Synchrony Financial · NYSE:SYF
Synchrony Financial — Q3 2025 Earnings Presentation
14 slides from Synchrony Financial's earnings presentation, Oct 15, 2025
Slide 1: Third Quarter 2025 Financial Results
THIRD QUARTER 2025 FINANCIAL RESULTS October 15, 2025
Slide 2: Disclaimers
Disclaimers Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting quarterly financial results and should be read in conjunction with the earnings release and financial supplement included as exhib
Slide 3: Delivering consistent execution through environments
Delivering consistent execution through environments Business highlights Acquisition of a leading multi-source Board approved incremental share financing platform that connects a full repurchases of $1.0 billion. Total credit spectrum of consumers across the remaining repurchase authorization furnit
Slide 4: Third quarter in review
Third quarter in review Growth Results Capital & Shareholder Value Common Equity Tier 1 (CET1) capital ratio4 Purchase volume +2% Dual Card / Co-Brand1: $21.1bn, +8% Net interest margin 15.62% PY: 15.04% Net charge-offs 5.16% Capital returned PY: 6.06% Loan receivables2 (2)% Dual Card / Co-Brand1: $
Slide 5: Financial results
Financial results Results ($mm, except per share statistics) By Platform ($bn) 3Q'25 3Q'24 B / (W) 3Q'25 3Q'24 B / (W)1 Interest income $5,731 $5,785 (1)% Home & Auto2 Loan receivables $30.3 $32.3 (6)% Interest expense 1,011 1,176 14% Purchase volume $11.1 $11.2 (1)% Net interest income 4,720 4,609
Slide 6: Net revenue
Net revenue Results ($mm) Highlights 3Q'24 3Q'25 B / (W) • Net revenue flat to prior year Net revenue $3,184 $3,823 —% – Net interest income increased 2%, or $111 million ▪ Loan receivables yield of 21.89%, up 35 bps primarily driven by the impact of our PPPCs1, partially offset by lower benchmark O
Slide 7: Other expense
Other expense Results ($mm) Highlights 3Q'24 3Q'25 B / (W) • Other expense increased 5%, or $59 million Other expense $1,189 $1,248 (5)% – Increase primarily driven by Employee costs and Information processing costs, partially offset by preparatory expenses related to the proposed Late Fee rule chan
Slide 8: Credit
Credit Highlights • Provision for credit losses decreased 28%, or $451 million, driven by lower Net charge-offs of $255 million and a reserve release of $152 million versus a $44 million reserve build in the prior year. Current year reserve release included a $45 million reserve build for a pending
Slide 9: Funding, capital and liquidity
Funding, capital and liquidity Funding and liquidity ($bn) Capital ratios1 3Q'24 3Q'25 % total CET1 capital ratio Tier 1 capital ratio Total funding $97.9 $94.3 100% Unsecured 7% Secured 8% Tier 1 capital + credit loss Total capital ratio reserve ratio2 Deposits 85% Common Equity Tier 1 (CET1) ratio
Slide 10: Baseline outlook
Baseline outlook Baseline economic assumptions: • No deterioration in macroeconomic environment, • Includes minor modifications • Walmart/OnePay launched during September 2025 and no changes to consumer behavior from tariffs to PPPCs • Versatile Credit acquisition impacts Key drivers FY 2025 FY 2025
Slide 11: Synchrony
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Slide 12: Transaction related activity and other notable items
Transaction related activity and other notable items The following table sets forth transaction related activity and other notable items incurred during the periods indicated below. $ in millions Quarter Ended September 30 2025 2024 Transaction related activity Provision for credit losses - transact
Slide 13: Non-GAAP reconciliation
Non-GAAP reconciliation The following table sets forth a reconciliation between GAAP results and non-GAAP adjusted results. $ in millions, except per share data 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 Tangible common equity: GAAP Total equity $17,065 $16,952 $16,581 $16,580 $15,980 Less: Preferred stock (1,22
Slide 14: Non-GAAP reconciliation (continued)
Non-GAAP reconciliation (continued) The following table sets forth the components of our Tier 1 Capital + Reserves ratio for the periods indicated below. $ in millions At September 30 1 2025 2024 Tier 1 Capital $15,132 $14,723 Less: CECL transition adjustment — (573) Tier 1 capital (CECL fully phase