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
October 20, 2026 THIRD QUARTER 2026 FINANCIAL RESULTS Exhibit 99.3
Slide 2: Disclaimers: Cautionary Statement Regarding Forward-Looking Statements
2 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 exh
Slide 3: Delivering consistent execution through environments
3 (1) See Venmo Credit Card Rewards Program Terms. Use of cash back is subject to the terms of the Venmo User Agreement. Split transaction must be completed within 30 days of the purchase. (2) Customer engagement metrics at or for the quarter ended September 30, 2026. (3) Unless otherwise indicated,
Slide 4: Third quarter in review
4 Net interest margin 15.50% PY: 15.62% Net charge-offs 4.79% PY: 5.16% Efficiency ratio 35.9% PY: 32.6% Diluted earnings per share $2.68 PY: $2.86 Return on assets 2.9% PY: 3.6% Third quarter in review Growth (1) Represents in-and out-of-partner activity for co-branded cards which includes consumer
Slide 5: Financial results
5 (1) Percentages calculated from amounts presented in millions in the financial supplement. Financial results Results ($mm, except per share statistics) By Platform ($bn) 3Q'26 3Q'25 B / (W) Interest income $5,788 $5,731 1% Interest expense 979 1,011 3% Net interest income 4,809 4,720 2% Retailer s
Slide 6: Key financial trends
6 3Q'25 3Q'26 B / (W) Net int. income $4,720 $4,809 2% Key financial trends Net interest income ($mm) Highlights (11)% +1% +3% 3Q'25 Net interest margin 15.62% Interest-bearing liabilities cost +0.19% Loan receivables yield (0.16)% Liquidity portfolio yield (0.10)% Mix of Interest-earning assets (0.
Slide 7: Other expense
7 (1) Other expense divided by sum of Net interest income, plus Other income, less Retailer share arrangements. 3Q'25 3Q'26 B / (W) Other expense $1,248 $1,371 (10)% Other expense Marketing and business dev Professional fees Results ($mm) Highlights Employee costs +3% (14)% (1)% (15)% Other Efficien
Slide 8: Credit trends
8 • 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 $62 million (1) Unless otherwise indicated, references to Loan receivables do not include L
Slide 9: Funding, capital and liquidity
9 3Q'25 CET1% 14.3% Net earnings +3.3% Share repurchases (3.8)% Common and preferred dividends (0.5)% Risk-weighted asset changes (0.4)% Other activity, net 0.0% 3Q'26 CET1% 12.9% Funding, capital and liquidity Funding and liquidity ($bn) Common Equity Tier 1 (CET1) ratio2 (1) Amounts at September 3
Slide 10: Updated Full Year 2026 Outlook
10 Updated Full Year 2026 Outlook (comments and trends in comparison to 2025, except where noted) Full Year Commentary Baseline assumptions (excluding impacts of qualitative overlays) • No additional broad-based credit refinements • No regulatory or legislative changes • Stable macroeconomic environ
Slide 11: |’ synchrony
|’ synchrony
Slide 12: Transaction related activity and other notable items - 3Q
12 The following table sets forth transaction related activity and other notable items incurred during 3Q'26 and 3Q'25. Transaction related activity and other notable items - 3Q $ in millions Quarter Ended September 30 2026 2025 Transaction related activity Provision for credit losses: Loan portfoli
Slide 13: Non-GAAP reconciliation
13 The following table sets forth a reconciliation between GAAP results and non-GAAP adjusted results. Non-GAAP reconciliation1 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 (1,716) (1,716) (1,222) (1,222) (1,222
Slide 14: Non-GAAP reconciliation (continued)
14 $ in millions Non-GAAP reconciliation (continued)1 At September 30 2026 2025 Tier 1 Capital $15,300 $15,934 Add: Allowance for credit losses 10,341 10,373 Tier 1 capital plus Reserves for credit losses $25,641 $26,307 Risk-weighted assets $105,704 $102,630 The following table sets forth the compo