v3.24.4
Consolidated Statements of Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Credit card loans $ 14,438 $ 10,632 $ 8,717
Other loans 2,515 1,870 1,734
Investment securities 449 179 182
Other interest income 443 183 18
Total interest income 17,845 12,864 10,651
Interest expense      
Deposits 3,886 1,257 661
Short-term borrowings 5 2 0
Long-term borrowings 855 606 473
Total interest expense 4,746 1,865 1,134
Net interest income 13,099 10,999 9,517
Provision for credit losses 6,018 2,359 218
Net interest income after provision for credit losses 7,081 8,640 9,299
Other income      
Discount and interchange revenue, net 1,381 1,303 1,144
Protection products revenue 172 172 165
Loan fee income 763 632 464
Transaction processing revenue 303 249 227
(Losses) gains on equity investments (9) (214) 424
Other income 85 75 66
Total other income 2,695 2,217 2,490
Other expense      
Employee compensation and benefits 2,434 2,139 1,986
Marketing and business development 1,164 1,035 810
Information processing and communications 608 513 500
Professional fees 1,041 871 797
Premises and equipment 89 118 92
Other expense 803 540 620
Total other expense 6,139 5,216 4,805
Income before income taxes 3,637 5,641 6,984
Income tax expense 841 1,325 1,596
Net income 2,796 4,316 5,388
Net income (loss) available to common stockholders, basic $ 2,715 $ 4,228 $ 5,289
Basic earnings per common share $ 10.71 $ 15.25 $ 17.64
Diluted earnings per common share $ 10.70 $ 15.23 $ 17.63