Capital One 2014 Annual Report Download - page 271
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Year Ended December 31, 2012
Credit Consumer Commercial Consolidated
(Dollars in millions) Card Banking Banking(1) Other(1) Total(1)
Net interest income (expense) . . . . . . . . . $ 10,182 $ 5,788 $ 1,551 $ (932) $ 16,589
Non-interest income . . . . . . . . . . . . . . . . 3,078 782 340 607 4,807
Total net revenue (loss) . . . . . . . . . . . . . . 13,260 6,570 1,891 (325) 21,396
Provision (benefit) for credit losses . . . . 4,061 589 (270) 35 4,415
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization . . . . . 350 0 0 0 350
Core deposit intangible
amortization . . . . . . . . . . . . . . . . . . 0 159 34 0 193
Total PCCR and core deposit
intangible amortization . . . . . . . 350 159 34 0 543
Other non-interest expense . . . . . . . . . 6,504 3,712 876 162 11,254
Total non-interest expense . . . . . . . . . . . 6,854 3,871 910 162 11,797
Income (loss) from continuing operations
before income taxes . . . . . . . . . . . . . . . 2,345 2,110 1,251 (522) 5,184
Income tax provision (benefit) . . . . . . . . 815 747 441 (528) 1,475
Income from continuing
operations, net of tax . . . . . . . . . . . . . . $ 1,530 $ 1,363 $ 810 $ 6 $ 3,709
Loans held for investment . . . . . . . . . . . . $ 91,755 $ 75,127 $ 38,820 $ 187 $ 205,889
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . 0 172,396 29,866 10,223 212,485
(1) As of January 1, 2014, we adopted the proportional amortization method of accounting for Investments in Qualified Affordable Housing
Projects. See “Note 1—Summary of Significant Accounting Policies” for expanded discussion. Prior periods have been recast to conform
to this presentation.
249
CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)