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Discover Financial Services (NYSE:DFS)
Credit Losses Provision
$1,765 Mil (TTM As of Sep. 2016)

Discover Financial Services's credit losses provision for the three months ended in Sep. 2016 was $445 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2016 was $1,765 Mil.

Discover Financial Services's quarterly credit losses provision declined from Mar. 2016 ($424 Mil) to Jun. 2016 ($412 Mil) but then increased from Jun. 2016 ($412 Mil) to Sep. 2016 ($445 Mil).

Discover Financial Services's annual credit losses provision increased from Nov. 2012 ($848 Mil) to Dec. 2013 ($1,086 Mil) and increased from Dec. 2013 ($1,086 Mil) to Dec. 2014 ($1,443 Mil).


Definition

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Discover Financial Services Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2016 was 484 (Dec. 2015 ) + 424 (Mar. 2016 ) + 412 (Jun. 2016 ) + 445 (Sep. 2016 ) = $1,765 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Discover Financial Services Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14Dec15
IS_CreditLossesProvision 7569501,5962,3623,2071,0138481,0861,4431,512

Discover Financial Services Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
IS_CreditLossesProvision 360354457390306332484424412445
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