SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Discover Financial Services – ‘8-K’ for 8/12/22 – ‘EX-99.1’

On:  Friday, 8/12/22, at 4:16pm ET   ·   For:  8/12/22   ·   Accession #:  1393612-22-33   ·   File #:  1-33378

Previous ‘8-K’:  ‘8-K’ on / for 7/20/22   ·   Next:  ‘8-K’ on / for 9/12/22   ·   Latest:  ‘8-K’ on / for 4/17/24

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 8/12/22  Discover Financial Services       8-K:7,9     8/12/22   11:231K

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     39K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     59K 
 6: R1          Document and Entity Information Document            HTML     46K 
 9: XML         IDEA XML File -- Filing Summary                      XML     11K 
 7: XML         XBRL Instance -- dfs-20220812_htm                    XML     21K 
 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- dfs-20220812_lab                      XML     67K 
 5: EX-101.PRE  XBRL Presentations -- dfs-20220812_pre               XML     33K 
 3: EX-101.SCH  XBRL Schema -- dfs-20220812                          XSD     10K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               11±    17K 
11: ZIP         XBRL Zipped Folder -- 0001393612-22-000033-xbrl      Zip     19K

‘EX-99.1’   —   Miscellaneous Exhibit

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Document  

Exhibit 99.1

Discover Financial Services
Monthly Credit Card Charge-off and Delinquency Statistics
As of and for each of the twenty-four months ended
(dollars in billions)


Jul 31, 2022Jun 30, 2022May 31, 2022Apr 30, 2022Mar 31, 2022Feb 28, 2022Jan 31, 2022Dec 31, 2021Nov 30, 2021Oct 31, 2021Sep 30, 2021Aug 31, 2021
Ending Loans$81.0 $79.2 $77.2 $75.0 $73.8 $73.1 $73.4 $74.4 $73.2 $71.0 $70.3 $70.2 
Average Loans$79.7 $77.9 $75.7 $74.2 $72.9 $72.9 $73.4 $73.8 $71.5 $70.3 $69.9 $69.6 
Net Principal Charge-off Rate(1)
1.90 %1.99 %2.03 %2.02 %1.75 %2.02 %1.76 %1.58 %1.53 %1.40 %1.48 %1.73 %
Delinquency Rate (30 or more days)(2)
1.84 %1.76 %1.71 %1.73 %1.77 %1.79 %1.75 %1.66 %1.60 %1.55 %1.48 %1.42 %
Jul 31, 2021Jun 30, 2021May 31, 2021Apr 30, 2021Mar 31, 2021Feb 28, 2021Jan 31, 2021Dec 31, 2020Nov 30, 2020Oct 31, 2020Sep 30, 2020Aug 31, 2020
Ending Loans$69.4 $68.9 $68.2 $67.0 $67.3 $68.4 $69.3 $71.5 $70.6 $69.5 $69.7 $69.9 
Average Loans$68.8 $68.1 $67.2 $66.9 $67.5 $68.7 $70.0 $71.2 $69.5 $69.3 $69.5 $69.6 
Net Principal Charge-off Rate(1)
1.72 %2.18 %2.62 %2.55 %2.71 %3.15 %2.57 %2.45 %2.55 %2.90 %3.31 %3.62 %
Delinquency Rate (30 or more days)(2)
1.42 %1.43 %1.50 %1.69 %1.85 %2.01 %2.08 %2.07 %2.03 %1.99 %1.91 %1.92 %
(1) Represents net principal charge-off dollars (annualized) divided by average loans for the reporting period.
(2) Represents loans delinquent 30 or more days divided by ending loans.
The statistics presented above provide information regarding Discover Financial Services' total credit card portfolio. The data presented differs from the data reported by the Discover Card Master Trust I and, through the collateral certificate, the Discover Card Execution Note Trust (collectively, the “Trusts”), Discover Funding LLC and Discover Bank in their monthly Form 10-D reports filed with the Securities and Exchange Commission which reflects only credit card loans that have been securitized through the Trusts. The credit card loans that have been securitized through the Trusts do not possess identical characteristics with those of the total portfolio of Discover credit card loans, which reflects the aggregate of securitized and non-securitized credit card loans. Thus, the reported credit performance of the Trusts may, on a month-to-month basis, be better or worse than the credit performance of the total credit card portfolio. Reported differences may arise as a result of, among other things, differences in the mix and vintage of loans between the Trusts and the total portfolio, the use of beginning of month principal receivables balances to calculate charge-off statistics in the Trusts compared to the use of average loan balances over the reporting period used in the total portfolio statistics, and the calculation of the Trusts' net charge-off rate annualized on a 30/360 day count basis, as compared to an actual/actual day count basis for the total portfolio.

Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:8/12/22None on these Dates
5/31/22
5/31/21
 List all Filings 
↑Top
Filing Submission 0001393612-22-000033   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Thu., Apr. 25, 3:14:48.1am ET