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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Non-interest revenues    
Non-interest revenues $ 12,032 $ 11,298
Interest income    
Interest on loans 5,058 3,939
Interest and dividends on investment securities 25 30
Deposits with banks and other 692 447
Total interest income 5,775 4,416
Interest expense    
Deposits 1,427 994
Long-term debt and other 579 439
Total interest expense 2,006 1,433
Net interest income 3,769 2,983
Total revenues net of interest expense 15,801 14,281
Provisions for credit losses    
Total provisions for credit losses 1,269 1,055
Total revenues net of interest expense after provisions for credit losses 14,532 13,226
Expenses    
Card Member rewards 3,774 3,766
Business development 1,392 1,393
Card Member services 1,171 983
Marketing 1,476 1,341
Salaries and employee benefits 2,098 2,014
Other, net 1,476 1,562
Total expenses 11,387 11,059
Pretax income 3,145 2,167
Income tax provision 708 351
Net income $ 2,437 $ 1,816
Earnings per Common Share    
Basic (in dollars per share) [1] $ 3.34 $ 2.41
Diluted (in dollars per share) [1] $ 3.33 $ 2.40
Average common shares outstanding for earnings per common share:    
Basic (in shares) 721 743
Diluted (in shares) 722 744
Card Member Receivables    
Provisions for credit losses    
Total provisions for credit losses $ 196 $ 222
Card Member Loans    
Provisions for credit losses    
Total provisions for credit losses 1,014 786
Other    
Provisions for credit losses    
Total provisions for credit losses 59 47
Discount revenue    
Non-interest revenues    
Non-interest revenues 8,380 7,947
Net card fees    
Non-interest revenues    
Non-interest revenues 1,974 1,713
Service fees and other revenue    
Non-interest revenues    
Non-interest revenues 1,292 1,218
Processed revenue    
Non-interest revenues    
Non-interest revenues $ 386 $ 420
[1] Represents net income less (i) earnings allocated to participating share awards of $18 million and $14 million for the three months ended March 31, 2024 and 2023, respectively, and (ii) dividends on preferred shares of $14 million for both the three months ended March 31, 2024 and 2023.