Capital One Financial (Capital One Financial) Credit Losses Provision : $10,426 Mil (As of Dec. 2023)

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What is Capital One Financial Credit Losses Provision?

Capital One Financial's credit losses provision for the three months ended in Dec. 2023 was $2,857 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $10,426 Mil.

Capital One Financial's quarterly credit losses provision declined from Jun. 2023 ($2,490 Mil) to Sep. 2023 ($2,284 Mil) but then increased from Sep. 2023 ($2,284 Mil) to Dec. 2023 ($2,857 Mil).

Capital One Financial's annual credit losses provision increased from Dec. 2021 ($-1,944 Mil) to Dec. 2022 ($5,847 Mil) and increased from Dec. 2022 ($5,847 Mil) to Dec. 2023 ($10,426 Mil).

Capital One Financial Credit Losses Provision Historical Data

The historical data trend for Capital One Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Capital One Financial Credit Losses Provision Chart

Capital One Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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6,236.00

10,264.00

-1,944.00

5,847.00

10,426.00

Capital One Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															2,416.00	2,795.00	2,490.00	2,284.00	2,857.00

Capital One Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10,426 Mil.

Capital One Financial (Capital One Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Capital One Financial Corp (NYSE:COF) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

COFpN.PFD:USA COFpL.PFD:USA COFpK.PFD:USA COFpJ.PFD:USA COFpI.PFD:USA COF:Mexico CFX:Germany CAON34:Brazil

Address

1680 Capital One Drive, McLean, VA, USA, 22102

Website

https://www.capitalone.com

Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending.

Executives

Laprade,iii Frank G.	officer: Chief Enterprise Srvcs Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Robert M. Alexander	officer: Chief Information Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ann F Hackett	director
Richard D Fairbank	director, officer: Chairman, CEO and President	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kara West	officer: Chief Audit Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kevin S. Borgmann	officer: Chief Risk Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Mark Daniel Mouadeb	officer: President, U.S. Card	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Neal Blinde	officer: EC, Commercial Banking	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Timothy P Golden	officer: Controller	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Michael Zamsky	officer: Chief Consumer Credit Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ravi Raghu	officer: Pres, Software, Intl & Sm Bus	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Sheldon Hall	officer: Chief Risk Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Kaitlin Haggerty	officer: Chief Human Resources Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Peter E Raskind	director	NATIONAL CITY CORP, 1900 EAST NINTH STREET, CLEVELAND OH 44114-3484
Matthew W Cooper	officer: General Counsel	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102