Synchrony Financial (NYSE:SYF) Q1 2024 Earnings Conference Call April 24, 2024 8:00 AM ET Company Participants Kathryn Miller - SVP of IR Brian Doubles - President & CEO Brian Wenzel - EVP & CFO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Terry Ma - Barclays John Hecht - Jefferies Jeffrey Adelson - Morgan Stanley Saul Martinez - HSBC Donald Fandetti - Wells Fargo Rick Shane - JPMorgan Brian Foran - Autonomous Research John Pancari - Evercore Mihir Bhatia - Bank of America Op ...

Synchrony (SYF) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.87%. A quarter ago, it was expected that this consumer credit company would post earnings of $0.96 per share when it actually produced earnings of $1.03, delivering a surprise of 7.29%.Over the last four quarters, the ...

STAMFORD, Conn., April 24, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its first quarter 2024 results for the period ending March 31, 2024. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/financial-results. Today at 8:00 AM ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Office ...

Exhibit 99.2 SYNCHRONY FINANCIAL FINANCIAL SUMMARY (unaudited, in millions, except per share statistics) Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, 2024 2023 2023 2023 2023 1Q'24 vs. 1Q'23 EARNINGS Net interest income $ 4,405 $ 4,466 $ 4,362 $ 4,120 $ 4,051 $ 354 8.7 % Retailer share arrangements (764) (878) (979) (887) (917) 153 (16.7)% Other income 1,157 71 92 61 65 1,092 NM Net revenue 4,798 3,659 3,475 3,294 3,199 1,599 50.0 % Provision for credit losses 1,884 1,804 1,488 1,383 1,290 594 46.0 ...

Synchrony Financial (SYF) is set to report its first-quarter 2024 results on Apr 24, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share of $1.45 suggests a 7.4% increase from the prior-year figure of $1.35. The consensus mark declined by a penny over the past week. The consensus estimate for first-quarter revenues of $4.4 billion indicates a 9.7% increase from the year-ago reported figure.Synchrony beat the consensus estimate for earnings in t ...

Partnership Extends CareCredit Access to Dental Practices Nationwide and Includes Integration with "Adit Pay" for Patients;Partnership Enables Streamlined Payment Options to Adit UsersSTAMFORD, Conn., April 18, 2024 /PRNewswire/ -- Today, Synchrony (NYSE: SYF), a consumer financial services company, announced a new partnership with Adit, an industry leading dental practice management software provider. Increasingly, dentists are looking for external support to deliver patient financing while ensuring patien ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Synchrony (SYF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 24. On the ...

Synchrony Financial (SYF) has partnered with BRP, bringing a wave of fresh opportunities for U.S. dealers and enabling them to provide customers with secured installment loan products. This initiative introduces convenient financing solutions, including online and in-dealership application processes, along with flexible terms extending up to 84 months.By leveraging Synchrony's expertise, BRP dealers can now cater to a broader consumer base, enhancing accessibility to coveted powersports products.Enhancing C ...

Synchrony to Offer Consumers Flexible Financing on Powersports ProductsSTAMFORD, Conn., April 8, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced a new partnership with BRP US Inc., a global leader in powersports and marine products. Synchrony will now provide BRP's U.S. dealers with installment financing options on its line of powersports products. Synchrony will now provide BRP’s U.S. dealers with installment financing options on its line of pow ...

Work-Life Flexibility Propels Synchrony to be Named Top 5 Best Company to Work For in the U.S.94% of U.S. Employees Say Synchrony is a Great Place to WorkSTAMFORD, Conn., April 4, 2024 /PRNewswire/ -- For the seventh straight year, Synchrony (NYSE: SYF) is proud to be named among the top Best Companies to Work For® list in the U.S. by Fortune magazine and Great Place to Work®. The 2024 rankings, which saw Synchrony move up 15 positions to number 5, reflects the company's unwavering commitment to putting peo ...