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Discover Financial Services's credit losses provision for the three months ended in Dec. 2016 was $578 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $1,859 Mil.
Discover Financial Services's quarterly credit losses provision increased from Jun. 2016 ($412 Mil) to Sep. 2016 ($445 Mil) and increased from Sep. 2016 ($445 Mil) to Dec. 2016 ($578 Mil).
Discover Financial Services's annual credit losses provision increased from Dec. 2014 ($1,443 Mil) to Dec. 2015 ($1,512 Mil) and increased from Dec. 2015 ($1,512 Mil) to Dec. 2016 ($1,859 Mil).
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 Dec. 2016 was 424 (Mar. 2016 ) + 412 (Jun. 2016 ) + 445 (Sep. 2016 ) + 578 (Dec. 2016 ) = $1,859 Mil.
Discover Financial Services Annual Data
Discover Financial Services Quarterly Data
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