Quarterly ResultOct 22, 2026, 04:21 PM
Synchrony Financial Q3 Net Earnings Down to $892M; Net Interest Income Up
AI Summary
Synchrony Financial reported a decrease in net earnings for both the third quarter and the first nine months of 2026 compared to the prior year. Despite the earnings decline, net interest income saw an increase, and loan receivables grew. The company also reported improvements in delinquency rates and net charge-off rates. Synchrony continued its capital return program with significant share repurchases and dividend declarations.
Key Highlights
- Synchrony Financial reported net earnings of $892 million for Q3 2026, a decrease from $1.077 billion in Q3 2025.
- Nine-month net earnings decreased to $2.582 billion from $2.801 billion year-over-year.
- Net interest income increased to $4.809 billion for Q3 2026 from $4.720 billion in Q3 2025.
- Loan receivables grew 3.2% to $103.3 billion at September 30, 2026.
- Over-30 day loan delinquencies decreased to 4.34% at September 30, 2026.
- Net charge-off rate decreased to 4.79% for Q3 2026.
- Total deposits increased by 2.2% to $83.0 billion at September 30, 2026.
- Synchrony repurchased $2.9 billion of common stock and declared a quarterly dividend of $0.34 per share in the first nine months of 2026.
Price Impact
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