earnings
confidence high
sentiment positive
materiality 0.80
Synchrony Q3 net earnings $789M, +26% YoY; EPS $1.94 vs $1.48
Synchrony Financial
2024-Q3 EPS reported
$6.65
- Diluted EPS of $1.94, up 31% YoY from $1.48; net earnings $789M (+26%).
- Loan receivables grew 4% to $102.2B; purchase volume fell 4% to $45.0B.
- Net charge-offs rose to 6.06% of avg loans (4.60% Q3 2023); allowance coverage 10.79%.
- Net interest margin narrowed 32bps to 15.04%; CET1 ratio improved to 13.1%.
- Returned $399M to shareholders: $300M buybacks + $99M dividends; remaining $700M authorization.