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Dec 31, 2023
Discover Q4 2023 Earnings Report
Reported net income of $388 million, driven by strong asset and deposit growth and a resilient net interest margin.
Key Takeaways
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.
Net income for Q4 2023 was $388 million, or $1.54 per diluted share.
Total loans ended the quarter at $128.4 billion, up 15% year-over-year.
Digital Banking pretax income was $458 million, reflecting a higher provision for credit losses and operating expenses, offset by increased revenue.
Payment Services pretax income increased to $54 million, driven by increased PULSE revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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