Form 10-Q · Quarterly report
Synchrony Financial 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0001601712
- Accession no.
- 0001601712-26-000043
Summary
Synchrony Financial reported third-quarter 2026 net earnings of $892 million, down from $1.077 billion a year earlier, and nine-month net earnings of $2.582 billion, down from $2.801 billion, as higher other expense, retailer share arrangements, and provision for credit losses offset higher net interest income. Loan receivables rose 3.2% to $103.3 billion, while over-30-day delinquencies and the net charge-off rate declined.
Key points
- Net earnings fell to $892 million for the three months ended September 30, 2026, from $1.077 billion a year earlier, and to $2.582 billion for the nine months from $2.801 billion.
- Loan receivables increased 3.2% to $103.3 billion at September 30, 2026; over-30-day delinquencies decreased to 4.34% and the net charge-off rate decreased to 4.79% for the third quarter.
- In April 2026, Synchrony completed the acquisition of $0.7 billion of loan receivables associated with the Lowe's commercial co-branded credit card portfolio.
- Synchrony established a partnership with OpenAI for agentic commerce and joined the Personal Agent Protocol initiative led by Sierra and Meta as a design partner.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations ____________________________________________________________________________________________ Summary Highlights for the Three and Nine Months Ended September 30, 2026 Earnings Three months ended September 30, Nine months ended September 30, ($ in millions) 2026 2025 2026 2025 Interest income $ 5,788 $ 5,731 $ 16,974 $ 16,867 Interest expense 979 1,011 2,922 3,162 Net interest income 4,809 4,720 14,052 13,705 Retailer share arrangements (1,096) (1,024) (3,193) (2,911) Provision for credit losses 1,266 1,146 3,802 3,783 Net interest income, after retailer share arrangements and provision for credit losses 2,447 2,550 7,057 7,011 Other…
An excerpt of the text as filed with the SEC, cut for length.
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