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Discover Financial Services (NYSE:DFS)
Credit Losses Provision
$1,546 Mil (TTM As of Mar. 2016)

Discover Financial Services's credit losses provision for the three months ended in Mar. 2016 was $424 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2016 was $1,546 Mil.

Discover Financial Services's quarterly credit losses provision increased from Sep. 2015 ($332 Mil) to Dec. 2015 ($484 Mil) but then declined from Dec. 2015 ($484 Mil) to Mar. 2016 ($424 Mil).

Discover Financial Services's annual credit losses provision increased from Dec. 2013 ($1,086 Mil) to Dec. 2014 ($1,443 Mil) and increased from Dec. 2014 ($1,443 Mil) to Dec. 2015 ($1,512 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 Mar. 2016 was 306 (Jun. 2015 ) + 332 (Sep. 2015 ) + 484 (Dec. 2015 ) + 424 (Mar. 2016 ) = $1,546 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Discover Financial Services Annual Data

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

Discover Financial Services Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
IS_CreditLossesProvision 354272360354457390306332484424
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