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Dec 31, 2021
Discover Q4 2021 Earnings Report
Discover's Q4 2021 net income and diluted EPS increased compared to Q4 2020, driven by growth in the Digital Banking segment.
Key Takeaways
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.
Net income for Q4 2021 was $1.1 billion, or $3.64 per diluted share, up from $799 million, or $2.59 per diluted share, in Q4 2020.
Full year 2021 net income reached $5.4 billion, or $17.83 per diluted share, compared to $1.1 billion, or $3.60 per diluted share, in 2020.
Digital Banking pretax income for the quarter was $1.5 billion, $467 million higher than the prior year period.
Payment Services had a pretax loss of $97 million, down $121 million year-over-year, driven by an unrealized loss on equity investments.
Forward Guidance
Discover expects accelerated loan growth in 2022, driven by investments in acquisition, brand, and technology.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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