What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce Capital One Financial Corporation's financial results for the third quarter ended September 30, 2003, and to provide related disclosures, including a press release and an earnings presentation.

What are the key risks and uncertainties highlighted by Capital One?

Capital One highlighted several risks, including intense competition, potential increases in credit losses due to economic conditions, the ability to access capital markets for funding through securitization, changes in financial regulations, and general economic impacts on consumer income and spending.

What is the difference between Capital One's "reported" and "managed" financial statements?

The "reported" financial statements follow Generally Accepted Accounting Principles (GAAP), where loans sold in securitization transactions are removed from the balance sheet. The "managed" financial statements, however, include these securitized loans back into the portfolio to provide a view of earnings generated from the company's total loan activity, both on and off the balance sheet.

Where can investors find more detailed information about the third-quarter results?

Investors can find more detailed information in the attached press release (Exhibit 99.1) and the Third Quarter Earnings Presentation (Exhibit 99.2), which were furnished with this Form 8-K. The company also held an earnings conference call and webcast on October 22, 2003, to discuss these results.

CAPITAL ONE FINANCIAL CORP 8-K SEC Disclosure

Summary

This Form 8-K filing by Capital One Financial Corporation (COF) on October 22, 2003, primarily serves to announce the company's third-quarter financial results for the period ended September 30, 2003. The filing includes a press release (Exhibit 99.1) detailing these results and an earnings presentation (Exhibit 99.2). A significant aspect of the filing is the disclosure of forward-looking statements and associated risks, emphasizing the competitive landscape, potential for increased credit losses, access to capital markets, and evolving regulatory environment within the financial services and credit card industries. Investors should note that Capital One is presenting both "reported" and "managed" financial statements. The "managed" statements are intended to provide a more comprehensive view by including securitized loans that are removed from the "reported" balance sheet under GAAP. This approach aims to offer stakeholders a clearer understanding of the company's earnings generated from its entire loan portfolio, both on and off the balance sheet, and how revenue is allocated across income statement line items.

Key Highlights

1Capital One Financial Corp. (COF) filed an 8-K on October 22, 2003, announcing its third-quarter 2003 financial results.
2The filing incorporates by reference a press release (Exhibit 99.1) and a Third Quarter Earnings Presentation (Exhibit 99.2).
3The company includes a detailed "Cautionary Factors" section outlining risks and uncertainties that could impact future performance, such as intense competition and potential increases in credit losses.
4Specific risks mentioned include the ability to continue securitizing credit cards/loans, changes in financial/legal/regulatory environments, general economic conditions affecting consumers, and growth in expenses.
5Capital One is presenting both "reported" (GAAP-compliant) and "managed" financial statements.
6The "managed" financial statements aim to reflect earnings from the entire loan portfolio, including securitized assets removed from the "reported" balance sheet.
7An earnings conference call and webcast were scheduled for October 22, 2003, to discuss the third-quarter results.

CAPITAL ONE FINANCIAL CORP 8-K Report (Oct 22, 2003)

Summary

Key Highlights

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