Synchrony Financial (SYF) Tops Q4 EPS by 5c

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Go back to Synchrony Financial (SYF) Tops Q4 EPS by 5c

Synchrony Financial Reports Fourth Quarter Net Earnings of $385 Million or $0.49 Per Diluted Share Including Impact from Tax Cuts and Jobs Act; $545 Million or $0.70 Excluding Impact

January 19, 2018 6:30 AM EST

STAMFORD, Conn.--(BUSINESS WIRE)-- Synchrony Financial (NYSE: SYF) today announced fourth quarter 2017 net earnings of $385 million, or $0.49 per diluted share including the impact from the Tax Cuts and Jobs Act (Tax Act) of 2017, and $545 million, or $0.70 per diluted share excluding $160 million of additional tax expense related to the impact from the Tax Act. Highlights for the quarter included:

Net interest income increased 8% from the fourth quarter of 2016 to $3.9 billion Loan receivables grew $6 billion, or 7%, from the fourth quarter of 2016 to $82 billion Purchase volume... More