Synchrony Financial posted Q2 2026 net earnings of USD 885 million, down 8% from a year earlier; diluted EPS rose to USD 2.59.
Net interest income climbed 2% to USD 4.6 billion, as lower interest-bearing liabilities costs offset lower liquidity portfolio and loan yields.
Provision for credit losses rose 5% to USD 1.2 billion, reflecting a smaller reserve release than last year; net charge-offs fell to 5.43%.
Growth and capital return
Purchase volume increased 8% to USD 49.8 billion; period-end loan receivables grew 2% to USD 102.2 billion as average active accounts stayed flat at 68.3 million.
Added or renewed more than 15 partners, including Suzuki Motor, AmeriVet and Roto-Rooter; capital returned totaled USD 950 million, including USD 850 million of repurchases.
SYF•
