Capital One Financial
Q1 2022 Earnings Call
Apr 26, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the Capital One first quarter 2022 earnings conference call. [Operator instructions] I would now like to turn the call over to Mr. Jeff Norris, senior vice president of global finance. Sir, you may begin.
Jeff Norris -- Senior Vice President of Global Finance
Thanks very much, Keith, and welcome, everybody, to Capital One's first quarter 2022 earnings conference call. As usual, we are webcasting live over the Internet. To access the call on the Internet, please log on to Capital One's website at capitalone.com and follow the links from there. In addition to the press release and financials, we've included a presentation summarizing our first quarter 2022 results.
With me this evening are Mr. Richard Fairbank, Capital One's chairman and chief executive officer; and Mr. Andrew Young, Capital One's chief financial officer. Rich and Andrew are going to walk you through this presentation.
To access a copy of the presentation and press release, please go to Capital One's website, click on Investors, then click on Quarterly Earnings Release. Please note that this presentation may contain forward-looking statements. Information regarding Capital One's financial performance and any other forward-looking statements contained in today's discussion and the materials speak only as of the particular date or dates indicated in the materials. Capital One does not undertake any obligation to update or revise any of this information, whether as a result of new information, future events or otherwise.
Numerous factors could cause our actual results to differ materially from those described in forward-looking statements. And for more information on those factors, please see the section titled Forward-Looking Information in the earnings release presentation and the Risk Factors section in our annual and quarterly reports accessible at the Capital One website and filed with the SEC. Now I'll turn the call over to Mr. Young.
Andrew?
Andrew Young -- Chief Financial Officer
Thanks, Jeff, and good afternoon, everyone. I'll start on Slide 3 of tonight's presentation. In the first quarter, Capital One earned $2.4 billion or $5.62 per diluted common share. The results include one notable item, a $192 million gain from the sale of two card partnership loan portfolios in the quarter.