Capital One Financial logged higher profit and revenue in the third quarter as the company continues its integration of Discover.

The McLean, Va., financial services firm on Tuesday posted a profit of $3.54 billion, or $5.61 a share, in the quarter ended Sept. 30, up from $3.19 billion, or $4.83 a share, a year earlier.

Adjusted earnings per share were $6.69. Wall Street analysts expected $5.50 a share.

Revenue increased 3% to $16.34 billion. Analysts forecast $16.25 billion. Provision for credit losses fell $73 million from last quarter to $2.92 billion.

Chief Executive Richard Fairbank said Capital One continues to make progress integrating its $35 billion acquisition of Discover, which completed more than a year ago.

"The Discover integration continues to go well and we're making good progress on delivering the expected synergies," he said.