Synchrony Financial · NYSE:SYF
Synchrony Financial — Q1 2026 Earnings Presentation
14 slides from Synchrony Financial's earnings presentation, Apr 21, 2026
Slide 1: First Quarter 2026 Financial Results
FIRST QUARTER 2026 FINANCIAL RESULTS April 21, 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 New & renewed partnerships Culture drives results BEST COMPANIES TO WORK FOR IN THE U.S. © 2026 Fortune Media IP Limited. All Rights Reserved. Used under license. Customer engagement1 69mm average active accounts $43bn purchase volume $100bn loan
Slide 4: First quarter in review
First quarter in review Growth Results Capital & Shareholder Value Purchase volume +6% Co-Branded Cards1: $22.0bn, +20% Net interest margin 15.50% Common Equity Tier 1 (CET1) capital ratio4 13.2% 12.7% PY: 14.74% $40.7bn $43.0bn 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 Net charge-offs 5.42% Capital returned 1Q
Slide 5: Financial results
Financial results Results ($mm, except per share statistics) By Platform ($bn) 1Q'26 1Q'25 B / (W) 1Q'26 1Q'25 B / (W)1 Home & Auto2 Interest income $5,603 $5,550 1% Loan receivables $29.1 $30.3 (4)% Purchase volume $9.4 $9.4 —% Interest expense 968 1,086 11% Interest and fees on loans $1.4 $1.4 (2)
Slide 6: Key financial trends
Key financial trends Net interest income ($mm) Highlights 1Q'25 1Q'26 B / (W) • Net interest income increased 4%, or $171 million Net int. income $4,464 $4,635 4% • Interest and fees increased 2%, or $101 million primarily driven by the impact of our PPPCs1, partially offset by lower benchmark rates
Slide 7: Other expense
Other expense Results ($mm) Highlights 1Q'25 1Q'26 B / (W) • Other expense increased 6%, or $73 million Other expense $1,243 $1,316 (6)% – Increase primarily driven by technology investments and higher operational losses • Information processing increase driven by costs related to $216 (17)% technol
Slide 8: Credit
Credit Highlights • Provision for credit losses decreased 10%, or $156 million, primarily driven by lower Net charge-offs of $242 million, partially offset by a $97 million reserve release in the prior year Credit trends1 30+ days past due Net charge-offs $mm, % of period-end loan receivables $mm, a
Slide 9: Funding, capital and liquidity
Funding, capital and liquidity Funding and liquidity ($bn) Capital ratios1 1Q'25 1Q'26 % total CET1 capital ratio Tier 1 capital ratio Total funding $100.4 $99.3 100% 13.2% 12.7% 14.4% 13.9% Unsecured $8.4 $7.5 8% 1Q'25 1Q'26 1Q'25 1Q'26 Secured $8.6 $8.9 9% Tier 1 capital + credit loss Total capita
Slide 10: 2026 Outlook
2026 Outlook Mid-single digit <5.5% $9.10 to $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 additional broad-ba
Slide 11: synchrony
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Slide 12: Transaction related activity and other notable items - 1Q
Transaction related activity and other notable items - 1Q The following table sets forth transaction related activity and other notable items incurred during 1Q'26 and 1Q'25. $ in millions Quarter Ended March 31 2026 2025 Transaction related activity Provision for credit losses: Loan portfolio acqui
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 1Q'26 4Q'25 3Q'25 2Q'25 1Q'25 Tangible common equity: GAAP Total equity $16,477 $16,766 $17,065 $16,952 $16,581 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 March 31 2026 1 2025 Tier 1 Capital $14,207 $14,668 Add: Allowance for credit losses 10,428 10,828 Tier 1 capital plus Reserves f