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Mar 31, 2022
Synchrony Q1 2022 Earnings Report
Synchrony's first quarter results reflected core strengths and strategic execution.
Key Takeaways
Synchrony Financial reported a decrease in net earnings to $932 million, or $1.77 per diluted share, for the first quarter of 2022. Purchase volume increased by 17%, and loans increased by 8%. The company's board approved a $2.8 billion share repurchase authorization and a planned 5% increase in the regular common dividend.
Purchase volume increased 17% to $40.5 billion.
Loans increased 8% to $83.0 billion.
Average active accounts increased 6% to 70.1 million.
Net interest margin increased 182 basis points to 15.80%.
Forward Guidance
Synchrony did not provide forward guidance in the Q1 2022 Earning Report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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