Discover Financial Services has reported its monthly credit card charge-off and delinquency statistics for the twenty-four months ended February 28, 2025, and the same period in 2024.
In terms of ending loans, the company saw a decrease from $100.6 billion in January 2025 to $99.2 billion in February 2025. This is part of a downward trend from $102.8 billion at the end of December 2024.
The average loans also decreased from $101.4 billion in January 2025 to $100.1 billion in February 2025, contributing to the overall decline.
The net principal charge-off rate increased to 6.03% in February 2025 from 5.48% in January 2025. This is part of an upward trend from 5.41% at the end of December 2024.
The delinquency rate (30 or more days) decreased slightly to 3.78% in February 2025 from 3.87% in January 2025, although it was higher at 3.84% at the end of December 2024.
Comparing these figures to the same period in 2024, there has been a decrease in ending loans from $101 billion to $99.2 billion. The average loans have also seen a decline from $101.3 billion to $100.3 billion.
The net principal charge-off rate has increased from 5.23% to 5.86% when comparing February 2024 to February 2025. The delinquency rate (30 or more days) has seen a decrease from 4.02% to 3.78% over the same period.
These figures reveal fluctuations in Discover Financial Services' credit card portfolio performance over the past year, with changes in ending and average loans, as well as fluctuations in charge-off and delinquency rates. The market has reacted to these announcements by moving the company's shares 3.2% to a price of $164.26. For more information, read the company's full 8-K submission here.
