NYSE: SYF
Synchrony FinancialCIK 0001601712 · SIC 6199 · Finance Services
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Synchrony Financial prices $1.1B debt offering: $600M 5.450% 2030 notes, $500M 6.276% 2037 notes
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Synchrony Financial offers two series of fixed-to-floating senior notes; terms not yet disclosed
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SYF Q2 FY26: Net earnings flat at $885.0M; buyback, preferred issued, dividend up 13%
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Synchrony Financial reports Q2 2026 EPS of $2.59, up 4% YoY; returns $950M to shareholders
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Synchrony Financial reports improved credit metrics: charge-offs fall to 5.3%, delinquencies stable at 4.2%
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Synchrony names Carol Juel CEO of Digital platform, promotes Florin Arghirescu to CTO
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Synchrony Financial discloses 13 months of charge-off and delinquency data through May 2026
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Synchrony Financial raises capital with $500M preferred stock offering, restricts common dividends
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Synchrony Financial offers 500,000 depositary shares of 7.250% perpetual preferred stock at $1,000 each, raising $500 million
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Synchrony Financial offers depositary shares in perpetual preferred stock at undisclosed rate
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Synchrony Financial discloses routine monthly charge-off and delinquency statistics
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net income $805.0M. Synchrony Q1 earnings up 6%, unveils up to buyback with no expiration and 13% dividend hike
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Synchrony Financial reports Q1 2026 earnings results
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Synchrony Financial files routine monthly credit performance statistics through March 2026
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Latest financial statements
From 10-Q filed Oct 22, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Earnings (Unaudited)
($ in millions, except per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Interest income: | ||||
| Interest and fees on loans (Note 4) | 5,591 | 5,510 | 16,384 | 16,150 |
| Interest on cash and debt securities | 197 | 221 | 590 | 717 |
| Total interest income | 5,788 | 5,731 | 16,974 | 16,867 |
| Interest expense: | ||||
| Interest on deposits | 767 | 812 | 2,304 | 2,549 |
| Interest on borrowings of consolidated securitization entities | 106 | 105 | 323 | 313 |
| Interest on senior and subordinated unsecured notes | 106 | 94 | 295 | 300 |
| Total interest expense | 979 | 1,011 | 2,922 | 3,162 |
| Net interest income | 4,809 | 4,720 | 14,052 | 13,705 |
| Retailer share arrangements | (1,096) | (1,024) | (3,193) | (2,911) |
| Provision for credit losses (Note 4) | 1,266 | 1,146 | 3,802 | 3,783 |
| Net interest income, after retailer share arrangements and provision for credit losses | 2,447 | 2,550 | 7,057 | 7,011 |
| Other income: | ||||
| Interchange revenue | 302 | 272 | 866 | 778 |
| Protection product revenue | 168 | 149 | 490 | 440 |
| Loyalty programs | (439) | (368) | (1,236) | (1,039) |
| Other | 74 | 74 | 255 | 215 |
| Total other income | 105 | 127 | 375 | 394 |
| Other expense: | ||||
| Employee costs | 507 | 503 | 1,538 | 1,518 |
| Professional fees | 234 | 240 | 663 | 693 |
| Marketing and business development | 137 | 120 | 388 | 363 |
| Information processing | 260 | 226 | 770 | 660 |
| Other | 233 | 159 | 659 | 502 |
| Total other expense | 1,371 | 1,248 | 4,018 | 3,736 |
| Earnings before provision for income taxes | 1,181 | 1,429 | 3,414 | 3,669 |
| Provision for income taxes (Note 13) | 289 | 352 | 832 | 868 |
| Net earnings | 892 | 1,077 | 2,582 | 2,801 |
| Net earnings available to common stockholders | 864 | 1,057 | 2,512 | 2,739 |
| Earnings per share (Note 11) | ||||
| Basic | 2.71 | 2.89 | 7.59 | 7.29 |
| Diluted | 2.68 | 2.86 | 7.52 | 7.22 |
balance sheet
| Description | 2026 | 2025 |
|---|---|---|
| Three months ended September 30 ($ in millions) | ||
| Assets | ||
| Interest-earning assets: | ||
| Interest-earning cash and equivalents(2) | 16,423 | 154 |
| Securities available for sale | 4,381 | 43 |
| Loan receivables, including held for sale(3): | ||
| Credit cards | 94,337 | 5,305 |
| Consumer installment loans | 5,178 | 178 |
| Commercial credit products | 2,697 | 107 |
| Other | 66 | 1 |
| Total loan receivables, including held for sale | 102,278 | 5,591 |
| Total interest-earning assets | 123,082 | 5,788 |
| Non-interest-earning assets: | ||
| Cash and due from banks | 934 | 892 |
| Allowance for credit losses | (10,315) | (10,536) |
| Other assets | 8,245 | 7,913 |
| Total non-interest-earning assets | (1,136) | (1,731) |
| Total assets | 121,946 | 118,157 |
| Liabilities | ||
| Interest-bearing liabilities: | ||
| Interest-bearing deposit accounts | 82,409 | 767 |
| Borrowings of consolidated securitization entities | 8,611 | 106 |
| Senior and subordinated unsecured notes | 7,937 | 106 |
| Total interest-bearing liabilities | 98,957 | 979 |
| Non-interest-bearing liabilities: | ||
| Non-interest-bearing deposit accounts | 437 | 410 |
| Other liabilities | 5,735 | 5,287 |
| Total non-interest-bearing liabilities | 6,172 | 5,697 |
| Total liabilities | 105,129 | 101,116 |
| Equity | ||
| Total equity | 16,817 | 17,041 |
| Total liabilities and equity | 121,946 | 118,157 |
| Interest rate spread(4) | 14.73 | 14.76 |
| Net interest income | 4,809 | 4,720 |
| Net interest margin(5) | 15.50 | 15.62 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
($ in millions)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows - operating activities | ||
| Net earnings | 2,582 | 2,801 |
| Adjustments to reconcile net earnings to cash provided from operating activities | ||
| Provision for credit losses | 3,802 | 3,783 |
| Deferred income taxes | (10) | 171 |
| Depreciation and amortization | 438 | 375 |
| All other operating activities | 607 | 358 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions | ||
| (Increase) decrease in interest and fees receivable | (478) | (271) |
| (Increase) decrease in other assets | 150 | 114 |
| Increase (decrease) in accrued expenses and other liabilities | 10 | 66 |
| Cash provided from (used for) operating activities | 7,101 | 7,397 |
| Cash flows - investing activities | ||
| Maturity and sales of debt securities | 1,962 | 1,571 |
| Purchases of debt securities | (3,988) | (1,177) |
| Acquisition of loan receivables | (809) | — |
| Net (increase) decrease in loan receivables, including held for sale | (2,753) | 183 |
| All other investing activities | (610) | (789) |
| Cash provided from (used for) investing activities | (6,198) | (212) |
| Cash flows - financing activities | ||
| Borrowings of consolidated securitization entities | ||
| Proceeds from issuance of securitized debt | 1,495 | 1,495 |
| Maturities and repayment of securitized debt | (1,000) | (1,675) |
| Senior and subordinated unsecured notes | ||
| Proceeds from issuance of senior and subordinated unsecured notes | 1,837 | 1,788 |
| Maturities and repayment of senior and subordinated unsecured notes | (500) | (2,650) |
| Dividends paid on preferred stock | (70) | (62) |
| Proceeds from issuance of preferred stock | 494 | — |
| Net increase (decrease) in deposits | 1,802 | (2,182) |
| Purchases of treasury stock | (2,878) | (1,979) |
| Dividends paid on common stock | (314) | (321) |
| All other financing activities | (89) | (67) |
| Cash provided from (used for) financing activities | 777 | (5,653) |
| Increase (decrease) in cash and equivalents, including restricted amounts | 1,680 | 1,532 |
| Cash and equivalents, including restricted amounts, at beginning of period | 15,017 | 14,755 |
| Cash and equivalents at end of period: | ||
| Cash and equivalents | 15,901 | 16,245 |
| Restricted cash and equivalents included in other assets | 796 | 42 |
| Total cash and equivalents, including restricted amounts, at end of period | 16,697 | 16,287 |
Amounts as printed on the EDGAR/iXBRL face — ($ in millions, except per share data); ($ in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗