Core Insights - Synchrony Financial plans to reverse recent credit tightening as delinquencies and charge-offs decline, indicating strong consumer credit health despite economic concerns [1][8] Financial Performance - Synchrony reported a revenue of $3.82 billion, slightly above analysts' expectations of $3.8 billion, and net income of $1.1 billion, or $2.86 per diluted share, reflecting a 39.9% increase year-over-year [6] - Net interest income rose by 2.4% to $4.7 billion, with net interest margin increasing by 58 basis points to 15.6% [7] - Provisions for credit losses decreased by 39% year-over-year to $1.1 billion, while purchase volume increased by 2% to $46 billion [4] Credit Quality - Net charge-offs fell by 90 basis points to 5.16%, 30-day delinquencies dropped by 37 basis points to 4.39%, and 90-day delinquencies declined by 21 basis points to 2.12% [2][5] - The company plans to unwind about 30% of previous credit tightening actions, focusing on existing customers with credit line increases and upgrades [3] Strategic Actions - Synchrony is taking incremental actions to widen the credit aperture in the fourth quarter, having already loosened credit in its health and wellness business [3] - The board approved an increase in the share repurchase program from $1.1 billion to $2.1 billion through June 30, 2026 [7]