Capital One Reports Fourth Quarter 2013 Net Income of $859 million, or $1.45 per share

 Capital One Reports Fourth Quarter 2013 Net Income of $859 million, or $1.45
                                  per share

PR Newswire

MCLEAN, Va., Jan. 16, 2014

MCLEAN, Va., Jan. 16, 2014 /PRNewswire/ --Capital One Financial Corporation
(NYSE: COF) today announced net income for the fourth quarter of 2013 of $859
million, or $1.45 per diluted common share, compared to the third quarter of
2013 with net income of $1.1 billion, or $1.86 per diluted common share, and
up from the fourth quarter of 2012 with net income of $843 million, or $1.41
per diluted common share. Net income for the full year 2013 was $4.2 billion,
or $6.96 per diluted common share, compared with net income of $3.5 billion,
or $6.16 per diluted common share, for 2012.

"Capital One delivered strong financial performance in 2013," said Richard D.
Fairbank, Chairman and CEO. "We remain focused on resilient growth,
disciplined cost management, and returning capital to shareholders in 2014."

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

Fourth Quarter 2013 Income Highlights:

  oTotal net revenue decreased 2 percent to $5.5 billion.
  oTotal non-interest expense increased 4 percent to $3.3 billion.
  oPre-provision earnings decreased 10 percent to $2.3 billion.
  oProvision for credit losses increased 13 percent to $957 million.

Fourth Quarter 2013 Balance Sheet Highlights:

  oTier 1 common ratio of 12.2 percent, down 50 basis points
  oNet interest margin of 6.73 percent, down 16 basis points
  oDomestic Card period-end loans increased $3.3 billion, or 5 percent, to
    $73.3 billion.
  oCommercial Banking period-end loans increased $2.6 billion, or 6 percent,
    to $45.0 billion.
  oConsumer Banking:

       oAutomobile period-end loans increased $1.1 billion, or 3 percent, to
         $31.9 billion.
       oHome loans period-end loans decreased $1.5 billion, or 4 percent, to
         $35.3 billion, driven by expected run-off of acquired portfolios.

  oAverage loans held for investment in the quarter increased $1.7 billion,
    or less than 1 percent, to $192.8 billion.

       oDomestic Card average loans increased $421 million, or less than 1
         percent, to $70.4 billion.
       oCommercial Banking average loans increased $1.8 billion, or 4
         percent, to $43.4 billion.
       oConsumer Banking:

            oAutomobileaverage loans increased $1.3 billion, or 4 percent,
              to $31.4 billion.
            oHome loans average loans decreased by $1.9 billion, or 5
              percent, to $36.0 billion, driven by expected run-off of
              acquired portfolios.

  oPeriod-end total deposits decreased $2.3 billion, or 1 percent, to $204.5
    billion, while average deposits declined $2.6 billion, or 1 percent, to
    $205.7 billion.
  oDeposit interest rates declined 3 basis points to 0.63 percent.

Detailed segment information will be available in the company's Annual Report
on Form 10-K for the year ended December 31, 2013.

Earnings Conference Call Webcast Information
The company will hold an earnings conference call on January 16, 2014, at 5:00
PM, Eastern Standard 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
January 30, 2014 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 $204.5 billion in deposits and $297 billion in total
assets as of December 31, 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
Fourth 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
 Table 5:  Notes to Financial & Selected Metrics and Consolidated         5
           Financial Statements (Tables 1 - 4)
 Table 6:  Average Balances, Net Interest Income and Net Interest Margin  6
 Table 7:  Loan Information and Performance Statistics                    7
Business Segment Detail
 Table 8:  Financial & Statistical Summary—Credit Card Business           8
 Table 9:  Financial & Statistical Summary—Consumer Banking Business      9
 Table 10: Financial & Statistical Summary—Commercial Banking Business    10
 Table 11: Financial & Statistical Summary—Other and Total                11
 Table 12: Notes to Loan and Business Segment Disclosures (Tables 7 - 11) 12
Other
 Table 13: Reconciliation of Non-GAAP Measures and Calculation of         13
           Regulatory Capital Measures 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 Annual Report on Form 10-K for the period ended
December 31, 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     Q4          Q3           Q4
data and as noted) (unaudited)
Earnings
Net interest income                        $ 4,423     $ 4,560      $ 4,528
Non-interest income^(2)                    1,121       1,091        1,096
Total net revenue^(3)                      5,544       5,651        5,624
Provision for credit losses                957         849          1,151
Non-interest expense:
Marketing                                  427         299          393
Amortization of intangibles^(4)            166         161          191
Acquisition-related^(5)                    60          37           69
Operating expenses                         2,627       2,650        2,602
Total non-interest expense                 3,280       3,147        3,255
Income from continuing operations before   1,307       1,655        1,218
income taxes
Income tax provision                       425         525          370
Income from continuing operations, net of  882         1,130        848
tax
Loss from discontinued operations, net of  (23)        (13)         (5)
tax^(2)
Net income                                 859         1,117        843
Dividends and undistributed earnings       (4)         (5)          (3)
allocated to participating securities^(6)
Preferred stock dividends^(6)              (13)        (13)         (15)
Net income available to common             $ 842       $ 1,099      $ 825
stockholders
Common Share Statistics
Basic EPS:^(6)
Net income from continuing operations,     $ 1.51      $ 1.91       $ 1.43
net of tax
Loss from discontinued operations, net of  (0.04)      (0.02)       (0.01)
tax
Net income available to common             $ 1.47      $ 1.89       $ 1.42
stockholders per common share
Diluted EPS:^(6)
Net income from continuing operations,     $ 1.48      $ 1.88       $ 1.42
net of tax
Loss from discontinued operations, net of  (0.03)      (0.02)       (0.01)
tax
Net income available to common             $ 1.45      $ 1.86       $ 1.41
stockholders per common share
Weighted average common shares
outstanding (in millions) for:
Basic EPS                                  573.4       582.3        579.2
Diluted EPS                                582.6       591.1        585.6
Common shares outstanding (period end, in  572.7       582.0        582.2
millions)
Dividends per common share                 $ 0.30      $ 0.30       $ 0.05
Tangible book value per common share       42.47       43.19        40.23
(period end)^(7)
Balance Sheet (Period End)
Loans held for investment^(8)              $ 197,199   $ 191,814    $ 205,889
Interest-earning assets                    265,170     259,152      280,096
Total assets                               297,048     289,888      312,918
Interest-bearing deposits                  181,880     184,553      190,018
Total deposits                             204,523     206,834      212,485
Borrowings                                 40,654      31,845       49,910
Common equity                              40,891      40,897       39,646
Total stockholders' equity                 41,744      41,750       40,499
Balance Sheet (Quarterly Average
Balances)
Loans held for investment^(8)              $ 192,813   $ 191,135    $ 202,944
Interest-earning assets                    262,957     264,796      277,886
Total assets                               294,108     294,939      308,096
Interest-bearing deposits                  184,206     186,752      192,122
Total deposits                             205,706     208,340      213,494
Borrowings                                 36,463      36,355       44,189
Common equity                              41,610      40,431       39,359
Total stockholders' equity                 42,463      41,284       40,212



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 2: Selected Metrics—Consolidated^(1)



                                              2013       2013       2012
(Dollars in millions, except per share data   Q4         Q3         Q4
and as noted) (unaudited)
Performance Metrics
Net interest income growth (quarter over      (3)      % —        % (3)      %
quarter)
Non-interest income growth (quarter over      3          1          (4)
quarter)
Total net revenue growth (quarter over        (2)        —          (3)
quarter)
Total net revenue margin^(9)                  8.43       8.54       8.10
Net interest margin^(10)                      6.73       6.89       6.52
Return on average assets^(11)                 1.20       1.53       1.10
Return on average tangible assets^(12)        1.27       1.62       1.16
Return on average common equity^(13)          8.32       11.00      8.44
Return on average tangible common             13.81      18.08      14.42
equity^(14)
Non-interest expense as a % of average loans  6.80       6.59       6.42
held for investment^(15)
Efficiency ratio^(16)                         59.16      55.69      57.88
Effective income tax rate for continuing      32.5       31.7       30.4
operations
Full-time equivalent employees (in            42.0       39.6       39.6
thousands), period end
Credit Quality Metrics^(8)
Allowance for loan and lease losses           $ 4,315    $ 4,333    $ 5,156
Allowance as a % of loans held for            2.19     % 2.26     % 2.50     %
investment
Allowance as a % of loans held for            2.54       2.66       3.02
investment (excluding acquired loans)
Net charge-offs                               $ 969      $ 917      $ 1,150
Net charge-off rate^(17)                      2.01     % 1.92     % 2.26     %
Net charge-off rate (excluding acquired      2.37       2.29       2.78
loans)^(17)
30+ day performing delinquency rate           2.63       2.54       2.70
30+ day performing delinquency rate           3.08       3.01       3.29
(excluding acquired loans)
30+ day delinquency rate                      2.96       2.88       3.09
30+ day delinquency rate (excluding acquired  3.46       3.41       3.77
loans)
Capital Ratios ^(18)
Tier 1 common ratio                           12.2     % 12.7     % 11.0     %
Tier 1 risk-based capital ratio               12.6       13.1       11.3
Total risk-based capital ratio                14.7       15.3       13.6
Tangible common equity ("TCE") ratio          8.7        9.2        7.9



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 3: Consolidated Statements of Income^(1)



                           Three Months Ended             Year Ended
                           December  September  December  December   December
                           31,       30,        31,       31,        31,
(Dollars in millions,
except per share data)     2013      2013       2012      2013       2012
(unaudited)
Interest income:
Loans, including loans     $ 4,398   $  4,579   $ 4,727   $ 18,222   $ 17,544
held for sale
Investment securities      414       396        361       1,575      1,329
Other                      27        23         27        101        91
Total interest income      4,839     4,998      5,115     19,898     18,964
Interest expense:
Deposits                   288       309        348       1,241      1,403
Securitized debt           40        42         58        183        271
obligations
Senior and subordinated    75        76         85        315        345
notes
Other borrowings           13        11         96        53         356
Total interest expense     416       438        587       1,792      2,375
Net interest income        4,423     4,560      4,528     18,106     16,589
Provision for credit       957       849        1,151     3,453      4,415
losses
Net interest income after
provision for credit       3,466     3,711      3,377     14,653     12,174
losses
Non-interest income:^(2)
Service charges and other  504       530        595       2,118      2,106
customer-related fees
Interchange fees, net      489       476        459       1,896      1,647
Net other-than-temporary
impairment losses          (1)       (11)       (12)      (41)       (52)
recognized in earnings
Bargain purchase           —         —          —         —          594
gain^(19)
Other                      129       96         54        305        512
Total non-interest income  1,121     1,091      1,096     4,278      4,807
Non-interest expense:
Salaries and associate     1,103     1,145      1,039     4,432      3,876
benefits
Occupancy and equipment    429       369        380       1,504      1,327
Marketing                  427       299        393       1,373      1,364
Professional services      347       320        354       1,303      1,270
Communications and data    218       224        205       885        778
processing
Amortization of            166       161        191       671        609
intangibles^(4)
Acquisition-related^(5)    60        37         69        193        336
Other                      530       592        624       2,153      2,386
Total non-interest         3,280     3,147      3,255     12,514     11,946
expense
Income from continuing
operations before income   1,307     1,655      1,218     6,417      5,035
taxes
Income tax provision       425       525        370       2,025      1,301
Income from continuing     882       1,130      848       4,392      3,734
operations, net of tax
Loss from discontinued
operations, net of         (23)      (13)       (5)       (233)      (217)
tax^(2)
Net income                 859       1,117      843       4,159      3,517
Dividends and
undistributed earnings
allocated to               (4)       (5)        (3)       (17)       (15)
participating
securities^(6)
Preferred stock            (13)      (13)       (15)      (53)       (15)
dividends^(6)
Net income available to    $ 842     $  1,099   $ 825     $ 4,089    $ 3,487
common stockholders
Basic earnings per common
share:^(6)
Net income from            $ 1.51    $  1.91    $ 1.43    $ 7.45     $ 6.60
continuing operations
Loss from discontinued     (0.04)    (0.02)     (0.01)    (0.40)     (0.39)
operations
Net income per basic       $ 1.47    $  1.89    $ 1.42    $ 7.05     $ 6.21
common share
Diluted earnings per
common share:^(6)
Net income from            $ 1.48    $  1.88    $ 1.42    $ 7.35     $ 6.54
continuing operations
Loss from discontinued     (0.03)    (0.02)     (0.01)    (0.39)     (0.38)
operations
Net income per diluted     $ 1.45    $  1.86    $ 1.41    $ 6.96     $ 6.16
common share
Weighted average common
shares outstanding (in
millions) for:
Basic EPS                  573.4     582.3      579.2     579.7      561.1
Diluted EPS                582.6     591.1      585.6     587.6      566.5
Dividends paid per common  $ 0.30    $  0.30    $ 0.05    $ 0.95     $ 0.20
share





CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 4: Consolidated Balance Sheets^(1)



                                     December 31,  September 30,  December 31,
(Dollars in millions)(unaudited)     2013          2013           2012
Assets:
Cash and cash equivalents:
Cash and due from banks              $  2,821      $  2,855       $  3,440
Interest-bearing deposits with       3,131         2,481          7,617
banks
Federal funds sold and securities
purchased under agreements to        339           382            1
resell
Total cash and cash equivalents      6,291         5,718          11,058
Restricted cash for securitization   874           390            428
investors
Securities available for sale, at    41,800        43,132         63,979
fair value
Securities held to maturity, at      19,132        18,276         9
carrying value
Loans held for investment:
Unsecuritized loans held for         157,651       152,332        162,059
investment
Restricted loans for securitization  39,548        39,482         43,830
investors
Total loans held for investment      197,199       191,814        205,889
Less: Allowance for loan and lease   (4,315)       (4,333)        (5,156)
losses
Net loans held for investment        192,884       187,481        200,733
Loans held for sale, at lower of     218           180            201
cost or fair value
Premises and equipment, net          3,839         3,792          3,587
Interest receivable                  1,418         1,304          1,694
Goodwill                             13,978        13,906         13,904
Other                                16,614        15,709         17,325
Total assets                         $  297,048    $  289,888     $  312,918
Liabilities:
Interest payable                     $  307        $  276         $  450
Customer deposits:
Non-interest bearing deposits        22,643        22,281         22,467
Interest-bearing deposits            181,880       184,553        190,018
Total customer deposits              204,523       206,834        212,485
Securitized debt obligations         10,289        9,544          11,398
Other debt:
Federal funds purchased and
securities loaned or sold under      915           1,686          1,248
agreements to repurchase
Senior and subordinated notes        13,134        12,395         12,686
Other borrowings                     16,316        8,220          24,578
Total other debt                     30,365        22,301         38,512
Other liabilities                    9,820         9,183          9,574
Total liabilities                    255,304       248,138        272,419
Stockholders' equity:
Preferred stock                      —             —              —
Common stock                         6             6              6
Additional paid-in capital, net      26,526        26,426         26,188
Retained earnings                    20,404        19,731         16,853
Accumulated other comprehensive      (872)         (839)          739
income ("AOCI")
Treasury stock, at cost              (4,320)       (3,574)        (3,287)
Total stockholders' equity           41,744        41,750         40,499
Total liabilities and stockholders'  $  297,048    $  289,888     $  312,918
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.

^(2)We recorded a provision for mortgage representation and warranty losses
of $33 million in Q4 2013. We recorded a benefit for mortgage representation
and warranty losses of $4 million in Q3 2013. We did not record a provision
for mortgage representation and warranty losses in Q4 2012. 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 both December 31, 2013 and September 30, 2013, and $899
million as of December 31, 2012.

^(3)Total net revenue was reduced by $185 million in Q4 2013, $154 million
in Q3 2013 and $318 million in Q4 2012 for the estimated uncollectible amount
of billed finance charges and fees.

^(4)Includes purchased credit card relationship ("PCCR") intangible
amortization of $102 million in Q4 2013, $106 million in Q3 2013 and $127
million in Q4 2012, the substantial majority of which is attributable to the
2012 U.S. card acquisition. Includes core deposit intangible amortization of
$38 million in Q4 2013, $40 million in Q3 2013 and $47 million in Q4 2012.

^(5)Acquisition-related costs include transaction costs, legal and other
professional or consulting fees, restructuring costs, and integration expense.

^(6)Dividends and undistributed earnings allocated to participating
securities, earnings per share, and preferred stock dividends are computed
independently for each period. Accordingly, the sum of each quarter may not
agree to the year-to-date total.

^(7)Tangible book value per common share is a non-GAAP measure calculated
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.

^(8)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 acquisitions, which were 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.

^(12)Calculated based on annualized income from continuing operations, net
of tax, for the period divided 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.

^(13)Calculated based on 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 dividends,
for the period, divided by average common equity for the period. Our
calculation of return on average common equity may not be comparable to
similarly titled measures reported by other companies.

^(14)Calculated based on 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 dividends,
for the period, divided by average tangible common equity for the period. 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 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.

^(18)Capital ratios are calculated under Basel I. Ratios as of the end of Q4
2013 are preliminary and therefore subject to change. TCE ratio is a non-GAAP
measure. 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.

^(19)A bargain purchase gain of $594 million was recognized in earnings in
Q1 2012 attributable to the February 17, 2012 acquisition of ING Direct. 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 Q4                              2013 Q3                              2012 Q4
                                  Interest                            Interest                             Interest
                      Average                              Average                  Yield/      Average                  Yield/
(Dollars in                       Income/      Yield/      Balance     Income/                              Income/
millions)(unaudited)  Balance                                                       Rate^(2)    Balance                  Rate^(2)
                                  Expense^(2)  Rate^(2)                Expense^(2)                          Expense^(2)
Interest-earning
assets:
Loans, including      $ 193,368   $  4,398     9.10     %  $ 195,839   $  4,579     9.35     %  $ 203,132   $  4,727     9.31     %
loans held for sale
Investment            62,919      414          2.63        63,317      396          2.50        64,174      361          2.25
securities^(3)
Cash equivalents and  6,670       27           1.62        5,640       23           1.63        10,580      27           1.02
other
Total
interest-earning      $ 262,957   $  4,839     7.36     %  $ 264,796   $  4,998     7.55     %  $ 277,886   $  5,115     7.36     %
assets
Interest-bearing
liabilities:
Interest-bearing
deposits              $ 184,206   $  288       0.63     %  $ 186,752   $  309       0.66     %  $ 192,122   $  348       0.72     %


Securitized debt      9,873       40           1.62        10,243      42           1.64        12,119      58           1.91
obligations
Senior and            12,765      75           2.35        12,314      76           2.47        11,528      85           2.95
subordinated notes
Other borrowings      13,825      13           0.38        13,798      11           0.32        20,542      96           1.87
Total
interest-bearing      $ 220,669   $  416       0.75     %  $ 223,107   $  438       0.79     %  $ 236,311   $  587       0.99     %
liabilities
Net interest                      $  4,423     6.61     %              $  4,560     6.76     %              $  4,528     6.37     %
income/spread
Impact of
non-interest bearing                           0.12                                 0.13                                 0.15
funding
Net interest margin                            6.73     %                           6.89     %                           6.52     %
                                                           

                                                           Year Ended December 31,
                                                           2013                                 2012
                                                           Average     Interest     Yield/     Average     Interest     Yield/
(Dollars in                                                Balance     Income/      Rate^(2)    Balance     Income/      Rate^(2)
millions)(unaudited)                                                   Expense^(2)                          Expense^(2)
Interest-earning
assets:
Loans, including                                           $ 196,609   $  18,222    9.27     %  $ 188,466   $  17,544    9.31     %
loans held for sale
Investment                                                 63,522      1,575        2.48        57,424      1,329        2.31
securities^(3)
Cash equivalents and                                       6,292       101          1.61        9,189       91           0.99
other
Total
interest-earning                                           $ 266,423   $  19,898    7.47     %  $ 255,079   $  18,964    7.43     %
assets
Interest-bearing
liabilities:
Interest-bearing                                           $ 187,700   $  1,241     0.66     %  $ 183,314   $  1,403     0.77     %
deposits
Securitized debt                                           10,697      183          1.71        14,138      271          1.92
obligations
Senior and                                                 12,440      315          2.53        11,012      345          3.13
subordinated notes
Other borrowings                                           14,670      53           0.36        12,875      356          2.77
Total
interest-bearing                                           $ 225,507   $  1,792     0.79     %  $ 221,339   $  2,375     1.07     %
liabilities
Net interest                                                           $  18,106    6.68     %              $  16,589    6.36     %
income/spread
Impact of
non-interest bearing                                                                0.12                                 0.14
funding
Net interest margin                                                                 6.80     %                           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)       Q4            Q3           Q4
Period-end Loans Held For Investment
Credit card:
Domestic credit card                   $ 73,255      $ 69,936     $ 83,141
International credit card              8,050         8,031        8,614
Total credit card                      81,305        77,967       91,755
Consumer banking:
Automobile                             31,857        30,803       27,123
Home loan                              35,282        36,817       44,100
Retail banking                         3,623         3,665        3,904
Total consumer banking                 70,762        71,285       75,127
Commercial banking:
Commercial and multifamily real        20,750        19,523       17,732
estate
Commercial and industrial              23,309        21,848       19,892
Total commercial lending               44,059        41,371       37,624
Small-ticket commercial real estate    952           1,028        1,196
Total commercial banking               45,011        42,399       38,820
Other loans                            121           163          187
Total                                  $  197,199    $ 191,814    $ 205,889
Average Loans Held For Investment
Credit card:
Domestic credit card                   $ 70,368      $ 69,947     $ 80,718
International credit card              7,899         7,782        8,372
Total credit card                      78,267        77,729       89,090
Consumer banking:
Automobile                             31,424        30,157       26,881
Home loan                              35,974        37,852       45,250
Retail banking                         3,635         3,655        3,967
Total consumer banking                 71,033        71,664       76,098
Commercial banking:
Commercial and multifamily real        19,928        19,047       17,005
estate
Commercial and industrial              22,445        21,491       19,344
Total commercial lending               42,373        40,538       36,349
Small-ticket commercial real estate    986           1,038        1,249
Total commercial banking               43,359        41,576       37,598
Other loans                            154           166          158
Total                                  $ 192,813     $ 191,135    $ 202,944
Net Charge-off Rates
Credit card:
Domestic credit card                   3.89        % 3.67       % 4.35       %
International credit card              4.74          4.71         3.99
Total credit card                      3.98          3.78         4.32
Consumer banking:
Automobile                             2.30          2.01         2.24
Home loan                              0.03          0.06         (0.06)
Retail banking                         1.09          1.38         2.45
Total consumer banking                 1.09          0.95         0.88
Commercial banking:
Commercial and multifamily real        (0.11)        (0.11)       (0.08)
estate
Commercial and industrial              0.04          0.18         0.13
Total commercial lending               (0.03)        0.04         0.03
Small-ticket commercial real estate    (0.81)        1.26         2.02
Total commercial banking               (0.05)        0.07         0.10
Other loans                            4.68          12.17        24.23
Total                                  2.01        % 1.92       % 2.26       %
30+ Day Performing Delinquency Rates
Credit card:
Domestic credit card                   3.43        % 3.46       % 3.61       %
International credit card              3.71          3.86         3.58
Total credit card                      3.46        % 3.51       % 3.61       %
Consumer banking:
Automobile                             6.85        % 6.29       % 7.00       %
Home loan                              0.16          0.14         0.13
Retail banking                         0.69          0.68         0.76
Total consumer banking                 3.20        % 2.82       % 2.65       %
Nonperforming Asset Rates^(3)
Credit card:
International credit card              1.10        % 1.16       % 1.16       %
Total credit card                      0.11        % 0.12       % 0.11       %
Consumer banking:
Automobile^(10)                        1.11        % 0.92       % 0.95       %
Home loan                              1.14          1.08         1.00
Retail banking                         1.13          1.10         1.85
Total consumer banking                 1.12        % 1.01       % 1.02       %
Commercial banking:
Commercial and multifamily real        0.29        % 0.40       % 0.82       %
estate
Commercial and industrial              0.44          0.65         0.72
Total commercial lending               0.37        % 0.53       % 0.77       %
Small-ticket commercial real estate    0.43          1.49         0.97
Total commercial banking               0.37        % 0.56       % 0.77       %



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 8: Financial & Statistical Summary—Credit Card Business^(1)(2)



                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q4          Q3          Q4
Credit Card
Earnings:
Net interest income                        $ 2,576     $ 2,757     $ 2,849
Non-interest income                        833         834         883
Total net revenue                          3,409       3,591       3,732
Provision for credit losses                751         617         1,000
Non-interest expense                       1,868       1,904       1,933
Income from continuing operations before   790         1,070       799
taxes
Income tax provision                       274         376         279
Income from continuing operations, net of  $ 516       $ 694       $ 520
tax
Selected performance metrics:
Period-end loans held for investment       $ 81,305    $ 77,967    $ 91,755
Average loans held for investment          78,267      77,729      89,090
Average yield on loans held for            14.64     % 15.72     % 14.33     %
investment^(4)
Total net revenue margin^(5)               17.43       18.48       16.76
Net charge-off rate                        3.98        3.78        4.32
30+ day performing delinquency rate        3.46        3.51        3.61
30+ day delinquency rate                   3.54        3.60      % 3.69
Nonperforming loan rate^(3)                0.11        0.12        0.11
Card loan premium amortization and other   $ 39        $ 45        $ 65
intangible accretion^(6)
PCCR intangible amortization               102         106         127
Purchase volume^(7)                        54,245      50,943      52,853
Domestic Card
Earnings:
Net interest income                        $ 2,303     $ 2,492     $ 2,583
Non-interest income                        747         749         798
Total net revenue                          3,050       3,241       3,381
Provision for credit losses                679         529         911
Non-interest expense                       1,664       1,713       1,727
Income from continuing operations before   707         999         743
taxes
Income tax provision                       252         355         263
Income from continuing operations, net of  $ 455       $ 644       $ 480
tax
Selected performance metrics:
Period-end loans held for investment       $ 73,255    $ 69,936    $ 83,141
Average loans held for investment          70,368      69,947      80,718
Average yield on loans held for            14.44     % 15.65     % 14.20     %
investment^(4)
Total net revenue margin^(5)               17.34       18.53       16.75
Net charge-off rate                        3.89        3.67        4.35
30+ day performing delinquency rate        3.43        3.46        3.61
30+ day delinquency rate                   3.43        3.46      % 3.61
Purchase volume^(7)                        $ 50,377    $ 47,420    $ 48,918
International Card
Earnings:
Net interest income                        $ 273       $ 265       $ 266
Non-interest income                        86          85          85
Total net revenue                          359         350         351
Provision for credit losses                72          88          89
Non-interest expense                       204         191         206
Income from continuing operations before   83          71          56
taxes
Income tax provision                       22          21          16
Income from continuing operations, net of  $ 61        $ 50        $ 40
tax
Selected performance metrics:
Period-end loans held for investment       $ 8,050     $ 8,031     $ 8,614
Average loans held for investment          7,899       7,782       8,372
Average yield on loans held for            16.48     % 16.35     % 15.59     %
investment
Total net revenue margin                   18.20       17.99       16.77
Net charge-off rate                        4.74        4.71        3.99
30+ day performing delinquency rate        3.71        3.86        3.58
30+ day delinquency rate                   4.56        4.78        4.49
Nonperforming loan rate^(3)                1.10        1.16        1.16
Purchase volume^(7)                        $ 3,868     $ 3,523     $ 3,935



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 9: Financial & Statistical Summary—Consumer Banking Business^(1)(2)



                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q4          Q3          Q4
Consumer Banking
Earnings:
Net interest income                        $ 1,468     $ 1,481     $ 1,503
Non-interest income                        195         184         161
Total net revenue                          1,663       1,665       1,664
Provision for credit losses                212         202         169
Non-interest expense                       1,018       927         992
Income from continuing operations before   433         536         503
taxes
Income tax provision                       154         191         178
Income from continuing operations, net of  $ 279       $ 345       $ 325
tax
Selected performance metrics:
Period-end loans held for investment       $ 70,762    $ 71,285    $ 75,127
Average loans held for investment          71,033      71,664      76,098
Average yield on loans held for            6.30      % 6.21      % 5.94      %
investment
Auto loan originations                     $ 4,322     $ 4,752     $ 3,479
Period-end deposits                        167,652     168,437     172,396
Average deposits                           167,870     169,082     172,654
Deposit interest expense rate              0.60      % 0.63      % 0.68      %
Core deposit intangible amortization       $ 32        $ 34        $ 39
Net charge-off rate                        1.09      % 0.95      % 0.88      %
30+ day performing delinquency rate        3.20        2.82        2.65
30+ day delinquency rate                   3.89        3.46        3.34
Nonperforming loan rate^(3)                0.86        0.79        0.85
Nonperforming asset rate^(3)(10)           1.12        1.01        1.02
Period-end loans serviced for others       $ 7,665     $ 14,043    $ 15,333



CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 10: Financial & Statistical Summary—Commercial Banking Business^(1)(2)

                                           2013        2013        2012
(Dollars in millions) (unaudited)          Q4          Q3          Q4
Commercial Banking
Earnings:
Net interest income                        $ 504       $ 480       $ 450
Non-interest income                        131         87          86
Total net revenue^(8)                      635         567         536
Provision for credit losses                (6)         31          (20)
Non-interest expense                       326         266         294
Income from continuing operations before   315         270         262
taxes
Income tax provision                       113         96          93
Income from continuing operations, net of  $ 202       $ 174       $ 169
tax
Selected performance metrics:
Period-end loans held for investment       $ 45,011    $ 42,399    $ 38,820
Average loans held for investment          43,359      41,576      37,598
Average yield on loans held for            3.92      % 3.87      % 4.15      %
investment^(8)
Period-end deposits                        $ 30,567    $ 30,592    $ 29,866
Average deposits                           31,033      30,685      29,476
Deposit interest expense rate              0.25      % 0.27      % 0.28      %
Core deposit intangible amortization       $ 6         $ 6         $ 8
Net charge-off rate                        (0.05)    % 0.07      % 0.10      %
Nonperforming loan rate^(3)                0.33        0.47        0.73
Nonperforming asset rate^(3)               0.37        0.56        0.77
Risk category:^(9)
Noncriticized                              $ 43,593    $ 40,940    $ 36,839
Criticized performing                      1,007       968         1,340
Criticized nonperforming                   149         201         282
Total risk-rated loans                     44,749      42,109      38,461
Acquired commercial loans                  262         290         359
Total commercial loans                     $ 45,011    $ 42,399    $ 38,820
% of period-end commercial loans held for
investment:
Noncriticized                              96.9      % 96.5      % 94.9      %
Criticized performing                      2.2         2.3         3.5
Criticized nonperforming                   0.3         0.5         0.7
Total risk-rated loans                     99.4        99.3        99.1
Acquired commercial loans                  0.6         0.7         0.9
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)          Q4          Q3          Q4
Other
Earnings:
Net interest expense                       $ (125)     $ (158)     $ (274)
Non-interest income                        (38)        (14)        (34)
Total net revenue                          (163)       (172)       (308)
Provision for credit losses                —           (1)         2
Non-interest expense                       68          50          36
Loss from continuing operations before     (231)       (221)       (346)
taxes
Income tax benefit                         (116)       (138)       (180)
Loss from continuing operations, net of    $ (115)     $ (83)      $ (166)
tax
Selected performance metrics:
Period-end loans held for investment       $ 121       $ 163       $ 187
Average loans held for investment          154         166         158
Period-end deposits                        6,304       7,805       10,223
Average deposits                           6,803       8,573       11,364
Total
Earnings:
Net interest income                        $ 4,423     $ 4,560     $ 4,528
Non-interest income                        1,121       1,091       1,096
Total net revenue                          5,544       5,651       5,624
Provision for credit losses                957         849         1,151
Non-interest expense                       3,280       3,147       3,255
Income from continuing operations before   1,307       1,655       1,218
taxes
Income tax provision                       425         525         370
Income from continuing operations, net of  $ 882       $ 1,130     $ 848
tax
Selected performance metrics:
Period-end loans held for investment       $ 197,199   $ 191,814   $ 205,889
Average loans held for investment          192,813     191,135     202,944
Period-end deposits                        204,523     206,834     212,485
Average deposits                           205,706     208,340     213,494



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, Chevy Chase Bank and 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) (unaudited)             Q4         Q3         Q4
Acquired loans accounted for under SOP 03-3:
Period-end unpaid principal balance           $ 29,761   $ 31,377   $ 38,477
Period-end loans held for investment          28,550     30,080     37,134
Average loans held for investment             29,055     30,713     37,899



^(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 Credit Card of 121 basis points and 110 basis points, respectively, in
Q3 2013. The sale of the Best Buy portfolio 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 Credit Card of
136 basis points  and  123 basis points, respectively, in Q3 2013. The sale of
the Best Buy portfolio was completed on September 6, 2013.

^(6) 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.

^(7) Includes credit card purchase transactions, net of returns for both
loans classified as held for investment and held for sale. Excludes cash
advance and balance transfer transactions.

^(8) 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 and yields on a
taxable-equivalent basis, calculated assuming an effective tax rate
approximately equal to our federal statutory tax rate of 35%.

^(9) Criticized exposures correspond to the "Special Mention," "Substandard"
and "Doubtful" asset categories defined by bank regulatory authorities.

^(10) As reported in the third quarter 2013 Form 10-Q, we have begun including
the net realizable value of auto loans that have been charged down as a result
of a bankruptcy filing in addition to repossessed assets obtained in
satisfaction of auto loans. Prior period amounts have been adjusted to conform
to current period presentation.

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 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 measures. While our non-GAAP 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 millions)(unaudited)        Q4           Q3           Q4
Average Equity to Non-GAAP Average
Tangible Common Equity
Average total stockholders' equity      $ 42,463     $ 41,284     $ 40,212
Adjustments: Average goodwill and      (16,564)     (15,829)     (16,340)
other intangible assets ^(1)
Noncumulative perpetual preferred       (853)        (853)        (853)
stock^(2)
Average tangible common equity^(3)      $ 25,046     $ 24,602     $ 23,019
Stockholders' Equity to Non-GAAP
Tangible Common Equity
Total stockholders' equity              $ 41,744     $ 41,750     $ 40,499
Adjustments: Goodwill and other        (16,568)     (15,760)     (16,224)
intangible assets ^(1)
Noncumulative perpetual preferred       (853)        (853)        (853)
stock^(2)
Tangible common equity^(3)              $ 24,323     $ 25,137     $ 23,422
Total Assets to Tangible Assets
Total assets                            $ 297,048    $ 289,888    $ 312,918
Adjustments: Goodwill and other        (16,568)     (15,760)     (16,224)
intangible assets^(1)
Tangible assets                         $ 280,480    $ 274,128    $ 296,694
Total Average Assets to Average
Tangible Assets
Average total assets                    $ 294,108    $ 294,939    $ 308,096
Adjustments: Average goodwill and      (16,564)     (15,829)     (16,340)
other intangible assets ^(1)
Average tangible assets                 $ 277,544    $ 279,110    $ 291,756
Non-GAAP TCE Ratio
TCE ratio^(3)                           8.7        % 9.2        % 7.9        %
Regulatory Capital Ratios^(4)
Total stockholders' equity              $ 41,744     $ 41,750     $ 40,499
Adjustments: Net unrealized (gains)
losses on AFS securities recorded in    791          736          (712)
AOCI^(5)
Net losses on cash flow hedges          136          123          2
recorded in AOCI^(5)
Disallowed goodwill and other           (14,326)     (14,263)     (14,428)
intangible assets
Disallowed deferred tax assets          —            —            —
Noncumulative perpetual preferred       (853)        (853)        (853)
stock^(2)
Other                                   (5)          (5)          (12)
Tier 1 common capital                   27,847       27,488       24,496
Adjustments: Noncumulative perpetual   853          853          853
preferred stock^(2)
Tier 1 restricted core capital          2            2            2
items^(6)
Tier 1 capital                          28,342       28,343       25,351
Adjustments: Long-term debt            1,914        1,909        2,119
qualifying as Tier 2 capital
Qualifying allowance for loan and       2,841        2,726        2,830
lease losses
Other Tier 2 components                 10           8            13
Tier 2 capital                          4,765        4,643        4,962
Total risk-based capital^(7)            $ 33,107     $ 32,986     $ 30,313
Risk-weighted assets^(8)                $ 225,199    $ 215,829    $ 223,472
Tier 1 common ratio^(9)                 12.2       % 12.7       % 11.0       %
Tier 1 risk-based capital ratio^(10)    12.6         13.1         11.3
Total risk-based capital ratio^(11)     14.7         15.3         13.6

___________

^(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 Q4 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 capital 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.



Contacts:
Investor Relations                Media Relations
Jeff Norris        Danielle Dietz Julie Rakes     Tatiana Stead
703.720.2455       703.720.2455   804.284.5800    703.720.2352



SOURCE Capital One Financial Corporation

Website: http://www.capitalone.com/