Synchrony Q2 2024 Earnings Report
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%.
Synchrony
Synchrony
Forward Guidance
Synchrony did not provide specific forward guidance in the provided text. The report highlights continued focus on strategic growth and resilience.