Capital One Financial Corporation (NYSE:COF) Q4 2023 Earnings Call Transcript January 25, 2024 5:00 PM ET

Company Participants

Jeff Norris - SVP, Finance

Andrew Young - CFO

Richard Fairbank - Chairman and CEO

Conference Call Participants

Sanjay Sakhrani - KBW

Ryan Nash - Goldman Sachs

Arren Cyganovich - Citi

Rick Shane - J.P. Morgan

Moshe Orenbuch - TD Cowen

John Pancari - Evercore ISI

Don Fandetti - Wells Fargo

Bill Carcache - Wolfe Research

Dominick Gabriele - Oppenheimer

Operator

Good day, and thank you for standing by. Welcome to Capital One Q4 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jeff Norris, Senior Vice President of Finance. Please go ahead.

Jeff Norris

Thanks very much, Amy, and welcome everyone to Capital One's fourth quarter 2023 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 have included a presentation summarizing our fourth-quarter of 2023 results.

With me today 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 the presentation. To access a copy of the presentation and the 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 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 these factors, please see the section titled Forward-Looking Information in the earnings release presentation and the Risk Factors section of our annual and quarterly reports accessible at Capital One's website and filed with the SEC.

Now, I will turn the call over to Mr. Young. Andrew?