Capital One Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2017
For the full year, the company announced net interest income of $22,460 million compared to $20,873 million for the same period a year ago. Total net revenue was $27,237 million compared to $25,501 million for the same period a year ago. Income from continuing operations before income taxes was $5,492 million compared to $5,484 million for the same period a year ago. Income from continuing operations, net of tax was $2,117 million compared to $3,770 million for the same period a year ago. Net income available to common stockholders was $1,704 million or $3.49 per diluted share compared to $3,513 million or $6.89 per diluted share for the same period a year ago. Tangible book value per common share (period-end) was $60.28 compared to $57.76 for the same period a year ago. Return on average assets was 0.60% compared to 1.11% for the same period a year ago. Return on average common equity was 4.07% compared to 7.82% for the same period a year ago. Total interest income was $25,222 million compared to $22,891 million for the same period a year ago.
For the fourth quarter ended December 31, 2017, the company announced net charge-offs of $1.8 billion.