Synchrony Financial reported second quarter 2026 net interest income of $4.61 billion and diluted earnings per share of $2.59. Net earnings declined 8% year-over-year to $885 million, as a smaller reserve release was partially offset by lower net charge-offs.
Key Highlights
- Purchase volume grew 8% year-over-year to a record $49.8 billion, driven by strength in the Diversified & Value and Digital platforms.
- The net charge-off rate as a percentage of average loan receivables improved to 5.43%, a decrease of 27 basis points from the prior year, indicating strong credit performance.
- The company returned $950 million to shareholders, consisting of $850 million in share repurchases and $100 million in common stock dividends.