Synchrony Financial (SYF) Tops Q4 EPS by 3c

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Go back to Synchrony Financial (SYF) Tops Q4 EPS by 3c

Synchrony Financial Reports Fourth Quarter Net Earnings of $576 Million or $0.70 Per Diluted Share

January 20, 2017 6:30 AM EST

STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced fourth quarter 2016 net earnings of $576 million, or $0.70 per diluted share.

Net interest income increased 13% from the fourth quarter of 2015 to $3.6 billion Loan receivables grew $8 billion, or 12%, from the fourth quarter of 2015 to $76 billion Purchase volume increased 9% from the fourth quarter of 2015 Strong deposit growth continued, up $9 billion, or 20%, over the fourth quarter of 2015 Launched Fareportal program Announced a new multi-year agreement with Henry... More