Capital One Financial Corp. reported its third straight quarterly profit on lower credit costs.

The $200.7 billion-asset McLean, Va., company earned $636.3 million in the first quarter, compared with $375.6 million in the fourth quarter and a $172.3 million loss a year earlier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.