SYNCHRONY $SYF Q3โ26 EARNINGS HIGHLIGHTS
๐น EPS: $2.68 (Est. $2.42) ๐ข
๐น Net Interest Income: $4.8B; +2% YoY
๐น Net Earnings: $892M; -17% YoY
๐น Purchase Volume: $49.7B; +8% YoY
Purchase Volume by Platform:
๐น Home & Auto: +9% YoY
๐น Digital: +5% YoY
๐น Diversified & Value: +13% YoY
๐น Health & Wellness: +3% YoY
๐น Lifestyle: +6% YoY
Announcements:
๐ธ Established partnership with OpenAI for strategic agentic commerce collaboration
๐ธ Announced new integration with Stripe for CareCredit financing at online checkout
Other Q3 Metrics:
๐น Net Interest Margin: 15.50%; -12 bps YoY
๐น Efficiency Ratio: 35.9%; +330 bps YoY
๐น Net Charge-offs: 4.79%; -37 bps YoY
๐น 30+ Days Past Due: 4.34%; -5 bps YoY
๐น Return on Equity: 21.0%; -410 bps YoY
๐น CET1 Ratio: 12.9%
Capital Return:
๐น Share Repurchases: $1.1B
๐น Common Stock Dividends: $110M
๐น Remaining Authorization: ~$4.6B
Key Updates:
๐ธ Provision included a $30 million reserve build versus a $152 million release in the prior year
Comments:
๐ธ โSpend reached a record third quarter level and increased across credit cohorts and generationsโ