Capital One Financial Corp (NYSE:COFpP.CL.PFD)

$ 25.01 (0%) Market Cap: - Enterprise Value: 33.79 Bil PE Ratio: 18.26 PB Ratio: 1.31 GF Score: 85/100

Q2 2025 Capital One Financial Corp Earnings Call Transcript

Jul 22, 2025 / 09:00PM GMT

Transcript 8-K

Key Points

Positve

Capital One Financial Corp (COF) successfully completed the acquisition of Discover, which is expected to enhance and accelerate their progress in building a leading financial institution.
The integration of Discover is going well, with shared cultural attributes and a commitment to customers, creating opportunities for growth and value creation.
Revenue in the second quarter increased by 25% compared to the first quarter, driven by the partial quarter impact of Discover and strong legacy Capital One results.
The company reported strong purchase volume growth in the credit card segment, with a 22% year-over-year increase, including Discover's contribution.
Capital One Financial Corp (COF) is on track to deliver $2.5 billion in total net synergies from the Discover acquisition, with significant cost savings and revenue synergies identified.

Negative

The acquisition of Discover resulted in a net loss of $4.3 billion for the quarter, primarily due to purchase accounting impacts and integration costs.
Integration costs for the Discover acquisition are expected to be somewhat higher than the previously announced $2.8 billion.
The amortization of net fair value marks decreased net interest income by $85 million in the quarter.
The provision for credit losses was $11.4 billion in the quarter, significantly impacted by the initial allowance build for Discover.
The company's common equity Tier 1 capital ratio ended the quarter at 14%, which is above the long-term target, indicating excess capital that needs to be optimized.

Operator

Good day and thank you for standing by. Welcome to the Capital One second-quarter 2025 earnings call. Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand a conference over to your speaker today, Jeff Norris, Senior Vice President of Finance. Please go ahead.

Jeff Norris

Capital One Financial Corp - Senior Vice President of Global Finance, Investor Relations

Thanks very much, Josh, and welcome, everybody. Just a few opening remarks. To access the live webcast of this call, please go to the Investors section of Capital One's website, CapitalOne.com. A copy of the earnings presentation, press release, and financial supplement can also be found on the Investors section of Capital One's website by selecting Financials, then Quarterly Earnings Releases.

With me tonight are Mr. Richard Fairbank, Capital One's Chairman and Chief Executive Officer; Mr. Andrew Young, Capital One's Chief Financial Officer. Rich and Andrew are going to walk you through the presentation summarizing our second

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.