Discover Financial Services Q4 Profit Rises - Quick Facts

(RTTNews) - Discover Financial Services (DFS) reported that its fourth-quarter net income to stockholders increased to $588 million or $1.23 per share, from $530 million or $1.06 per share, last year. The company's return on equity for the fourth quarter of 2013 was 22%.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.18 for the quarter. Analysts' estimates typicallly exclude special items.

Net interest income increased to $1.57 billion, from $1.43 billion, last year. Total other income was $560 million, compared to $588 million, a year ago. Analysts expected revenue of $2.11 billion for the quarter.

The Board of Discover declared a quarterly cash dividend of $0.20 per share of common stock payable on February 20, 2014, to holders of record at the close of business on February 6, 2014.