Capital One Financial Corp 8-K, filed Jun 30, 2023
Capital One Financial Corp (COF)
8-K
2023-06-30
For: 2023-06-30
View Original
Added on
April 05, 2026
About this 8-K
Capital One Financial Corp filed this 8-K on June 30, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
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(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (703 ) 720-1000
(Not applicable)
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On June 30, 2023, Capital One Financial Corporation (the “Company”) issued a press release announcing its preliminary Stress Capital Buffer Requirement (“SCB”), as calculated by the Board of Governors of the Federal Reserve System 2023 Comprehensive Capital Analysis and Review (“CCAR”) process, is 4.8 percent, effective October 1, 2023. The Company's previously disclosed SCB of 3.1 percent, as calculated by the Board of Governors of the Federal Reserve System 2022 CCAR process, will remain in effect until September 30, 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | |||||||
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| CAPITAL ONE FINANCIAL CORPORATION | ||||||||||||||
| Date: June 30, 2023 | By: | /s/ Matthew W. Cooper | ||||||||||||
| Matthew W. Cooper | ||||||||||||||
| General Counsel and Corporate Secretary | ||||||||||||||
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Exhibit 99.1
 | Media Release Contacts Sie Soheili Sie.Soheili@capitalone.com | |||||||||||||
Danielle Dietz Danielle.Dietz@capitalone.com | ||||||||||||||
For Release: June 30, 2023
Capital One Announces Stress Capital Buffer Requirement
MCLEAN, Va. (June 30, 2023) Capital One Financial Corporation (NYSE: COF) today announced its preliminary Stress Capital Buffer Requirement (“SCB”), as calculated based on the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review process (“CCAR”), is 4.8 percent, effective October 1, 2023. Capital One’s previously disclosed SCB of 3.1 percent, as calculated based on the 2022 CCAR process, will remain in effect through the end of the third quarter of 2023.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company which, along with its subsidiaries, had $349.8 billion in deposits and $471.7 billion in total assets as of March 31, 2023. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey 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.
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