Capital One Financial Beats On Q4 Revenue, Misses On EPS

Capital One Financial Corp. COF announced fourth quarter financial results Thursday.

Revenue came in at $5.8 billion, above estimates of $5.7 billion and the $5.54 billion reported in the prior year period.

Net income for the fourth quarter of 2014 was $999 million, or $1.73 per diluted common share, $0.01 below estimates. The fourth quarter of 2013 saw net income at $852 million, or $1.43 per diluted common share.

The company noted that the provision for credit losses increased 12 percent to $1.1 billion in the fourth quarter,

"2014 was a strong year for Capital One. We returned to growth in our Domestic Card business, delivered $10.1 billion in pre-provision earnings, and returned significant capital to our shareholders. We're poised to build on the momentum in 2015," said Richard D. Fairbank, Chairman and Chief Executive Officer. "Our strategic priorities for 2015 have not changed, and we remain focused on the levers to create value and sustain strong performance for our shareholders."

Capital One Financial Corp. traded at $75.75 in the after hours session, down 0.59 percent.