Capital One Financial Corp
Industry: Regional Banks

Capital One® Financial Corporation is a publicly held holding company based in McLean, Virginia. Its principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products and are among the largest providers of MasterCard and Visa credit cards in the world.

Business Summary
Capital One Financial Corporation is a bank holding company whose subsidiaries market a variety of consumer financial products and services. Its principal subsidiaries are Capital One Bank, which offers credit card products and takes retail deposits, Capital One, F.S.B., which offers consumer and commercial lending and consumer deposit products, and Capital One Auto Finance, Inc., which offers automobile and other motor vehicle financing products. The Company's principal business segments are domestic credit card lending (U.S. Card), automobile and other motor vehicle financing (Auto Finance), and global financial services (GFS). During the year ended December 31, 2004, the Company entered into a definitive agreement to acquire a mortgage lending business, eSmartloan, and an insurance brokerage business, InsLogic. Both acquisitions closed in early 2005. In January 2005, the Company acquired Onyx Acceptance Corporation. In January 2005, it also completed its acquisition of Hfs Group.

Financial Summary
COF, the holding company for Capital One Bank, offers a variety of credit card and financial services to customers. For the 9 months ended 9/30/05, total interest income rose 15% to $4.09B. Net interest income after LLP rose 17% to $1.72B. Net income rose 13% to $1.53B. Interest income reflects growth in reported average earning assets & increase in interest earning asset yields. Net income also benefitted from higher servicing & securitization income.