Synchrony Financial · NYSE:SYF
Synchrony Financial — Q3 2026 Earnings Presentation
14 slides from Synchrony Financial's earnings presentation, Oct 20, 2026
Slide 1: Third Quarter 2026 Financial Results
THIRD QUARTER 2026 FINANCIAL RESULTS October 20, 2026
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 Refreshed the Venmo Credit Card value proposition, with an industry first rewards proposition that offers Introduced CareCredit Pay Later, expanding consumer increased cash back1 on social payment choice through simplified offe
Slide 4: Third quarter in review
Third quarter in review Growth Results Capital & Shareholder Value Common Equity Tier 1 (CET1) capital ratio4,5 Purchase volume +8% Co-Branded cards1: $26.4bn, +23% Net interest margin 15.50% PY: 15.62% Net charge-offs 4.79% Capital returned PY: 5.16% Loan receivables2 +3% Co-Branded cards1: $37.5bn
Slide 5: Financial results
Financial results Results ($mm, except per share statistics) By Platform ($bn) 3Q'26 3Q'25 B / (W) 3Q'26 3Q'25 B / (W)1 Home & Auto Interest income $5,788 $5,731 1% Loan receivables $30.9 $30.3 2% Purchase volume $12.1 $11.1 9% Interest expense 979 1,011 3% Interest and fees on loans $1.5 $1.4 1% Ne
Slide 6: Key financial trends
Key financial trends Net interest income ($mm) Highlights 3Q'25 3Q'26 B / (W) • Net interest income increased 2%, or $89 million Net int. income $4,720 $4,809 2% • Interest and fees increased 1%, or $81 million primarily driven by growth in average loan receivables Investment (11)% • Lower benchmark
Slide 7: Other expense
Other expense Results ($mm) Highlights 3Q'25 3Q'26 B / (W) • Other expense increased 10%, or $123 million Other expense $1,248 $1,371 (10)% – Increase primarily driven by higher operational losses, technology investments and marketing expenses • Other increase primarily attributable to higher operat
Slide 8: Credit
Credit Highlights • Provision for credit losses increased 10%, or $120 million, primarily driven by a reserve build of $30 million versus a $152 million release in the prior year, partially offset by lower Net charge-offs of $62 million Credit trends1 30+ days past due Net charge-offs $mm, % of peri
Slide 9: Funding, capital and liquidity
Funding, capital and liquidity Funding and liquidity ($bn) Capital ratios1,2 3Q'25 3Q'26 % total CET1 capital ratio Tier 1 capital ratio Total funding $94.3 $100.0 100% 8% Unsecured 9% Secured Tier 1 capital + credit loss Total capital ratio reserve ratio3 Deposits 83% Common Equity Tier 1 (CET1) ra
Slide 10: Updated Full Year 2026 Outlook
Updated Full Year 2026 Outlook Mid-single digit <5.5% ~$9.50 Ending loan receivables growth Net charge-off rate Earnings per diluted share Baseline assumptions (excluding impacts of qualitative overlays) • No regulatory or legislative changes • No significant change in inflation rates • No additiona
Slide 11: Synchrony
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Slide 12: Transaction related activity and other notable items - 3Q
Transaction related activity and other notable items - 3Q The following table sets forth transaction related activity and other notable items incurred during 3Q'26 and 3Q'25. $ in millions Quarter Ended September 30 2026 2025 Transaction related activity Provision for credit losses: Loan portfolio a
Slide 13: Non-GAAP reconciliation
Non-GAAP reconciliation1 The following table sets forth a reconciliation between GAAP results and non-GAAP adjusted results. $ in millions, except per share data 3Q'26 2Q'26 1Q'26 4Q'25 3Q'25 Tangible common equity: GAAP Total equity $16,550 $16,897 $16,477 $16,766 $17,065 Less: Preferred stock (1,7
Slide 14: Non-GAAP reconciliation (continued)
Non-GAAP reconciliation (continued)1 The following table sets forth the components of our Tier 1 Capital + Reserves ratio for the periods indicated below. $ in millions At September 30 2 2026 2025 Tier 1 Capital $15,300 $15,934 Add: Allowance for credit losses 10,341 10,373 Tier 1 capital plus Reser