Synchrony Financial said net earnings for the 3 months ended September 30, 2025 increased to $1.1 billion from $789 million in the prior-year period, and for the 9 months increased to $2.8 billion from $2.7 billion. The company cited decreases in provision for credit losses and higher net interest income as primary factors.

1. 01

   Synchrony Financial said net earnings for the 3 months ended September 30, 2025 increased to $1.1 billion from $789 million in the prior-year period, and for the 9 months increased to $2.8 billion from $2.7 billion. The company cited decreases in provision for credit losses and higher net interest income as primary factors.

2. 02

   Synchrony Financial said provision for credit losses decreased by $451 million (28.2%) for the 3 months and by $1.4 billion (26.9%) for the 9 months. The allowance coverage ratio decreased to 10.35% from 10.79% in the prior-year period, and the net charge-off rate was 5.16% for the 3 months and 5.74% for the 9 months.

3. 03

   Synchrony Financial said net interest income increased 2.4% to $4.7 billion for the 3 months and increased 2.1% to $13.7 billion for the 9 months. Loan receivables decreased 2.0% to $100.2 billion compared to the prior-year period, and the company cited lower purchase volume and higher payment rates for the 9 months as factors.

4. 04

   Synchrony Financial said it repurchased $2.0 billion of its outstanding common stock during the 9 months and declared and paid cash dividends of $0.85 per share, or $321 million in the aggregate. As of September 30, 2025, remaining share repurchase authorization was $2.1 billion, and the company said it acquired Versatile Credit in October 2025.

Key figures

Quarter ended September 30, 2025

Net income

$1.1B

EPS

$2.86

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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Original filing

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