Discover Financial Services (NYSE:DFS) Q3 2017 Earnings Conference Call - Final Transcript
Oct 24, 2017 • 06:00 pm ET
business posted equally strong growth of 10%, while deposit betas remained low. With respect to credit, while our charge-off rates have risen as credit conditions normalized in loan season, they remain below both historical norms and the industry average, and we're continuing to execute on our capital plan with strong loan growth and the leading payout ratio helping to bring our capital ratio closer to target levels.
Our commitment to disciplined profitable growth fueled strong operating performance with 10% revenue growth, NIM expansion and a healthy 22% return on equity. In addition, expenses remain well managed as evidenced by one of the best efficiency ratios in the industry.
That concludes our formal remarks. Now I'll turn the call back to our operator, Ruth, to open the line for Q&A.