secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001407200-25-000005
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Trust reports $29.4B receivables, 1.76% delinquency as of Dec 31, 2024
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- Total receivables $29.39B across 12.71M accounts; average balance $3,497, avg credit limit $14,176.
- Total delinquent receivables $516M (1.76% of total); 30–59 days $154.5M (0.52%).
- 68.23% of receivables from accounts with FICO 720+; 2.47% below 600.
- 100% of accounts are 60+ months old; top 9 states make up >50% (Texas 8.69%, CA 7.51%).
- Monthly full balance payment rate 27.18%; avg balance reduction rate 0.76% over 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720025000005/0001407200-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894329/000140720025000005/qtrly_dcmtxdcentxasofdecem.htm
  HTML page:      https://secwatch.observer/filing/0001407200-25-000005

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