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Home > Fortune 500 Companies > Capital One Financial
Capital One Financial
Capital One Financial is a publicly traded company having a good stock performance result. Capital One Financial is a fortune 500 stock listed company trading under COF.
The Company ranked number 206 on the Fortune 500 list by Fortune Magazine. Founded in 1995, the company has become a fortune 500 company in less than a decade. They have developed into a global diversified financial provider, with operations in the United States, Canada and the United Kingdom and continue to add innovative offerings to their product range.
Richard Fairbank is founder, Chairman and Chief Executive Officer of Capital One Financial Corporation. The company headquartered located in McLean, Virginia, is a financial holding company whose principal subsidiaries are Capital One Bank, Capital One, F.S.B., Capital One Auto Finance Inc., and Hibernia National Bank. Capital One offers a variety of consumer lending and deposit products, including credit cards, auto loans, small business loans, home equity loans, installment loans, and savings products. Capital One has emerged as one of the America's largest consumer franchises with almost 50 million customer accounts and one of the nation's most recognized brands.
Current period results include a 30.6 million dollars contribution to net income from the acquisition of Hibernia Corporation, which was completed on November 16, 2005. Managed loans at December 31, 2005 were 105.5 billion dollars, up 25.7 billion dollars, or 32 percent, from December 31, 2004. This includes organic growth in the quarter of 4.4 billion dollars and 16.3 billion dollars of loans acquired through Hibernia. Excluding the impact of Hibernia, managed loans grew 12 percent in 2005, in line with expectations. The company expects that managed loans will grow at a rate of between 7 and 9 percent during 2006.
Fourth quarter marketing expenses increased 103.7 million dollars to 447.4 million dollars from 343.7 million dollars in the previous quarter and decreased 63.7 million dollars from the fourth quarter of 2004. Marketing expenses for 2005 were 1.4 billion dollars, up 3 percent over the 1.3 billion dollars in marketing expenses in 2004. Annualized operating expenses as a percentage of average managed loans increased to 5.27 percent in the fourth quarter of 2005, from 4.88 percent in the previous quarter and decreased from 5.44 percent in the fourth quarter of 2004.
The company’s commitment to improvement is what sets them apart from competitors. Capital One’s primary focus is on offering their customers the finest in Solutions, Supply and Service through dedication and excellence.
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