Core Viewpoint - Synchrony Financial is significantly enhancing its partnerships and expanding its Buy Now, Pay Later (BNPL) offerings, which is expected to drive revenue and attract new customers [1][3][4] Group 1: Partnerships and Product Offerings - Synchrony has renewed its partnership with Walmart, launching a new credit card program through collaboration with FinTech OnePay, which includes both general-purpose and private-label cards [3][4] - The company has introduced "Synchrony Pay Later" at Amazon, allowing customers to split purchases of $50 or more into installment payments, further extending its relationship with Amazon [4] - Synchrony’s alliance with PayPal now includes a physical PayPal Credit card, enabling BNPL options for everyday purchases and promotional financing [4][11] Group 2: Consumer Behavior and Market Insights - Synchrony’s CFO noted that consumers are becoming more discerning rather than pulling back on spending, particularly in big-ticket discretionary purchases [3][10] - The company tracks discretionary spending in real-time across 62 million active accounts, observing a positive trend in ticket sizes for clothing, cosmetics, and dining after three negative quarters [10] - There is a focus on attracting higher-income households, with Walmart targeting those earning $100,000 or more, which aligns with Synchrony’s new card offerings [8] Group 3: In-Store BNPL Adoption Challenges - Despite the growth in BNPL, in-store adoption remains a challenge, with BNPL purchases accounting for only 7.4% of in-store transactions during Black Friday [7] - Synchrony is confident that its retail expertise will enhance in-store adoption of BNPL options, especially with senior executives at Walmart and OnePay focused on this area [7] Group 4: CareCredit and Growth Segments - Synchrony’s CareCredit business is its fastest-growing vertical, providing promotional financing at 266,000 medical, dental, and veterinary locations, capitalizing on the emotional bond with consumers [12] - The company is expanding CareCredit into high-cost specialties, such as fertility and behavioral health, where traditional credit cards may be maxed out [12] Group 5: Investor Sentiment and Future Outlook - Investors are focused on themes related to consumer credit, growth recovery, and the significance of Synchrony’s partnerships with Amazon, Walmart, and PayPal [13] - The company aims to demonstrate that disciplined underwriting and deep merchant integrations can coexist, indicating a robust market for private-label and cobranded cards [13]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36560 (Commission File Number) SYNCHRONY FINANCIAL (Exact name of registrant as specified in its charter) Delaware 51-0483352 (State or other jurisdiction of incor ...

With over 40 partnerships with healthcare software solutions, Synchrony has made it even easier to have financing conversations and streamline practice operations through innovative technology. Synchrony has been a leader in consumer lending for nearly 100 years and has been at the forefront of dental financing with its CareCredit credit card for more than 35 years. Today, CareCredit is accepted by over 285,000 providers, including 80% of dental practices in the U.S. For more information, please visit www.C ...

Core Viewpoint - Synchrony Financial (NYSE: SYF) has shown significant stock performance, returning over 38% since the last quarter, outperforming the S&P 500 which returned around 17% [1] Company Performance - The stock of Synchrony Financial has appreciated significantly, indicating strong market confidence and performance [1] Investment Strategy - The investment approach focuses on long-term holdings, seeking opportunities regardless of asset class, market cap, sector, or yield, with an emphasis on maximizing total return by purchasing when prices are low relative to intrinsic value [1]

Core Insights - Synchrony Financial (SYF) reported strong second-quarter 2025 results with adjusted earnings per share (EPS) of $2.50, exceeding the Zacks Consensus Estimate by 45.4% and reflecting a year-over-year increase of 61.3% [1][9] - The company's net interest income reached $4.5 billion, a 2.6% year-over-year growth, surpassing the consensus estimate by 0.5% [1][2] Financial Performance - Improved net interest margin and increased interest and fees on loans contributed to the strong quarterly results, alongside a reduced provision for credit losses [2][9] - Total loan receivables decreased by 2.5% year over year to $99.8 billion, missing the Zacks Consensus Estimate of $100.9 billion [3][4] - Total deposits fell by 1% year over year to $82.3 billion, also below the estimate of $83.9 billion [4] - Provision for credit losses was $1.1 billion, down 32.2% year over year, which was lower than the estimate of $1.7 billion [4][9] Segment Performance - Retailer share arrangements increased by 22% year over year to $992 million [3] - Home & Auto loan receivables decreased by 6.9% year over year, while Digital loan receivables inched up by 0.3% [7][10] - Health & Wellness loan receivables saw a slight increase of 0.2% year over year, but purchase volume fell by 2% [10] Financial Position - As of June 30, 2025, Synchrony had cash and equivalents of $19.5 billion, up from $14.7 billion at the end of 2024 [11] - Total assets increased to $120.1 billion from $119.5 billion at the end of 2024, with total equity rising to $17 billion [11][12] - The efficiency ratio improved to 34.1%, better than the consensus mark of 32.5% [6] Capital Deployment - Synchrony returned $500 million through share buybacks and paid $114 million in common stock dividends during the second quarter [13] - The company had approximately $2 billion remaining under its share buyback authorization as of June 30, 2025 [13] Guidance - For 2025, Synchrony anticipates flat loan receivables and slower purchase volume growth due to credit actions and consumer spending behavior [14] - Net revenues are projected to be between $15 billion and $15.3 billion, lower than the previous estimate of $15.2-$15.7 billion [14] - Management expects net charge-offs to be between 5.6% and 5.8%, with an efficiency ratio forecasted to remain between 32% and 33% [15]

Shares of Synchrony Financial (NYSE: SYF ) have been a strong performer over the past year, gaining 37% as fears of a worsening consumer credit environment have not really materialized. On Tuesday, the company reported extremely strongOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!An ...

Synchrony Financial (SYF) Q2 2025 Earnings Call July 22, 2025 08:00 AM ET Company ParticipantsKathryn Miller - SVP & Director - IRBrian Doubles - President, CEO & DirectorBrian Wenzel - EVP & CFORyan Nash - MD - Regional Banks & Consumer FinanceSanjay Sakhrani - Managing DirectorJohn Hecht - Managing DirectorDonald Fandetti - Managing DirectorJeffrey Adelson - Executive DirectorConference Call ParticipantsTerry Ma - Senior Equity Research AnalystMoshe Orenbuch - MD & Senior AnalystRichard Shane - AnalystEri ...

Synchrony Financial (SYF) Q2 2025 Earnings Call July 22, 2025 08:00 AM ET Speaker0Good morning and welcome to the Synchrony Financial Second Quarter twenty twenty five Earnings Conference Call. Please refer to the company's Investor Relations website for access to their earnings materials. Please be advised that today's conference call is being recorded. Currently, all callers have been placed in listen only mode. The call will be opened up for your questions following the conclusion of management's prepare ...

Synchrony (SYF) came out with quarterly earnings of $2.5 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +45.35%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.63 per share when it actually produced earnings of $1.89, delivering a surprise of +15.95%.Over the last four quarters, th ...

Disclaimers July 22, 2025 Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting quarterly financial results and should be read in conjunction with the earnings release and financial supplement included as exhibits to our Current Report on Form 8-K filed today and available on our website (www.investors.synchrony.com) and the SEC's website (www.sec.gov). All references to net earnings and net income are in ...