McLean, Va.-based CapitalOne Financial Corp. on April 26 reported first-quarter net income availableto common stockholders of $970 million, or $1.84 per share, compared to $848 million,or $1.58 per share, for the linkedperiod. For the same perioda year ago, net income available to common stockholders was $1.12 billion,or $2.03 per share.
The S&P Capital IQ consensus estimate for normalized EPSfor the most recent quarter was $1.92.
Total net revenue remained flat at $6.22 billion, compared to$6.19 billion in the previous quarter and $5.65 billion in the year-earlier quarter.
The company's net interest margin for the latest quarter was6.75%, compared to 6.79% for the fourth quarter of 2015 and 6.57% for the year-agoperiod.
Net charge-offs were $1.18 billion, compared to $1.08 billionin the preceding period and $881 million for the first quarter of 2015. The quarter'sprovision for credit losses was $1.53 billion, compared to $1.38 billion in theprevious period and $935 million in the year-ago period.