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Mar 31, 2021
Synchrony Q1 2021 Earnings Report
Reported first quarter net earnings of $1.0 billion, driven by strong credit quality and decreased provision for credit losses.
Key Takeaways
Synchrony Financial reported first quarter 2021 net earnings of $1.0 billion, or $1.73 per diluted share. The results were impacted by the pandemic with slower loan growth and lower net interest income, but credit quality remained strong.
Loan receivables decreased 7% to $76.9 billion.
Purchase volume increased 8% to $34.7 billion.
Provision for credit losses decreased 80% to $334 million.
Net earnings increased $739 million to $1.0 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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