Synchrony(US:SYF)2025-07-22 12:00Financial Performance - Net earnings available to common stockholders increased by 52% to $946 million compared to $624 million in the second quarter of 2024[13] - Diluted earnings per share increased by 61% to $2.50 compared to $1.55 in the second quarter of 2024[13] - Net revenue decreased by 2%, or $65 million, to $3647 million[15, 19] - Provision for credit losses decreased 32%, or $545 million, due to a reserve release and lower net charge-offs[26] Key Metrics - Loan receivables decreased by 2% to $99.8 billion from $102.3 billion in the second quarter of 2024[11] - Purchase volume decreased by 2% to $46.1 billion from $46.8 billion in the second quarter of 2024[11] - Net interest margin increased by 32 bps to 14.78%[15, 17] - Net charge-offs decreased to 5.70% from 6.42% in the second quarter of 2024[11] Capital and Funding - Common Equity Tier 1 (CET1) capital ratio increased to 13.6% from 12.6% in the second quarter of 2024[11, 35] - Capital returned to shareholders increased to $614 million from $400 million in the second quarter of 2024[11] - Total funding decreased slightly to $98.3 billion from $98.7 billion in the second quarter of 2024[35] Outlook Revision - The company revised its full-year 2025 net revenue outlook to $150 billion - $153 billion, down from the previous outlook of $152 billion - $157 billion[37] - The company revised its full-year 2025 net charge-offs outlook to 5.6% - 5.8%, improved from the previous outlook of 5.8% - 6.0%[37]