Discover Financial Services has reported its monthly credit card charge-off and delinquency statistics for the past 24 months. The ending loans for February 28, 2025, stood at $99.2 billion, a slight decrease from the previous month's $100.6 billion, and a noticeable decrease from the same period in 2024, which was $99.9 billion. The average loans for the same period were $100.1 billion, down from $101.4 billion in January 2025, and slightly lower than February 2024's $100.3 billion.
The net principal charge-off rate for February 28, 2025, was 6.03%, up from the previous month's 5.48%, and higher than the same period in 2024, which was 5.86%. The delinquency rate (30 or more days) for February 28, 2025, was 3.78%, slightly down from January 2025's 3.87%, and higher than February 2024's 4.01%.
Comparing these figures to the previous month, we can see a clear increase in the net principal charge-off rate and a slight decrease in the delinquency rate. However, when comparing to the same period last year, there is also an increase in the net principal charge-off rate and a decrease in the delinquency rate.
Discover Financial Services' total credit card portfolio has shown fluctuations in these key metrics over the past 24 months, indicating potential shifts in consumer behavior or economic conditions impacting credit performance. As a result of these announcements, the company's shares have moved 3.2% on the market, and are now trading at a price of $164.26. If you want to know more, read the company's complete 8-K report here.
