The 8% increase in pre-provision earnings and solid credit performance suggest underlying strength despite margin compression. Traders should monitor Discover integration costs and net interest margin trends in upcoming quarters.
Price Chart
Executive Summary
Capital One reported Q1 2026 net income of $2.17 billion, or $3.34 per diluted share, with adjusted EPS of $4.42 per share. Total net revenue was $15.23 billion, down 2% sequentially, while pre-provision earnings increased 8% to $6.8 billion. The Discover integration continues to progress, and credit performance remains solid.
Key Financial Metrics
Key Facts
- Q1 2026 net income: $2.17 billion, or $3.34 per diluted share
- Adjusted EPS: $4.42 per share (non-GAAP)
- Total net revenue: $15.23 billion, down 2% QoQ
- Pre-provision earnings: $6.8 billion, up 8% QoQ
- Provision for credit losses: $4.07 billion
- Net interest margin: 7.87%, down 39 bps QoQ
- Common equity Tier 1 capital ratio: 14.4%
Financial Impact
$2.17 billion net income, $15.23 billion revenue
Risk Factors
- Net interest margin declined 39 bps sequentially to 7.87%
- Net charge-offs remain elevated at $3.85 billion
- Discover integration expenses and amortization continue to impact GAAP earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000927628-26-000039 |
| Exhibit: ex991q12026earningsrelease.htm | 0000927628-26-000039 |
| Document: cof-20260421.htm | 0000927628-26-000039 |
| Document: 0000927628-26-000039-index-headers.html | 0000927628-26-000039 |
| Document: 0000927628-26-000039-index.html | 0000927628-26-000039 |
| Document: 0000927628-26-000039.txt | 0000927628-26-000039 |
| 8-K Data (Synthetic) | 0000927628-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Court Ruling | $206.68 $204.92 | ▼ −0.85% | ▼ −0.96% | $194.72 (−5.79%) |
Aug 31, 2026 4w ago | Court Ruling | $214.51 $213.96 | ▼ −0.26% | ▼ −0.11% | $194.72 (−9.23%) |
Aug 21, 2026 6w ago | Institutional Cluster | $217.91 $215.67 | ▼ −1.03% | ▼ −1.50% | $194.72 (−10.64%) |
Aug 20, 2026 6w ago | 8-K | $212.48 $216.67 | ▲ +1.97% | ▲ +0.86% | $194.72 (−8.36%) |
Aug 18, 2026 6w ago | Insider Cluster | $220.73 $217.21 | ▼ −1.59% | ▼ −1.21% | $194.72 (−11.78%) |
Aug 17, 2026 6w ago | Court Ruling | $221.45 $216.27 | ▼ −2.34% | ▼ −1.15% | $194.72 (−12.07%) |
Aug 17, 2026 6w ago | Insider Cluster | $221.45 $216.27 | ▼ −2.34% | ▼ −1.15% | $194.72 (−12.07%) |
Aug 11, 2026 7w ago | Insider Cluster | $219.15 $221.47 | ▲ +1.06% | ▲ +1.46% | $194.72 (−11.15%) |
Aug 10, 2026 7w ago | Insider Cluster | $219.15 $221.47 | ▲ +1.06% | ▲ +1.46% | $194.72 (−11.15%) |
Aug 6, 2026 8w ago | Court Ruling | $220.00 $223.83 | ▲ +1.74% | ▲ +0.53% | $194.72 (−11.49%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access