ROANOKE TIMES 
                      Copyright (c) 1996, Roanoke Times

DATE: Thursday, January 25, 1996             TAG: 9601250018
SECTION: BUSINESS                 PAGE: B-6  EDITION: METRO 

REPORTED EARNINGS

Capitol One Financial

Capital One Financial Corp. of Falls Church said Wednesday it earned $126.5 million or $1.90 a share in 1995, compared with projected 1994 earnings of $100.2 million, or $1.52 a share. The tally did not include a one-time expense of $31.9 million, or 48 cents a share, for contract termination charges in 1994 when Signet Banking Corp. of Richmond spun off the company to its shareholders.

Capital One is a financial services company that offers credit card products. It had 6.1 million customers and $10.4 billion in loans at the end of last year. The company said it added 1.1 million of those accounts during 1995, an increase of 22 percent.

The bank said asset quality remained strong: Credit losses increased within anticipated levels as the existing portfolio matured. The charge-off rate was 2.85 percent versus 2.35 percent in the third quarter. The year-end delinquency rate increased to 4.2 percent from 3.37 percent in the quarter, primarily because of continued aging of existing portfolios and slower growth.

LENGTH: Short :   29 lines