Cash flow Synchrony Financial

Equities

SYF

US87165B1035

Consumer Lending

Market Closed - Nyse Other stock markets 21:00:03 21/04/2026 BST			5-day change	1st Jan Change
77.63 ^USD	-1.21%		+5.20%	-6.95%

04-21	Synchrony Financial, Q1 2026 Earnings Call, Apr 21, 2026
04-21	BTIG Adjusts Price Target on Synchrony Financial to $72 From $96, Maintains Buy Rating	MT

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Published financial data: SYNCHRONY FINANCIAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	15.23B	16.88B	19.9B	21.6B	21.7B
Interest Income On Investments	43M	265M	808M	1.05B	903M
Interest Income, Total	15.27B	17.15B	20.71B	22.64B	22.6B
Interest On Deposits	566M	1.01B	2.95B	3.81B	3.33B
Total Interest On Borrowings	466M	513M	759M	828M	805M
Interest Expense, Total	1.03B	1.52B	3.71B	4.63B	4.14B
Net Interest Income	14.24B	15.62B	17B	18.01B	18.47B
Gain (Loss) on Sale of Assets	-	-	-	1.07B	-
Total Other Non Interest Income	-4.05B	-3.95B	-3.37B	-2.96B	-3.48B
Non Interest Income, Total	-4.05B	-3.95B	-3.37B	-1.89B	-3.48B
Revenues Before Provison For Loan Losses	10.19B	11.67B	13.63B	16.12B	14.98B
Provision For Loan Losses	726M	3.38B	5.96B	6.73B	5.22B
Total Revenues	9.47B	8.3B	7.66B	9.39B	9.76B
Salaries And Other Employee Benefits	1.5B	1.68B	1.84B	1.87B	2.09B
Selling General & Admin Expenses, Total	1.82B	1.94B	2.08B	2.26B	2.35B
Total Other Non Interest Expense	540M	541M	505M	512M	507M
Non Interest Expense, Total	3.86B	4.16B	4.43B	4.65B	4.95B
EBT, Excl. Unusual Items	5.61B	4.14B	3.24B	4.74B	4.81B
Restructuring Charges	-	-	-43M	-	-
Other Unusual Items	-104M	-173M	-288M	-192M	-189M
EBT, Incl. Unusual Items	5.5B	3.96B	2.9B	4.55B	4.62B
Income Tax Expense	1.28B	946M	666M	1.05B	1.07B
Earnings From Continuing Operations	4.22B	3.02B	2.24B	3.5B	3.55B
Net Income to Company	4.22B	3.02B	2.24B	3.5B	3.55B
Net Income - (IS)	4.22B	3.02B	2.24B	3.5B	3.55B
Preferred Dividend and Other Adjustments	42M	42M	42M	72M	83M
Net Income to Common Incl Extra Items	4.18B	2.97B	2.2B	3.43B	3.47B
Net Income to Common Excl. Extra Items	4.18B	2.97B	2.2B	3.43B	3.47B
Per Share Items
Net EPS - Basic	7.4	6.19	5.21	8.64	9.38
Basic EPS - Continuing Operations	7.4	6.19	5.21	8.64	9.38
Basic Weighted Average Shares Outstanding	565M	480M	421M	396M	370M
Net EPS - Diluted	7.34	6.15	5.19	8.55	9.28
Diluted EPS - Continuing Operations	7.34	6.15	5.19	8.55	9.28
Diluted Weighted Average Shares Outstanding	569M	483M	424M	401M	374M
Normalized Basic EPS	6.21	5.38	4.8	7.48	8.13
Normalized Diluted EPS	6.16	5.35	4.77	7.4	8.04
Dividend Per Share	0.88	0.9	0.96	1	1.15
Payout Ratio	12.84	15.78	20.02	13.43	14.36
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	23.3	23.88	22.93	23.15	23.13
Current Domestic Taxes	1.06B	1.36B	1.11B	1.14B	872M
Current Foreign Taxes	5M	5M	10M	7M	13M
Total Current Taxes	1.06B	1.37B	1.12B	1.15B	885M
Deferred Domestic Taxes	220M	-423M	-457M	-97M	185M
Deferred Foreign Taxes	-1M	2M	-1M	-1M	-1M
Total Deferred Taxes	219M	-421M	-458M	-98M	184M
Normalized Net Income	3.5B	2.58B	2.02B	2.97B	3.01B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	8.34B	10.29B	14.26B	14.71B	14.97B
Investment Securities, Total	2.25B	3.88B	2.28B	3.73B	4.22B
Mortgage Backed Securities	461M	318M	354M	289M	297M
Total investments	2.71B	4.2B	2.64B	4.02B	4.52B
Gross Loans	80.74B	92.47B	103B	105B	104B
Allowance For Loan Losses	-8.69B	-9.53B	-10.57B	-10.93B	-10.44B
Net Loans	72.05B	82.94B	92.42B	93.79B	93.37B
Goodwill	1.1B	1.1B	1.02B	1.27B	1.36B
Other Intangibles, Total	1.17B	1.29B	815M	854M	1.26B
Loans Held For Sale	4.36B	-	-	-	-
Restricted Cash	349M	136M	50M	44M	44M
Other Current Assets, Total	-	-	256M	-	-
Deferred Tax Assets Long-Term (Collected)	-	-	-	2.29B	2.08B
Deferred Charges Long-Term	-	-	498M	-	-
Other Long-Term Assets, Total	5.67B	4.6B	5.53B	2.48B	1.5B
Total Assets	95.75B	105B	117B	119B	119B
Liabilities
Accrued Expenses, Total	5.09B	5.6B	4.26B	3.39B	3.53B
Interest Bearing Deposits	56.91B	64.14B	70.79B	70.46B	68.45B
Institutional Deposits	5B	7.2B	10B	11.2B	12.3B
Non-Interest Bearing Deposits	359M	399M	364M	398M	396M
Total Deposits	62.27B	71.74B	81.15B	82.06B	81.14B
Current Portion of Long-Term Debt	749M	-	-	-	2.25B
Long-Term Debt	13.76B	14.19B	15.98B	15.46B	12.93B
Other Current Liabilities - (Bank / Utility Template)	-	-	107M	-	-
Unearned Revenue Non Current	-	-	1.9B	1.8B	1.8B
Pension & Other Post Retirement Benefits	228M	163M	171M	165M	165M
Other Non Current Liabilities	-	-	7M	-	507M
Total Liabilities	82.09B	91.69B	104B	103B	102B
Preferred Stock Redeemable	734M	734M	734M	1.22B	1.22B
Total Preferred Equity	734M	734M	734M	1.22B	1.22B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	9.67B	9.72B	9.78B	9.85B	9.9B
Retained Earnings	14.24B	16.72B	18.66B	21.64B	24.6B
Treasury Stock	-10.92B	-14.17B	-15.2B	-16.07B	-18.91B
Comprehensive Income and Other	-69M	-125M	-68M	-59M	-48M
Total Common Equity	12.92B	12.14B	13.17B	15.36B	15.54B
Total Equity	13.66B	12.87B	13.9B	16.58B	16.77B
Total Liabilities And Equity	95.75B	105B	117B	119B	119B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	521M	437M	407M	389M	348M
ECS Total Common Shares Outstanding	527M	438M	407M	388M	347M
Book Value / Share	24.53	27.7	32.37	39.56	44.74
Tangible Book Value	10.65B	9.75B	11.34B	13.23B	12.93B
Tangible Book Value Per Share	20.21	22.24	27.86	34.08	37.21
Average Assets	94.11B	98.15B	110B	119B	119B
Average Loans	78.93B	84.67B	94.83B	102B	100B
Total Debt	14.51B	14.19B	15.98B	15.46B	15.18B
Net Debt	6.17B	3.9B	1.72B	751M	209M
Equity Method Investments, Total	-	-	-	816M	1.44B
Full Time Employees	18K	18.5K	20K	20K	20K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.22B	3.02B	2.24B	3.5B	3.55B
Depreciation, Depletion & Amortization	51M	57M	164M	157M	151M
Amortization of Goodwill and Intangible Assets - (CF)	339M	362M	294M	324M	363M
Total Depreciation, Depletion & Amortization	390M	419M	458M	481M	514M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-1.07B	-
Provision for Credit Losses	726M	3.38B	5.96B	6.73B	5.22B
Changes in Accrued Interest Receivable	424M	-197M	-645M	33M	-598M
Change in Other Net Operating Assets (Collected)	597M	-72M	300M	-238M	437M
Other Operating Activities	741M	153M	277M	409M	721M
Cash from Operations	7.1B	6.69B	8.59B	9.85B	9.85B
Cash Acquisitions	-	-	-	-1.94B	-161M
Divestitures	-	-	-	491M	-
Investment in Marketable and Equity Securities, Total	2.09B	118M	1.39B	805M	765M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-6.36B	-9.8B	-14.9B	-7.58B	-4.61B
Other Investing Activities, Total	-549M	-549M	-722M	-688M	-852M
Cash from Investing	-4.81B	-10.23B	-14.23B	-8.9B	-4.85B
Long-Term Debt Issued, Total	3.1B	4.96B	3.03B	2.44B	4.03B
Total Debt Issued	3.1B	4.96B	3.03B	2.44B	4.03B
Long-Term Debt Repaid, Total	-4.39B	-5.28B	-1.26B	-2.98B	-4.32B
Total Debt Repaid	-4.39B	-5.28B	-1.26B	-2.98B	-4.32B
Repurchase of Common Stock	-2.88B	-3.32B	-1.11B	-1.01B	-2.94B
Issuance of Preferred Stock	-	-	-	488M	-
Common Dividends Paid	-500M	-434M	-406M	-398M	-427M
Preferred Dividends Paid	-42M	-42M	-42M	-72M	-83M
Common & Preferred Stock Dividends Paid	-542M	-476M	-448M	-470M	-510M
Net Increase (Decrease) in Deposit Accounts - (CF)	-534M	9.45B	9.44B	879M	-926M
Other Financing Activities, Total	29M	-44M	-22M	36M	-63M
Cash from Financing	-5.2B	5.28B	9.63B	-611M	-4.74B
Net Change in Cash	-2.92B	1.74B	3.99B	334M	262M
Supplemental Items
Cash Interest Paid	1.03B	1.36B	3.55B	4.66B	4.16B
Cash Income Tax Paid (Refund)	1.11B	1.29B	1.12B	1.09B	710M
Net Debt Issued / Repaid	-1.28B	-329M	1.78B	-536M	-295M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.4	3.01	2.02	2.95	2.98
Return On Equity %	32.03	22.74	16.72	22.96	21.3
Return on Common Equity	33.58	23.74	17.35	24.03	22.45
Shareholders Value Added	3.07B	1.87B	1.04B	2.11B	2.06B
Margin Analysis
SG&A Margin	35.06	43.66	51.19	44.03	45.5
Net Interest Income / Total Revenues %	150.42	188.28	221.86	191.77	189.28
EBT Excl. Non-Recurring Items Margin %	59.23	49.83	42.22	50.52	49.3
Income From Continuing Operations Margin %	44.59	36.34	29.21	37.26	36.41
Net Income Margin %	44.59	36.34	29.21	37.26	36.41
Net Avail. For Common Margin %	44.15	35.84	28.66	36.49	35.56
Normalized Net Income Margin	37.02	31.14	26.39	31.58	30.81
Asset quality
Nonperforming Loans / Total Loans %	1.17	1.69	2.28	2.4	2.17
Nonperforming Loans / Total Assets %	0.98	1.49	2	2.1	1.89
Nonperforming Assets / Total Assets %	0.98	1.49	2	2.1	1.89
NPAs / Loans and OREO	1.17	1.69	2.28	2.4	2.17
NPAs / Equity	6.9	12.13	16.92	15.15	13.41
Allowance for Credit Losses / Net Charge-offs %	377.08	375.67	228.81	170.23	184.36
Allowance for Credit Losses / Nonperforming Loans %	922.29	609.92	449.26	435.07	464.5
Allowance for Credit Losses / Total Loans %	10.76	10.3	10.26	10.44	10.06
Net Charge-offs / Total Average Loans %	2.92	3	4.87	6.31	5.65
Provision for Loan Losses / Net Charge-offs %	31.51	133.08	129.11	104.88	92.25
Earning Assets / IBL	128.13	125.93	124.09	124.38	125.26
Interest Income / Average Assets	16.23	17.47	18.86	18.97	18.95
Interest Expense / Average Assets	1.1	1.55	3.38	3.88	3.47
Net Interest Income / Average Assets	15.13	15.92	15.48	15.09	15.49
Non Interest Income / Average Assets	-4.3	-4.03	-3.07	-1.58	-2.92
Non Interest Expense / Average Asset	4.1	4.24	4.03	3.89	4.15
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.98	12.51	11.4	12.04	12.95
Total Average Equity / Total Average Assets %	13.75	13.24	12.06	12.87	13.98
Total Equity + Allowance for Loan Losses / Total Loans %	27.67	24.22	23.76	26.27	26.21
Gross Loans / Total Deposits %	129.66	128.9	126.91	127.61	127.93
Net Loans / Total Deposits %	115.71	115.62	113.88	114.29	115.06
Tier 1 Capital Ratio %	16.5	13.6	12.9	14.5	13.8
Total Capital Ratio %	17.8	15	14.9	16.5	15.8
Core Tier 1 Capital Ratio	15.6	12.8	12.2	13.3	12.6
Tier 2 Capital Ratio	1.32	1.33	2.06	2.06	2.06
Leverage Ratio %	14.7	12.3	11.7	12.9	12.5
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	12.81	8.72	4.83	6.5	6.74
EBT + Interest Expense / Interest Expense	6.33	3.6	1.78	1.98	2.12
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-1.13	9.73	8.79	5.95	2.53
Non Interest Income, 1 Yr. Growth %	24.91	-2.37	-14.65	-44.07	84.78
Provision For Loan Losses, 1 Yr. Growth %	-86.33	364.88	76.74	12.88	-22.4
Total Revenues, 1 Yr. Growth %	61.76	-12.33	-7.68	22.58	3.88
Earnings From Cont. Operations, 1 Yr. Growth %	204.77	-28.55	-25.8	56.34	1.51
Net Income, 1 Yr. Growth %	204.77	-28.55	-25.8	56.34	1.51
Normalized Net Income, 1 Yr. Growth %	158.15	-26.25	-21.77	46.68	1.37
Diluted EPS Before Extra, 1 Yr. Growth %	223.35	-16.21	-15.61	64.74	8.54
Dividend Per Share, 1 Yr. Growth %	0	2.27	6.67	4.17	15
Gross Loans, 1 Yr. Growth %	-1.38	14.53	11.37	1.68	-0.87
Allowance For Loan Losses, 1 Yr. Growth %	-15.36	9.66	10.96	3.39	-4.46
Net Loans, 1 Yr. Growth %	0.63	15.12	11.42	1.49	-0.45
Non Performing Loans, 1 Yr. Growth %	-17.59	65.82	50.64	6.76	-10.51
Non Performing Assets, 1 Yr. Growth %	-17.59	65.82	50.64	6.76	-10.51
Total Assets, 1 Yr. Growth %	-0.21	9.21	12.35	1.69	-0.31
Total Deposits, 1 Yr Growth %	-0.82	15.2	13.13	1.12	-1.12
Tangible Book Value, 1 Yr. Growth %	9.05	-8.46	10.14	16.71	-2.3
Average Interest Earning Assets, 1 Yr. Growth %	-4.2	3.54	12.19	8.75	-0.68
Average Interest Bearing Liabilities, 1 Yr. Growth %	-6.49	5.35	13.85	8.49	-1.38
Common Equity, 1 Yr. Growth %	7.97	-6.05	8.48	16.62	1.21
Total Equity, 1 Yr. Growth %	7.51	-5.73	8	19.25	1.12
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	-7.93	4.16	9.26	7.36	4.23
Non Interest Income, 2 Yr. CAGR %	7.73	10.43	-8.72	-30.91	1.66
Provision For Loan Losses, 2 Yr. CAGR %	-58.32	-20.28	186.64	41.24	-6.41
Total Revenues, 2 Yr. CAGR %	1.81	19.09	-10.03	6.38	12.84
Earnings From Cont. Operations, 2 Yr. CAGR %	6.14	47.57	-27.18	7.71	25.98
Net Income, 2 Yr. CAGR %	6.14	47.57	-27.18	7.71	25.98
Normalized Net Income, 2 Yr. CAGR %	4.24	39.3	-24.04	7.12	22.76
Diluted EPS Before Extra, 2 Yr. CAGR %	14.9	64.6	-15.91	17.91	33.72
Dividend Per Share, 2 Yr. CAGR %	1.16	1.13	4.45	5.41	9.45
Gross Loans, 2 Yr. CAGR %	-3.78	6.28	12.94	6.42	0.4
Allowance For Loan Losses, 2 Yr. CAGR %	24.53	-3.66	10.31	7.11	-0.61
Net Loans, 2 Yr. CAGR %	-6.04	7.63	13.25	6.34	0.51
Non Performing Loans, 2 Yr. CAGR %	-29.12	16.9	58.05	26.81	-2.26
Non Performing Assets, 2 Yr. CAGR %	-29.12	16.9	58.05	26.81	-2.26
Total Assets, 2 Yr. CAGR %	-4.43	4.39	10.77	6.89	0.69
Total Deposits, 2 Yr CAGR %	-2.24	6.89	14.16	6.96	-0.01
Tangible Book Value, 2 Yr. CAGR %	-5.84	-0.09	3.18	13.38	6.78
Average Interest Earning Assets, 2 Yr. CAGR %	-4.74	-0.4	7.78	10.45	3.92
Average Interest Bearing Liabilities, 2 Yr. CAGR %	-6.39	-0.74	9.52	11.14	3.44
Common Equity, 2 Yr. CAGR %	-5.12	0.72	0.96	12.48	8.64
Total Equity, 2 Yr. CAGR %	-4.87	0.67	0.9	13.49	9.81
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	-4.05	-2.39	5.68	8.15	5.73
Non Interest Income, 3 Yr. CAGR %	12.61	4.25	1.34	-22.47	-4.1
Provision For Loan Losses, 3 Yr. CAGR %	-49.22	-6.88	3.95	110.1	15.68
Total Revenues, 3 Yr. CAGR %	6.94	-3.14	9.4	-0.26	5.54
Earnings From Cont. Operations, 3 Yr. CAGR %	14.8	-6.98	17.35	-6.06	5.6
Net Income, 3 Yr. CAGR %	14.8	-6.98	17.35	-6.06	5.6
Normalized Net Income, 3 Yr. CAGR %	13.03	-7.12	14.93	-5.41	5.17
Diluted EPS Before Extra, 3 Yr. CAGR %	25.2	3.42	31.74	5.22	14.7
Dividend Per Share, 3 Yr. CAGR %	6.92	1.53	2.94	4.35	8.51
Gross Loans, 3 Yr. CAGR %	-4.65	1.97	7.95	9.06	3.93
Allowance For Loan Losses, 3 Yr. CAGR %	10.57	19.36	0.98	7.95	3.1
Net Loans, 3 Yr. CAGR %	-5.99	0.54	8.88	9.19	4.02
Non Performing Loans, 3 Yr. CAGR %	-23.7	-5.91	27.21	38.67	12.9
Non Performing Assets, 3 Yr. CAGR %	-23.7	-5.91	27.21	38.67	12.9
Total Assets, 3 Yr. CAGR %	-3.57	-0.08	6.98	7.66	4.43
Total Deposits, 3 Yr CAGR %	-0.92	3.26	8.93	9.64	4.19
Tangible Book Value, 3 Yr. CAGR %	-5.25	-6.73	5.1	7.51	7.89
Average Interest Earning Assets, 3 Yr. CAGR %	-1.46	-2.06	3.63	8.1	6.61
Average Interest Bearing Liabilities, 3 Yr. CAGR %	-2.44	-2.63	3.9	9.17	6.8
Common Equity, 3 Yr. CAGR %	-4.16	-5.43	3.24	5.93	8.59
Total Equity, 3 Yr. CAGR %	-2.38	-5.15	3.06	6.68	9.21
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	1.03	0.8	1.07	1.4	5.1
Non Interest Income, 5 Yr. CAGR %	9.61	8.32	3.54	-11.57	1.47
Provision For Loan Losses, 5 Yr. CAGR %	-28.87	-8.62	1.47	10	-0.32
Total Revenues, 5 Yr. CAGR %	6.26	3.25	-0.2	0.56	10.76
Earnings From Cont. Operations, 5 Yr. CAGR %	13.4	9.28	-4.31	-1.36	20.73
Net Income, 5 Yr. CAGR %	13.4	9.28	-4.31	-1.36	20.73
Normalized Net Income, 5 Yr. CAGR %	8.25	2.6	-3.59	-1.66	17.68
Diluted EPS Before Extra, 5 Yr. CAGR %	22.05	20.51	6.77	8.99	32.53
Dividend Per Share, 5 Yr. CAGR %	27.62	9.95	5.92	3.06	5.5
Gross Loans, 5 Yr. CAGR %	1.13	2.45	2.03	3.73	4.86
Allowance For Loan Losses, 5 Yr. CAGR %	14.87	11.32	10.46	14.3	0.34
Net Loans, 5 Yr. CAGR %	0.02	1.66	1.28	2.82	5.45
Non Performing Loans, 5 Yr. CAGR %	-16.7	-11.07	2.1	6.02	14.49
Non Performing Assets, 5 Yr. CAGR %	-16.7	-11.07	2.1	6.02	14.49
Total Assets, 5 Yr. CAGR %	1.2	1.76	1.93	2.65	4.42
Total Deposits, 5 Yr CAGR %	3.65	4.9	4.86	4.72	5.27
Tangible Book Value, 5 Yr. CAGR %	-3.21	-4.84	-1.96	1.95	5.77
Average Interest Earning Assets, 5 Yr. CAGR %	2.82	1.71	2.14	2.77	3.75
Average Interest Bearing Liabilities, 5 Yr. CAGR %	2.28	1.61	2.18	2.66	3.71
Common Equity, 5 Yr. CAGR %	-1.86	-3.13	-2.15	1.36	5.37
Total Equity, 5 Yr. CAGR %	-0.77	-1.99	-1.08	1.9	5.71