Synchrony Q3 net earnings $628M, EPS $1.48; loan receivables up 14%

Synchrony Financial

2023-Q3 EPS reported $4.14

Net earnings $628M, down 10.7% YoY; diluted EPS $1.48 vs $1.47 YoY, flat due to share repurchases.
Loan receivables grew 14% to $97.9B; purchase volume up 5% to $47.0B.
Net charge-offs rose to 4.60% from 3.00% YoY; provision for credit losses up 60% to $1.49B.
CET1 ratio 12.4%, down from 14.3% YoY; returned $254M capital including $150M buybacks.
Efficiency ratio improved to 33.2% from 36.5% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Synchrony Financial reported third quarter 2023 results: net income $628 million, EPS $1.48 per diluted share.

Period: third quarter 2023
Net income: $628 million
EPS: $1.48 per diluted share
Result: reported results

Exact text from the filing

On October 24, 2023, Synchrony Financial (the "Company") issued a press release setting forth the Company's third quarter 2023 earnings.

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Source: SEC EDGAR

accession 0001601712-23-000271

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