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April 2026 card and auto loss metrics at Capital One (NYSE: COF)

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

Capital One Financial Corporation furnished its monthly credit-quality metrics for the month ended April 30, 2026. The report covers loans held for investment in key portfolios and highlights net charge-offs, delinquencies, and nonperforming loans.

For domestic credit cards, average loans held for investment were $253,124 million, with period-end balances of $255,320 million. Net charge-offs were $1,042 million, producing a net charge-off rate of 4.94%, while 30+ day performing delinquencies totaled $8,781 million, a 3.44% rate. Nonperforming loan data for this category is not applicable in this table.

In consumer banking auto loans, average loans held for investment were $86,246 million and period-end balances were $86,847 million. Net charge-offs were $86 million with a 1.20% net charge-off rate. 30+ day performing delinquencies were $3,488 million, a 4.02% rate, and nonperforming loans were $477 million, a 0.55% rate. The filing also explains that net charge-off and delinquency rates are calculated as ratios to average or period-end loans, and that billed finance charges and fees are included in card loan balances.

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Domestic card average loans $253,124 million Average loans held for investment, domestic credit card, April 30, 2026
Domestic card period-end loans $255,320 million Loans held for investment at period-end, domestic credit card, April 30, 2026
Domestic card net charge-offs $1,042 million Net charge-offs, domestic credit card, month ended April 30, 2026
Domestic card net charge-off rate 4.94% Net charge-off rate, domestic credit card, month ended April 30, 2026
Domestic card 30+ day delinquency rate 3.44% 30+ day performing delinquency rate, domestic credit card, April 30, 2026
Auto average loans $86,246 million Average loans held for investment, consumer banking auto, April 30, 2026
Auto net charge-off rate 1.20% Net charge-off rate, consumer banking auto, month ended April 30, 2026
Auto nonperforming loan rate 0.55% Nonperforming loan rate, consumer banking auto, April 30, 2026
Net charge-off rate financial
"Net charge-off rate is calculated by dividing annualized net charge-offs for the period by average loans held for investment"
Net charge-off rate is the percentage of outstanding loans a lender writes off as uncollectible during a period after subtracting any money later recovered. Think of it like a shop marking damaged items as total loss (then accounting for any partial refunds) — it shows how much credit a lender truly lost. Investors watch it because rising rates signal worsening borrower health, lower future profits and higher risk to a bank’s capital.
30+ day performing delinquency rate financial
"30+ day performing delinquency rate is calculated by dividing 30+ day performing delinquent loans as of the end of the period"
Nonperforming loan rate financial
"Nonperforming loan rate is calculated by dividing nonperforming loans as of the end of the period by period-end loans held for investment"
The nonperforming loan rate is the share of a lender’s loans where borrowers have stopped making agreed payments for an extended period, typically moving toward default. It matters to investors because a rising rate signals more credit problems, higher potential losses and pressure on a lender’s profits and capital — like tracking how many customers never paid their bills to judge a business’s financial health.
Loans held for investment financial
"loans held for investment during the period for the specified loan category"
Loans held for investment are loans a bank or lender plans to keep on its balance sheet and collect payments from, rather than sell to another party. Think of it like owning a rental property instead of flipping it: the owner expects steady income but also carries the risk that borrowers may stop paying, so investors watch this line to judge a lender’s interest income stability, credit quality, and liquidity needs.
Billed finance charges and fees financial
"Period-end loans held for investment and average loans held for investment include billed finance charges and fees"
Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________
FORM 8-K
____________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
May 14, 2026
Date of Report (Date of earliest event reported)
____________________________________
CAPITAL ONE FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
____________________________________
Delaware001-1330054-1719854
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
1680 Capital One Drive,
McLean,Virginia 22102
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (703) 720-1000
(Not applicable)
(Former name or former address, if changed since last report)
____________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)Name of Each Exchange on Which Registered
Common Stock (par value $.01 per share)COF
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series ICOF PRI
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series JCOF PRJ
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series KCOF PRK
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series LCOF PRL
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series NCOF PRN
New York Stock Exchange
1.650% Senior Notes Due 2029COF29
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company     ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 7.01    Regulation FD Disclosure.
 
Capital One Financial Corporation (the “Company”) hereby furnishes the information in Exhibit 99.1 hereto, Monthly Charge-Off and Delinquency Metrics - As of and for the month ended April 30, 2026.
 
Note: Information in this report (including the exhibit) furnished pursuant to Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD. Furthermore, the information provided in Exhibit 99.1 shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.
 
Item 9.01    Financial Statements and Exhibits.
 
(d) Exhibits
Exhibit No.Description
99.1
Monthly Charge-Off and Delinquency Metrics - As of and for the month ended April 30, 2026
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

1




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
CAPITAL ONE FINANCIAL CORPORATION
Date: May 14, 2026
By:/s/ TIMOTHY P. GOLDEN
Timothy P. Golden
Chief Accounting Officer

2
                        

Exhibit 99.1
 
Capital One Financial Corporation
Monthly Charge-Off and Delinquency Metrics
As of and for the month ended April 30, 2026
Loans Held for InvestmentNet Charge-Offs30+ Day Performing DelinquenciesNonperforming Loans
(Dollars in millions, except as noted)AveragePeriod-EndAmount
Rate(1)
Amount
Rate(2)
Amount
Rate(3)
Credit Card:(4)
    Domestic
$253,124 $255,320 $1,042 4.94 %$8,781 3.44 %N/AN/A
Consumer Banking:
    Auto86,246 86,847 86 1.20 3,488 4.02 $477 0.55 %
___________________
(1)Net charge-off rate is calculated by dividing annualized net charge-offs for the period by average loans held for investment during the period for the specified loan category. Net charge-offs and the net charge-off rate are impacted periodically by fluctuations in recoveries, including impacts of debt sales.
(2)30+ day performing delinquency rate is calculated by dividing 30+ day performing delinquent loans as of the end of the period by period-end loans held for investment for the specified loan category.
(3)Nonperforming loan rate is calculated by dividing nonperforming loans as of the end of the period by period-end loans held for investment for the specified loan category.
(4)Period-end loans held for investment and average loans held for investment include billed finance charges and fees. We recognize billed finance charges and fee income on open-ended loans in accordance with the contractual provisions of the credit arrangements and estimate the uncollectible amount on a quarterly basis. Billed finance charges and fees that are ultimately uncollectible are reflected as a reduction in revenue and not included in our net charge-offs.








Source: View Original Filing on SEC EDGAR

FAQ

What did Capital One (COF) disclose in its April 2026 credit metrics 8-K?

Capital One disclosed April 2026 monthly credit-quality metrics for key loan portfolios. The report details loans held for investment, net charge-offs, 30+ day performing delinquencies, and nonperforming loans for domestic credit card and consumer banking auto segments, using standardized rate calculations.

What were Capital One’s domestic credit card net charge-offs in April 2026?

Domestic credit card net charge-offs were $1,042 million in April 2026. This produced a net charge-off rate of 4.94%, based on annualized net charge-offs divided by average loans held for investment of $253,124 million during the period for that loan category.

How high were Capital One’s credit card delinquencies as of April 30, 2026?

30+ day performing delinquencies in domestic credit cards totaled $8,781 million as of April 30, 2026. This represented a 3.44% delinquency rate, calculated as delinquent loans divided by period-end loans held for investment of $255,320 million in that portfolio.

What were Capital One’s auto loan net charge-offs and delinquency rates in April 2026?

In consumer banking auto loans, net charge-offs were $86 million with a 1.20% net charge-off rate. 30+ day performing delinquencies were $3,488 million, giving a 4.02% delinquency rate on period-end auto loans of $86,847 million held for investment.

How large was Capital One’s auto loan portfolio at the end of April 2026?

Capital One’s consumer banking auto loans held for investment totaled $86,847 million at period-end April 30, 2026. Average auto loans during the month were $86,246 million, providing the base for calculating net charge-off rates in the furnished credit metrics.

How does Capital One calculate its reported net charge-off and delinquency rates?

The net charge-off rate is annualized net charge-offs divided by average loans held for investment for each category. The 30+ day performing delinquency rate is delinquent loans at period-end divided by period-end loans, while nonperforming loan rates use nonperforming balances over period-end loans.

How are billed finance charges and fees treated in Capital One’s credit card metrics?

For domestic credit cards, period-end and average loans held for investment include billed finance charges and fees. Capital One recognizes this income under credit agreement terms and estimates uncollectible amounts quarterly; uncollectible billed charges reduce revenue rather than being classified as net charge-offs.

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