Synchrony Financial (NYSE: SYF): Q3 2019 Earnings Snapshot

— Synchrony Financial (NYSE: SYF) reported Q3 2019 earnings of $1.60 per share vs. $1.13 per share expected.

— Net interest income grew 4% to $4.4 billion vs. $4.3 billion expected.

— Average active accounts grew 2% to 76.7 million.  

— Deposits grew 6% to $66 billion.

— Return on assets was 3.9% and return on equity was 28.3%.

— Net interest margin was 16.29%.

— Efficiency ratio was 30.8%.  

— Net charge-offs, as a percentage of total average loan receivables, were 5.35% compared to 4.97% last year.  

— Shares were up 0.12% in premarket hours on Friday.  

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