Discover Financial Services (NYSE: DFS) reported Q1 EPS of $1.43, $0.01 worse than the analyst estimate of $1.44.

• Total loans grew $5.5 billion (8%) from the prior year to $75.9 billion.
• Credit card loans grew $4.1 billion (7%) to $59.8 billion and Discover card sales volume increased 6% from the prior year.
• Total net charge-off rate excluding PCI loans increased 48 basis points from the prior year to 2.69% and the total delinquency rate over 30 days past due excluding PCI loans increased 33 basis points from the prior year to 1.97%.
• Consumer deposits grew $4.3 billion (13%) from the prior year to $37.1 billion.
• Payment Services transaction dollar volume was $47.1 billion, up 5% from the prior year.

"We achieved strong sales and loan growth as consumers responded well to our strategic initiatives, which were augmented by higher industry growth," said David Nelms, chairman and CEO of Discover. "The credit environment remains favorable relative to historical norms. The increase in provisions is the anticipated result of recent loan growth seasoning."

For earnings history and earnings-related data on Discover Financial Services (DFS) click here.