Capital One Financial Corporation announced net income for the first quarter of 2025 of $1.4 billion, or $3.45 per diluted common share, compared with net income of $1.1 billion, or $2.67 per diluted common share in the fourth quarter of 2024, and with net income of $1.3 billion, or $3.13 per diluted common share in the first quarter of 2024. Adjusted net income(1) for the first quarter of 2025 was $4.06 per diluted common share. “Last week, we received regulatory approval for our acquisition of Discover and we’re fully mobilized to complete the transaction on May 18th,” said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer. “The combination of Capital One and Discover will create a leading consumer banking and payments platform with unique capabilities, modern technology, and powerful brands. It leverages Capital One’s technology transformation and digital capabilities across a significantly larger customer franchise. And it offers the potential to enhance competition and create significant value for merchants and customers.
Credit Card
- Ending loans held for investment up $6.6 billion, or 4%, year-over-year; average loans held for investment up $6.8 billion, or 5%, year-over-year
- Purchase volume up 5% year-over-year
- Revenue up $417 million, or 6%, year over-year
Consumer Banking
- Ending loans held for investment up $3.8 billion or 5% year-over-year; average loans held for investment up $3.4 billion, or 5%, year-over-year
- Ending deposits up $24.1 billion, or 8%, year-over-year
- Auto loan originations up $1.7 billion, or 22%, year-over-year