Synchrony Financial (SYF) Form 8-K — Oct 20, 2026
Synchrony Financial reported Q3 2026 net earnings of $892 million, or $2.68 per diluted share, down 17% from $1.1 billion, or $2.86, in Q3 2025. The decline was driven by a $30 million reserve build (vs a $152 million release last year), a 7% rise in retailer share arrangements, and a 10% jump in operating expenses. Operationally the quarter was strong: purchase volume grew 8% to a record $49.7 billion, loan receivables rose 3% to $103.3 billion, and credit improved, with net charge-offs falling to 4.79% from 5.16%. NIM slipped 12bps to 15.50% and ROE fell to 21.0% from 25.1%.
Key figures
- Eps
- 2.68
- Revenue
- 0
- Net Income
- 892000000
- Deposits
- $83.0 billion, +4%
- Cet1 ratio
- 12.9% vs 14.3% prior year
- Purchase volume
- $49.7 billion, +8% YoY
- Capital returned
- $1.2 billion ($1.1B buybacks, $110M dividends)
- Efficiency ratio
- 35.9%, +330bps YoY
- Loan receivables
- $103.3 billion, +3% YoY
- Return on assets
- 2.9%, -70bps YoY
- Return on equity
- 21.0%, -410bps YoY
- Fy26 guidance eps
- ~$9.50
- Net charge off rate
- 4.79% vs 5.16% prior year
- Net interest margin
- 15.50%, -12bps YoY
- Book value per share
- $47.64, +8%
- Diluted eps prior year
- 2.86
- Provision for credit losses
- $1.3 billion, +10% YoY
- Tangible book value per share
- $42.79, +6%
- Remaining repurchase authorization
- $4.6 billion
AI analysis
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