Synchrony Financial Q3 net earnings fall 17% to $892 million
Bitget2026/10/20 10:06- Synchrony Financial’s third-quarter 2026 net earnings fell 17% to $892 million.
- Net interest income rose 2% to $4.8 billion, driven by higher loan interest and fees and lower interest expense.
- Provision for credit losses increased 10% to $1.3 billion, primarily reflecting a reserve build versus a year-earlier release.
- Purchase volume grew 8% to $49.7 billion, with growth across all five sales platforms.
- The net charge-off rate declined to 4.79% from 5.16% a year earlier.
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