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Discover Financial Services 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Discover Financial Services

Filing date:

03/14/2025

TLDR:

Discover Financial Services provides monthly credit card charge-off and delinquency statistics for the twenty-four months ended February 28, 2025.

ELI5:

Discover, a credit card company, is sharing how many people are behind on their payments and how much money they’re writing off as uncollectible. This gives an idea of how well their customers are managing their credit card debt.

Accession #:

0001393612-25-000014

Published on

Analyst Summary

  • For the period ending February 28, 2025, Discover Financial Services reported an ending loan balance of $99.2 billion.
  • The net principal charge-off rate for February 2025 was 6.03%, while the delinquency rate (30 or more days) was 3.78%.
  • The net principal charge-off rate for the month ended October 31, 2024, included a decrease of approximately 56 basis points due to disaster relief support extended to customers in regions affected by hurricanes Helene and Milton.
  • The data reported differs from the data reported by the Discover Card Master Trust I and the Discover Card Execution Note Trust due to differences in the characteristics of securitized and non-securitized loans.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️