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Capital One, National Association

Mc Lean, VA · Cert 4297 · Capital One Financial Corp.

National charter · OCC · 245 branches

Q2 2026

$662.2BAssets
$457.4BLoans
$512.5BDeposits
$98.7BEquity
Loan mix
6%RE $24.5B9%C&I $36.2B85%Consumer $341.4BQ3 2024Q2 2026
Deposit mix
94%Interest-bearing $483.6B6%Noninterest $28.8BQ3 2024Q2 2026

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2026 SOD (annual) · 45.7% share · #1 of 88 inst. · $312.9B of $685.1B

66.3% New Castle
91.3% Sussex
45.5% Fairfax
0.6% New York

Executive Summary

  • Earnings: ROA of 1.94%, up 485 bps year over year; NIM at 7.39%.
  • Asset quality: problem loans at 1.49% of loans (-14 bps YoY), with net charge-offs at 3.18%.
  • Capital: tier 1 leverage ratio of 10.58%, down 203 bps from a year ago.
  • Funding: loans stand at 89.26% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.94%+485 bps YoY

Net Interest Margin (quarter, annualized)

7.39%+34 bps YoY

Efficiency Ratio (quarter, annualized)

51.15%-143 bps YoY

Tier 1 Leverage Ratio

10.58%-203 bps YoY

NIM

9.34%Q2 ’249.62%Q2 ’259.69%Q2 ’26+11%+5%

Non-interest income vs. expense

4.05%Q2 ’244.72%Q2 ’254.96%Q2 ’26+26%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.58%1.04%1.26%-2.91%2.11%1.45%1.39%1.94%+485 bps
Return on Equity13.48%8.77%10.72%-21.24%14.11%9.70%9.51%13.20%+3,444 bps
Net Interest Margin6.77%6.69%6.57%7.04%7.64%7.59%7.31%7.39%+34 bps
Efficiency Ratio51.78%58.34%57.48%52.58%48.55%54.72%50.04%51.15%-143 bps
Non-Interest Burden2.78%3.21%3.10%3.13%3.15%3.66%3.12%3.20%+8 bps
Growth
Asset Growth (YoY)3.22%2.43%2.44%35.95%34.78%35.15%36.98%2.04%-3,391 bps
Loan Growth (YoY)1.53%2.07%2.37%40.31%41.03%38.54%38.13%2.20%-3,810 bps
Deposit Growth (YoY)1.67%3.02%3.89%33.52%31.31%30.96%33.97%3.04%-3,048 bps
Asset Quality
Nonperforming Loans / Loans1.91%1.95%1.78%1.63%1.69%1.74%1.67%1.49%-14 bps
Net Charge-Offs / Loans3.25%3.52%3.38%2.73%3.07%3.37%3.44%3.18%+45 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.91%10.69%10.82%12.61%10.94%10.90%10.80%10.58%-203 bps
Total Risk-Based Capital15.58%15.18%15.49%15.29%15.14%15.12%15.41%14.88%-42 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits84.32%85.12%83.44%90.00%90.57%90.05%86.03%89.26%-73 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.41%+41 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a