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

The primary purpose of this 8-K filing is to officially announce and provide access to Capital One's financial results for the third quarter ended September 30, 2006, and to furnish an earnings presentation for the fourth quarter ended December 31, 2006. It includes a press release detailing these results and other relevant financial information.

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

Capital One's 'reported' financial statements follow Generally Accepted Accounting Principles (GAAP), where loans securitized as sales are removed from the balance sheet. The 'managed' financial statements, however, include adjustments for these securitized loans, effectively presenting the performance of both on-balance sheet and off-balance sheet loan portfolios. This 'managed' view aims to provide a more comprehensive picture of the company's earnings and operational performance across its entire loan base.

What types of risks does Capital One mention in its cautionary factors?

Capital One lists a broad range of potential risks that could affect its future performance. These include intense competition, fluctuations in interest rates, potential increases in credit losses (especially due to worsening economic conditions), the company's ability to access capital markets at favorable terms, changes in regulatory or accounting rules, general economic conditions impacting consumer behavior, operational disruptions, and challenges related to acquisitions and international expansion.

Where can investors find more detailed financial information and listen to the earnings call?

Investors can access the press release, a reconciliation to GAAP financial measures, and other relevant financial information through Capital One's Investor Center on their website. The filing also notes that a live webcast of the earnings conference call, held on January 18, 2007, at 5:00 PM Eastern time, was available, with a replay archived on their website through January 31, 2007.

COF 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing by Capital One Financial Corporation (COF) on January 18, 2007, primarily serves to attach a press release and an earnings presentation related to their financial results for the third quarter ended September 30, 2006, and the fourth quarter ended December 31, 2006. A key aspect highlighted is the company's use of "managed" financial statements in addition to "reported" GAAP statements. The managed statements adjust for the effects of securitization transactions that qualify as sales under GAAP, allowing for a more comprehensive view of earnings derived from both on-balance sheet and off-balance sheet loan portfolios. This approach aims to provide stakeholders with a clearer understanding of the company's performance and revenue generation across its total loan portfolio. Investors should note that the filing also includes cautionary factors and forward-looking statements concerning potential risks and uncertainties that could impact future performance. These risks range from intense competition and changes in interest rates to credit losses, the ability to access capital markets, and various regulatory and economic conditions. The company emphasizes that actual results may differ materially from any forward-looking information provided.

Key Highlights

1Capital One released financial results for Q3 2006 and presented Q4 2006 earnings information.
2The company utilizes both 'reported' (GAAP) and 'managed' financial statements.
3Managed statements adjust for securitization transactions treated as sales under GAAP, providing a view of the entire loan portfolio (on and off-balance sheet).
4This 'managed' view aims to offer stakeholders a better understanding of earnings generated from the total loan portfolio.
5The filing includes a detailed list of cautionary factors and forward-looking statements.
6These cautionary factors highlight risks such as competition, interest rate changes, credit losses, and capital market access.

CAPITAL ONE FINANCIAL CORP 8-K Report, Financial Results (Jan 19, 2007)

Summary

Key Highlights

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