Capital One Financial 1Q Revenue Falls

Published: 2026-04-21 16:52:14 ET COF

Published on 04/21/2026 at 04:52 pm EDT

By Kelly Cloonan

Capital One Financial logged lower revenue in its latest quarter as provision for credit losses declined.

The McLean, Va., bank on Tuesday posted a first-quarter profit of $2.17 billion, or $3.34 a share, compared with $1.4 billion, or $3.45 a share, a year earlier.

Adjusted earnings per share were $4.42, compared with estimates of $4.50 a share according to analysts polled by FactSet.

Revenue fell 2% to $15.23 billion, compared with analyst estimates of $15.36 billion.

Provision for credit losses fell $74 million to $4.1 billion.

Chief Executive Richard Fairbank said the results reflect strong credit performance. Capital One's integration of Discover, which it acquired in May, continues to go well, Fairbank said. Expenses from the integration dented earnings by 50 cents a share in the quarter.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

04-21-26 1651ET