Synchrony Q4 net earnings $577M ($1.26 EPS) vs $813M; provision charge jumps 114%

Synchrony Financial

2022-FY EPS reported $6.15

Net interest income rose 7.2% to $4.1B; purchase volume hit record $47.9B, up 2%.
Provision for credit losses surged to $1.2B from $561M YoY; net charge-offs 3.48% vs 2.37%.
Loan receivables grew 15% to $92.5B; CET1 ratio declined to 12.8% from 15.6%.
Returned $803M capital including $700M buybacks; remaining authorization $700M.
Added or renewed 25+ programs including Lowe's; launched BNPL with Belk and Discount Tire.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Synchrony Financial reported fourth quarter 2022 results: net income $577 million, EPS $1.26 per diluted share.

Period: fourth quarter 2022
Net income: $577 million
EPS: $1.26 per diluted share
Result: reported results

Exact text from the filing

Synchrony Financial (NYSE: SYF) today announced fourth quarter 2022 net earnings of $577 million, or $1.26 per diluted share

View on SEC.gov

Browse all earnings releases →

Synchrony Financial filing history →

Source: SEC EDGAR

accession 0001601712-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.