Synchrony Q4 2023 Earnings Report

Synchrony's Q4 2023 performance underscored the strength of its differentiated business model, demonstrating consumer resilience and strategic execution.

Key Takeaways

Synchrony Financial reported Q4 2023 net earnings of $440 million, or $1.03 per diluted share. The company saw growth in existing partner programs and launched new ones, expanded its products and markets, and scaled its multi-product strategy. They returned $353 million of capital to shareholders, including $250 million in share repurchases.

Purchase volume increased 3% to $49.3 billion.

Loan receivables increased 11% to $103.0 billion.

Average active accounts increased 5% to 71.5 million.

Net interest margin decreased 48 basis points to 15.10%.

Total Revenue

$4.47B

Previous year: $4.11B