Synchrony Financial said net earnings for the 3 months ended September 30, 2026 fell to $1.1 billion from $892 million, and for the 9 months fell to $2.8 billion from $2.6 billion.

1. 01

   Synchrony Financial said net earnings for the 3 months ended September 30, 2026 fell to $1.1 billion from $892 million, and for the 9 months fell to $2.8 billion from $2.6 billion.

2. 02

   The company said net interest income rose $89 million and $347 million for the 3-month and 9-month periods, respectively, while provision for credit losses rose $120 million and $19 million, and other expense rose $123 million and $282 million.

3. 03

   The company said loan receivables rose 3.2% year over year to $103.3 billion as of September 30, 2026, that its over-30-day delinquency rate was 4.34% (4.39% a year earlier), and that its 3-month net charge-off rate fell to 4.79%, down 37 basis points.

4. 04

   Synchrony Financial said it issued depositary shares representing $500 million of 7.250% Series C fixed-rate reset non-cumulative perpetual preferred stock in June 2026, and that during the 9 months it repurchased $2.9 billion of common stock and paid dividends of $314 million.

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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