{"schema_version":"secwatch.filing_event.v1","accession":"0001393612-24-000028","form_type":"8-K","ticker":null,"cik":"0001393612","company_name":"Discover Financial Services","filed_at":"2024-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.212784+00:00","generated_at":"2026-06-03T21:35:40.619143+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DFS Q1 net income $308M (-68% YoY); EPS $1.10; charge-off rate 4.92% up 220bps","bullets":["Net income $308M vs $968M YoY; diluted EPS $1.10 vs $3.55; revenue $4.21B up 13%.","Total loans $126.6B (+12% YoY); credit card loans $99.5B (+11%).","Total net charge-off rate 4.92% (220bps YoY increase); credit card charge-off rate 5.66%.","Provision for credit losses $1.5B (+36%); operating expenses up 67% driven by $799M card misclassification remediation reserve build.","Board declared $0.70/share quarterly dividend payable June 6, 2024 to record May 23."],"urls":{"canonical":"https://secwatch.observer/filing/0001393612-24-000028","json":"https://secwatch.observer/filing/0001393612-24-000028.json","markdown":"https://secwatch.observer/filing/0001393612-24-000028.md","text":"https://secwatch.observer/filing/0001393612-24-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393612/000139361224000028/0001393612-24-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393612/000139361224000028/dfs-20240417.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:35:40.619143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a6a220e2930869b26c7bc65eead722824c3b098","claim":"Discover Financial Services reported the quarter ended March 31, 2024 results: revenue $4,210, net income $308 million, EPS $1.10 per diluted share.","evidence_excerpt":"PER SHARE First Quarter 2024 Results 2024 2023 (1) YOY Change Total loans, end of period (in billions) $126.6 $112.7 12% Total revenue net of interest expense (in millions) $4,210 $3,742 13% Total net charge-off rate 4.92% 2.72% 220 bps Net income/(loss) (in millions) $308 $968 (68%) Diluted EPS $1.10 $3.55 (69%) Note(s) 1. The comparative prior quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393612/000139361224000028/0001393612-24-000028-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$4,210"},{"label":"Net income","value":"$308 million"},{"label":"EPS","value":"$1.10 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}