Latest Annual Report
Filed: 2026-02-13
Key Insights
- The company has seen a steady increase in interchange revenue, net of retailer share arrangements, over the past 3 years, indicating growth in its credit card business.
- Non-interest expenses have also been rising, which could put pressure on profitability if not managed effectively.
- The company has a high concentration risk, with its five largest credit card programs accounting for a significant portion of its sales revenue and total liabilities.