Net Income improved $380 million, or 60 percent, from Q1 2010 and $319
million, or 46 percent, from Q4 2010

Results driven by positive credit trends and strong revenues

Card loan volumes declined consistent with historical seasonal trends;
purchase volumes and account originations remain strong

Growth emerging in Auto and Commercial

Continued strong deposit growth

Strong capital generation: TCE increased to 7.3 percent from 6.9
percent; Tier 1 common dipped to 8.4 percent from 8.8 percent with the
final phase-in of FAS 166/167

PR Newswire -- April 21, 2011

MCLEAN, Va., April 21, 2011 /PRNewswire/ --Capital One Financial Corporation
(NYSE: COF) today announced net income for the first quarter of 2011 of $1.0
billion, or $2.21 per common share, compared with net income of $636 million, or
$1.40 per common share, in the first quarter of 2010 and net income of $697
million, or $1.52 per common share, in the fourth quarter of 2010.

"We are gaining momentum across our businesses, and the period of shrinking
loans through the Great Recession came to an end in the first quarter," said
Richard D. Fairbank, Capital One's Chairman and Chief Executive Officer. "Our
solid first quarter results and our strong and resilient balance sheet put us in
a good position to continue to generate capital and deliver strong and
sustainable returns to our shareholders."

Total Company Results

-- Total revenue in the first quarter of 2011 of $4.1 billion increased
$120 million, or 3.0 percent, from the fourth quarter of 2010, as a
result of increasing margins and relatively stable average loans.
o Net interest income increased $117 million, or 3.9 percent, from the
prior quarter.
o Net interest margin increased to 7.24 percent from 6.95 percent,
driven by higher asset yields in the company's Card and Auto
businesses and a nine basis point decrease in the company's cost of
funds.
-- The cost of funds decreased to 1.41 percent in the first quarter from
1.50 percent in the prior quarter, driven by the mix shift toward
lower-cost deposits.
-- Non-interest expense of $2.2 billion in the first quarter of 2011
increased $71 million, or 3.4 percent, from the prior quarter.One-time
operating costs were partially offset by seasonally lower marketing
expense.
-- Provision expense of $534 million in the first quarter decreased $305
million from the prior quarter, driven by a $249 million reduction in
net charge-offs.
-- Net charge-offs as a percentage of average loans was 3.66 percent in the
first quarter of 2011 compared with 4.45 percent in the prior quarter
and 6.02 percent in first quarter of 2010.
-- Period-end loans held for investment declined $1.9 billion, or 1.5
percent, in the first quarter to $124.1 billion at March 31, 2011.
o Excluding the expected run-off in the company's Installment Loan
portfolio in Domestic Card, Home Loan portfolio in Consumer Banking
and Small-Ticket Commercial Real Estate portfolio in Commercial
Banking, total company loan balances declined approximately $824
million in the first quarter of 2011.
-- Average total deposits increased $2.4 billion, or 2.0 percent, during
the quarter to $124.2 billion. Period-end total deposits increased by
$3.2 billion, or 2.6 percent, to $125.4 billion.
-- The company's Tier 1 common equity ratio of 8.4 percent dipped 40 basis
points from 8.8 percent in the prior quarter. The first quarter of 2011
marked the final quarter of the regulatory phase-in of the
implementation of FAS 166/167.
-- The tangible common equity (TCE) ratio increased to 7.3 percent in the
first quarter from 6.9 percent in the fourth quarter of 2010.

"We expect that our strong capital and capital generation will enable us to
deploy substantial capital for the benefit of our shareholders," said Gary L.
Perlin, Capital One's Chief Financial Officer.

Segment Results

The company reports the results of its business through three operating
segments: Credit Card, Commercial Banking and Consumer Banking. Please refer to
the Financial Supplement for additional details.

Credit Card Highlights

For more lending information and statistics on the segment results, please refer
to the Financial Supplement.

-- Period-end loans in the Domestic Card segment were $50.6 billion in the
first quarter, a decline of 6.1 percent from the prior quarter, as a
result of the expected run-off of the Installment Loan portfolio and
seasonal declines. Average loan balances in the quarter declined by 2.4
percent.
-- Excluding the run-off of the Installment Loans, loans declined $2.7
billion, or 5.3 percent, in Domestic Card compared to the fourth quarter
of 2010.
-- First quarter Domestic Card purchase volumes grew $3.0 billion, or 13.8
percent, from the first quarter of 2010 but declined by $2.0 billion, or
7.3 percent, compared to the fourth quarter of 2010 due to seasonal
patterns.
-- Domestic Card revenue margin increased 56 basis points to 17.22 percent
in the first quarter from 16.66 percent in the prior quarter driven by
continued favorable credit impacts and mix shifts within the portfolio.
-- Domestic Card provision expense decreased $275 million in the first
quarter from the prior quarter. Strong underlying credit improvement
trends, lower bankruptcy losses and higher recoveries more than offset
expected seasonal headwinds.
-- International Card results were driven primarily by the acquisition of
the Hudson's Bay Company (HBC) private label credit card portfolio in
the quarter.
o Credit card loans increased by $1.2 billion, or 16.1 percent, to $8.7
billion
o Inclusion of HBC drove non-interest expense higher by approximately
$30 million for the quarter
o Higher provision was due primarily to a one-time allowance build for
the HBC portfolio of $105 million

-- Net charge-off rates relative to the prior quarter:
o Domestic Card - improved 108 basis points to 6.20 percent from 7.28
percent
o International Card - improved 94 basis points to 5.74 percent from
6.68 percent

-- Delinquency rates relative to the prior quarter:
o Domestic Card - improved 50 basis points to 3.59 percent from 4.09
percent
o International Card - improved 20 basis points to 5.55 percent from
5.75 percent

Commercial Banking Highlights

For more lending information and statistics on the segment results, please refer
to the Financial Supplement.

The Commercial Banking segment consists of commercial and multi-family
real-estate, middle market lending and specialty lending.

-- Revenues of $392 million and period-end loans of $30.0 billion grew
modestly compared to the fourth quarter.
-- Provision expense decreased $49 million from the fourth quarter to a
negative provision of $15 million as a result of an allowance release
and improving net charge-offs in the quarter.
-- Period-end deposits grew $1.6 billion, or 7.1 percent, from the fourth
quarter to $24.2 billion. The deposit interest expense rate improved 6
basis points to 55 basis points.
-- Net charge-off rate relative to the prior quarter:
o Total Commercial Banking - improved 64 basis points to 0.79 percent
from 1.43 percent
o Commercial lending - improved 62 basis points to 0.38 percent from 1.0
percent

-- Nonperforming asset rate relative to the prior quarter:
o Total Commercial Banking - 1.95 percent, an increase of 15 basis
points
o Commercial lending - 1.86 percent, an increase of 10 basis points

Consumer Banking Highlights

For more lending information and statistics on the segment results, please refer
to the Financial Supplement.

-- Revenues increased $23 million in the first quarter to $1.2 billion,
driven by higher margins in the Auto Finance business. Non-interest
expense decreased $30 million during the quarter, due primarily to
reduced marketing expenditures.

-- Provision expense decreased $94 million, or nearly 50 percent, from the
prior quarter as a result of better credit performance in Auto Finance,
Home Loans and Retail Banking.

-- Net charge-off rates relative to the prior quarter:
o Auto - 1.98 percent, a decline of 67 basis points
o Home Loans - 0.71 percent, a decline of 18 basis points
o Retail Banking - 2.24 percent, a decline of 16 basis points

-- Period-end loans were relatively stable in the first quarter with an
increase in auto loans offset by continued run-off in home loans.
Period-end loans relative to the prior quarter:
o Auto - growth of $475 million, or 2.7 percent, to $18.3 billion
o Home Loans - a decline of $362 million, or 3.0 percent, to $11.7
billion, due to continued run-off of the portfolio
o Retail Banking - a decline of $190 million, or 4.3 percent, to $4.2
billion

-- Deposits in Consumer Banking showed strong growth in the quarter, with
period-end deposits increasing $3.4 billion, or 4.1 percent from the
fourth quarter, to $86.4 billion.

Tier 1 common equity ratio and related ratios, as used throughout this release,
are non-GAAP financial measures. For additional information, see Table 12 in the
Financial Supplement.

Forward looking statements

The company cautions that its current expectations in this release dated April
21, 2011, and the company's plans, objectives, expectations, and intentions, are
forward-looking statements which speak only as of the date hereof. The company
does not undertake any obligation to update or revise any of the information
contained herein whether as a result of new information, future events or
otherwise. Actual results could differ materially from current expectations due
to a number of factors, including: general economic conditions in the U.S., the
UK, Canada or the company's local markets, including conditions affecting
consumer income, confidence, spending, and savings which may affect consumer
bankruptcies, defaults, charge-offs, deposit activity, and interest rates;
financial, legal, regulatory, tax or accounting changes or actions, including
the impact of the Dodd-Frank Act and the regulations promulgated thereunder;
developments, changes or actions relating to any litigation matter involving the
company; increases or decreases in interest rates; the success of the company's
marketing efforts in attracting or retaining customers; changes in the credit
environment; increases or decreases in the company's aggregate loan balances or
the number of customers and the growth rate and composition thereof; the level
of future repurchase or indemnification requests the company may receive, the
actual future performance of mortgage loans relating to such requests, the
success rates of claimants against the company, any developments in litigation
and the actual recoveries the company may make on any collateral relating to
claims against it; changes in the reputation of or expectations regarding the
financial services industry or the company with respect to practices, products,
or financial condition; any significant disruption in the company's operations
or technology platform; the company's ability to execute on its strategic and
operational plans; changes in the labor and employment market; and competition
from providers of products and services that compete with the company's
businesses. A discussion of these and other factors can be found in the
company's annual report and other reports filed with the Securities and Exchange
Commission, including, but not limited to, the company's report on Form 10-K for
the fiscal year ended December 31, 2010.

AboutCapital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A. and Capital One Bank
(USA), N. A., had $125.4 billion in deposits and $199.3 billion in total assets
outstanding as of March 31, 2011. Headquartered in McLean, Virginia, Capital One
offers a broad spectrum of financial products and services to consumers, small
businesses and commercial clients. Capital One, N.A. has approximately 1,000
branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland,
Virginia and the District of Columbia. A Fortune 500 company, Capital One trades
on the New York Stock Exchange under the symbol "COF" and is included in the S&P
100 index.

NOTE:

First quarter 2011 financial results, SEC Filings, and earnings conference call
slides are accessible on Capital One's home page (www.capitalone.com). Choose
"Investors" on the bottom of the home page to view and download the earnings
press release, slides and other financial information. Additionally, a podcast
and webcast of the earnings conference call is accessible through the same link.

Exhibit
99.2
Capital One Financial Corporation
Financial Supplement
First Quarter 2011
Table of Contents

Page
----
Capital One Financial Consolidated
Table 1: Financial & Statistical Summary--Consolidated 1
Notes to Consolidated Financial & Statistical
Table 2: Summary (Table 1) 2
Table 3: Consolidated Statements of Income 3
Table 4: Consolidated Balance Sheets 4
Average Balances, Net Interest Income and Net
Table 5: Interest Margin 5
Table 6: Loan Information and Performance Statistics 6
Business Segment Detail
Financial & Statistical Summary--Credit Card
Table 7: Business 7
Financial & Statistical Summary--Consumer
Table 8: Banking Business 8
Financial & Statistical Summary--Commercial
Table 9: Banking Business 9
Table 10: Financial & Statistical Summary--Other and Total 10
Notes to Loan and Business Segment Disclosures
Table 11: (Tables 6 - 10) 11
Other
Reconciliation of Non-GAAP Measures and
Table 12: Calculation of Regulatory Capital Measures 12

CAPITAL ONE FINANCIAL CORPORATION
(COF)
Table 1: Financial & Statistical
Summary-Consolidated

2011 2010 2010
(Dollars in millions, except per
share data and as noted)
(unaudited) Q1 Q4 Q1
--- --- ---
Earnings
--------
Net interest income $3,140 $3,023 $3,228
Non-interest income (1)(2) 942 939 1,061 (3)
--- --- -----
Total revenue (4) $4,082 $3,962 $4,289
Provision for loan and lease losses 534 839 1,478
Marketing expenses 276 308 180
Operating expenses (5) 1,886 1,783 1,667
----- ----- -----
Income from continuing operations
before income taxes $1,386 $1,032 $964
Income tax provision 354 331 244
--- --- ---
Income from continuing operations,
net of tax 1,032 701 720
Loss from discontinued operations,
net of tax(2) (16) (4) (84)
--- --- ---
Net income $1,016 $697 $636
====== ==== ====

Common Share Statistics
-----------------------
Basic EPS:
Income from continuing operations,
net of tax $2.27 $1.55 $1.59
Loss from discontinued operations,
net of tax (0.03) (0.01) (0.18)
----- ----- -----
Net income per common share $2.24 $1.54 $1.41
===== ===== =====
Diluted EPS:
Income from continuing operations,
net of tax $2.24 $1.53 $1.58
Loss from discontinued operations,
net of tax (0.03) (0.01) (0.18)
----- ----- -----
Net income per common share $2.21 $1.52 $1.40
===== ===== =====
Weighted average common shares
outstanding:
Basic EPS 454.1 452.7 451.0
Diluted EPS 460.3 457.2 455.4
Common shares outstanding (period
end) 455.2 452.8 451.9
Dividends per common share $0.05 $0.05 $0.05
Tangible book value per common
share (period end)(6) 29.70 27.73 22.86
Stock price per common share
(period end) 51.96 42.56 41.41
Total market capitalization (period
end) 23,652 19,271 18,713

Balance Sheet (Period End)
--------------------------
Loans held for investment $124,092 $125,947 $130,115
Interest-earning assets 172,849 172,024 174,237
Total assets 199,300 197,503 200,708
Tangible assets (7) 184,928 183,158 186,647
Interest-bearing deposits 109,097 107,162 104,013
Total deposits 125,446 122,210 117,787
Borrowings 39,797 41,796 52,672
Stockholders' equity 27,550 26,541 24,374
Tangible common equity (TCE) (8) 13,520 12,558 10,330

Balance Sheet (Quarterly Average
Balances)
--------------------------------
Average loans held for investment $125,077 $125,441 $134,206
Average interest-earning assets 173,540 173,992 181,902
Average total assets 198,075 197,704 207,232
Average interest-bearing deposits 108,633 106,597 104,018
Average total deposits 124,158 121,736 117,530
Average borrowings 40,538 42,428 59,973
Average stockholders' equity 27,009 26,255 23,681

Performance Metrics
-------------------
Net interest income growth (quarter
over quarter) 4% (3)% 65%
Non-interest income growth(quarter
over quarter) 0 4 (25)
Revenue growth(quarter over
quarter) 3 (1) 27
Revenue margin (9) 9.41 9.11 9.43
Net interest margin (10) 7.24 6.95 7.10
Risk-adjusted margin (11) 6.77 5.90 4.99
Return on average assets (12) 2.08 1.42 1.39
Return on average equity (13) 15.28 10.68 12.16
Return on average tangible common
equity(14) 31.73 22.90 29.98
Non-interest expense as a % of
average loans held for investment
(15) 6.91 6.67 5.50
Efficiency ratio (16) 52.96 52.78 43.06
Effective income tax rate 25.5 32.1 25.3
Full-time equivalent employees (in
thousands) 27.9 25.7 25.9

Credit Quality Metrics (17)
---------------------------
Allowance for loan and lease losses $5,067 $5,628 $7,752
Allowance as a % of loans held for
investment 4.08% 4.47% 5.96%
Net charge-offs $1,145 $1,394 $2,018
Net charge-off rate (18) 3.66% 4.45% 6.02%
30+ day performing delinquency rate 3.11 3.60 4.22

Capital Ratios
--------------
Tier 1 risk-based capital ratio
(19) 10.9% 11.6% 9.6%
Tier 1 common equity ratio (20) 8.4 8.8 6.5
Total risk-based capital ratio (21) 14.2 16.8 16.9
Tangible common equity (TCE)
ratio(22) 7.3 6.9 5.5

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 2: Notes to Consolidated Financial & Statistical Summary
(Table 1)

Includes the impact from the change in fair value of retained
interests, including interest-only strips, which totaled $7
million in Q1 2011, $8 million in Q4 2010, and $(36) million
(1) in Q1 2010.

The mortgage representation and warranty reserve increased to
$846 million as of March 31, 2011, from $816 million as of
December 31, 2010. We recorded a provision for repurchase
losses of $44 million in Q1 2011, $(7) million in Q4 2010,
and $224 million in Q1 2010. The majority of the provision
for repurchase losses is included in discontinued
operations, with the remaining portion included in non-
(2) interest income.

During Q1 2010, certain mortgage trusts were deconsolidated
as a result of the sale of interest-only bonds associated
with the trusts. The net effect of the deconsolidation
resulted in a gain of $128 million, which is included in
(3) non-interest income.

The estimated uncollectible portion of billed finance charges
and fees excluded from revenue totaled $105 million in Q1
(4) 2011, $144 million in Q4 2010, and $354 million in Q1 2010.

Includes core deposit intangible amortization expense of $45
million in Q1 2011, $47 million in Q4 2010, and $52 million
in Q1 2010 and integration costs of $2 million in Q1 2011,
(5) $15 million in Q4 2010, and $17 million in Q1 2010.

Tangible book value per common share is a non-GAAP measure
calculated based on tangible common equity divided by common
shares outstanding. See "Table 12: Reconciliation of Non-
GAAP Measures and Calculation of Regulatory Capital
(6) Measures" for the calculation of this measure.

Tangible assets is a non-GAAP measure consisting of total
assets less assets from discontinued operations and
intangible assets. See "Table 12: Reconciliation of Non-
GAAP Measures and Calculation of Regulatory Capital
(7) Measures" for the calculation of this measure.

Tangible common equity is a non-GAAP measure consisting of
total stockholders' equity less intangible assets. See
"Table 12: Reconciliation of Non-GAAP Measures and
Calculation of Regulatory Capital Measures" for the
(8) calculation of this measure.

Calculated based on annualized total revenue for the period
(9) divided by average interest-earning assets for the period.

Calculated based on annualized net interest income for the
period divided by average interest-earning assets for the
(10) period.

Calculated based on annualized total revenue less net charge-
offs for the period divided by average interest-earning
(11) assets for the period.

Calculated based on annualized income from continuing
operations, net of tax, for the period divided by average
(12) total assets for the period.

Calculated based on annualized income from continuing
operations, net of tax, for the period divided by average
(13) stockholders' equity for the period.

Calculated based on annualized income from continuing
operations, net of tax, for the period divided by average
(14) tangible common equity for the period.

Calculated based on annualized non-interest expense,
excluding restructuring and goodwill impairment charges, for
the period divided by average loans held for investment for
(15) the period.

Calculated based on non-interest expense, excluding
restructuring and goodwill impairment charges, for the
(16) period divided by total revenue for the period.

Purchased credit impaired (PCI) loans acquired as part of the
Chevy Chase Bank (CCB) acquisition are included in the
denominator used in calculating the credit quality metrics
presented in Table 1. These metrics excluding the impact of
loans acquired from CCB from the denominator are presented
(17) below:

2011 2010 2010
(Dollars in millions) (unaudited) Q1 Q4 Q1
--------------------------------- --- --- ---
CCB period-end acquired loan portfolio $5,351 $5,532 $6,799
CCB average acquired loan portfolio 5,305 5,633 7,037
Allowance as a % of loans held for investment,
excluding CCB loans 4.27% 4.67% 6.29%
Net charge-off rate, excluding CCB loans 3.82 4.65 6.35
30+ day performing delinquency rate
(Reported), excluding CCB 3.25 3.76 4.46

(18) Calculated based on annualized net charge-offs for the period
divided by average loans held for investment for the period.
Average loans held for investment include purchased credit impaired
loans acquired as part of the Chevy Chase Bank acquisition.

(19) Tier 1 risk-based capital ratio is a regulatory measure calculated
based on Tier 1 capital divided by risk-weighted assets. See "Table
12: Reconciliation of Non-GAAP Measures and Calculation of
Regulatory Capital Measures" for the calculation of this ratio.

(20) Tier 1 common equity ratio is a non-GAAP measure calculated based on
Tier 1 common equity divided by risk-weighted assets. See "Table
12: Reconciliation of Non-GAAP Measures and Calculation of
Regulatory Capital Measures" for the calculation of this ratio and
non-GAAP reconciliation.

(21) Total risk-based capital ratio is regulatory capital measure
calculated based on total risk-based capital divided by risk-
weighted assets. See "Table 12: Reconciliation of Non-GAAP Measures
and Calculation of Regulatory Capital Measures" for the calculation
of this ratio.

(22) Tangible common equity ratio ("TCE ratio") is a non-GAAP measure
calculated based on tangible common equity divided by tangible
assets. See "Table 12: Reconciliation of Non-GAAP Measures and
Calculation of Regulatory Capital Measures" for the calculation of
this ratio and non-GAAP reconciliation.

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 3: Consolidated Statements of Income

Three Months Ended
------------------
March 31, December 31, March 31,
(Dollars in millions,
except per share data)
(unaudited) 2011 2010 2010
----------------------- ---- ---- ----

Interest income:
Loans held for investment,
including past-due fees $3,417 $3,352 $3,658
Investment securities 316 305 349
Other 19 17 23
--- --- ---
Total interest
income 3,752 3,674 4,030

Interest expense:
Deposits 322 340 399
Securitized debt
obligations 146 165 242
Senior and subordinated
notes 64 65 68
Other borrowings 80 81 93
--- --- ---
Total interest
expense 612 651 802

Net interest income 3,140 3,023 3,228
Provision for loan and
lease losses 534 839 1,478
--- --- -----
Net interest income after
provision for loan and
lease losses 2,606 2,184 1,750

Non-interest income:
Servicing and
securitizations 11 12 (36)
Service charges and other
customer-related fees 525 496 585
Interchange 320 350 311
Net other-than-temporary
impairment losses
recognized in earnings (3) (3) (31)
Other 89 84 232
--- --- ---
Total non-
interest
income 942 939 1,061

Non-interest expense:
Salaries and associate
benefits 741 657 646
Marketing 276 308 180
Communications and data
processing 164 182 169
Supplies and equipment 135 139 124
Occupancy 119 114 120
Other 727 691 608
--- --- ---
Total non-
interest
expense 2,162 2,091 1,847

Income from continuing
operations before income
taxes 1,386 1,032 964
Income tax provision 354 331 244
--- --- ---
Income from continuing
operations, net of tax 1,032 701 720
Loss from discontinued
operations, net of tax (16) (4) (84)
--- --- ---
Net income $1,016 $697 $636
====== ==== ====

Basic earnings per common
share:
Income from continuing
operations, net of tax $2.27 $1.55 $1.59
Loss from discontinued
operations, net of tax (0.03) (0.01) (0.18)
----- ----- -----
Net income per common share $2.24 $1.54 $1.41
===== ===== =====

Diluted earnings per common
share:
Income from continuing
operations $2.24 $1.53 $1.58
Loss from discontinued
operations (0.03) (0.01) (0.18)
----- ----- -----
Net income per common share $2.21 $1.52 $1.40
===== ===== =====

Weighted average common
shares outstanding (in
millions):
Basic EPS 454.1 452.7 451.0
Diluted EPS 460.3 457.2 455.4

Dividends per common share $0.05 $0.05 $0.05

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 4: Consolidated Balance Sheets

March 31, December 31, March 31,

(Dollars in
millions)(unaudited) 2011 2010 2010
--------------------- ---- ---- ----

Assets:
Cash and due from banks $2,028 $2,067 $2,929
Interest-bearing deposits with
banks 5,397 2,776 4,092
Federal funds sold and
repurchase agreements 546 406 477
--- --- ---
Cash and cash equivalents 7,971 5,249 7,498
Restricted cash for
securitization investors 2,556 1,602 3,286
Securities available for sale,
at fair value 41,566 41,537 38,251
Loans held for investment:
Unsecuritized loans held
for investment, at
amortized cost 75,184 71,921 72,592
Restricted loans for
securitization investors 48,908 54,026 57,523

Total loans held for
investment 124,092 125,947 130,115
Less: Allowance for loan
and lease losses (5,067) (5,628) (7,752)

Net loans held for
investment 119,025 120,319 122,363
Loans held for sale, at lower-
of-cost-or-fair-value 117 228 248
Accounts receivable from
securitizations 112 118 206
Premises and equipment, net 2,739 2,749 2,735
Interest receivable 1,025 1,070 1,135
Goodwill 13,597 13,591 13,589
Other 10,592 11,040 11,397
------ ------ ------
Total assets $199,300 $197,503 $200,708

Liabilities:
Interest payable $411 $488 $522
Customer deposits:
Non-interest bearing
deposits 16,349 15,048 13,773
Interest-bearing deposits 109,097 107,162 104,013

Total customer deposits 125,446 122,210 117,786
Securitized debt obligations 24,506 26,915 37,830
Other debt:
Federal funds purchased
and securities loaned or
sold under agreements to
repurchase 1,970 1,517 840
Senior and subordinated
notes 8,545 8,650 9,134
Other borrowings 4,776 4,714 4,868

Total other debt 15,291 14,881 14,842
Other liabilities 6,096 6,468 5,353
----- ----- -----
Total liabilities 171,750 170,962 176,333

Stockholders' equity:
Common stock 5 5 5
Paid-in capital, net 19,141 19,084 18,991
Retained earnings and
accumulated other
comprehensive income 11,644 10,654 8,577
Less: Treasury stock, at
cost (3,240) (3,202) (3,198)

Total stockholders' equity 27,550 26,541 24,375

Total liabilities and
stockholders' equity $199,300 $197,503 $200,708

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 5: Average Balances, Net Interest Income and Net Interest Margin

Quarter Ended 03/31/11
----------------------
Interest
Average Income/ Yield/
Balance Expense Rate

(Dollars in millions)(unaudited)
Interest-earning assets:
Loans held for investment $125,077 $3,417 10.93%
Investment securities 41,532 316 3.04
Other 6,931 19 1.10
----- --- ----
Total interest-earning assets $173,540 $3,752 8.65%
-------- ------ ----

Interest-bearing liabilities:
Interest-bearing deposits
NOW accounts $13,648 $9 0.26%
Money market deposit accounts 45,613 110 0.96
Savings accounts 26,801 55 0.82
Other consumer time deposits 15,344 99 2.58
Public fund CD's of $100,000 or
more 149 1 2.68
CD's of $100,000 or more 6,097 47 3.08
Foreign time deposits 981 1 0.41
--- --- ----
Total interest-bearing deposits $108,633 $322 1.19%
Securitized debt obligations 25,515 146 2.29
Senior and subordinated notes 8,090 64 3.16
Other borrowings 6,933 80 4.62
----- --- ----
Total interest-bearing
liabilities $149,171 $612 1.64%
-------- ---- ----

Net interest income/spread $3,140 7.01%
====== ====

Interest income to average
interest-earning assets 8.65%
Interest expense to average
interest-earning assets 1.41
Net interest margin 7.24%
====

Quarter Ended 12/31/10
----------------------
Interest
Average Income/ Yield/
Balance Expense Rate

(Dollars in millions)(unaudited)
Interest-earning assets:
Loans held for investment $125,441 $3,352 10.69%
Investment securities 41,004 305 2.98
Other 7,547 17 0.90
----- --- ----
Total interest-earning assets $173,992 $3,674 8.45%
-------- ------ ----

Interest-bearing liabilities:
Interest-bearing deposits
NOW accounts $12,918 $8 0.25%
Money market deposit accounts 43,822 110 1.00
Savings accounts 25,121 54 0.86
Other consumer time deposits 16,941 112 2.64
Public fund CD's of $100,000 or
more 204 1 1.96
CD's of $100,000 or more 6,696 54 3.23
Foreign time deposits 895 1 0.45
--- --- ----
Total interest-bearing deposits $106,597 $340 1.28%
Securitized debt obligations 27,708 165 2.38
Senior and subordinated notes 8,096 65 3.21
Other borrowings 6,624 81 4.89
----- --- ----
Total interest-bearing
liabilities $149,025 $651 1.75%
-------- ---- ----

Net interest income/spread $3,023 6.70%
====== ====

Interest income to average
interest-earning assets 8.45%
Interest expense to average
interest-earning assets 1.50
Net interest margin 6.95%
====

Quarter Ended 03/31/10
----------------------
Interest
Average Income/ Yield/
Balance Expense Rate

(Dollars in millions)(unaudited)
Interest-earning assets:
Loans held for investment $134,206 $3,658 10.90%
Investment securities 38,087 349 3.67
Other 9,609 23 0.96
----- --- ----
Total interest-earning assets $181,902 $4,030 8.86%
-------- ------ ----

Interest-bearing liabilities:
Interest-bearing deposits
NOW accounts $12,276 $16 0.52%
Money market deposit accounts 39,364 96 0.98
Savings accounts 18,627 42 0.90
Other consumer time deposits 24,253 174 2.87
Public fund CD's of $100,000 or
more 400 2 2.00
CD's of $100,000 or more 8,180 68 3.33
Foreign time deposits 918 1 0.44
--- --- ----
Total interest-bearing deposits $104,018 $399 1.53%
Securitized debt obligations 45,581 242 2.12
Senior and subordinated notes 8,757 68 3.11
Other borrowings 5,634 93 6.60
----- --- ----
Total interest-bearing
liabilities $163,990 $802 1.96%
-------- ---- ----

Net interest income/spread $3,228 6.90%
====== ====

Interest income to average
interest-earning assets 8.86%
Interest expense to average
interest-earning assets 1.76
Net interest margin 7.10%
====

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 6: Lending Information and Statistics

2011 2010 2010
(Dollars in millions)(unaudited) Q1 Q4 Q1
-------------------------------- --- --- ---
Period-end loans held for investment
------------------------------------
Credit card:
Domestic credit card $50,570 $53,849 $56,228
International credit card 8,735 7,522 7,578
Total credit card 59,305 61,371 63,806
------ ------ ------

Consumer banking:
Automobile 18,342 17,867 17,446
Home loan 11,741 12,103 13,967
Retail banking 4,223 4,413 4,970
Total consumer banking 34,306 34,383 36,383
------ ------ ------

Commercial banking:
Commercial and multifamily real estate 13,543 13,396 13,618
Middle market 10,758 10,484 10,310
Specialty lending 3,936 4,020 3,619
----- ----- -----
Total commercial lending 28,237 27,900 27,547
Small-ticket commercial real estate 1,780 1,842 2,065
----- ----- -----
Total commercial banking 30,017 29,742 29,612
------ ------ ------

Other loans(1) 464 451 464
Total $124,092 $125,947 $130,265
======== ======== ========

Average loans held for investment
---------------------------------
Credit card:
Domestic credit card $51,889 $53,189 $58,108
International credit card 8,697 7,419 7,814
Total credit card 60,586 60,608 65,922
------ ------ ------

Consumer banking:
Automobile 18,025 17,763 17,769
Home loan 11,960 12,522 15,434
Retail banking 4,251 4,466 5,042
Total consumer banking 34,236 34,751 38,245
------ ------ ------

Commercial banking:
Commercial and multifamily real estate 13,345 13,323 13,716
Middle market 10,666 10,460 10,324
Specialty lending 3,964 3,947 3,609
----- ----- -----
Total commercial lending 27,975 27,730 27,649
Small-ticket commercial real estate 1,818 1,887 2,074
----- ----- -----
Total commercial banking 29,793 29,617 29,723
------ ------ ------

Other loans (1) 462 465 489
--- --- ---
Total $125,077 $125,441 $134,379
======== ======== ========

Net charge-off rates
--------------------
Credit card:
Domestic credit card 6.20% 7.28% 10.48%
International credit card 5.74 6.68 8.83
Total credit card 6.13% 7.21% 10.29%
---- ---- -----

Consumer banking:
Automobile 1.98% 2.65% 2.97%
Home loan(2) 0.71 0.89 0.94
Retail banking(2) 2.24 2.40 2.11
Total consumer banking(2) 1.57% 1.98% 2.03%
---- ---- ----

Commercial banking:
Commercial and multifamily real
estate(2) 0.56% 1.15% 1.45%
Middle market (2) 0.18 0.94 0.82
Specialty lending 0.30 0.63 0.90
---- ---- ----
Total commercial lending(2) 0.38% 1.00% 1.14%
Small-ticket commercial real estate 7.14 7.72 4.43
---- ---- ----
Total commercial banking(2) 0.79% 1.43% 1.37%
---- ---- ----

Other loans 19.91% 21.11% 18.82%
----- ----- -----
Total 3.66% 4.45% 6.01%
==== ==== ====

30+ day performing delinquency rates
------------------------------------
Credit card:
Domestic credit card 3.59% 4.09% 5.30%
International credit card 5.55 5.75 6.39
Total credit card 3.88% 4.29% 5.43%
---- ---- ----

Consumer banking:
Automobile 5.79% 7.58% 7.10%
Home loan(2) 0.61 0.64 0.93
Retail banking(2) 0.93 0.93 1.02
Total consumer banking(2) 3.42% 4.28% 3.90%
---- ---- ----

Nonperforming asset rates(3) (4)
--------------------------------
Consumer banking:
Automobile 0.39% 0.64% 0.55%
Home loan(2) 4.34 4.25 3.17
Retail banking(2) 2.44 2.66 2.07
Total consumer banking(2) 2.00% 2.17% 1.76%
---- ---- ----

Commercial banking:
Commercial and multifamily real
estate(2) 2.63% 2.23% 3.65%
Middle market (2) 1.14 1.33 1.15
Specialty lending 1.19 1.30 2.18
---- ---- ----
Total commercial lending(2) 1.86% 1.76% 2.52%
Small-ticket commercial real estate 3.39 2.38 4.18
---- ---- ----
Total commercial banking(2) 1.95% 1.80% 2.64%
---- ---- ----

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 7: Financial & Statistical Summary - Credit Card Business

2011 2010 2010
(Dollars in millions) (unaudited) Q1 Q4 Q1
--------------------------------- --- --- ---
Credit Card
-----------
Earnings:
Net interest income $1,941 $1,870 $2,113
Non-interest income 674 672 718
--- --- ---
Total revenue $2,615 $2,542 $2,831
Provision for loan and lease losses 450 589 1,175
Non-interest expense 1,178 1,056 914
----- ----- ---
Income from continuing operations before
taxes 987 897 742
Income tax provision 344 311 253
--- --- ---
Income from continuing operations, net
of tax $643 $586 $489
==== ==== ====

Selected metrics:
Period end loans held for investment $59,305 $61,371 $63,806
Average loans held for investment 60,586 60,608 65,922
Loans held for investment yield 14.93% 13.97% 14.88%
Revenue margin 17.26 16.78 17.18
Net charge-off rate 6.13 7.21 10.29
30+ day performing delinquency rate 3.88 4.29 5.43
Purchase volume (5) $27,797 $29,379 $23,924

Domestic Card
-------------
Earnings:
Net interest income $1,651 $1,621 $1,865
Non-interest income 583 594 618
--- --- ---
Total revenue $2,234 $2,215 $2,483
Provision for loan and lease losses 230 505 1,096
Non-interest expense 990 935 809
--- --- ---
Income from continuing operations before
taxes 1,014 775 578
Income tax provision 360 276 206
--- --- ---
Income from continuing operations, net
of tax $654 $499 $372
==== ==== ====

Selected metrics:
Period end loans held for investment $50,570 $53,849 $56,228
Average loans held for investment 51,889 53,189 58,108
Loans held for investment yield 14.65% 13.57% 14.78%
Revenue margin 17.22 16.66 17.09
Net charge-off rate 6.20 7.28 10.48
30+ day performing delinquency rate 3.59 4.09 5.30
Purchase volume (5) $25,024 $26,985 $21,988

International Card
------------------
Earnings:
Net interest income $290 $249 $248
Non-interest income 91 78 100
--- --- ---
Total revenue $381 $327 $348
Provision for loan and lease losses 220 84 79
Non-interest expense 188 121 105
--- --- ---
Income (loss) from continuing operations
before taxes (27) 122 164
Income tax provision (benefit) (16) 35 47
--- --- ---
Income (loss) from continuing
operations, net of tax $(11) $87 $117
==== === ====

Selected metrics:
Period end loans held for investment $8,735 $7,522 $7,578
Average loans held for investment 8,697 7,419 7,814
Loans held for investment yield 16.65% 16.82% 15.66%
Revenue margin 17.52 17.63 17.81
Net charge-off rate 5.74 6.68 8.83
30+ day performing delinquency rate 5.55 5.75 6.39
Purchase volume (5) $2,773 $2,394 $1,936

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 8: Financial & Statistical Summary - Consumer Banking Business

2011 2010 2010
(Dollars in millions) (unaudited) Q1 Q4 Q1
--------------------------------- --- --- ---
Consumer Banking
----------------
Earnings:
Net interest income $983 $950 $896
Non-interest income 186 196 316
--- --- ---
Total revenue $1,169 $1,146 $1,212
Provision for loan and lease losses 95 189 50
Non-interest expense 740 770 688
--- --- ---
Income from continuing operations
before taxes 334 187 474
Income tax provision 119 67 169
--- --- ---
Income from continuing operations, net
of tax $215 $120 $305
==== ==== ====

Selected metrics:
Period end loans held for investment $34,306 $34,383 $36,383
Average loans held for investment 34,236 34,751 38,245
Loans held for investment yield 9.60% 9.20% 8.96%
Auto loan originations $2,571 $2,217 $1,343
Period end deposits 86,355 82,959 76,883
Average deposits 83,884 81,834 75,115
Deposit interest expense rate 1.06% 1.13% 1.27%
Core deposit intangible amortization $35 $34 $38
Net charge-off rate (2) 1.57% 1.98% 2.03%
Nonperforming loans as a percentage of
loans held for investment (2)(3) 1.84 1.97 1.62
Nonperforming asset rate (2) (3) 2.00 2.17 1.76
30+ day performing delinquency rate
(2) (3) 3.42 4.28 3.90
Period end loans serviced for others $19,956 $20,689 $26,778

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 9: Financial & Statistical Summary - Commercial Banking Business

2011 2010 2010
(Dollars in millions) (unaudited) Q1 Q4 Q1
--- --- ---
Commercial Banking
------------------
Earnings:
Net interest income $321 $336 $312
Non-interest income 71 49 42
--- --- ---
Total revenue $392 $385 $354
Provision for loan and lease losses (15) 34 238
Non-interest expense 177 207 192
--- --- ---
Income (loss) from continuing
operations before taxes 230 144 (76)
Income tax provision (benefit) 82 51 (27)
--- --- ---
Income (loss) from continuing
operations, net of tax $148 $93 $(49)
==== === ====

Selected metrics:
Period end loans held for investment $30,017 $29,742 $29,612
Average loans held for investment 29,793 29,617 29,723
Loans held for investment yield 4.80% 5.13% 5.03%
Period end deposits $24,244 $22,630 $21,605
Average deposits 24,138 22,808 21,859
Deposit interest expense rate 0.55% 0.61% 0.72%
Core deposit intangible amortization $11 $13 $14
Net charge-off rate (2) 0.79% 1.43% 1.37%
Nonperforming loans as a percentage of
loans held for investment (2) 1.84 1.66 2.48
Nonperforming asset rate (2) 1.95 1.80 2.64

Internal risk ratings criticized loans:
(6)
Noncriticized $26,983 $26,663 $25,519
Criticized performing 1,919 2,025 2,483
Criticized nonperforming 553 494 735
--- --- ---
Total non-PCI loans 29,455 29,182 28,737
Total PCI loans 562 560 875
Total $30,017 $29,742 $29,612
======= ======= =======

% of period end held for investment
commercial loans:
Noncriticized 89.89% 89.65% 86.18%
Criticized performing 6.39 6.81 8.39
Criticized nonperforming 1.84 1.66 2.48
---- ---- ----
Total non-PCI loans 98.13% 98.12% 97.05%
Total PCI loans 1.87 1.88 2.95
Total 100.00% 100.00% 100.00%
====== ====== ======

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 10: Financial & Statistical Summary - Other and Total Segment

2011 2010 2010
(Dollars in millions) (unaudited) Q1 Q4 Q1
--- --- ---
Other
-----
Earnings:
Net interest income (expense) $(105) $(133) $(91)
Non-interest income (expense) 11 22 (14)
--- --- ---
Total revenue $(94) $(111) $(105)
Provision for loan and lease losses 4 27 18
Non-interest expense 67 58 53
--- --- ---
Income (loss) from continuing
operations before taxes (165) (196) (176)
Income tax benefit (191) (98) (151)
---- --- ----
Income (loss) from continuing
operations, net of tax $26 $(98) $(25)
=== ==== ====

Selected metrics:
Period end loans held for investment
(1) $464 $451 $464
Average loans held for investment (1) 462 465 489
Period end deposits 14,847 16,621 19,299
Average deposits 16,136 17,094 20,556

Total
-----
Earnings:
Net interest income $3,140 $3,023 $3,230
Non-interest income 942 939 1,062
--- --- -----
Total revenue $4,082 $3,962 $4,292
Provision for loan and lease losses 534 839 1,481
Non-interest expense 2,162 2,091 1,847
----- ----- -----
Income from continuing operations
before taxes 1,386 1,032 964
Income tax provision 354 331 244
---
Income from continuing operations, net
of tax $1,032 $701 $720
====== ==== ====

Selected metrics:
Period end loans held for investment $124,092 $125,947 $130,265
Average loans held for investment 125,077 125,441 134,379
Period end deposits 125,446 122,210 117,787
Average deposits 124,158 121,736 117,530

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 11: Notes to Loan and Segment Disclosures (Tables 6 - 10)

Other loans held for investment includes unamortized
premiums and discounts on loans acquired as part of the
(1) North Fork and Hibernia acquisitions.

Purchased credit impaired loans acquired as part of the
Chevy Chase Bank (CCB) acquisition are included in the
denominator used in calculating the credit quality ratios
presented in Tables 6-10. These metrics excluding the
impact of loans acquired from CCB from the denominator are
(2) presented below:

2011 2010
(Dollars in millions)
(unaudited) Q1 Q4
--------------------- --- ---
CCB period end
acquired loan
portfolio $5,351 $5,532
CCB average acquired
loan portfolio 5,305 5,633

Net charge-off rates
Consumer banking:
Home loan 1.16% 1.46%
Retail banking 2.32 2.49
---- ----
Total consumer
banking 1.82% 2.32%
---- ----

Commercial banking:
Commercial and
multifamily real
estate 0.57% 1.17%
Middle market 0.18 0.97
---- ----
Total commercial
lending 0.38% 1.02%
---- ----
Total commercial
banking 0.80% 1.45%
---- ----

30+ day performing
delinquency rates
Consumer banking:

Home loan 1.02% 1.06%
Retail banking 0.93 0.97
---- ----
Total consumer
banking 3.98% 5.01%
---- ----

Nonperforming asset
rates
Consumer banking:

Home loan 7.24% 7.05%
Retail banking 2.44 2.77
---- ----
Total consumer
banking 2.32% 2.54%
---- ----

Commercial banking:

Commercial and
multifamily real
estate 2.68% 2.28%
Middle market 1.17 1.36
---- ----
Total commercial
lending 1.90% 1.79%
---- ----
Total commercial
banking 1.99% 1.83%
---- ----

Nonperforming loans
as a percentage of
loans held for
investment
Consumer banking 2.14% 2.30%

Commercial banking 1.88 1.69

2010
(Dollars in millions)
(unaudited) Q1
--------------------- ---
CCB period end
acquired loan
portfolio $6,799
CCB average acquired
loan portfolio 7,037

Net charge-off rates
Consumer banking:
Home loan 1.02%
Retail banking 2.22
----
Total consumer
banking 2.28%
----

Commercial banking:
Commercial and
multifamily real
estate 1.48%
Middle market 0.87
----
Total commercial
lending 1.48%
----
Total commercial
banking 1.41%
----

30+ day performing
delinquency rates
Consumer banking:

Home loan 1.58%
Retail banking 1.07
----
Total consumer
banking 4.67%
----

Nonperforming asset
rates
Consumer banking:

Home loan 5.36%
Retail banking 2.17
----
Total consumer
banking 2.11%
----

Commercial banking:

Commercial and
multifamily real
estate 3.71%
Middle market 1.23
----
Total commercial
lending 2.60%
----
Total commercial
banking 2.72%
----

Nonperforming loans
as a percentage of
loans held for
investment
Consumer banking 1.93%

Commercial banking 2.55

(3) Nonperforming assets consist of nonperforming loans and real estate
owned ("REO") and foreclosed assets. The nonperforming asset ratios
are calculated based on nonperforming assets for each segment
divided by the combined total of loans held for investment, REO and
foreclosed assets for each respective segment.

(4) As permitted by regulatory guidance, our policy is generally to
exempt delinquent credit card loans from being classified as
nonperforming. We continue to accrue finance charges and fees on
credit card loans until the loan is charged off, typically when the
account becomes 180 days past due. Billed finance charges and fees
considered uncollectible are not recognized in income.

(5) Includes credit card purchase transactions net of returns. Excludes
cash advance transactions.

(6) Criticized exposures correspond to the "Special Mention,"
"Substandard" and "Doubtful" asset categories defined by banking
regulatory authorities.

CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 12: Reconciliation of Non-GAAP Measures and Calculation of
Regulatory Capital Measures

In addition to disclosing required regulatory capital measures, we
also report certain non-GAAP capital measures that management uses
in assessing its capital adequacy. These non-GAAP measures include
average tangible common equity, tangible common equity (TCE), TCE
ratio, Tier 1 common equity and Tier 1 common equity ratio. The
table below provides the details of the calculation of each of these
measures. While these non-GAAP capital measures are widely used by
investors, analysts and bank regulatory agencies to assess the
capital position of financial services companies, they may not be
comparable to similarly titled measures reported by other companies.

2011 2010 2010
---- ---- ----
(Dollars in
millions)(unaudited) Q1 Q4 Q1
--- --- ---
Average Equity to Non-GAAP
Average Tangible Common
Equity
--------------------------
Average total stockholders'
equity $27,009 $26,255 $23,681
Less: Average intangible
assets (1) (14,001) (14,008) (14,075)
Average tangible common
equity $13,008 $12,247 $9,606
======= ======= ======

Stockholders' Equity to Non-
GAAP Tangible Common Equity
----------------------------
Total stockholders' equity $27,550 $26,541 $24,374
Less: Intangible assets (1) (14,030) (13,983) (14,044)
Tangible common equity $13,520 $12,558 $10,330
======= ======= =======

Total Assets to Tangible
Assets
------------------------
Total assets $199,300 $197,503 $200,708
Less: Assets from
discontinued operations (342) (362) (16)
---- ---- ---
Total assets from continuing
operations 198,958 197,141 200,692
Less: Intangible assets (1) (14,030) (13,983) (14,044)
Tangible assets $184,928 $183,158 $186,648
======== ======== ========

Non-GAAP TCE Ratio
------------------
Tangible common equity $13,520 $12,558 $10,330
Tangible assets 184,928 183,158 186,648
------- ------- -------
TCE ratio(2) 7.3% 6.9% 5.5%
--- --- ---

Non-GAAP Tier 1 Common
Equity and Regulatory
Capital Ratios
----------------------
Total stockholders' equity $27,550 $26,541 $24,374
Less: Net unrealized (gains)
losses on AFS securities
recorded in AOCI (3) (314) (368) (319)
Net (gains) losses on cash
flow hedges recorded in
AOCI(3) 95 86 80
Disallowed goodwill and other
intangible assets (13,993) (13,953) (14,078)
Disallowed deferred tax
assets (1,377) (1,150) (2,183)
Other (2) (2) (1)
--- --- ---
Tier 1 common equity $11,959 $11,154 $7,873
Plus: Tier 1 restricted core
capital items(4) 3,636 3,636 3,638
----- ----- -----
Tier 1 capital $15,595 $14,790 $11,511
------- ------- -------
Plus: Long-term debt
qualifying as Tier 2 capital 2,827 2,827 3,018
Qualifying allowance for loan
and lease losses 1,825 3,748 5,802
Other Tier 2 components 20 29 4
--- --- ---
Tier 2 capital $4,672 $6,604 $8,824
------ ------ ------
Total risk-based capital(5) $20,267 $21,394 $20,335
======= ======= =======

Risk-weighted assets(6) $142,495 $127,043 $120,330
======== ======== ========

Tier 1 common equity ratio
(7) 8.4% (10) 8.8% 6.5%
Tier 1 risk-based capital
ratio (8) 10.9% (10) 11.6% 9.6%
Total risk-based capital
ratio (9) 14.2% (10) 16.8% 16.9%

(1) Includes impact from related deferred taxes.
(2) Calculated based on tangible common equity divided by tangible
assets.
(3) Amounts presented are net of tax.
(4) Consists primarily of trust preferred securities.
(5) Total risk-based capital equals the sum of Tier 1 capital and
Tier 2 capital.
(6) Calculated based on prescribed regulatory guidelines.
(7) Tier 1 common equity ratio is a non-GAAP measure calculated
based on Tier 1 common equity divided by risk-weighted assets.
(8) Tier 1 risk-based capital ratio is a regulatory capital measure
calculated based on Tier 1 capital divided by risk-weighed assets.
(9) Total risk-based capital ratio is a regulatory capital measure
calculated based on total risk-based capital divided by risk-
weighed assets.
(10) Regulatory capital ratios as of the end of Q1 2011 are
preliminary and therefore subject to change once the calculations
have been finalized.

SOURCE Capital One Financial Corporation

Subject Codes: PC/t.110421070010645, PT/lang.en, PC/ticker, SU/ERN,
RE/Virginia, PC/priority.r, PC/category.f, PC/class.1248,
PC/WAVO_....k., PC/APT_....k, PC/trade_k, PC/wavo5_k,
PC/class.1278, PC/class.1000, PC/WAVO_..b...,
PC/APT_..b.., PC/circuit_b, PC/wavo3_b, PC/class.1060,
PC/WAVO_9....., PC/APT_9...., PC/state_9, PC/wavo1_9,
PC/DataFeat_natl3, PC/port_32, PC/Billing_IRW,
PC/Billing_RWB, PC/Billing_TNW, PC/Billing_US1,
PC/1stAcc_103211, PC/bureau_PH, PC/port_01, PC/port_96,
PC/port_31, PC/port_19, PC/port_91, PC/contact,
PC/website, PC/id_PH86575

Company Codes: NYSE:COF