Discover Financial Services (DFS) Earnings Dates, Call Summary & Reports

The earnings call presented a strong performance for Discover Financial Services with significant net income growth and strategic gains from the student loan portfolio sale. Despite challenges such as a decline in card sales and increased operating expenses, the company showed resilience with improvements in credit performance and successful deposit growth. The focus on risk management and compliance improvements also underscores a positive trajectory towards the pending merger with Capital One.

Company Guidance

In the fourth quarter of 2024, Discover Financial Services reported significant financial performance improvements, with net income reaching $1.3 billion, up from $366 million in the same period last year. This growth was driven by a $707 million decline in provision expenses, a $381 million gain from the sale of the student loan portfolio, and a $162 million increase in net interest income. The company's net interest margin ended the quarter at 11.96%, up 98 basis points from the prior year, while consumer deposits grew by 10% year-over-year, reaching 72% of total funding. Despite a 3% decline in card sales due to credit tightening, personal loans increased by 5%. The total net charge-off rate for the year was 4.8%, with improvements in card and personal loan portfolios. Looking ahead to 2025, Discover anticipates loan growth to align with pre-pandemic norms and expects to manage expenses conservatively as it prepares for its pending merger with Capital One.

Strong Net Income Growth

Reported net income of $1.3 billion in Q4 2024, a significant increase from $366 million in the same period last year.

Successful Sale of Student Loan Portfolio

Completion of student loan portfolio sale resulted in a gain of $381 million, providing an overall earnings benefit of $1.3 billion.

Net Interest Margin Expansion

Net interest margin ended the quarter at 11.96%, up 98 basis points from the prior year, driven by product mix and investment of sales proceeds.

Personal Loans and Deposit Growth

Personal loans increased by 5% year-over-year, and average consumer deposits were up 10% year-over-year, enhancing funding mix.

Improvement in Credit Performance

Total net charge-offs were 4.64%, 53 basis points higher than the prior year but down 22 basis points from the prior quarter. Card net charge-offs declined for the third consecutive quarter.

---

Discover Financial Services (DFS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 1.91	1.4	36.43% (+0.51)	―	―
Oct 25, 2018	2018 (Q3)	- / 2.05	1.59	28.93% (+0.46)	―	―
Jan 24, 2019	2018 (Q4)	- / 2.03	1.51	34.44% (+0.52)	―	―
Apr 25, 2019	2019 (Q1)	- / 2.15	1.82	18.13% (+0.33)	―	―
Jul 23, 2019	2019 (Q2)	- / 2.32	1.91	21.47% (+0.41)	―	―
Oct 22, 2019	2019 (Q3)	- / 2.36	2.05	15.12% (+0.31)	―	―
Jan 23, 2020	2019 (Q4)	- / 2.25	2.03	10.84% (+0.22)	―	―
Apr 22, 2020	2020 (Q1)	- / -0.25	2.15	-111.63% (-2.40)	―	―
Jul 22, 2020	2020 (Q2)	- / -1.20	2.32	-151.72% (-3.52)	―	―
Oct 21, 2020	2020 (Q3)	- / 2.45	2.36	3.81% (+0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

DFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 22, 2025	$197.50	$200.96	+1.75%
Oct 16, 2024	$146.93	$149.85	+1.99%
Jul 17, 2024	$140.10	$141.56	+1.04%
Apr 17, 2024	$118.11	$122.43	+3.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---