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Discover Bank

Greenwood, DE · Cert 5649

FDIC · 2 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=157). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

29

Q2 2024Q1 2025peer median (50)

Asset Quality

7

Q2 2024Q1 2025peer median (50)

Profitability

97

Q2 2024Q1 2025peer median (50)

Liquidity

0

Q2 2024Q1 2025peer median

Efficiency

92

Q2 2024Q1 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Discover Bank

Greenwood, DE · Cert 5649

FDIC · 2 branches

Q1 2025

$145.4BAssets
$117.4BLoans
$114.3BDeposits
$14.2BEquity
Deposit mix
98%Interest-bearing $112.3B2%Noninterest $2.0BQ1 2024Q1 2025

NIM

13.02%Q1 ’2313.64%Q1 ’2413.59%Q1 ’25-3%+4%

Non-interest income vs. expense

3.82%Q1 ’233.60%Q1 ’243.74%Q1 ’25-11%+5%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2024 SOD (annual) · 0.0% share · #86 of 91 inst. · $0.0B of $611.1B

94.9% Sussex
0.0% New Castle

Executive Summary

  • Earnings: ROA of 2.90%, up 65 bps year over year; NIM at 10.21%.
  • Asset quality: problem loans at 1.87% of loans (+6 bps YoY), with net charge-offs at 4.97%.
  • Capital: tier 1 leverage ratio of 9.71%, up 57 bps from a year ago.
  • Funding: loans stand at 102.74% of deposits as of Q1 2025.

Financial Results

Return on Assets (YTD, annualized)

2.90%+65 bps YoY

Net Interest Margin (YTD, annualized)

10.21%+39 bps YoY

Efficiency Ratio (YTD, annualized)

34.15%+10 bps YoY

Tier 1 Leverage Ratio

9.71%+57 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets2.25%3.10%2.76%2.95%2.90%+65 bps
Return on Equity26.64%34.98%30.37%32.06%29.83%+319 bps
Net Interest Margin9.83%9.94%10.00%10.17%10.21%+39 bps
Efficiency Ratio34.05%34.77%35.89%35.75%34.15%+10 bps
Non-Interest Burden2.84%2.87%3.01%2.89%3.00%+15 bps
Growth
Asset Growth (YoY)14.82%9.43%5.57%-2.71%-3.26%-1,808 bps
Loan Growth (YoY)12.33%8.27%3.52%-5.68%-7.23%-1,956 bps
Deposit Growth (YoY)15.63%10.74%7.22%-0.15%0.34%-1,529 bps
Asset Quality
Nonperforming Loans / Loans1.81%1.72%1.78%1.90%1.87%+6 bps
Net Charge-Offs / Loans4.92%4.82%4.75%4.88%4.97%+5 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.15%10.19%9.90%9.89%9.71%+57 bps
Total Risk-Based Capital12.81%13.84%13.72%14.20%14.11%+130 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits111.13%113.89%110.90%107.70%102.74%-839 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Discover Bank

Greenwood, DE · Cert 5649 · Peer group: banks over $10B in assets (n=157)

FDIC · 2 branches

Q1 2025

$145.4BAssets
$117.4BLoans
$114.3BDeposits
$14.2BEquity

Executive Summary

  • Strongest standing: return on assets outperforms 97% of banks over $10B in assets (rank 5 of 157).
  • Widest gap: net charge-offs / loans trails 97% of banks over $10B in assets (rank 154 of 157).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

2.90%

Rank 5 of 157

Net Interest Margin

10.21%

Rank 4 of 157

Efficiency Ratio

34.15%

Rank 14 of 157

Equity / Assets

9.78%

Rank 107 of 157

Non-interest income vs. expense

$1.1B$5.5BINCOMEEXPENSE
Unfavorable gap of $4.4B · efficiency ratio beats 92% of banks over $10B in assets
Bank 34.15%Peer median 58.2%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.90%0.71%1.05%1.30%Beats 97%5 / 157
Return on Equity29.62%6.37%9.49%11.74%Beats 97%4 / 157
Net Interest Margin10.21%2.63%3.00%3.32%Beats 97%4 / 157
Efficiency Ratio34.15%50.94%58.20%64.54%Beats 92%14 / 157
Asset Quality
Nonperforming Loans / Loans1.87%0.43%0.71%1.09%Beats 10%143 / 157
Net Charge-Offs / Loans1.56%0.02%0.06%0.12%Beats 3%154 / 157
Capital
Tier 1 Capital Ratio11.91%12.27%13.30%15.69%Beats 17%130 / 157
Total Risk-Based Capital Ratio14.11%13.53%14.45%16.90%Beats 39%95 / 157
Equity / Assets9.78%9.44%11.03%12.72%Beats 32%107 / 157
Liquidity & Funding
Loans / Deposits102.74%73.81%83.13%89.67%95th pctl8 / 157
Loans / Assets80.74%58.69%68.04%73.57%93rd pctl11 / 157
Brokered Deposits / Depositsn/aNot reported for this institution