Synchrony Financial (SYF) Tops Q1 EPS by 1c

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Go back to Synchrony Financial (SYF) Tops Q1 EPS by 1c

Synchrony Financial Reports First Quarter Net Earnings of $582 Million or $0.70 Per Diluted Share

April 22, 2016 6:30 AM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced first quarter 2016 net earnings of $582 million, or $0.70 per diluted share. Highlights for the quarter included:

Total platform revenue increased 13% from the first quarter of 2015 to $2.9 billion Loan receivables grew $8 billion, or 13%, from the first quarter of 2015 to $66 billion Purchase volume increased 17% from the first quarter of 2015 Strong deposit growth continued, up $10 billion, or 29%, over the first quarter of 2015 Renewed key programs Stein Mart and La-Z-Boy... More