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Contacts: | |||||||||||
Investor Relations | Media Relations | ||||||||||
Jeff Norris | Danielle Dietz | Sie Soheili | |||||||||
jeff.norris@capitalone.com | danielle.dietz@capitalone.com | sie.soheili@capitalone.com |
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Capital One Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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A change in the economic conditions of a reporting unit, such as declines in business performance from industry or macroeconomic trends or from changes in our strategy, adverse impacts to loan or deposit growth trends, decreases in revenue, increases in expenses, increases in credit losses, increases in capital requirements, deterioration of market conditions, declines in long-term growth expectations, adverse impacts of regulatory or legislative changes or increases in the estimated cost of capital, including if these conditions are merely forecasted to occur in future periods, could cause the estimated fair values of our reporting units to decline in the future, and increase the risk of a goodwill impairment in a future period.
Table 28: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity __________ Capital One Financial Corporation (COF) (1)Concurrent with our adoption of the CECL standard in the first quarter of 2020, we reclassified our finance charge and fee reserve to our allowance for credit losses, with a corresponding increase to credit card loans held for investment.
In addition to macroeconomic factors, many credit factors inform our allowance for credit losses, including, but not limited to, historical loss and recovery experience, recent trends in delinquencies and charge-offs, risk ratings, the impact of bankruptcy filings, the value of collateral underlying secured loans, account seasoning, changes in our credit evaluation, underwriting and collection management policies, seasonality, credit bureau scores, current general economic conditions, changes in the legal and regulatory environment and uncertainties in forecasting and modeling techniques used in estimating our allowance for credit losses.
Income Taxes We recorded an income tax provision of $3.4 billion (21.6% effective income tax rate), $486 million (15.2% effective income tax rate), $1.3 billion (19.5% effective income tax rate) in 2021, 2020 and 2019, respectively.
Net Charge-Off and Delinquency Metrics: The net charge-off rate decreased by 50 basis points to 0.37% in 2021 compared to 2020 primarily driven by strong credit performance in our auto loan portfolio, including the impact of auction price favorability.
Key factors affecting the results...Read more
In addition to the special...Read more
Capital One Financial Corporation (COF)...Read more
Capital One's risk aggregation processes...Read more
We charge off loans as...Read more
CECL: In June 2016, the...Read more
The LCR is calculated by...Read more
Provision for Credit Losses: Provision...Read more
Our provision for credit losses...Read more
We provide additional information on...Read more
Any determination to increase the...Read more
Net Charge-Off and Delinquency Metrics:...Read more
Lower provision for credit losses...Read more
Allowance for Credit Losses and...Read more
Non-interest income increased by $654...Read more
Total Company Performance Earnings: Our...Read more
Capital One Financial Corporation (COF)...Read more
Table 14: Preferred Stock Dividends...Read more
Market risk: The risk that...Read more
MARKET RISK PROFILE MARKET RISK...Read more
Effective September 1, 2026, and...Read more
We have identified the following...Read more
Non-Interest Income: Non-interest income increased...Read more
For all such loans and...Read more
Negative net charge-offs and related...Read more
Provision for Credit Losses: Provision...Read more
On January 25, 2021, our...Read more
On January 21, 2022, our...Read more
On January 25, 2021, our...Read more
On January 21, 2022, our...Read more
On January 25, 2021, our...Read more
On January 21, 2022, our...Read more
We are exposed to market...Read more
The nonperforming loan rate decreased...Read more
We expect the rising cost...Read more
The following MD&A is intended...Read more
Investment Securities Our investment securities...Read more
Our current economic value of...Read more
Non-Interest Income: Non-interest income increased...Read more
Total deposits increased by $5.5...Read more
Higher non-interest income in 2021...Read more
Provision for Credit Losses: Provision...Read more
Net Charge-Off and Nonperforming Metrics:...Read more
The key indicator we monitor...Read more
Deferred tax assets, net of...Read more
The effective interest rate in...Read more
Deposits: Period-end deposits increased by...Read more
In addition to the allowance...Read more
In periods prior to 2020,...Read more
Risk Data and Enabling Technology...Read more
If the customer does not...Read more
We manage our interest rate...Read more
This Risk Appetite Statement is...Read more
Capital One Financial Corporation (COF)...Read more
Accordingly, from January 1, 2020...Read more
We build our allowance for...Read more
Category III institutions, such as...Read more
We use the weighted-average redemption...Read more
CRITICAL ACCOUNTING POLICIES AND ESTIMATES...Read more
Capital One Financial Corporation (COF)...Read more
While these non-GAAP measures are...Read more
Accountability for overseeing an effective...Read more
This guidance was effective for...Read more
The NSFR Rule became effective...Read more
The net proceeds of the...Read more
The net proceeds of the...Read more
The net proceeds of the...Read more
Table 27: Troubled Debt Restructurings...Read more
Every associate at the Company...Read more
Our EUR-denominated borrowings outstanding were...Read more
At the current level of...Read more
The reserve for losses on...Read more
The Chief Risk Officer, in...Read more
Capital One Financial Corporation (COF)...Read more
Capital and Liquidity Management (including...Read more
While the rewards liability is...Read more
Non-Interest Income: Non-interest income increased...Read more
Actions taken to respond to...Read more
Capital One Financial Corporation (COF)...Read more
Tasks performed by these groups...Read more
Loss from continuing operations increased...Read more
In unsecured consumer loan Capital...Read more
Risk Identification The first line...Read more
In particular, a BHC's stress...Read more
Table 36: LIBOR Exposures on...Read more
Common equity less goodwill and...Read more
Dividends on the Series L...Read more
Dividends on the Series M...Read more
Dividends on the Series N...Read more
Our critical accounting policies and...Read more
Funding Sources Our primary source...Read more
Funding Our primary source of...Read more
Non-Interest Expense Table 4 displays...Read more
We use financial models to...Read more
Culture and Talent Management The...Read more
We measure these exposures by...Read more
We use these principles to...Read more
In addition to using industry...Read more
Stockholders' equity increased by $825...Read more
We manage market risk exposure,...Read more
On July 28, 2021, our...Read more
There is a core Governance,...Read more
The decrease in the ratio...Read more
Market Risk Management The Chief...Read more
Table B-Reconciliation of Non-GAAP Measures...Read more
Through the ongoing development and...Read more
Certain activities that are not...Read more
Deposits: Period-end deposits increased by...Read more
Table 4: Non-Interest Expense _________...Read more
?Average loans held for investment...Read more
Our FHLB membership is supported...Read more
The sensitivity analysis described above...Read more
Interest Rate Risk Interest rate...Read more
Allowance for Credit Losses: Our...Read more
Nonperforming loans are included in...Read more
Capital One Financial Corporation (COF)...Read more
?Average loans held for investment...Read more
Capital One Financial Corporation (COF)...Read more
Capital One Financial Corporation (COF)...Read more
The following table presents reconciliations...Read more
The key credit quality indicator...Read more
Our 30+ day delinquency rate...Read more
The 30+ day delinquency rate...Read more
In commercial underwriting, we generally...Read more
Business-Supervision and Regulation-Dividends, Stock Repurchases...Read more
Loans Held for Investment: ?Period-end...Read more
Our remediation of existing LIBOR...Read more
We evaluate the recoverability of...Read more
Capital One Financial Corporation (COF)...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Capital One Financial Corp provided additional information to their SEC Filing as exhibits
Ticker: COF
CIK: 927628
Form Type: 10-K Annual Report
Accession Number: 0000927628-22-000106
Submitted to the SEC: Fri Feb 25 2022 4:21:21 PM EST
Accepted by the SEC: Fri Feb 25 2022
Period: Friday, December 31, 2021
Industry: National Commercial Banks