Synchrony Financial (SYF)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Provision for income taxes (note 13) | 289 | 227 | 239 | 201 |
| Other (note 3) | 66 | 75 | 64 | 75 |
| Interchange revenue | 268 | 238 | 256 | 263 |
| Protection product revenue | 144 | 147 | 145 | 125 |
| Loyalty programs | 360 | 311 | 346 | 346 |
| Total other income | 118 | 149 | 119 | 117 |
| Professional fees | 236 | 217 | 231 | 236 |
| Other | 158 | 185 | 168 | 171 |
| Employee costs | 509 | 506 | 464 | 434 |
| Information processing | 215 | 219 | 203 | 207 |
| Marketing and business development | 127 | 116 | 123 | 129 |
| Total other expense | 1,245 | 1,243 | 1,189 | 1,177 |
| Provision for credit losses (note 5) | 1,146 | 1,491 | 1,597 | 1,691 |
| Interest and fees on loans (note 5) | 5,328 | 5,312 | 5,522 | 5,301 |
| Interest on cash and debt securities | 258 | 238 | 263 | 281 |
| Total interest income | 5,586 | 5,550 | 5,785 | 5,582 |
| Interest on deposits | 855 | 882 | 968 | 967 |
| Interest on borrowings of consolidated securitization entities-Variable Interest Entity Primary Beneficiary | 104 | 104 | 108 | 110 |
| Interest on senior and subordinated unsecured notes | 106 | 100 | 100 | 100 |
| Total interest expense | 1,065 | 1,086 | 1,176 | 1,177 |
| Net interest income | 4,521 | 4,464 | 4,609 | 4,405 |
| Retailer share arrangements | 992 | 895 | 914 | 810 |
| Net interest income, after retailer share arrangements and provision for credit losses | 2,383 | 2,078 | 2,098 | 1,904 |
| Earnings before provision for income taxes | 1,256 | 984 | 1,028 | 844 |
| Net earnings | 967 | 757 | 789 | 643 |
| Basic (in usd per share) | 2.51 | 1.91 | 1.96 | 1.56 |
| Diluted (in usd per share) | 2.5 | 1.89 | 1.94 | 1.55 |
| Weighted average common shares outstanding, basic (in shares) | 376,200,000 | 385,200,000 | 392,300,000 | 399,300,000 |
| Weighted average common shares outstanding, dilutive (in shares) | 379,100,000 | 389,400,000 | 396,500,000 | 402,600,000 |