Discover Financial Services (DFS) |
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Discover Financial Services Income Statement Annual
DFS
Select the Financial Report: |
Period: |
Fiscal Year: |
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INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
Interest and Fee Income, Loans and Leases |
1,870.00 |
10,451.00 |
10,802.00 |
11,561.00 |
10,561.00 |
Interest and Dividend Income, Securities, Operating |
179.00 |
182.00 |
252.00 |
179.00 |
40.00 |
Other Interest and Dividend Income |
183.00 |
18.00 |
41.00 |
253.00 |
292.00 |
Other Income |
10,632.00 |
- |
- |
- |
- |
Total Interest Income |
12,864.00 |
10,651.00 |
11,095.00 |
11,993.00 |
10,893.00 |
Interest Expense, Deposits |
1,257.00 |
661.00 |
1,231.00 |
1,587.00 |
1,238.00 |
Interest Expense, Short-term Borrowings |
2.00 |
473.00 |
634.00 |
943.00 |
901.00 |
0 |
606.00 |
- |
- |
- |
- |
Total Interest Expense |
1,865.00 |
1,134.00 |
1,865.00 |
2,530.00 |
2,139.00 |
Net Interest Income |
10,999.00 |
9,517.00 |
9,230.00 |
9,463.00 |
8,754.00 |
Provision
for loan losses |
2,359.00 |
218.00 |
5,134.00 |
3,231.00 |
3,035.00 |
Total Net Interest Income |
8,640.00 |
9,299.00 |
4,096.00 |
6,232.00 |
5,719.00 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Insurance |
- |
- |
- |
- |
- |
Noninterest Income, Other |
75.00 |
66.00 |
56.00 |
90.00 |
97.00 |
Discount And Interchange Revenue |
1,424.00 |
1,224.00 |
933.00 |
1,066.00 |
1,074.00 |
Transaction Processing Revenue |
249.00 |
227.00 |
195.00 |
197.00 |
178.00 |
Loss/ -Gain on Investment |
- |
- |
80.00 |
- |
- |
Other Non-Interest Income |
590.00 |
1,053.00 |
594.00 |
643.00 |
606.00 |
Total Noninterest Income |
2,338.00 |
2,570.00 |
1,858.00 |
1,996.00 |
1,955.00 |
Total Revenues |
10,978.00 |
11,869.00 |
5,954.00 |
8,228.00 |
7,674.00 |
Salaries & employee benefits, SGA |
1,035.00 |
2,796.00 |
2,553.00 |
2,621.00 |
2,484.00 |
Marketing & business development |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
118.00 |
592.00 |
653.00 |
516.00 |
452.00 |
Professional Fees |
871.00 |
797.00 |
717.00 |
753.00 |
672.00 |
Communications expense |
- |
- |
- |
- |
- |
Restructuring Costs |
- |
- |
- |
- |
- |
Amortization of Intangibles |
- |
- |
- |
- |
- |
Other Noninterest Expense |
560.00 |
620.00 |
596.00 |
503.00 |
469.00 |
Total noninterest revenues |
2,652.00 |
- |
- |
- |
- |
Total Operating
Expenses |
5,236.00 |
4,805.00 |
4,519.00 |
4,393.00 |
4,077.00 |
Total Costs & Expenses |
7,101.00 |
5,939.00 |
6,384.00 |
6,923.00 |
6,216.00 |
Income /-loss before income taxes |
5,742.00 |
7,064.00 |
1,435.00 |
3,835.00 |
3,597.00 |
Income taxes expenses/-benefit |
1,350.00 |
1,615.00 |
294.00 |
878.00 |
855.00 |
Income after income taxes |
4,304.00 |
5,351.00 |
1,104.00 |
2,957.00 |
2,742.00 |
Net income/-loss
of other equity |
-88.00 |
-98.00 |
-37.00 |
- |
- |
Income /-loss after income taxes |
4,304.00 |
5,351.00 |
1,104.00 |
2,957.00 |
2,742.00 |
Minority interest |
- |
- |
- |
- |
- |
Accounting Change |
- |
- |
- |
- |
- |
Net Income/-loss |
4,304.00 |
5,351.00 |
1,104.00 |
2,957.00 |
2,742.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4,304.00 |
5,351.00 |
1,104.00 |
2,957.00 |
2,742.00 |
Per
Share (GAAP Annual, in $) |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
Basic EPS (excl. extra
items) |
15.52 |
17.85 |
3.60 |
9.09 |
7.81 |
Extraordinary items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Basic Net EPS |
15.52 |
17.85 |
3.60 |
9.09 |
7.81 |
Basic shares outstanding (Mill.
of Units) |
277.32 |
299.78 |
306.67 |
325.30 |
351.09 |
EPS other shares |
- |
- |
- |
- |
- |
Diluted Net EPS |
15.50 |
17.83 |
3.60 |
9.08 |
7.79 |
Diluted average shares (Mill.
of Units) |
277.68 |
300.11 |
306.67 |
325.66 |
351.99 |
Dividend per share |
2.532 |
2.119 |
1.878 |
1.759 |
1.568 |
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