By Kathryn Hardison

Capital One Financial Corp. reported a boost to its fourth-quarter revenue from a year ago, driven by higher net interest income and non-interest income.

The financial services company posted net income of $1.2 billion, or $3.03 per share, compared with $2.4 billion, or $5.41 per share, a year ago. Adjusted per-share earnings came to $2.82, below analysts' expectation of $3.87 per share, according to FactSet.

Revenue increased 11% to $9.04 billion. Still, Capital One Financial missed the $9.07 billion analysts were looking for.

Net interest income was roughly $7.20 billion, up from $6.45 billion the year prior. Non-interest income was $1.84 billion, up from $1.67 billion a year ago.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

January 24, 2023 16:36 ET (21:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Capital One Financial (NYSE:COF)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Capital One Financial Charts.
Capital One Financial (NYSE:COF)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Capital One Financial Charts.