AI English summary of an SEC filing — figures as filed
Synchrony Financial SYFThe company said net earnings for the quarter ended March 31, 2026 rose to $805 million from $757 million a year earlier. Net interest income increased by $171 million, provision for credit losses decreased by $156 million, and retailer share arrangements rose by $175 million.
Key points
AI summaryThe company said net earnings for the quarter ended March 31, 2026 rose to $805 million from $757 million a year earlier. Net interest income increased by $171 million, provision for credit losses decreased by $156 million, and retailer share arrangements rose by $175 million.
Synchrony said its net charge-off rate for the quarter ended March 31, 2026 was 5.42%, down 96 basis points from a year earlier, and net charge-offs fell by $242 million. It also said it expects its net charge-off rate for the year ending 2026 to be below its long-term target range of 5.5% to 6.0%.
The company said loan receivables were $100.1 billion as of March 31, 2026, down 3.6% from $103.8 billion as of December 31, 2025, reflecting seasonal trends. Deposits were $82.9 billion on the same date, representing 83% of total funding sources.
The company said it repurchased $900 million of common stock during the quarter ended March 31, 2026 and declared and paid cash dividends of $0.30 per share, or $104 million in total. In April 2026, its Board approved a new share repurchase program of up to $6.5 billion with no expiration date.
Key figures
Quarter ended March 31, 2026
- Net income
- $805M
- EPS
- $2.27
- Operating cash flow
- $2.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Quarterly net earnings $805 million
The company said net earnings for the quarter ended March 31, 2026 rose to $805 million from $757 million a year earlier. Net interest income increased by $171 million, provision for credit losses decreased by $156 million, and retailer share arrangements rose by $175 million.
Source · Based on the MD&A text of the filing
Net charge-off rate of 5.42% and 2026 full-year outlook
Synchrony said its net charge-off rate for the quarter ended March 31, 2026 was 5.42%, down 96 basis points from a year earlier, and net charge-offs fell by $242 million. It also said it expects its net charge-off rate for the year ending 2026 to be below its long-term target range of 5.5% to 6.0%.
Source · Based on the MD&A text of the filing
Loan receivables and deposit balances
The company said loan receivables were $100.1 billion as of March 31, 2026, down 3.6% from $103.8 billion as of December 31, 2025, reflecting seasonal trends. Deposits were $82.9 billion on the same date, representing 83% of total funding sources.
Source · Based on the MD&A text of the filing
Share buybacks and new program
The company said it repurchased $900 million of common stock during the quarter ended March 31, 2026 and declared and paid cash dividends of $0.30 per share, or $104 million in total. In April 2026, its Board approved a new share repurchase program of up to $6.5 billion with no expiration date.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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