第一资本金融 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item1.Financial StatementsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Balance SheetsConsolidated Statements of Changes in Stockholders’ EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsNote 1—Summary of Significant Accounting PoliciesNote 2—Business Combinationsand Discontinued OperationsNote3—Investment SecuritiesNote4—LoansNote5—Allowance for Credit Losses and Reserve for Unfunded Lending CommitmentsNote6—Variable Interest Entities and SecuritizationsNote7—Goodwill and Other Intangible AssetsNote8—Deposits and BorrowingsNote9—Derivative Instruments and Hedging ActivitiesNote10—Stockholders’ EquityNote11—Earnings Per Common ShareNote12—Fair Value MeasurementNote13—Business Segments and Revenue from Contracts with CustomersNote14—Commitments, Contingencies, Guarantees and Others PART II—OTHER INFORMATIONItem1.Legal Proceedings Item 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.Exhibits EXHIBIT INDEXSIGNATURES MD&A Tables:1 Consolidated Financial Highlights2Average Balances, Net Interest Income and Net Interest Margin3Rate/Volume Analysis of Net Interest Income4Non-Interest Income5Non-Interest Expense6Loans Held for Investment7Funding Sources Composition8Business Segment Results9Credit Card Business Results9.1Domestic Card Business Results10Consumer Banking Business Results11Commercial Banking Business Results12Other Category Results13Capital Ratios Under Basel III14Regulatory Risk-Based Capital Components and Regulatory Capital Metrics15Preferred Stock Dividends Paid Per Share16Credit Card Portfolio by Geographic Region17Auto Loan Portfolio by Geographic Region18Commercial Real Estate Portfolio by Region19Commercial Loans by Industry20Credit Score Distribution2130+ Day Delinquencies22Aging and Geography of 30+ Day Delinquent Loans2390+ Day Delinquent Loans Accruing Interest24Nonperforming Loans and Other Nonperforming Assets25Net Charge-Offs26Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity27Liquidity Reserves28Deposits Composition and Average Deposits Interest Rates29Long-Term Debt Funding Activities30Senior Unsecured Long-Term Debt Credit Ratings31Interest Rate Sensitivity Analysis Supplemental Table:AReconciliation of Non-GAAP Measures PART I—FINANCIAL INFORMATION Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) This discussion contains forward-looking statements that are based upon management’s current expectations and are subject to significant uncertainties and changes in circumstances. Please review“Forward-Looking Statements” for more information on the forward-looking statements in this Quarterly Report on Form 10-Q (“this Report”). All statements that address operating performance,events or developments that we expect or anticipate will occur in the future are forward-looking statements. Our actual results may differ materially from those included in these forward-lookingstatements due to a variety of factors including, but not limited to, those described in “Part II—Item 1A. Risk Factors” in this Report. Unless otherwise specified, references to notes to our consolidatedfinancial statements refer to the notes to our consolidated financial statements as of June 30, 2025 included in this Report. Management monitors a variety of key indicators to evaluate our business results and financial condition. The following MD&A is provided as a supplement to, and should be read in conjunction with,our consolidated financial statements and related notes in this Report and the more detailed information contained in our 2024 Form 10-K. INTRODUCTION Capital One Financial Corporation, a Delaware corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-bankingsubsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company” or “Capital One”) offer a broad array of financial products and services to consumers, small businesses andcommercial clients through digital channels, branch locations, cafés and other distribution channels. Capital One Financial Corporation’s principal operating subsidiary was Capital One, National Association (“CONA”). On May 18, 2025 (the “Closing Date”), Discover Financial Services (“Discover”)merged into Capital One and Discover Bank merged into CONA. See “Part I—Item1. Financial State