Capital One Financial Corporation (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

The following parent company only financial statements are prepared in accordance with Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”).

Table 20.1: Parent Company Statements of Income


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Interest income	$	1,762	$	1,715	$	595
Interest expense	2,303		2,160		969
Provision (benefit) for Credit Losses	0		(1)		(1)
Dividends from subsidiaries	1,500		3,300		4,352
Non-interest income (loss)	100		91		(15)
Non-interest expense	96		70		35
Income before income taxes and equity in undistributed earnings of subsidiaries	963		2,877		3,929
Income tax benefit	(81)		(73)		(181)
Equity in undistributed earnings of subsidiaries	3,706		1,937		3,250
Net income	4,750		4,887		7,360
Other comprehensive income (loss), net of tax	(1,018)		1,648		(10,290)
Comprehensive income (loss)	$	3,732	$	6,535	$	(2,930)

Condensed Balance Sheet

Table 20.2: Parent Company Balance Sheets


(Dollars in millions)	December 31, 2024		December 31, 2023
Assets:
Cash and cash equivalents	$	22,630	$	25,647
Investments in subsidiaries	56,991		54,324
Loans to subsidiaries	8,935		6,338
Securities available for sale	346		380
Other assets	2,537		2,526
Total assets	$	91,439	$	89,215

Liabilities:
Senior and subordinated notes	$	30,247	$	30,817

Accrued expenses and other liabilities	408		309
Total liabilities	30,655		31,126
Total stockholders’ equity	60,784		58,089
Total liabilities and stockholders’ equity	$	91,439	$	89,215

Condensed Cash Flow Statement

Table 20.3: Parent Company Statements of Cash Flows


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Operating activities:
Net income	$	4,750	$	4,887	$	7,360
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed earnings of subsidiaries	(3,706)		(1,936)		(3,250)
Other operating activities	496		623		(2,429)
Net cash from operating activities	1,540		3,574		1,681
Investing activities:

Proceeds from paydowns and maturities of securities available for sale	33		103		96
Purchases of securities available for sale	0		(69)		(10)
Changes in loans to subsidiaries	(2,597)		371		1,139
Net cash from investing activities	(2,564)		405		1,225
Financing activities:
Borrowings:

Issuance of senior and subordinated notes	3,985		8,219		9,271
Maturities and paydowns of senior and subordinated notes	(4,411)		(6,989)		(1,250)
Common stock:
Net proceeds from issuances	323		299		276
Dividends paid	(932)		(931)		(950)
Preferred stock:

Dividends paid	(228)		(228)		(228)

Purchases of treasury stock	(734)		(718)		(4,948)
Proceeds from share-based payment activities	4		10		19
Net cash from financing activities	(1,993)		(338)		2,190
Changes in cash and cash equivalents	(3,017)		3,641		5,096
Cash and cash equivalents, beginning of the period	25,647		22,006		16,910
Cash and cash equivalents, end of the period	$	22,630	$	25,647	$	22,006