Capital One Financial (COF) 8-K Capital One Reports First Quarter 2011 Net Income of $1.0 billion, or $2.21 per share

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

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 1: Financial & Statistical Summary—Consolidated

(Dollars in millions, except per share data and as noted) (unaudited)	2011 Q1			2010 Q4				2010 Q3			2010 Q2			2010 Q1
Earnings
Net interest income	$	3,140		$	3,023			$	3,109		$	3,097		$	3,228
Non-interest income(1)(2)		942			939				907			807			1,061	(3)
Total revenue (4)	$	4,082		$	3,962			$	4,016		$	3,904		$	4,289
Provision for loan and lease losses		534			839				867			723			1,478
Marketing expenses		276			308				250			219			180
Operating expenses (5)		1,886			1,783				1,746			1,781			1,667
Income from continuing operations before income taxes	$	1,386		$	1,032			$	1,153		$	1,181		$	964
Income tax provision		354			331				335			369			244
Income from continuing operations, net of tax		1,032			701				818			812			720
Loss from discontinued operations, net of tax (2)		(16	)		(4	)			(15	)		(204	)		(84	)
Net income	$	1,016		$	697			$	803		$	608		$	636
Common Share Statistics
Basic EPS:
Income from continuing operations, net of tax	$	2.27		$	1.55			$	1.81		$	1.79		$	1.59
Loss from discontinued operations, net of tax		(0.03	)		(0.01	)			(0.03	)		(0.45	)		(0.18	)
Net income per common share	$	2.24		$	1.54			$	1.78		$	1.34		$	1.41
Diluted EPS:
Income from continuing operations, net of tax	$	2.24		$	1.53			$	1.79		$	1.78		$	1.58
Loss from discontinued operations, net of tax		(0.03	)		(0.01	)			(0.03	)		(0.45	)		(0.18	)
Net income per common share	$	2.21		$	1.52			$	1.76		$	1.33		$	1.40
Weighted average common shares outstanding:
Basic EPS		454.1			452.7				452.5			452.1			451.0
Diluted EPS		460.3			457.2				456.6			456.4			455.4
Common shares outstanding (period end)		455.2			452.8				452.6			452.3			451.9
Dividends per common share	$	0.05		$	0.05			$	0.05		$	0.05		$	0.05
Tangible book value per common share (period end) (6)		29.70			27.73				26.60			24.89			22.86
Stock price per common share (period end)		51.96			42.56				39.55			40.30			41.41
Total market capitalization (period end)		23,652			19,271				17,900			18,228			18,713
Balance Sheet (Period End)
Loans held for investment	$	124,092		$	125,947			$	126,334		$	127,140		$	130,115
Interest-earning assets		172,849			172,024				170,520			170,547			174,237
Total assets		199,300			197,503				196,933			197,489			200,708
Tangible assets (7)		184,928			183,158				182,904			183,474			186,647
Interest-bearing deposits		109,097			107,162				104,741			103,172			104,013
Total deposits		125,446			122,210				119,212			117,331			117,787
Borrowings		39,797			41,796				44,333			48,018			52,672
Stockholders' equity		27,550			26,541				26,061			25,270			24,374
Tangible common equity (TCE) (8)		13,520			12,558				12,037			11,259			10,330
							��
Balance Sheet (Quarterly Average Balances)
Average loans held for investment	$	125,077		$	125,441			$	126,307		$	128,203		$	134,206
Average interest-earning assets		173,540			173,992				172,473			174,672			181,902
Average total assets		198,075			197,704				196,598			199,357			207,232
Average interest-bearing deposits		108,633			106,597				104,186			104,163			104,018
Average total deposits		124,158			121,736				118,255			118,484			117,530
Average borrowings		40,538			42,428				45,910			50,404			59,973
Average stockholders' equity		27,009			26,255				25,307			24,526			23,681
Performance Metrics
Net interest income growth (quarter over quarter)		4	%		(3	)%			0	%		(4	)%		65	%
Non-interest income growth(quarter over quarter)		0			4				12			(24	)		(25	)
Revenue growth(quarter over quarter)		3			(1	)			3			(9	)		27
Revenue margin (9)		9.41			9.11				9.31			8.94			9.43
Net interest margin (10)		7.24			6.95				7.21			7.09			7.10
Risk-adjusted margin (11)		6.77			5.90				5.78			5.01			4.99
Return on average assets (12)		2.08			1.42				1.66			1.63			1.39
Return on average equity (13)		15.28			10.68				12.93			13.24			12.16
Return on average tangible common equity (14)		31.73			22.90				28.95			30.97			29.98
Non-interest expense as a % of average loans held for investment (15)		6.91			6.67				6.32			6.24			5.50
Efficiency ratio(16)		52.96			52.78				49.70			51.23			43.06
Effective income tax rate		25.5			32.1				29.1			31.2			25.3
Full-time equivalent employees (in thousands)		27.9			25.7				25.7			25.7			25.9
Credit Quality Metrics (17)
Allowance for loan and lease losses	$	5,067		$	5,628			$	6,175		$	6,799		$	7,752
Allowance as a % of loans held for investment		4.08	%		4.47	%			4.89	%		5.35	%		5.96	%
Net charge-offs	$	1,145		$	1,394			$	1,522		$	1,717		$	2,018
Net charge-off rate (18)		3.66	%		4.45	%			4.82	%		5.36	%		6.02	%
30+ day performing delinquency rate		3.11			3.60				3.71			3.81			4.22
Capital Ratios
Tier 1 risk-based capital ratio (19)		10.9	%		11.6	%			11.1	%		9.9	%		9.6	%
Tier 1 common equity ratio (20)		8.4			8.8				8.2			7.0			6.5
Total risk-based capital ratio (21)		14.2			16.8				16.4			17.0			16.9
Tangible common equity (TCE) ratio (22)		7.3			6.9				6.6			6.1			5.5

Page 1

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 2: Notes to Consolidated Financial & Statistical Summary (Table 1)

(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, $6 million in Q3 2010, $17 million in Q2 2010 and $(36) million in Q1 2010.

(2) 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, $16 million in Q3 2010, $404 million in Q2 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-interest income.

(3) 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 non-interest income.

(4) The estimated uncollectible portion of billed finance charges and fees excluded from revenue totaled $105 million in Q1 2011, $144 million in Q4 2010, $190 million in Q3 2010, $261 million in Q2 2010 and $354 million in Q1 2010.

(5) Includes core deposit intangible amortization expense of $45 million in Q1 2011, $47 million in Q4 2010, $49 million in Q3 2010, $50 million in Q2 2010 and $52 million in Q1 2010 and integration costs of $2 million in Q1 2011, $15 million in Q4 2010, $27 million in Q3 2010, $22 million in Q2 2010 and $17 million in Q1 2010.

(6) 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 Measures" for the calculation of this measure.

(7) 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 Measures" for the calculation of this measure.

(8) 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 calculation of this measure.

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

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

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

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

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

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

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

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

(17) 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 below:

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
CCB period-end acquired loan portfolio	$	5,351		$	5,532		$	5,891		$	6,381		$	6,799
CCB average acquired loan portfolio		5,305			5,633			6,014			6,541			7,037
Allowance as a % of loans held for investment, excluding CCB loans		4.27	%		4.67	%		5.12	%		5.63	%		6.29	%
Net charge-off rate, excluding CCB loans		3.82			4.65			5.06			5.64			6.35
30+ day performing delinquency rate, excluding CCB		3.25			3.76			3.89			4.01			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.

Page 2

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

Page 3

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

Page 4

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 5: Average Balances, Net Interest Income and Net Interest Margin

	Quarter Ended 03/31/11							Quarter Ended 12/31/10							Quarter Ended 03/31/10
(Dollars in millions)(unaudited)	Average Balance		Interest Income/ Expense		Yield/ Rate			Average Balance		Interest Income/ Expense		Yield/ Rate			Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-earning assets:
Loans held for investment	$	125,077	$	3,417		10.93	%	$	125,441	$	3,352		10.69	%	$	134,206	$	3,658		10.90	%
Investment securities		41,532		316		3.04			41,004		305		2.98			38,087		349		3.67
Other		6,931		19		1.10			7,547		17		0.90			9,609		23		0.96
Total interest-earning assets	$	173,540	$	3,752		8.65	%	$	173,992	$	3,674		8.45	%	$	181,902	$	4,030		8.86	%
Interest-bearing liabilities:
Interest-bearing deposits
NOW accounts	$	13,648	$	9		0.26	%	$	12,918	$	8		0.25	%	$	12,276	$	16		0.52	%
Money market deposit accounts		45,613		110		0.96			43,822		110		1.00			39,364		96		0.98
Savings accounts		26,801		55		0.82			25,121		54		0.86			18,627		42		0.90
Other consumer time deposits		15,344		99		2.58			16,941		112		2.64			24,253		174		2.87
Public fund CD's of $100,000 or more		149		1		2.68			204		1		1.96			400		2		2.00
CD's of $100,000 or more		6,097		47		3.08			6,696		54		3.23			8,180		68		3.33
Foreign time deposits		981		1		0.41			895		1		0.45			918		1		0.44
Total interest-bearing deposits	$	108,633	$	322		1.19	%	$	106,597	$	340		1.28	%	$	104,018	$	399		1.53	%
Securitized debt obligations		25,515		146		2.29			27,708		165		2.38			45,581		242		2.12
Senior and subordinated notes		8,090		64		3.16			8,096		65		3.21			8,757		68		3.11
Other borrowings		6,933		80		4.62			6,624		81		4.89			5,634		93		6.60
Total interest-bearing liabilities	$	149,171	$	612		1.64	%	$	149,025	$	651		1.75	%	$	163,990	$	802		1.96	%
Net interest income/spread			$	3,140		7.01	%			$	3,023		6.70	%			$	3,228		6.90	%
Interest income to average interest-earning assets						8.65	%						8.45	%						8.86	%
Interest expense to average interest-earning assets						1.41							1.50							1.76
Net interest margin						7.24	%						6.95							7.10	%

Page 5

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 6: Lending Information and Statistics

	2011			2010			2010			2010			2010
(Dollars in millions)(unaudited)	Q1			Q4			Q3			Q2			Q1
Period-end loans held for investment
Credit card:
Domestic credit card	$	50,570		$	53,849		$	53,839		$	54,628		$	56,228
International credit card		8,735			7,522			7,487			7,269			7,578
Total credit card		59,305			61,371			61,326			61,897			63,806
Consumer banking:
Automobile		18,342			17,867			17,643			17,221			17,446
Home loan		11,741			12,103			12,763			13,322			13,967
Retail banking		4,223			4,413			4,591			4,770			4,970
Total consumer banking		34,306			34,383			34,997			35,313			36,383
Commercial banking:
Commercial and multifamily real estate		13,543			13,396			13,383			13,580			13,618
Middle market		10,758			10,484			10,456			10,203			10,310
Specialty lending		3,936			4,020			3,813			3,815			3,619
Total commercial lending		28,237			27,900			27,652			27,598			27,547
Small-ticket commercial real estate		1,780			1,842			1,890			1,977			2,065
Total commercial banking		30,017			29,742			29,542			29,575			29,612
Other loans (1)		464			451			469			470			464
Total	$	124,092		$	125,947		$	126,334		$	127,255		$	130,265
Average loans held for investment
Credit card:
Domestic credit card	$	51,889		$	53,189		$	54,049		$	55,252		$	58,108
International credit card		8,697			7,419			7,342			7,427			7,814
Total credit card		60,586			60,608			61,391			62,679			65,922
Consumer banking:
Automobile		18,025			17,763			17,397			17,276			17,769
Home loan		11,960			12,522			13,024			13,573			15,434
Retail banking		4,251			4,466			4,669			4,811			5,042
Total consumer banking		34,236			34,751			35,090			35,660			38,245
Commercial banking:
Commercial and multifamily real estate		13,345			13,323			13,411			13,543			13,716
Middle market		10,666			10,460			10,352			10,276			10,324
Specialty lending		3,964			3,947			3,715			3,654			3,609
Total commercial lending		27,975			27,730			27,478			27,473			27,649
Small-ticket commercial real estate		1,818			1,887			1,957			2,060			2,074
Total commercial banking		29,793			29,617			29,435			29,533			29,723
Other loans (1)		462			465			475			463			489
Total	$	125,077		$	125,441		$	126,391		$	128,335		$	134,379
Net charge-off rates
Credit card:
Domestic credit card		6.20	%		7.28	%		8.23	%		9.49	%		10.48	%
International credit card		5.74			6.68			7.60			8.38			8.83
Total credit card		6.13	%		7.21	%		8.16	%		9.36	%		10.29	%
Consumer banking:
Automobile		1.98	%		2.65	%		2.71	%		2.09	%		2.97	%
Home loan(2)		0.71			0.89			0.41			0.46			0.94
Retail banking(2)		2.24			2.40			2.20			2.11			2.11
Total consumer banking(2)		1.57	%		1.98	%		1.79	%		1.47	%		2.03	%
Commercial banking:
Commercial and multifamily real estate(2)		0.56	%		1.15	%		1.78	%		1.17	%		1.45	%
Middle market (2)		0.18			0.94			0.43			0.78			0.82
Specialty lending		0.30			0.63			0.64			0.87			0.90
Total commercial lending(2)		0.38	%		1.00	%		1.11	%		0.98	%		1.14	%
Small-ticket commercial real estate		7.14			7.72			3.48			4.21			4.43
Total commercial banking(2)		0.79	%		1.43	%		1.27	%		1.21	%		1.37	%
Other loans		19.91	%		21.11	%		17.63	%		27.95	%		18.82	%
Total		3.66	%		4.45	%		4.82	%		5.35	%		6.01	%
30+ day performing delinquency rates
Credit card:
Domestic credit card		3.59	%		4.09	%		4.53	%		4.79	%		5.30	%
International credit card		5.55			5.75			5.84			6.03			6.39
Total credit card		3.88	%		4.29	%		4.69	%		4.94	%		5.43	%
Consumer banking:
Automobile		5.79	%		7.58	%		7.42	%		7.25	%		7.10	%
Home loan(2)		0.61			0.64			0.69			0.68			0.93
Retail banking(2)		0.93			0.93			1.08			0.87			1.02
Total consumer banking(2)		3.42	%		4.28	%		4.14	%		3.91	%		3.90	%
Nonperforming asset rates(3) (4)
Consumer banking:
Automobile		0.39	%		0.64	%		0.60	%		0.56	%		0.55	%
Home loan(2)		4.34			4.25			4.09			3.78			3.17
Retail banking(2)		2.44			2.66			2.41			2.25			2.07
Total consumer banking(2)		2.00	%		2.17	%		2.11	%		2.00	%		1.76	%
Commercial banking:
Commercial and multifamily real estate(2)		2.63	%		2.23	%		2.44	%		2.82	%		3.65	%
Middle market (2)		1.14			1.33			1.36			1.20			1.15
Specialty lending		1.19			1.30			1.75			1.94			2.18
Total commercial lending(2)		1.86	%		1.76	%		1.94	%		2.10	%		2.52	%
Small-ticket commercial real estate		3.39			2.38			2.04			3.57			4.18
Total commercial banking(2)		1.95	%		1.80	%		1.94	%		2.20	%		2.64	%

Page 6

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 7: Financial & Statistical Summary—Credit Card Business

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
Credit Card
Earnings:
Net interest income	$	1,941		$	1,870		$	1,934		$	1,976		$	2,113
Non-interest income		674			672			671			659			718
Total revenue	$	2,615		$	2,542		$	2,605		$	2,635		$	2,831
Provision for loan and lease losses		450			589			660			765			1,175
Non-interest expense		1,178			1,056			978			1,002			914
Income from continuing operations before taxes		987			897			967			868			742
Income tax provision		344			311			336			301			253
Income from continuing operations, net of tax	$	643		$	586		$	631		$	567		$	489
Selected metrics:
Period end loans held for investment	$	59,305		$	61,371		$	61,326		$	61,897		$	63,806
Average loans held for investment		60,586			60,608			61,391			62,679			65,922
Loans held for investment yield		14.93	%		13.97	%		14.27	%		14.25	%		14.88	%
Revenue margin		17.26			16.78			16.97			16.82			17.18
Net charge-off rate		6.13			7.21			8.16			9.36			10.29
30+ day performing delinquency rate		3.88			4.29			4.69			4.94			5.43
Purchase volume (5)	$	27,797		$	29,379		$	27,039		$	26,570		$	23,924
Domestic Card
Earnings:
Net interest income	$	1,651		$	1,621		$	1,691		$	1,735		$	1,865
Non-interest income		583			594			575			560			618
Total revenue	$	2,234		$	2,215		$	2,266		$	2,295		$	2,483
Provision for loan and lease losses		230			505			577			675			1,096
Non-interest expense		990			935			844			869			809
Income from continuing operations before taxes		1,014			775			845			751			578
Income tax provision		360			276			301			268			206
Income from continuing operations, net of tax	$	654		$	499		$	544		$	483		$	372
Selected metrics:
Period end loans held for investment	$	50,570		$	53,849		$	53,839		$	54,628		$	56,228
Average loans held for investment		51,889			53,189			54,049			55,252			58,108
Loans held for investment yield		14.65	%		13.57	%		13.95	%		13.98	%		14.78	%
Revenue margin		17.22			16.66			16.77			16.61			17.09
Net charge-off rate		6.20			7.28			8.23			9.49			10.48
30+ day performing delinquency rate		3.59			4.09			4.53			4.79			5.30
Purchase volume (5)	$	25,024		$	26,985		$	24,858		$	24,513		$	21,988
International Card
Earnings:
Net interest income	$	290		$	249		$	243		$	241		$	248
Non-interest income		91			78			96			99			100
Total revenue	$	381		$	327		$	339		$	340		$	348
Provision for loan and lease losses		220			84			83			90			79
Non-interest expense		188			121			134			133			105
Income (loss) from continuing operations before taxes		(27	)		122			122			117			164
Income tax provision (benefit)		(16	)		35			35			33			47
Income (loss) from continuing operations, net of tax	$	(11	)	$	87		$	87		$	84		$	117
Selected metrics:
Period end loans held for investment	$	8,735		$	7,522		$	7,487		$	7,269		$	7,578
Average loans held for investment		8,697			7,419			7,342			7,427			7,814
Loans held for investment yield		16.65	%		16.82	%		16.62	%		16.21	%		15.66	%
Revenue margin		17.52			17.63			18.47			18.31			17.81
Net charge-off rate		5.74			6.68			7.60			8.38			8.83
30+ day performing delinquency rate		5.55			5.75			5.84			6.03			6.39
Purchase volume (5)	$	2,773		$	2,394		$	2,181		$	2,057		$	1,936

Page 7

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 8: Financial & Statistical Summary—Consumer Banking Business

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
Consumer Banking
Earnings:
Net interest income	$	983		$	950		$	946		$	935		$	896
Non-interest income		186			196			196			162			316
Total revenue	$	1,169		$	1,146		$	1,142		$	1,097		$	1,212
Provision for loan and lease losses		95			189			114			(112	)		50
Non-interest expense		740			770			757			735			688
Income from continuing operations before taxes		334			187			271			474			474
Income tax provision		119			67			96			169			169
Income from continuing operations, net of tax	$	215		$	120		$	175		$	305		$	305
Selected metrics:
Period end loans held for investment	$	34,306		$	34,383		$	34,997		$	35,313		$	36,383
Average loans held for investment		34,236			34,751			35,090			35,660			38,245
Loans held for investment yield		9.60	%		9.20	%		9.28	%		8.99	%		8.96	%
Auto loan originations	$	2,571		$	2,217		$	2,439		$	1,765		$	1,343
Period end deposits		86,355			82,959			79,506			77,407			76,883
Average deposits		83,884			81,834			78,224			77,082			75,115
Deposit interest expense rate		1.06	%		1.13	%		1.18	%		1.18	%		1.27	%
Core deposit intangible amortization	$	35		$	34		$	36		$	36		$	38
Net charge-off rate (2)		1.57	%		1.98	%		1.79	%		1.47	%		2.03	%
Nonperforming loans as a percentage of loans held for investment (2)(3)		1.84			1.97			1.92			1.82			1.62
Nonperforming asset rate (2) (3)		2.00			2.17			2.11			2.00			1.76
30+ day performing delinquency rate (2) (3)		3.42			4.28			4.14			3.91			3.90
Period end loans serviced for others	$	19,956		$	20,689		$	20,298		$	21,425		$	26,778

Page 8

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 9: Financial & Statistical Summary—Commercial Banking Business

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
Commercial Banking
Earnings:
Net interest income	$	321		$	336		$	325		$	319		$	312
Non-interest income		71			49			30			60			42
Total revenue	$	392		$	385		$	355		$	379		$	354
Provision for loan and lease losses		(15	)		34			95			62			238
Non-interest expense		177			207			199			198			192
Income (loss) from continuing operations before taxes		230			144			61			119			(76	)
Income tax provision (benefit)		82			51			22			42			(27	)
Income (loss) from continuing operations, net of tax	$	148		$	93		$	39		$	77		$	(49	)
Selected metrics:
Period end loans held for investment	$	30,017		$	29,742		$	29,542		$	29,575		$	29,612
Average loans held for investment		29,793			29,617			29,435			29,533			29,723
Loans held for investment yield		4.80	%		5.13	%		5.13	%		4.94	%		5.03	%
Period end deposits	$	24,244		$	22,630		$	22,100		$	21,527		$	21,605
Average deposits		24,138			22,808			21,899			22,171			21,859
Deposit interest expense rate		0.55	%		0.61	%		0.67	%		0.67	%		0.72	%
Core deposit intangible amortization	$	11		$	13		$	14		$	14		$	14
Net charge-off rate (2)		0.79	%		1.43	%		1.27	%		1.21	%		1.37	%
Nonperforming loans as a percentage of loans held for investment (2)		1.84			1.66			1.81			2.04			2.48
Nonperforming asset rate (2)		1.95			1.80			1.94			2.20			2.64
Internal risk ratings criticized loans: (6)
Noncriticized	$	26,983		$	26,663		$	26,011		$	25,785		$	25,519
Criticized performing		1,919			2,025			2,277			2,406			2,483
Criticized nonperforming		553			494			534			603			735
Total non-PCI loans		29,455			29,182			28,822			28,794			28,737
Total PCI loans		562			560			720			781			875
Total	$	30,017		$	29,742		$	29,542		$	29,575		$	29,612
% of period end held for investment commercial loans:
Noncriticized		89.89	%		89.65	%		88.05	%		87.19	%		86.18	%
Criticized performing		6.39			6.81			7.71			8.14			8.39
Criticized nonperforming		1.84			1.66			1.81			2.04			2.48
Total non-PCI loans		98.13			98.12			97.56			97.36			97.05
Total PCI loans		1.87			1.88			2.44			2.64			2.95
Total		100.00	%		100.00	%		100.00	%		100.00	%		100.00	%

Page 9

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 10: Financial & Statistical Summary—Other and Total Segment

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
Other
Earnings:
Net interest income (expense)	$	(105	)	$	(133	)	$	(93	)	$	(132	)	$	(91	)
Non-interest income (expense)		11			22			7			(74	)		(14	)
Total revenue	$	(94	)	$	(111	)	$	(86	)	$	(206	)	$	(105	)
Provision for loan and lease losses		4			27			(2	)		10			18
Non-interest expense		67			58			62			65			53
Income (loss) from continuing operations before taxes		(165	)		(196	)		(146	)		(281	)		(176	)
Income tax benefit		(191	)		(98	)		(119	)		(143	)		(151	)
Income (loss) from continuing operations, net of tax	$	26		$	(98	)	$	(27	)	$	(138	)	$	(25	)
Selected metrics:
Period end loans held for investment (1)	$	464		$	451		$	469		$	470		$	464
Average loans held for investment (1)		462			465			475			463			489
Period end deposits		14,847			16,621			17,606			18,397			19,299
Average deposits		16,136			17,094			18,132			19,231			20,556
Total
Earnings:
Net interest income	$	3,140		$	3,023		$	3,112		$	3,099		$	3,230
Non-interest income		942			939			904			807			1,062
Total revenue	$	4,082		$	3,962		$	4,016		$	3,906		$	4,292
Provision for loan and lease losses		534			839			867			725			1,481
Non-interest expense		2,162			2,091			1,996			2,000			1,847
Income from continuing operations before taxes		1,386			1,032			1,153			1,181			964
Income tax provision		354			331			335			369			244
Income from continuing operations, net of tax	$	1,032		$	701		$	818		$	812		$	720
Selected metrics:
Period end loans held for investment	$	124,092		$	125,947		$	126,334		$	127,255		$	130,265
Average loans held for investment		125,077			125,441			126,391			128,335			134,379
Period end deposits		125,446			122,210			119,212			117,331			117,787
Average deposits		124,158			121,736			118,255			118,484			117,530

Page 10

CAPITAL ONE FINANCIAL CORPORATION (COF)

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

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

(2) 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 presented below:

	2011			2010			2010			2010			2010
(Dollars in millions) (unaudited)	Q1			Q4			Q3			Q2			Q1
CCB period end acquired loan portfolio	$	5,351		$	5,532		$	5,891		$	6,381		$	6,799
CCB average acquired loan portfolio		5,305			5,633			6,014			6,541			7,037
Net charge-off rates
Consumer banking:
Home loan		1.16	%		1.46	%		0.68	%		0.77	%		1.02	%
Retail banking		2.32			2.49			2.29			2.23			2.22
Total consumer banking		1.82	%		2.32	%		2.11	%		1.76	%		2.28	%
Commercial banking:
Commercial and multifamily real estate		0.57	%		1.17	%		1.81	%		1.19	%		1.48	%
Middle market		0.18			0.97			0.44			0.82			0.87
Total commercial lending		0.38	%		1.02	%		1.14	%		1.01	%		1.48	%
Total commercial banking		0.80	%		1.45	%		1.30	%		1.24	%		1.41	%
30+ day performing delinquency rates
Consumer banking:
Home loan		1.02	%		1.06	%		1.16	%		1.14	%		1.58	%
Retail banking		0.93			0.97			1.12			0.91			1.07
Total consumer banking		3.98	%		5.01	%		4.88	%		4.65	%		4.67	%
Nonperforming asset rates
Consumer banking:
Home loan		7.24	%		7.05	%		6.83	%		6.30	%		5.36	%
Retail banking		2.44			2.77			2.51			2.37			2.17
Total consumer banking		2.32	%		2.54	%		2.49	%		2.38	%		2.11	%
Commercial banking:
Commercial and multifamily real estate		2.68	%		2.28	%		2.47	%		2.90	%		3.71	%
Middle market		1.17			1.36			1.42			1.25			1.23
Total commercial lending		1.90	%		1.79	%		1.98	%		2.16	%		2.60	%
Total commercial banking		1.99	%		1.83	%		1.98	%		2.26	%		2.72	%
Nonperforming loans as a percentage of loans held for investment
Consumer banking		2.14	%		2.30	%		2.26	%		2.16	%		1.93	%
Commercial banking		1.88			1.69			1.84			2.09			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.

Page 11

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			2010			2010
(Dollars in millions)(unaudited)	Q1			Q4			Q3			Q2			Q1
Average Equity to Non-GAAP Average Tangible Common Equity
Average total stockholders' equity	$	27,009		$	26,255		$	25,307		$	24,526		$	23,681
Less: Average intangible assets (1)		(14,001	)		(14,008	)		(14,003	)		(14,039	)		(14,075	)
Average tangible common equity	$	13,008		$	12,247		$	11,304		$	10,487		$	9,606
Stockholders' Equity to Non-GAAP Tangible Common Equity
Total stockholders' equity	$	27,550		$	26,541		$	26,061		$	25,270		$	24,374
Less: Intangible assets (1)		(14,030	)		(13,983	)		(14,024	)		(14,011	)		(14,044	)
Tangible common equity	$	13,520		$	12,558		$	12,037		$	11,259		$	10,330
Total Assets to Tangible Assets
Total assets	$	199,300		$	197,503		$	196,933		$	197,489		$	200,708
Less: Assets from discontinued operations		(342	)		(362	)		(5	)		(4	)		(16	)
Total assets from continuing operations		198,958			197,141			196,928			197,485			200,692
Less: Intangible assets (1)		(14,030	)		(13,983	)		(14,024	)		(14,011	)		(14,044	)
Tangible assets	$	184,928		$	183,158		$	182,904		$	183,474		$	186,648
Non-GAAP TCE Ratio
Tangible common equity	$	13,520		$	12,558		$	12,037		$	11,259		$	10,330
Tangible assets		184,928			183,158			182,904			183,474			186,648
TCE ratio(2)		7.3	%		6.9	%		6.6	%		6.1	%		5.5	%
Non-GAAP Tier 1 Common Equity and Regulatory Capital Ratios
Total stockholders' equity	$	27,550		$	26,541		$	26,061		$	25,270		$	24,374
Less: Net unrealized (gains) losses on AFS securities recorded in AOCI (3)		(314	)		(368	)		(580	)		(661	)		(319	)
Net (gains) losses on cash flow hedges recorded in AOCI(3)		95			86			79			73			80
Disallowed goodwill and other intangible assets		(13,993	)		(13,953	)		(13,993	)		(14,023	)		(14,078	)
Disallowed deferred tax assets		(1,377	)		(1,150	)		(1,324	)		(1,977	)		(2,183	)
Other		(2	)		(2	)		(2	)		(2	)		(1	)
Tier 1 common equity	$	11,959		$	11,154		$	10,241		$	8,680		$	7,873
Plus: Tier 1 restricted core capital items(4)		3,636			3,636			3,636			3,637			3,638
Tier 1 capital	$	15,595		$	14,790		$	13,877		$	12,317		$	11,511
Plus: Long-term debt qualifying as Tier 2 capital		2,827			2,827			2,827			2,898			3,018
Qualifying allowance for loan and lease losses		1,825			3,748			3,726			5,836			5,802
Other Tier 2 components		20			29			24			25			4
Tier 2 capital	$	4,672		$	6,604		$	6,577		$	8,759		$	8,824
Total risk-based capital(5)	$	20,267		$	21,394		$	20,454		$	21,076		$	20,335
Risk-weighted assets(6)	$	142,495		$	127,043		$	124,726		$	124,038		$	120,330
Tier 1 common equity ratio (7)		8.4	%(10)		8.8	%		8.2	%		7.0	%		6.5	%
Tier 1 risk-based capital ratio (8)		10.9	%(10)		11.6	%		11.1	%		9.9	%		9.6	%
Total risk-based capital ratio (9)		14.2	%(10)		16.8	%		16.4	%		17.0	%		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.

Page 12