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Jun 30, 2024
Synchrony Q2 2024 Earnings Report
Synchrony's Q2 2024 results demonstrated resilience with strong earnings and strategic positioning for future growth.
Key Takeaways
Synchrony Financial reported net earnings of $643 million, or $1.55 per diluted share, for Q2 2024, compared to $569 million, or $1.32 per diluted share in Q2 2023. The company saw an increase in loan receivables and average active accounts, while purchase volume and new accounts decreased. Synchrony returned $400 million of capital to shareholders.
Net earnings reached $643 million, or $1.55 per diluted share.
Loan receivables increased by 8% to $102.3 billion.
Capital returned to shareholders totaled $400 million, including $300 million in share repurchases.
Net interest margin decreased to 14.46%.
Forward Guidance
Synchrony did not provide specific forward guidance in the provided text. The report highlights continued focus on strategic growth and resilience.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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