Synchrony Financial Q2 net earnings rise 13% to $643 million, or $1.55 per diluted share
Synchrony Financial reported second quarter 2024 net earnings of $643 million, or $1.55 per diluted share, up from $569 million, or $1.32 per diluted share, a year earlier. Loan receivables grew 8% to $102.3 billion, but higher credit losses and provisions were a drag, and the company returned $400 million to shareholders in the quarter.
Key points
- Net earnings of $643 million compared with $569 million in the second quarter of 2023, an increase of 13%.
- Net revenue rose $418 million, or 12.7%, to $3.7 billion, while the provision for credit losses rose $308 million to $1.7 billion.
- Net charge-offs were 6.42% of average loan receivables, compared with 4.75% a year earlier.
- The company returned $400 million to shareholders, including $300 million of share repurchases, and had a remaining $1 billion repurchase authorization as of June 30, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.