Apr. 21 at 11:10 AM
$SYF
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Synchrony Financial reported first quarter 2026 earnings that exceeded analyst expectations, with adjusted earnings per share of
$2.27 compared to the consensus estimate of
$2.20.
Revenue reached
$4.77 billion, surpassing the analyst estimate of
$3.78 billion.
The company’s stock edged up 0.53% in pre-market trading following the results.
Net earnings rose 6% YoY to
$805 million from
$757 million in the first quarter of 2025.
The company’s strong performance was driven by record first quarter purchase volume, which increased 6% YoY to
$43.0 billion.
Net interest income grew 4% to
$4.6 billion, reflecting higher loan receivables yield and lower interest-bearing liabilities costs. However, loan receivables remained flat at
$100.1 billion compared to the prior year.
"Synchrony’s year is off to a strong start with record first quarter purchase volume," said Brian Doubles, President and Chief Executive Officer.
