Discover Financial Services (N:DFS)

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
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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

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