Synchrony(US:SYF)2026-01-27 13:00Financial Performance - Net earnings available to common stockholders decreased by 3% to $730 million in 4Q'25 compared to $753 million in 4Q'24[15] - Diluted earnings per share increased by 7% to $2.04 in 4Q'25 from $1.91 in 4Q'24, which includes ~$0.14 restructuring charge[13, 15] - Net revenue remained flat year-over-year at $3.793 billion in 4Q'25[15, 16] - Net interest margin increased by 82 bps to 15.83% in 4Q'25 compared to 15.01% in 4Q'24[13, 16] Portfolio and Credit Trends - Loan receivables decreased by 1% year-over-year[13] - Purchase volume increased by 3% year-over-year[13] - Net charge-offs decreased to 5.37% in 4Q'25 from 6.45% in 4Q'24[13] Expenses - Other expense increased by 10% to $1.399 billion in 4Q'25 from $1.267 billion in 4Q'24, driven by employee costs and technology investments[15, 21] - Efficiency ratio increased to 36.9% in 4Q'25 from 33.3% in 4Q'24, including an approximate 180bps impact related to restructuring costs[13, 21] Capital and Funding - Common Equity Tier 1 (CET1) capital ratio was 12.6% in 4Q'25[13, 27] - Liquid assets totaled $16.6 billion, representing 13.9% of total assets[26] 2026 Outlook - The company projects mid-single digit ending loan receivables growth[29] - The company anticipates a net charge-off rate of approximately 5.5% to 6.0%[29] - The company forecasts earnings per diluted share to be in the range of $9.10 to $9.50[29]