![]() Total loans ended the quarter at $99.3 billion, up 13% year-over-year, and up 6% sequentially. ![]() The health of our customers and the strength of our integrated digital banking and payments model gives us confidence that we remain well positioned to generate substantial shareholder value through a range of economic environments.”ĭigital Banking pretax income of $1.4 billion for the quarter was $98 million lower than the prior year period reflecting a higher provision for credit losses and higher operating expenses, mostly offset by increased revenue net of interest expense. “Amidst evolving macroeconomic conditions, credit performance remains particularly strong, as delinquencies are stable and losses are rising modestly, reflecting slower than expected credit normalization. “Our solid second quarter results reflected robust revenue growth, characterized by strong sales, increased receivables growth and margin expansion,” said Roger Hochschild, CEO and President of Discover. Total revenue net of interest expense (in millions)ĭiscover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.96 per diluted share for the second quarter of 2022, as compared to a net income of $1.7 billion or $5.55 per diluted share for the second quarter of 2021. Board of Directors Declares Semi-Annual Dividend for Preferred Stock and Quarterly Dividend for Common Stock ![]()
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