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Dec 31, 2021
Synchrony Q4 2021 Earnings Report
Synchrony's Q4 2021 performance reflected broad-based growth, marked by record purchase volume and net earnings.
Key Takeaways
Synchrony Financial reported Q4 2021 net earnings of $813 million, or $1.48 per diluted share, which included a $74 million post-tax benefit. Record purchase volume and broad-based loan growth across all sales platforms contributed to the strong results.
Purchase volume increased 18% to $47.1 billion.
Loans increased 4% to $85.1 billion.
Average active accounts increased 5% to 69.4 million.
Net interest margin increased 113 basis points to 15.77%.
Synchrony
Synchrony
Forward Guidance
Synchrony is confident in its ability to achieve long-term operating metrics and drive considerable value for all stakeholders.