Synchrony Financial (SYF) Tops Q3 EPS by 4c

Synchrony Financial (NYSE: SYF) reported Q3 EPS of $0.73, $0.04 better than the analyst estimate of $0.69.

Q3 Highlights:

• Net interest income increased 12% from the third quarter of 2015 to $3.5 billion
• Loan receivables grew $7 billion, or 11%, from the third quarter of 2015 to $71 billion
• Purchase volume increased 8% from the third quarter of 2015
• Strong deposit growth continued, up $9 billion, or 23%, over the third quarter of 2015
• Renewed key relationships – TJX Companies, hhgregg, Nationwide Marketing Group and American Dental Association
• Signed new partnerships with Nissan and At Home
• Launched The Container Store and Google Store programs
• Commenced quarterly common stock dividend payment of $0.13 per share and repurchased $238 million of Synchrony Financial common stock

For earnings history and earnings-related data on Synchrony Financial (SYF) click here.

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