•
Dec 31, 2022
Synchrony Q4 2022 Earnings Report
Synchrony's Q4 performance reflected a differentiated business model, diversified portfolio, scalable technology, deep industry expertise, and digitally-powered product suite.
Key Takeaways
Synchrony Financial reported Q4 2022 net earnings of $577 million, or $1.26 per diluted share. The company achieved record purchase volume and double-digit receivables growth, while also returning $803 million of capital to shareholders.
Purchase volume increased 2% to $47.9 billion, or 11% on a Core basis.
Loan receivables were $92.5 billion and increased 15% on both a GAAP and Core basis.
Net interest margin decreased 19 basis points to 15.58%.
Returned $803 million of capital to shareholders, including $700 million of share repurchases.