Discover Financial Services (DFS) Tops Q1 EPS by 5c

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Go back to Discover Financial Services (DFS) Tops Q1 EPS by 5c

Discover Financial Services Reports First Quarter Net Income of $666 Million or $1.82 Per Diluted Share

April 26, 2018 4:19 PM EDT

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) today reported net income of $666 million or $1.82 per diluted share for the first quarter of 2018, as compared to $564 million or $1.43 per diluted share for the first quarter of 2017. The companys return on equity for the first quarter of 2018 was 25%.

First Quarter Highlights

Total loans grew $6.9 billion (9%) from the prior year to $82.7 billion. Credit card loans grew $5.8 billion (10%) to $65.6 billion, on Discover card sales volume of $30.9 billion. Total net charge-off rate,... More