Synchrony Financial
SYF
ISIN null / Valor 23967617
Synchrony Financial
UMushroom community rating:
About company
Synchrony Financial is a consumer-focused financial services company that issues private-label and co-branded credit cards and other consumer financing products through partnerships with retailers, healthcare providers and manufacturers, and also operates retail-oriented consumer banking services (including deposit products) through its banking subsidiary. The firm originates, services and finances installment loans, promotional and revolving credit, and payment solutions, and manages receivables financing and securitization to fund its portfolio; it generates revenue primarily from interest, fees and merchant payments. Spun out of GE Capital in 2014 and listed publicly, Synchrony services a broad base of consumer accounts across sectors such as retail, healthcare and home improvement and relies on partnerships and digital platforms to underwrite credit, manage risk and support payment and loyalty programs.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (30.08.2026):
Synchrony Financial — Second quarter 2026: Net earnings were $885 million, or $2.59 per diluted share, down from $967 million a year earlier, while the company reported record purchase volume and continued portfolio growth and strong credit metrics. Key operating results included purchase volume of $49.8 billion (+8%), period-end loan receivables of $102.2 billion (+2%), net interest margin of 15.08% (+30 bps), and $950 million returned to shareholders in the quarter.
Net earnings and EPS
Net earnings of $885M (diluted EPS $2.59) decreased 8% vs. 2Q25 ($967M, $2.50 diluted); year-to-date net earnings were $1.69B.
Purchase volume and receivables
Record purchase volume of $49.827B (+8.1% YoY) and period-end loan receivables of $102.208B (+2.4% YoY); average active accounts were essentially flat at ~68.3M.
Net interest and margins
Net interest income was $4.608B (+2% YoY) with a net interest margin of 15.08% (up 30 basis points vs. 2Q25); interest and fees on loans were $5.38B (+1%).
Credit quality
Credit metrics improved modestly: 30+ days past due 4.16% (down 2 bps YoY), 90+ days past due 2.01% (down 5 bps YoY), and net charge-offs 5.43% of average loan receivables (down 27 bps YoY); allowance for credit losses at period-end 10.09% of receivables.
Capital, liquidity and shareholder returns
Estimated CET1 ratio 13.2%; deposits totaled $82.8B (83% of funding); total liquid assets $19.8B (16.2% of assets). The company returned $950M in capital ( $850M repurchases, $100M dividends) and has $5.7B remaining repurchase authorization; issued $500M preferred stock with a 7.25% dividend.
Costs and efficiency
Other expense rose to $1.331B (+7% YoY), driven by operational losses and technology investments; efficiency ratio increased to 35.8% (up 170 bps YoY).
Business and product highlights
Added/renewed 15+ partners (including Suzuki Motor, AmeriVet, Roto-Rooter), completed acquisition/launch of the MyLowe’s Pro Rewards AmEx card, and refreshed the DICK’S Sporting Goods card with enhanced rewards.
Management commentary
CEO Brian Doubles cited momentum across core drivers — record purchase volume, rising spend per account and new account growth — while CFO Brian Wenzel emphasized credit discipline, lower delinquencies, net charge-offs below target range, funding cost reductions and continued investment in strategic initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
25506 M
Market cap (USD)
2,510,112
Daily traded volume (Shares)
65.52 / 64
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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