earnings
confidence high
sentiment negative
materiality 0.72
Synchrony Q3 net earnings fall 17% to $892M; EPS $2.68 vs $2.86, purchase volume up 8%
Synchrony Financial
- Net earnings $892M, or $2.68 diluted EPS, down from $1.1B/$2.86 in Q3 2025; net interest income rose 2% to $4.8B.
- Purchase volume rose 8% to $49.7B; loan receivables grew 3% to $103.3B; average active accounts flat at 68.3M.
- Provision for credit losses $1.3B, up 10%, on a $30M reserve build vs a $152M release a year earlier; net charge-offs 4.79% vs 5.16%.
- CET1 ratio 12.9% vs 14.3%; returned $1.2B capital, including $1.1B buybacks and $110M dividends; remaining repurchase authorization ~$4.6B.
- Declared quarterly dividend $0.34/share vs $0.30, up 13%; added or renewed 10 partners including La-Z-Boy and Fender; announced OpenAI and Stripe integrations.