Discover 2014 Annual Report Download - page 5
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Please find page 5 of the 2014 Discover annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Highlights included:
• Net income of $2.3 billion or $4.90 per diluted share
• Return on equity of 21%
• Repurchase of 5% of our outstanding common stock
• Growth in total loans of 6%
• A net charge-off rate of 2.04%
• Network volume of $322 billion, including
$116 billion of Discover card volume
We achieved these results primarily by focusing on
profi table growth in our U.S. credit card business, which
in turn has been built around our promise to provide
cardmembers with “rewards, service and value.” We also
achieved meaningful growth in personal loans and private
student loans, while continuing to invest for the future
across our direct banking and payments operations.
Our Progress
Your company achieved strong fi nancial results in 2014.
2010 2014
Direct Banking Loans
Direct-To-Consumer Deposits
Total Network Volume
Acceptance Locations
ATM Locations
Net Income
Stock Price at Fiscal Year-End
$49.2 Bn
$20.6 Bn
$248 Bn
17 MM
750K
$18.28
$0.8 Bn
$69.9 Bn
$28.8 Bn
$322 Bn
31 MM
$2.3 Bn
$65.49
1.6 MM