Core Insights - Synchrony and Discount Tire have extended their partnership for over 25 years, ensuring customers have access to flexible financing options for tire purchases and automotive needs [1][5] - The Discount Tire card can be used at more than 1,200 retail stores across 39 states and over one million additional locations within the Synchrony Car Care network [1][2][3] Company Overview - Discount Tire is a leading independent retailer of tires, wheels, and windshield wipers, operating more than 1,200 stores in 39 states [6] - Founded in 1960, Discount Tire is known for its proprietary online tire recommendation tool, Treadwell, which uses data to suggest suitable tires for drivers [6] Financing Options - The Discount Tire credit card offers exclusive financing options, including deferred interest promotions and no annual fee, with zero-dollar liability for fraud transactions [4] - Customers can prequalify for the Discount Tire credit card online without impacting their credit score [4] Digital Solutions - Cardholders have access to innovative digital payment solutions, including the ability to add the Discount Tire credit card to Apple Wallet for seamless in-store purchases via Apple Pay [5] Industry Context - As vehicle ages increase and maintenance costs rise, financing solutions like those offered by Synchrony help drivers manage their budgets effectively [5]

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 March 31, 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 inco ...

"The availability of CareCredit across veterinary universities nationwide has had a significant impact on improving access to care and providing financial flexibility for pet parents," said Jonathan Wainberg, Senior Vice President and General Manager, Pet, Synchrony. "With Texas A&M Veterinary Medical Teaching Hospital now on board, CareCredit is available at 100% of public veterinary university hospitals nationwide. This reinforces our mission to making quality pet care accessible for pet parents and equip ...

Belle Tire Taps Synchrony to Provide Flexible Payment Options for Customers Purchasing Tires and Auto Services STAMFORD, Conn. and SOUTHFIELD, Mich., April 23, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Belle Tire, a leading tire and automotive service provider with nearly 200 locations throughout the Midwest, today announced a new multi-year partnership to create a new private label credit card for Belle Tire customers. Synchrony's collaboration with 1stM ...

Core Viewpoint - Synchrony Financial reported a decline in adjusted earnings per share (EPS) for Q1 2025, despite exceeding consensus estimates, indicating challenges in loan receivables and consumer spending [1][4]. Financial Performance - Adjusted EPS for Q1 2025 was $1.89, surpassing the Zacks Consensus Estimate by 16%, but down 39.8% year over year [1]. - Net interest income reached $4.5 billion, a slight increase of 1.3% year over year, but fell short of consensus by 1.8% [1][5]. - Total loan receivables decreased by 2% year over year to $99.6 billion, missing estimates [3][4]. - Total deposits slightly declined by 0.1% year over year to $83.4 billion, also below estimates [4]. - Provision for credit losses was $1.5 billion, down 20.9% year over year, which was lower than estimates [4]. Business Segments - Retailer share arrangements increased by 17% year over year to $895 million [3]. - Purchase volume fell by 4% year over year to $40.7 billion, attributed to selective consumer spending [4]. - Interest and fees on loans totaled $5.3 billion, remaining flat year over year but missing estimates [5]. Operational Metrics - Average active accounts decreased by 3% year over year to 69.3 million, missing consensus estimates [6]. - Total other expenses rose by 3% year over year to $1.24 billion, exceeding estimates [6]. - The efficiency ratio improved to 33.4%, up 830 basis points year over year, surpassing consensus [6]. Financial Position - As of March 31, 2025, cash and equivalents were $21.6 billion, a 47% increase from the end of 2024 [11]. - Total assets grew by 2.1% year over year to $122 billion [11]. - Total borrowings increased by 10% to $17 billion [11]. - Return on assets decreased to 2.5%, while return on equity fell to 18.4% [12]. Capital Deployment - Synchrony returned $600 million through share buybacks and paid $97 million in dividends during Q1 2025 [13]. - A new share repurchase program of $2.5 billion was approved, alongside a 20% increase in the quarterly cash dividend to $0.30 per share [13]. Guidance - The company anticipates low single-digit growth in period-end loan receivables and expects purchase volume growth to reflect credit actions and consumer behavior [14]. - Net revenues are projected between $15.2 billion and $15.7 billion, indicating a 4% decline from 2024 [14]. - Management expects net charge-offs to be between 5.8% and 6% for the year [15].

Highlights Synchrony’s results show consumer spending is moderating, with a decrease in purchase volumes, especially for larger ticket items, indicating consumers are becoming more selective in their discretionary spending. Synchrony is observing strong credit metrics, including a decrease in delinquency rates, which they attribute to effective risk management and consumer efforts to manage their debt obligations. Despite broader economic uncertainty impacting consumer confidence, current consumer be ...

While still higher than a year ago, it has been a very difficult few months for Synchrony Financial (NYSE: SYF ) investors with the stock falling over 30% from its highs. Its Q1 earnings resultsOver 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!Analyst’s Disclosure: I/we have no stock, o ...

Synchrony Financial (SYF) Q1 2025 Earnings Conference Call April 22, 2025 08:00 AM ET Company Participants Operator - Technical/Call OperatorOperator - Conference ModeratorCatherine Miller - Senior Vice President, Investor RelationsBrian Devils - President & Chief Executive Officer Conference Call Participants Ryan Nash - Analyst, Goldman SachsTerry Ma / Rick Shane - Analyst (Barclays / JP Morgan)John Pinkerry - Analyst, EvercoreMihir Bhatia - Analyst, Bank of AmericaMark DeVries / Don Vandetti - Analyst (D ...

Synchrony Financial (SYF) Q1 2025 Earnings Call April 22, 2025 08:00 AM ET Company Participants Kathryn Harmon Miller - Senior Vice President and Director of Investor RelationsBrian Doubles - President and CEOBrian Wenzel - Executive VP & CFORyan Nash - Managing Director - Regional Banks & Consumer FinanceSanjay Sakhrani - Managing DirectorMark Devries - DirectorDonald Fandetti - Managing Director Conference Call Participants Terry Ma - Senior Equity Research AnalystMoshe Orenbuch - Managing Director & Seni ...

Synchrony (SYF) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.95%. A quarter ago, it was expected that this consumer credit company would post earnings of $1.90 per share when it actually produced earnings of $1.91, delivering a surprise of 0.53%.Over the last four quarters, the ...