Summary
This Form 8-K/A filing by Capital One Financial Corporation serves as an amendment to a previous filing, primarily correcting specific line items within the Preliminary Unaudited Pro Forma Condensed Combined Statement of Income as of and for the year ended December 31, 2011. These corrections relate to the pro forma combined financial information reflecting the acquisition or integration involving ING Bank, fsb, and Capital One ING Direct. Investors should note that the core business operations and strategic direction of Capital One remain unchanged, but these adjustments provide a more accurate representation of the potential combined financial performance.
Key Highlights
- 1Amendment to a previous 8-K filing (filed March 14, 2012) to correct financial data.
- 2Corrections are specifically within Exhibit 99.4: Preliminary Unaudited Pro Forma Condensed Combined Statement of Income.
- 3Adjustments made to the pro forma combined figures for the year ended December 31, 2011.
- 4Specific line items corrected include 'Loans held for investment, including past-due fees', 'Service charges and other customer-related fees', 'Interchange fees', and various 'Other' categories within both income and expense.
- 5The filing provides revised figures for the combined entity of Capital One and ING Direct's operations.
- 6No other information in the original filing has been amended.
- 7Gary L. Perlin, Chief Financial Officer, signed the amendment.
Frequently Asked Questions
The primary purpose of this 8-K/A filing is to amend a previous 8-K filing by correcting specific numerical amounts presented in the Preliminary Unaudited Pro Forma Condensed Combined Statement of Income for the year ended December 31, 2011. These corrections are in relation to the pro forma combined financial information reflecting the integration of Capital One and ING Direct operations.
The corrections specifically affect Exhibit 99.4, which contains the Preliminary Unaudited Pro Forma Condensed Combined Statement of Income as of and for the year ended December 31, 2011. Several line items within this pro forma income statement were revised.
No, this filing is an amendment to correct specific figures in a pro forma financial statement. It does not report any new material events, changes in business operations, or strategic shifts for Capital One Financial Corporation.
The corrected line items include 'Loans held for investment, including past-due fees', 'Service charges and other customer-related fees', 'Interchange fees', and other miscellaneous 'Other' categories within both non-interest income and non-interest expense sections, for the combined pro forma entity.