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

The primary purpose of this 8-K filing is to announce Capital One's financial results for the fourth quarter and full year ended December 31, 2008, and to provide additional context through accompanying exhibits like press releases and earnings presentations.

What are the main risks and uncertainties Capital One highlights?

Capital One identifies several risks including adverse general economic and business conditions (affecting employment, income, spending, and leading to increased bankruptcies and defaults), rising credit losses, changes in interest rates, regulatory and accounting changes, the ability to securitize loans and access capital markets, competition, and operational disruptions. These are detailed as cautionary factors for investors.

Where can investors find more detailed financial information?

Investors can find more detailed financial information by accessing the press release (Exhibit 99.1) and the Fourth Quarter Earnings Presentation (Exhibit 99.2) attached to this Form 8-K. The company also held an earnings conference call and webcast, with replays archived on their investor relations website.

COF 8-K: Earnings & Results & Regulation FD

Q: What are "managed" financial statements, and why does Capital One use them?

Capital One uses "managed" consolidated financial statements as a supplemental measure. These statements adjust for securitization transactions that qualified as sales under GAAP. They include both on-balance sheet and off-balance sheet loans from securitizations, aiming to present a more complete picture of the company's earnings generation from its total loan portfolio by distributing revenue and expenses to their original income statement categories.

Summary

This Form 8-K filing by Capital One Financial Corporation on January 22, 2009, announces the company's financial results for the fourth quarter and full year ended December 31, 2008. The report highlights the company's use of "managed" financial statements, which include both on-balance sheet and off-balance sheet loans from securitization transactions, to provide a more comprehensive view of its earnings generation from its loan portfolio. This approach allows for a clearer understanding of revenue and expense distribution for securitized assets. The filing also includes cautionary factors regarding forward-looking statements, acknowledging the inherent risks and uncertainties in the current economic environment. Investors are advised to consider factors such as general economic conditions, credit loss trends, interest rate fluctuations, regulatory changes, and the company's ability to access capital markets and manage costs. The report directs investors to accompanying press releases and earnings presentations for detailed financial information and reconciliations.

Key Highlights

1Capital One announced its fourth quarter and full year 2008 financial results.
2The company is presenting "managed" consolidated financial statements which include off-balance sheet securitized loans, in addition to GAAP "reported" statements.
3The "managed" approach aims to provide stakeholders with a clearer view of earnings from the entire loan portfolio.
4The filing includes a comprehensive list of cautionary factors and risks associated with forward-looking statements.
5Key risks highlighted include economic conditions, credit losses, interest rates, regulatory changes, and access to capital markets.
6Additional financial information and an earnings presentation were furnished via exhibits.
7A conference call and webcast were scheduled to discuss the results, with a replay available for a limited time.

CAPITAL ONE FINANCIAL CORP 8-K Report, Financial Results (Jan 22, 2009)

Summary

Key Highlights

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