Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2500 Lake Cook Rd RIVERWOODS IL 60015-3851 |
Tel: | N/A |
Website: | https://www.discover.com |
IR: | See website |
Key People | ||
J. Michael Shepherd Interim Chief Executive Officer, President, Director | John Thomas Greene Chief Financial Officer, Executive Vice President | Jason J. Strle Executive Vice President, Chief Information Officer |
Michael E. Roemer Executive Vice President, Chief Risk Officer | Hope D. Mehlman Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary | Daniel Peter Capozzi Executive Vice President, President - U.S. Cards |
Jason P. Hanson Executive Vice President, President - Payment Services | Keith E. Toney Executive Vice President, President - Credit and Decision Management |
Business Overview |
Discover Financial Services is a digital banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Digital Banking and Payment Services. Its Digital Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans and deposit products. Its Payment Services segment includes PULSE, Diners Club, and its Network Partners business, which provides payment transaction processing and settlement services on the Discover Global Network. Its processing services covers four functional areas such as card personalization, print/mail, remittance processing and item processing. Its private student loans are primarily available to students attending eligible non-profit undergraduate and graduate schools. |
Financial Overview |
For the three months ended 31 March 2024, Discover Financial Services interest income increased 21% to $4.95B. Net interest income after loan loss provision decreased 2% to $1.99B. Net income applicable to common stockholders decreased 71% to $274M. Net interest income after loan loss provision reflects Direct Banking segment decrease from $2.03B to $0K, Net Interest Margin, Total -% decrease of 3% to 11.03%. |
Employees: | 21,100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $24,893M as of Mar 31, 2024 |
Annual revenue (TTM): | $18,716M as of Mar 31, 2024 |
EBITDA (TTM): | $3,569M as of Mar 31, 2024 |
Net annual income (TTM): | $2,202M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 251,000,000 as of Mar 31, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |