stockholders'          $   41,750        $  41,041        $  39,672
equity
Adjustments: Net
unrealized gains on AFS      736               503              (752)
securities recorded in
AOCI^(5)
Net (gains) losses on
cash flow hedges recorded    123               175              (6)
in AOCI^(5)
Disallowed goodwill and      (14,263)          (14,309)         (14,497)
other intangible assets
Disallowed deferred tax      —                 —                (221)
assets
Noncumulative perpetual      (853)             (853)            (853)
preferred stock^(2)
Other                        (5)               (5)              (12)
Tier 1 common capital        27,488            26,552           23,331
Adjustments:
Noncumulative perpetual      853               853              853
preferred stock^(2)
Tier 1 restricted core       2                 2                3,636
capital items^(6)
Tier 1 capital               28,343            27,407           27,820
Adjustments: Long-term
debt qualifying as Tier 2    1,909             2,104            2,119
capital
Qualifying allowance for     2,727             2,781            2,767
loan and lease losses
Other Tier 2 components      8                 12               17
Tier 2 capital               4,644             4,897            4,903
Total risk-based             $   32,987        $  32,304        $  32,723
capital^(7)
Risk-weighted assets^(8)     $   215,901       $  220,166       $  218,390
Tier 1 common ratio^(9)      12.7           %  12.1          %  10.7         %
Tier 1 risk-based capital    13.1              12.4             12.7
ratio^(10)
Total risk-based capital     15.3              14.7             15.0
ratio^(11)
^(1) Includes impact from related deferred taxes.
^(2) Noncumulative perpetual preferred stock qualifies for Tier 1 capital;
however, it is excluded from Tier 1 common capital.
^(3) TCE ratio is a non-GAAP measure calculated based on tangible common
equity divided by tangible assets.
^(4) Regulatory capital ratios as of the end of Q3 2013 are preliminary and
therefore subject to change.
^(5) Amounts presented are net of tax.
^(6) Consists primarily of trust preferred securities.
^(7) Total risk-based capital equals the sum of Tier 1 capital and Tier 2
capital.
^(8) Calculated based on prescribed regulatory guidelines.
^(9) Tier 1 common ratio is a regulatory measure calculated based on Tier 1
common capital divided by risk-weighted assets.
^(10) Tier 1 risk-based capital ratio is a regulatory capital measure
calculated based on Tier 1 capital divided by risk-weighted assets.
^(11) Total risk-based capital ratio is a regulatory capital measure
calculated based on total risk-based capital divided by risk-weighted assets.





SOURCE Capital One Financial Corporation

Website: http://www.capitalone.com
Contact: Investor Relations: Jeff Norris, 703.720.2455 or Danielle Dietz,
703.720.2455; Media Relations: Julie Rakes, 804.284.5800 or Tatiana Stead,
703.720.2352