Synchrony Financial's first quarter earnings met expectations, with strong purchase volume growth prompting a new $6.5B buyback and 13% dividend hike.

Synchrony Financial reported first quarter 2026 results that met earnings per share estimates, supported by rising purchase volumes and improving credit metrics. Net interest income grew 4% year-over-year to $4.6 billion, while diluted EPS was $2.27.

Key Highlights

• Purchase volume increased 6% to $43.0 billion, reaching a first quarter record.
• Credit quality showed improvement as the net charge-off rate declined 96 basis points year-over-year to 5.42%.
• The company announced a new $6.5 billion share repurchase authorization and a planned 13% increase in its quarterly dividend.