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4-Traders Homepage  >  Equities  >  Nyse  >  Capital One Financial Corporation    COF

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Capital One Financial Corp. : Capital One CEO 2012 Compensation $17.5 Million, Down 8.9% From 2011

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02/05/2013 | 01:15am CEST
   By Matthias Rieker and Andrew R. Johnson 
 

Capital One Financial Corp. (COF) Chairman and Chief Executive Richard Fairbank received compensation valued at $17.5 million for 2012--including, for the first time in more than a decade, a deferred cash bonus.

Mr. Fairbank's compensation fell 8.9% from a year earlier, when he received $19.2 million, according to filings with the Securities and Exchange Commission.

Mr. Fairbank, who is 62 years old and co-founded Capital One in 1988, hasn't received a cash salary in 16 years. But the board decided to award $2.2 million of the 2012 compensation as deferred cash over three years.

"The majority of Mr. Fairbank's compensation remains at risk and primarily equity-based," a spokeswoman said.

In addition to the deferred cash bonus, Mr. Fairbank received about $11 million in restricted stock units, including performance share awards, and about $4.4 million in stock options.

Capital One's 2012 profit rose 11.8% from 2011, to $3.52 billion.

Capital One's board also added new clawback provisions to executive bonuses granted on Thursday, including Mr. Fairbank's bonus. The board can recover pay if an executive broke the law or violated company policy in a way that caused "significant financial or reputational harm," or even "failed in his or her responsibility to manage or monitor the applicable conduct or risks."

Capital One last year became the sixth-largest U.S. commercial banking company by assets. The bank completed a series of large acquisitions in recent years, most recently buying the U.S. online banking business of ING Groep NV (ING, INGA.AE) and the U.S. credit-card business of HSBC Holdings PLC (HBC, 0005.HK, HSBA.LN). The deals, completed last year, have made it one of the biggest issuers of private-label credit cards and one of the country's largest banks.

Write to Matthias Rieker at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ($)
Sales 2017 27 092 M
EBIT 2017 12 252 M
Net income 2017 3 672 M
Debt 2017 -
Yield 2017 1,87%
P/E ratio 2017 11,41
P/E ratio 2018 10,07
Capi. / Sales 2017 1,52x
Capi. / Sales 2018 1,45x
Capitalization 41 288 M
Chart CAPITAL ONE FINANCIAL CORP
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Capital One Financial Corp Technical Analysis Chart | COF | US14040H1059 | 4-Traders
Technical analysis trends CAPITAL ONE FINANCIAL CORP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 94,3 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Richard D. Fairbank Chairman, President & Chief Executive Officer
Richard Scott Blackley Chief Financial Officer
Robert M. Alexander Chief Information Officer
Ann Fritz Hackett Lead Independent Director
Lewis Hay Independent Director
Sector and Competitors