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Capital One Financial Corp (COF) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Capital One Financial Corp

CIK: 927628 Ticker: COF

Exhibit 99.1
News Release

earningsslidesvfinal1b58a.jpg
Contacts:
Investor RelationsMedia Relations
Jeff NorrisDanielle DietzSie Soheili
jeff.norris@capitalone.comdanielle.dietz@capitalone.comsie.soheili@capitalone.com

FOR IMMEDIATE RELEASE: January 25, 2022
Capital One Reports Fourth Quarter 2021 Net Income of $2.4 billion,
or $5.41 per share
Fourth Quarter 2021 Net Income of $5.41 per share
McLean, Va. (January 25, 2022) – Capital One Financial Corporation (NYSE: COF) today announced net income for the fourth quarter of 2021 of $2.4 billion, or $5.41 per diluted common share, compared with net income of $3.1 billion, or $6.78 per diluted common share in the third quarter of 2021, and with net income of $2.6 billion, or $5.35 per diluted common share in the fourth quarter of 2020.
“In the fourth quarter, we posted strong growth with strikingly strong credit results, and we continued to return capital to our shareholders,” said Richard D. Fairbank, Founder, Chairman and Chief Executive Officer. “As we enter 2022, we continue to see attractive opportunities to grow and build our franchise.”
The quarter included the following notable item:
(Dollars in millions, except per share data)Pre-Tax
Impact
Diluted EPS
Impact
Legacy rewards program upgrade$(92)$(0.16)
All comparisons below are for the fourth quarter of 2021 compared with the third quarter of 2021 unless otherwise noted.
Fourth Quarter 2021 Income Statement Summary:
Total net revenue increased 4 percent to $8.1 billion.
Total non-interest expense increased 12 percent to $4.7 billion:
33 percent increase in marketing.
7 percent increase in operating expenses.



The following information was filed by Capital One Financial Corp (COF) on Tuesday, January 25, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Capital One Financial Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Allowance For Credit Losses And Reserve For Unfunded Lending Commitments
Allowance For Credit Losses And Reserve For Unfunded Lending Commitments (Tables)
Allowance For Credit Losses And Reserve For Unfunded Lending Commitments - Additional Information (Details)
Allowance For Credit Losses And Reserve For Unfunded Lending Commitments - Allowance For Credit Losses And Reserve For Unfunded Lending Commitments Activity (Details)
Allowance For Credit Losses And Reserve For Unfunded Lending Commitments - Summary Of Loss Sharing Arrangements (Details)
Business Segments And Revenue From Contracts With Customers
Business Segments And Revenue From Contracts With Customers (Tables)
Business Segments And Revenue From Contracts With Customers - Additional Information (Details)
Business Segments And Revenue From Contracts With Customers - Revenue From Contracts With Customers (Details)
Business Segments And Revenue From Contracts With Customers - Segment Results And Reconciliation (Details)
Capital One Financial Corporation (Parent Company Only)
Capital One Financial Corporation (Parent Company Only) (Tables)
Capital One Financial Corporation (Parent Company Only) - Balance Sheets (Details)
Capital One Financial Corporation (Parent Company Only) - Statements Of Cash Flows (Details)
Capital One Financial Corporation (Parent Company Only) - Statements Of Income (Details)
Commitments, Contingencies, Guarantees, And Others
Commitments, Contingencies, Guarantees, And Others (Tables)
Commitments, Contingencies, Guarantees, And Others - Litigation (Details)
Commitments, Contingencies, Guarantees, And Others - Loss Sharing And Uk Ppi (Details)
Commitments, Contingencies, Guarantees, And Others - Unfunded Lending Commitments: Contractual Amount And Carrying Value (Details)
Deposits And Borrowings
Deposits And Borrowings (Tables)
Deposits And Borrowings - Deposits And Short-Term Borrowings (Details)
Deposits And Borrowings - Long-Term Debt (Details)
Deposits And Borrowings - Maturity Profile Of Borrowings (Details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (Policies)
Derivative Instruments And Hedging Activities (Tables)
Derivative Instruments And Hedging Activities - Additional Information (Details)
Derivative Instruments And Hedging Activities - Derivative Assets And Liabilities At Fair Value (Details)
Derivative Instruments And Hedging Activities - Effects Of Fair Value And Cash Flow Hedge Accounting (Details)
Derivative Instruments And Hedging Activities - Gains Losses On Freestanding Derivatives (Details)
Derivative Instruments And Hedging Activities - Hedged Items In Fair Value Hedging Relationship (Details)
Derivative Instruments And Hedging Activities - Offsetting Assets (Details)
Derivative Instruments And Hedging Activities - Offsetting Liabilities (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Additional Information (Details)
Earnings Per Common Share - Computation Of Basic And Diluted Earnings Per Common Share (Details)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Changes In Benefit Obligation And Plan Assets (Details)
Employee Benefit Plans - Defined Benefit Plan And Other Postretirement Benefit Plans Narrative (Details)
Employee Benefit Plans - Defined Contribution Plan Narrative (Details)
Employee Benefit Plans - Funded Status Recognized On Balance Sheet (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Additional Information (Details)
Fair Value Measurement - Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurement - Fair Value Of Financial Instruments (Details)
Fair Value Measurement - Level 3 Recurring Fair Value Rollforward (Details)
Fair Value Measurement - Nonrecurring Fair Value Measurements (Details)
Fair Value Measurement - Nonrecurring Fair Value Measurements Included In Earnings (Details)
Fair Value Measurement - Quantitative Information About Level 3 Fair Value Measurements (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Actual And Estimated Future Amortization Expense (Details)
Goodwill And Intangible Assets - Additional Information (Details)
Goodwill And Intangible Assets - Components (Details)
Goodwill And Intangible Assets - Goodwill Business Segments (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Effective Income Tax Rate (Details)
Income Taxes - Reconciliation Of Change In Unrecognized Tax Benefits (Details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Significant Components Of Provision For Income Taxes Attributable To Continuing Operations (Details)
Investment Securities
Investment Securities (Tables)
Investment Securities - Contractual Maturities And Weighted-Average Yields Of Securities (Details)
Investment Securities - Investment Available For Sale (Details)
Investment Securities - Realized Gains And Losses On Securities (Details)
Investment Securities - Securities In Gross Unrealized Loss Position (Details)
Loans
Loans (Tables)
Loans - 90+ Day Delinquent Loans Accruing Interest And Nonperforming Loans (Details)
Loans - Additional Information (Details)
Loans - Commercial Banking: Risk Profile By Internal Risk Rating (Details)
Loans - Consumer Banking Portfolio By Credit Quality Indicator (Details)
Loans - Credit Card Delinquency Status (Details)
Loans - Loan Portfolio Composition And Aging Analysis (Details)
Loans - Tdr - Subsequent Defaults (Details)
Loans - Trouble Debt Restructurings (Details)
Premises, Equipment And Leases
Premises, Equipment And Leases (Tables)
Premises, Equipment And Leases - Components Of Premises And Equipment (Details)
Premises, Equipment And Leases - Maturities Of Operating Leases And Reconciliation To Lease Liabilities (Details)
Premises, Equipment And Leases - Operating Lease Portfolio (Details)
Premises, Equipment And Leases Premises, Equipment And Leases - Additional Information (Details)
Regulatory And Capital Adequacy
Regulatory And Capital Adequacy (Tables)
Regulatory And Capital Adequacy - Additional Information (Details)
Regulatory And Capital Adequacy - Capital Ratios Under Basel Iii (Details)
Related Party Transactions
Stock-Based Compensation Plans
Stock-Based Compensation Plans (Tables)
Stock-Based Compensation Plans - Additional Information (Details)
Stock-Based Compensation Plans - Summary Of Restricted Stock Units And Performance Share Units (Details)
Stock-Based Compensation Plans - Summary Of Stock Options Activity (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details)
Stockholders' Equity - Other Comprehensive Income (Details)
Stockholders' Equity - Preferred Stock Outstanding (Details)
Stockholders' Equity - Reclassifications From Aoci (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - Arrangements (Details)
Summary Of Significant Accounting Policies - Loans And Allowance For Credit Losses (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Summary Of Significant Accounting Policies - Segments (Details)
Summary Of Significant Accounting Policies - Useful Lives For Premises And Equipment (Details)
Summary Of Significant Accounting Policies Newly Adopted Accounting Standards (Details)
Variable Interest Entities And Securitizations
Variable Interest Entities And Securitizations (Tables)
Variable Interest Entities And Securitizations - Additional Information (Details)
Variable Interest Entities And Securitizations - Carrying Amount Of Consolidated And Unconsolidated Vies (Details)
Variable Interest Entities And Securitizations - Continuing Involvement In Securitization Related Vies (Details)
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

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