January 2026 credit trends at Capital One (NYSE: COF) detailed

Rhea-AI Filing Summary

Capital One Financial Corporation released monthly credit quality metrics for the period ended January 31, 2026. In its domestic credit card portfolio, average loans held for investment were $257,404 million, with net charge-offs of $1,082 million, yielding a 5.04% net charge-off rate. Thirty‑plus day performing delinquencies in this portfolio totaled $10,402 million, a 4.04% delinquency rate.

In consumer banking auto loans, average loans held for investment were $83,965 million and period‑end loans were $84,134 million. Auto net charge-offs were $136 million, a 1.94% net charge-off rate. Thirty‑plus day performing auto delinquencies were $4,003 million, a 4.76% rate, and nonperforming auto loans were $531 million, a 0.63% nonperforming loan rate.

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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

February 13, 2026

Date of Report (Date of earliest event reported)

____________________________________

CAPITAL ONE FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

____________________________________

Delaware						001-13300			54-1719854
(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 I			COF 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 J			COF 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 K			COF 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 L			COF 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 N			COF PRN			New York Stock Exchange
1.650% Senior Notes Due 2029			COF29			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 January 31, 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 January 31, 2026
104						The 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: February 13, 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 January 31, 2026

						Loans Held for Investment												Net Charge-Offs												30+ Day Performing Delinquencies												Nonperforming Loans
(Dollars in millions, except as noted)						Average						Period-End						Amount						Rate(1)						Amount						Rate(2)						Amount						Rate(3)
Credit Card:(4)
Domestic						$	257,404					$	257,219					$	1,082					5.04		%				$	10,402					4.04		%				N/A						N/A
Consumer Banking:
Auto						83,965						84,134						136						1.94						4,003						4.76						$	531					0.63		%

___________________

(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.

FAQ

What credit card metrics did Capital One (COF) report for January 2026?

Capital One reported domestic credit card average loans held for investment of $257,404 million for January 2026. Net charge-offs were $1,082 million, producing a 5.04% net charge-off rate, while 30+ day performing delinquencies reached $10,402 million, a 4.04% delinquency rate.

What auto loan performance did Capital One (COF) disclose for January 2026?

For consumer banking auto loans, Capital One reported average loans held for investment of $83,965 million and period-end loans of $84,134 million. Net charge-offs were $136 million with a 1.94% net charge-off rate, and 30+ day performing delinquencies were $4,003 million, a 4.76% rate.

How high were Capital One’s nonperforming auto loans in January 2026?

Capital One reported nonperforming consumer banking auto loans of $531 million as of January 31, 2026. This balance translated into a 0.63% nonperforming loan rate, based on period-end auto loans held for investment, indicating the share of auto loans not currently performing.

What do Capital One’s net charge-off rates measure in these metrics?

Net charge-off rates measure annualized net credit losses relative to average loans held for investment in each category. Capital One calculates them by dividing annualized net charge-offs for the period by average loans, with results of 5.04% for domestic credit cards and 1.94% for auto loans in January 2026.

How are Capital One’s 30+ day delinquency rates defined in the January 2026 data?

The 30+ day performing delinquency rate is calculated by dividing 30+ day performing delinquent loans at period-end by period-end loans held for investment. For January 2026, Capital One’s domestic credit card delinquency rate was 4.04%, and the auto loan delinquency rate was 4.76%.

How does Capital One treat billed finance charges and fees in these loan metrics?

For open-ended credit card loans, Capital One includes billed finance charges and fees in period-end and average loans held for investment. These charges are recognized under contractual terms, and amounts ultimately deemed uncollectible reduce revenue rather than being counted in net charge-offs.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 23.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 4.4 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 18.6 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 36.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 19.3 KB