Discover Financial Services delivered a robust Q1 2025 with increased net income and EPS, reflecting effective execution, credit improvement, and higher revenue despite a decline in loan balances due to a student loan sale.

Discover Financial Services reported a net income of $1.3 billion, or $5.11 per diluted share, for the fourth quarter of 2024, a significant increase from the $366 million, or $1.45 per diluted share, in the fourth quarter of 2023. The company's performance was driven by loan growth, margin expansion, and credit improvement.

Discover Financial Services reported a net income of $965 million, or $3.69 per diluted share, for the third quarter of 2024. This represents an increase compared to the third quarter of 2023, where net income was $683 million, or $2.59 per diluted share.

Discover Financial Services reported a net income of $1.5 billion, or $6.06 per diluted share, for the second quarter of 2024. This represents a significant increase compared to the second quarter of 2023, when net income was $901 million, or $3.54 per diluted share. The company's performance was supported by loan growth, margin expansion, and higher non-interest revenue.

Discover Financial Services reported a net income of $308 million, or $1.10 per diluted share, for the first quarter of 2024. This compares to a net income of $968 million, or $3.55 per diluted share, for the first quarter of 2023. The results reflect loan growth and net interest margin expansion, offset by elevated expenses related to a card misclassification issue.

Discover Financial Services reported a net income of $388 million, or $1.54 per diluted share, for the fourth quarter of 2023. The company's performance was driven by strong asset and deposit growth and a resilient net interest margin, while net charge-offs increased but remained at the low end of the expected range.

Discover Financial Services reported a net income of $683 million, or $2.59 per diluted share, for Q3 2023, compared to $1.0 billion, or $3.56 per diluted share, for Q3 2022. The results reflect strong growth in revenues, receivables, and deposits, while credit performance is in line with expectations.

Discover Financial Services reported a net income of $901 million, or $3.54 per diluted share, for the second quarter of 2023. This compares to a net income of $1.1 billion, or $3.93 per diluted share, for the second quarter of 2022. The results reflect revenue growth offsetting normalizing charge-offs and deposit base growth.

Discover Financial Services reported a net income of $1.0 billion, or $3.58 per diluted share, for the first quarter of 2023. The results reflect continued receivables growth and record deposit inflows, with credit normalizing as expected. The company's strong funding and capital enabled investments for growth and significant capital return to shareholders.

Discover Financial Services reported a net income of $1.0 billion, or $3.54 per diluted share, for the third quarter of 2022. The results reflect a disciplined approach to credit management and the strength of the company's digital banking and payments model.

Discover Financial Services reported a net income of $1.1 billion, or $3.96 per diluted share, for the second quarter of 2022, compared to $1.7 billion, or $5.55 per diluted share, for the second quarter of 2021. The results reflect robust revenue growth, driven by strong sales, increased receivables growth, and margin expansion.

Discover Financial Services reported a net income of $1.2 billion, or $4.22 per diluted share, for the first quarter of 2022, compared to $1.6 billion, or $5.04 per diluted share, for the first quarter of 2021. The company saw growth in total loans and continued strong credit performance.

Discover Financial Services reported a strong fourth quarter in 2021, with net income reaching $1.1 billion, or $3.64 per diluted share, compared to $799 million, or $2.59 per diluted share, in the same period of 2020. The positive results reflect the benefits of Discover's integrated digital banking and payments model, the strength of its value proposition, and a supportive macroeconomic backdrop.

Discover Financial Services reported a net income of $1.1 billion, or $3.54 per diluted share, for the third quarter of 2021, compared to $771 million, or $2.45 per diluted share, for the third quarter of 2020. The results reflect the strengths of Discover's integrated digital banking and payments model, driven by strong new account growth and effective cost management.

Discover Financial Services reported a net income of $1.7 billion, or $5.55 per diluted share, for Q2 2021, a significant improvement compared to the net loss of ($368) million, or ($1.20) per diluted share, in Q2 2020. The results were driven by strong marketing investments, a strong value proposition, and accelerating sales trends, leading to sequential card receivables growth and improved credit performance. The company also increased its dividend and share repurchase authorization.

Discover Financial Services reported a net income of $1.6 billion, or $5.04 per diluted share, for the first quarter of 2021, compared to a net loss of ($61) million, or ($0.25) per diluted share, for the first quarter of 2020. The results were characterized by sustained strong credit performance, robust sales growth, and solid execution on operating and funding costs.

Discover Financial Services reported a net income of $799 million, or $2.59 per diluted share, for the fourth quarter of 2020. This represents an increase compared to the fourth quarter of 2019. The company's total loans decreased by 6% year-over-year.

Discover Financial Services reported a net income of $771 million, or $2.45 per diluted share, for the third quarter of 2020, slightly higher than the $770 million reported for the same period in 2019. The results reflect solid credit performance and the benefits of actions taken to mitigate credit risk and align expenses.

Discover Financial Services reported a net loss of $368 million, or ($1.20) per diluted share, for the second quarter of 2020, compared to a net income of $753 million, or $2.32 per diluted share, for the second quarter of 2019. The results included a $1.3 billion addition to the allowance for credit losses.

Discover Financial Services reported a net loss of $61 million, or ($0.25) per diluted share, for the first quarter of 2020, compared to a net income of $726 million, or $2.15 per diluted share, for the first quarter of 2019. The results were heavily impacted by the emerging effects of the coronavirus and an increase in the provision for credit losses.

Discover Financial Services reported a net income of $708 million, or $2.25 per diluted share, for the fourth quarter of 2019. The company's return on equity for the fourth quarter was 24%.