Quarterly ResultJul 21, 2026, 06:07 AM
Synchrony Q2 Net Earnings $885M, Diluted EPS $2.59
AI Summary
Synchrony Financial reported second quarter 2026 net earnings of $885 million, or $2.59 per diluted share, an 8% decrease from the prior year. Despite the earnings decline, the company saw strong business momentum with purchase volume up 8% to $49.8 billion and loan receivables growing 2% to $102.2 billion. Net interest margin improved by 30 basis points to 15.08%, and credit quality metrics showed improvement with lower delinquency and net charge-offs. Synchrony also returned $950 million to shareholders and expanded its partner network.
Key Highlights
- Net earnings decreased 8% to $885 million ($2.59 diluted EPS).
- Purchase volume increased 8% to $49.8 billion.
- Loan receivables increased 2% to $102.2 billion.
- Net interest margin increased 30 basis points to 15.08%.
- Returned $950 million to shareholders, including $850 million in buybacks.
- Loans 30+ days past due decreased 2 bps to 4.16%.
- Net charge-offs decreased 27 bps to 5.43%.
- Book value per share increased 10% to $46.67.
- Added or renewed over 15 partners, including Suzuki Motor, AmeriVet, and Roto-Rooter.
Price Impact
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