Categories Analysis, Earnings, Finance

Synchrony Financial (SYF) Q2 2023 Earnings Summary

Synchrony Financial (NYSE: SYF) reported second quarter 2023 earnings results today.

Net interest income increased 8.4% year-over-year to $4.1 billion.

Net earnings available to common stockholders declined 29.5% to $559 million, while EPS fell 17.5% to $1.32 compared to last year.

Total liquidity, consisting of liquid assets and undrawn credit facilities, was $19.4 billion, or 17.9% of total assets.

The company returned $399 million in capital to shareholders, including $300 million of share repurchases and $99 million of common stock dividends.

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