Delaware | 36-2517428 | |
(State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
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Exhibit No. | Description | |
99.1 | Monthly Credit Card Charge-off and Delinquency Statistics as of and for each of the thirteen months ended October 31, 2016. |
DISCOVER FINANCIAL SERVICES | ||||||
Dated: November 15, 2016 | By: | /s/ D. Christopher Greene | ||||
Name: D. Christopher Greene | ||||||
Title: Vice President, Deputy General Counsel and Assistant Secretary |
Exhibit Number | Description | |
99.1 | Monthly Credit Card Charge-off and Delinquency Statistics as of and for each of the thirteen months ended October 31, 2016. | |
Oct 31, 2016 | Sep 30, 2016 | Aug 31, 2016 | Jul 31, 2016 | Jun 30, 2016 | May 31, 2016 | Apr 30, 2016 | Mar 31, 2016 | Feb 29, 2016 | Jan 31, 2016 | Dec 31, 2015 | Nov 30, 2015 | Oct 31, 2015 | ||||||||||||||||||||||||||||
Reported Ending Loans | $ | 58.5 | $ | 58.0 | $ | 58.2 | $ | 57.5 | $ | 57.2 | $ | 56.8 | $ | 55.9 | $ | 55.6 | $ | 55.7 | $ | 56.7 | $ | 57.9 | $ | 56.5 | $ | 55.7 | ||||||||||||||
Saturday Month End Payment Processing Impact | — | — | — | — | — | — | — | — | — | — | — | — | (0.3 | ) | ||||||||||||||||||||||||||
Revised Ending Loans (1) | $ | 58.5 | $ | 58.0 | $ | 58.2 | $ | 57.5 | $ | 57.2 | $ | 56.8 | $ | 55.9 | $ | 55.6 | $ | 55.7 | $ | 56.7 | $ | 57.9 | $ | 56.5 | $ | 55.4 | ||||||||||||||
Average Loans | $ | 58.0 | $ | 58.0 | $ | 57.6 | $ | 57.1 | $ | 56.7 | $ | 56.0 | $ | 55.6 | $ | 55.3 | $ | 56.0 | $ | 57.1 | $ | 57.2 | $ | 55.6 | $ | 55.3 | ||||||||||||||
Net Principal Charge-off Rate (2) | 2.4 | % | 2.2 | % | 2.1 | % | 2.2 | % | 2.3 | % | 2.4 | % | 2.5 | % | 2.2 | % | 2.4 | % | 2.3 | % | 2.2 | % | 2.3 | % | 2.1 | % | ||||||||||||||
Delinquency Rate (over 30 days) (3) | 2.0 | % | 1.9 | % | 1.8 | % | 1.7 | % | 1.6 | % | 1.6 | % | 1.6 | % | 1.7 | % | 1.7 | % | 1.8 | % | 1.7 | % | 1.7 | % | 1.7 | % |