Delaware
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1-13300
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54-1719854
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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1680 Capital One Drive,
McLean, Virginia
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22102
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(Address of principal executive offices)
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(Zip Code)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01
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Regulation FD Disclosure.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit
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Description
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99.1
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Monthly Charge-off and Delinquency Statistics — As of and for the month ended October 31, 2010
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CAPITAL ONE FINANCIAL CORPORATION
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||
Dated: November 12, 2010
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By:
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/s/ GARY L. PERLIN
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Gary L. Perlin
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Chief Financial Officer
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Monthly Charge-off and Delinquency Statistics — As of and for the month ended October 31, 2010
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Domestic Card Metrics (1)
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October 2010
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Net Principal Charge-Offs
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$ | 323 | ||
Average Loans Held for Investment
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$ | 53,295 | ||
Annualized Net Charge-Off Rate
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7.26 | % | ||
30+ Day Performing Delinquencies
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$ | 2,368 | ||
Period-end Loans Held for Investment
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$ | 53,178 | ||
30+ Day Performing Delinquency Rate
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4.45 | % | ||
Auto Finance Metrics(1)
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||||
Net Principal Charge-Offs
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$ | 39 | ||
Average Loans Held for Investment
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$ | 17,682 | ||
Annualized Net Charge-Off Rate
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2.62 | % | ||
30+ Day Performing Delinquencies
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$ | 1,396 | ||
Period-end Loans Held for Investment
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$ | 17,700 | ||
30+ Day Performing Delinquency Rate
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7.89 | % | ||
International Card Metrics(1)
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||||
Net Principal Charge-Offs
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$ | 43 | ||
Average Loans Held for Investment
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$ | 7,425 | ||
Annualized Net Charge-Off Rate
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6.94 | % | ||
30+ Day Performing Delinquencies
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$ | 440 | ||
Period-end Loans Held for Investment
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$ | 7,519 | ||
30+ Day Performing Delinquency Rate
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5.85 | % |
(1)
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Period-end Loans Held for Investment and Average Loans Held for Investment include accrued finance charges and fees, net of the estimated uncollectible amount. 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. The estimated uncollectible amount of billed finance charges and fees is reflected as a reduction in revenue and is not included in our net charge-offs.
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