Capital One Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income available to common shareholders of $842 million, or $1.45 per diluted common share, compared to $825 million, or $1.41 per diluted common share, for the same period last year. Total interest income was $4,839 million compared to $5,115 million for the same period last year. Net interest income was $4,423 million compared to $4,528 million for the same period last year. Net interest income after provision for credit losses was $3,466 million compared to $3,377 million for the same period last year. Income from continuing operations before income taxes was $1,307 million compared to $1,218 million for the same period last year. Income from continuing operations, net of tax was $882 million or $1.48 per diluted common share compared to $848 million or $1.42 per diluted common share for the same period last year. Return on average assets was 1.20% compared to 1.10% for the same period last year. Return on average tangible assets was 1.27% compared to 1.16% for the same period last year. Return on average common equity was 8.32% compared to 8.44% for the same period last year. Return on average tangible common equity was 13.81% compared to 14.42% for the same period last year. Total net revenue was $5,544 million compared to $5,624 million for the same period last year. Tangible book value per common share was $42.47 as on December 31, 2013 compared to $40.23 as on December 31, 2012.


For the year, the company reported net income available to common shareholders of $4,089 million, or $6.96 per diluted common share, compared to $3,487 million, or $6.16 per diluted common share, for the same period last year. Total interest income was $19,898 million compared to $18,964 million for the same period last year. Net interest income was $18,106 million compared to $16,589 million for the same period last year. Net interest income after provision for credit losses was $14,653 million compared to $12,174 million for the same period last year. Income from continuing operations before income taxes was $6,417 million compared to $5,035 million for the same period last year. Income from continuing operations, net of tax was $4,392 million or $7.35 per diluted common share compared to $3,487 million or $6.54 per diluted common share for the same period last year.

For the quarter, the company announced net charge offs of $969 million compared to $1,150 million for the same period last year.