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Synchrony Financial delivered strong second-quarter 2026 results, with net earnings of $885 million and record purchase volume of nearly $50 billion, up 8% year over year. Management said new account growth, higher active accounts and broad-based spending across its platforms drove the performance.
Credit trends remained stable, with the net charge-off rate improving to 5.43% from 5.70% a year earlier and delinquency levels generally in line with last year. The company said its credit discipline is still intact even as elevated payment rates continue to pressure receivables growth.
Synchrony raised its full-year 2026 outlook, now expecting EPS of $9.25 to $9.50 and full-year net charge-offs below 5.5%. It also returned $950 million to shareholders in the quarter through buybacks and dividends, while keeping a strong capital position with a 13.2% CET1 ratio.
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Synchrony Financial (NYSE:SYF) reported second-quarter 2026 net earnings of $885 million, or $2.59 per diluted share, as executives pointed to record purchase volume, renewed account growth and continued credit discipline during the company's earnings call.
President and Chief Executive Officer Brian Doubles said the quarter reflected "strong momentum across our core business drivers," with new accounts continuing to grow and average active accounts returning to growth. Purchase volume rose 8% from a year earlier to nearly $50 billion, which Doubles said was an all-time high for the company.
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Chief Financial Officer Brian Wenzel said Synchrony generated a return on average assets of 2.9%, a return on tangible common equity of 25.2% and an 8% increase in tangible book value per share. Ending loan receivables grew 2% to $102 billion, supported by higher purchase volume but partially offset by elevated payment rates.
Doubles said growth was broad-based across Synchrony's five sales platforms. Diversified & Value led the increase, with purchase volume up 12% from a year earlier, helped by partner expansion and higher gas sales. Digital purchase volume grew 9%, which management attributed mainly to partners with broad offerings and highly engaged customers.
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