Synchrony beats Q3 earnings estimates with $2.68 EPS
- Synchrony Financial reported third-quarter 2026 diluted earnings of $2.68 per share, exceeding Zacks consensus estimate of $2.48, although net income declined 17% to $892 million.
- Total revenue was approximately $5.79 billion, while adjusted revenue of $4.81 billion fell slightly below analysts' $4.84 billion estimate.
- Synchrony maintained an approximately $9.50 EPS outlook for 2026, supported by anticipated loan growth and net charge-offs expected to remain below 5.5%.
Synchrony Financial (NYSE:SYF) reported third-quarter 2026 diluted earnings of $2.68 per share, exceeding the cited $2.48 analyst estimate despite declining profits.
Net earnings fell 17% to $892 million from $1.08 billion a year earlier, while adjusted revenue of $4.81 billion missed expectations.
Purchase volume rose 8% to $49.7 billion, while loan receivables increased 3% to $103.3 billion and net charge-offs declined to 4.79%.
Meanwhile, Synchrony maintained its approximately $9.50 full-year EPS outlook, supported by expected loan growth and credit performance.
Higher credit-loss provisions and operating expenses weighed on earnings, while the company returned approximately $1.2 billion to shareholders through repurchases and dividends.
Synchrony provides consumer financing through credit cards, retail partnerships and healthcare payment products, serving approximately 68.3 million average active accounts during the quarter.
