Synchrony Financial (SYF) 10-Year Financial Performance & Capital Metrics

SYF • • Banking & Credit

Financial ServicesCredit ServicesConsumer Lending & Credit CardsGeneral Purpose Credit Cards

AboutSynchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries; and point-of-sale consumer financing for audiology products and dental services. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, powersports, jewelry, pets, and other industries. Synchrony Financial was founded in 1932 and is headquartered in Stamford, Connecticut.Show more

Net Interest Income $18.01B +6.0%
Total Revenue $20.76B +19.7%
Net Income $3.5B +56.3%
Return on Equity 22.96% +37.3%
Net Interest Margin 15.08% +4.2%
Efficiency Ratio 23.31% -15.1%
ROA 2.95% +46.5%
Equity / Assets 13.88% +17.3%
Book Value per Share 41.39 +26.1%
Tangible BV/Share 36.08 +26.6%
Debt/Equity 0.93 -18.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.8%
✓Strong Piotroski F-Score: 8/9
✓Strong NIM of 15.1%
✓Efficient operations: 23.3% efficiency ratio
✓Well capitalized: 13.9% equity/assets
✓Share count reduced 5.4% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.42%

5Y5.88%

3Y22.75%

TTM-

Profit (Net Income) CAGR

10Y5.19%

5Y-1.36%

3Y-6.06%

TTM12.95%

EPS CAGR

10Y11.89%

5Y8.99%

3Y5.22%

TTM19.58%

ROCE

10Y Avg11.32%

5Y Avg12.19%

3Y Avg11.95%

Latest12.35%

Peer Comparison

General Purpose Credit Cards

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXPAmerican Express Company	246.61B	358.00	25.54	10.15%	13.65%	32.52%	4.92%	1.69
COFCapital One Financial Corporation	147.12B	231.41	19.97	9%	8.81%	1.24%	11.53%	0.75
BFHBread Financial Holdings, Inc.	3.18B	69.79	12.69	-7.27%	5.77%	14.23%	58.41%	1.86
SYFSynchrony Financial	28.11B	78.06	9.13	19.73%	16.86%	20.95%	35.03%	0.93
SYF-PBSynchrony Financial	9.5B	26.37	3.08	52.34%	16.86%	20.95%	100%	0.93

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	12.09B	13.53B	15.02B	16.12B	16.8B	14.4B	14.24B	15.63B	17B	18.01B
NII Growth %	0.07%	0.12%	0.11%	0.07%	0.04%	-0.14%	-0.01%	0.1%	0.09%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	13.23B	14.78B	16.41B	17.99B	19.09B	16.07B	15.27B	17.15B	20.71B	22.64B
Interest Expense	1.14B	1.25B	1.39B	1.87B	2.29B	1.67B	1.03B	1.52B	3.71B	4.63B
Loan Loss Provision	2.95B	3.99B	5.3B	5.54B	4.18B	5.31B	726M	3.38B	5.96B	6.73B
Non-Interest Income+	-2.35B	-2.56B	-2.65B	-2.83B	-3.49B	-3.24B	-4.05B	-3.95B	-3.37B	-1.89B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	10.88B	12.22B	13.76B	15.15B	15.6B	12.83B	11.22B	13.2B	17.34B	20.76B
Revenue Growth %	0.07%	0.12%	0.13%	0.1%	0.03%	-0.18%	-0.12%	0.18%	0.31%	0.2%
Non-Interest Expense	3.26B	3.42B	3.75B	4.09B	4.25B	4.05B	3.96B	4.34B	4.76B	4.84B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.53B	3.57B	3.32B	3.64B	4.89B	1.8B	5.5B	3.96B	2.9B	4.55B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.04%	0.01%	-0.07%	0.1%	0.34%	-0.63%	2.06%	-0.28%	-0.27%	0.57%
Pretax Income+	3.53B	3.57B	3.32B	3.64B	4.89B	1.8B	5.5B	3.96B	2.9B	4.55B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.32B	1.32B	1.39B	854M	1.14B	412M	1.28B	946M	666M	1.05B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.21B	2.25B	1.94B	2.79B	3.75B	1.39B	4.22B	3.02B	2.24B	3.5B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.05%	0.02%	-0.14%	0.44%	0.34%	-0.63%	2.05%	-0.29%	-0.26%	0.56%
Net Income (Continuing)	2.21B	2.25B	1.94B	2.79B	3.75B	1.39B	4.22B	3.02B	2.24B	3.5B
EPS (Diluted)+	2.65	2.71	2.42	3.74	5.56	2.27	7.34	6.15	5.19	8.55
EPS Growth %	-0.05%	0.02%	-0.11%	0.55%	0.49%	-0.59%	2.23%	-0.16%	-0.16%	0.65%
EPS (Basic)	2.66	2.71	2.43	3.76	5.59	2.28	7.40	6.19	5.21	8.64
Diluted Shares Outstanding	835.5M	831.5M	799.7M	746.9M	673.5M	590.8M	569.3M	483.4M	423.5M	400.6M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	12.32B	9.32B	11.6B	9.4B	12.15B	11.52B	8.34B	10.29B	14.26B	14.71B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	71.43B	81.45B	86.42B	99.2B	93.85B	89.34B	90.38B	97.35B	107.04B	107.8B
Investments Growth %	0.13%	0.14%	0.06%	0.15%	-0.05%	-0.05%	0.01%	0.08%	0.1%	0.01%
Long-Term Investments	68.31B	76.35B	81.95B	93.14B	87.94B	81.87B	85.1B	92.47B	103.24B	104.72B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	949M	949M	991M	1.02B	1.08B	1.08B	1.1B	1.1B	1.02B	1.27B
Intangible Assets	701M	712M	749M	1.14B	1.26B	1.13B	1.17B	742M	815M	854M
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	-1.42B	-2.22B	-3.95B	-3.97B	-3.52B	-7.12B	-5.25B	-4.93B	-5.66B	-5.18B
Total Current Assets	15.45B	14.42B	16.07B	15.46B	18.06B	18.99B	13.62B	15.17B	18.06B	17.79B
Total Non-Current Assets	68.54B	75.79B	79.73B	91.33B	86.77B	76.95B	82.13B	89.39B	99.42B	101.67B
Total Assets+	83.99B	90.21B	95.81B	106.79B	104.83B	95.95B	95.75B	104.56B	117.48B	119.46B
Asset Growth %	0.11%	0.07%	0.06%	0.11%	-0.02%	-0.08%	-0%	0.09%	0.12%	0.02%
Return on Assets (ROA)	0.03%	0.03%	0.02%	0.03%	0.04%	0.01%	0.04%	0.03%	0.02%	0.03%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	24.28B	20.15B	20.8B	24B	19.87B	15.78B	14.51B	14.19B	15.98B	15.46B
Net Debt	11.95B	10.83B	9.2B	14.6B	7.72B	4.25B	6.17B	3.9B	1.72B	751M
Long-Term Debt	24.28B	20.15B	20.8B	24B	19.87B	15.78B	14.51B	14.19B	15.98B	15.46B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	0	6.44B	5.36B
Total Current Liabilities	47.11B	55.86B	60.77B	68.12B	69.87B	67.47B	67.59B	77.5B	81.15B	82.06B
Total Non-Current Liabilities	24.28B	20.15B	20.8B	24B	19.87B	15.78B	14.51B	14.19B	22.42B	20.82B
Total Liabilities	71.39B	76.01B	81.57B	92.11B	89.74B	83.25B	82.09B	91.69B	103.58B	102.88B
Total Equity+	12.6B	14.2B	14.23B	14.68B	15.09B	12.7B	13.65B	12.87B	13.9B	16.58B
Equity Growth %	0.2%	0.13%	0%	0.03%	0.03%	-0.16%	0.08%	-0.06%	0.08%	0.19%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	0.17%	0.14%	0.19%	0.25%	0.1%	0.32%	0.23%	0.17%	0.23%
Book Value per Share	15.09	17.07	17.80	19.65	22.40	21.50	23.99	26.63	32.83	41.39
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	9.35B	9.39B	9.45B	9.48B	9.54B	9.57B	9.67B	9.72B	9.78B	9.85B
Retained Earnings	3.29B	5.33B	6.81B	8.99B	12.12B	10.62B	14.24B	16.72B	18.66B	21.64B
Accumulated OCI	-41M	-53M	-64M	-62M	-58M	-51M	-69M	-125M	-68M	-59M
Treasury Stock	0	-475M	-1.96B	-3.73B	-7.24B	-8.17B	-10.93B	-14.17B	-15.2B	-16.07B
Preferred Stock	0	0	0	0	734M	734M	734M	734M	734M	1.22B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.18B	6.82B	8.92B	9.34B	8.99B	7.49B	7.1B	6.69B	8.59B	9.85B
Operating CF Growth %	0.16%	0.1%	0.31%	0.05%	-0.04%	-0.17%	-0.05%	-0.06%	0.28%	0.15%
Net Income	2.21B	2.25B	1.94B	2.79B	3.75B	1.39B	4.22B	3.02B	2.24B	3.5B
Depreciation & Amortization	174M	219M	254M	302M	367M	383M	390M	419M	458M	481M
Deferred Taxes	-295M	389M	385M	-53M	23M	-602M	219M	-421M	-458M	-98M
Other Non-Cash Items	3.38B	4.51B	649M	6.15B	4.79B	6.03B	1.25B	3.95B	6.7B	6.17B
Working Capital Changes	710M	-547M	397M	157M	65M	291M	1.02B	-269M	-345M	-205M
Cash from Investing+	-10.8B	-13.32B	-9.41B	-19.04B	-261M	-498M	-4.81B	-10.23B	-14.23B	-8.9B
Purchase of Investments	-5.1B	-3.38B	-3.16B	-7.27B	-7.86B	-9.91B	-2.99B	-3.87B	-3.62B	-2.81B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	-1.44B
Other Investing	-9.24B	-11.32B	-10.01B	-17.43B	-490M	1.03B	-6.9B	-10.35B	-15.62B	-8.26B
Cash from Financing+	5.12B	3.49B	2.77B	8.25B	-6.46B	-8.03B	-5.2B	5.28B	9.63B	-611M
Dividends Paid	0	-214M	-446M	-534M	-581M	-562M	-542M	-476M	-448M	-470M
Share Repurchases	0	-476M	-1.5B	-1.87B	-3.62B	-985M	-2.88B	-3.32B	-1.11B	-1.01B
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Other Financing	8.26B	8.66B	4.08B	7.47B	1.15B	-2.38B	-505M	9.41B	9.41B	915M
Net Change in Cash+	497M	-3B	2.28B	-1.44B	2.27B	-1.04B	-2.92B	1.74B	3.99B	334M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	11.83B	12.32B	9.32B	11.82B	10.38B	12.65B	11.61B	8.69B	10.43B	14.42B
Cash at End	12.32B	9.32B	11.6B	10.38B	12.65B	11.61B	8.69B	10.43B	14.42B	14.76B
Interest Paid	1.04B	1.16B	1.35B	1.81B	2.27B	1.69B	1.03B	1.36B	3.55B	4.66B
Income Taxes Paid	1.22B	1.77B	754M	772M	1.02B	847M	1.11B	1.29B	1.13B	1.09B
Free Cash Flow+	6.18B	6.82B	8.92B	9.34B	8.99B	7.49B	7.1B	6.69B	8.59B	9.85B
FCF Growth %	0.16%	0.1%	0.31%	0.05%	-0.04%	-0.17%	-0.05%	-0.06%	0.28%	0.15%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.18%	16.8%	13.61%	19.3%	25.18%	9.97%	32.03%	22.74%	16.72%	22.96%
Return on Assets (ROA)	2.77%	2.58%	2.08%	2.75%	3.54%	1.38%	4.4%	3.01%	2.02%	2.95%
Net Interest Margin	14.4%	15%	15.67%	15.09%	16.03%	15.01%	14.87%	14.94%	14.47%	15.08%
Efficiency Ratio	29.99%	27.95%	27.24%	27.02%	27.21%	31.61%	35.31%	32.87%	27.44%	23.31%
Equity / Assets	15.01%	15.74%	14.86%	13.74%	14.39%	13.24%	14.26%	12.31%	11.83%	13.88%
Book Value / Share	15.09	17.07	17.8	19.65	22.4	21.5	23.99	26.63	32.83	41.39
NII Growth	6.83%	11.88%	10.98%	7.34%	4.23%	-14.27%	-1.13%	9.73%	8.79%	5.95%
Dividend Payout	-	9.51%	23.05%	19.14%	15.51%	37.55%	11.85%	14.39%	18.14%	11.37%

Frequently Asked Questions

Valuation & Price

Synchrony Financial (SYF) has a price-to-earnings (P/E) ratio of 9.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Synchrony Financial (SYF) grew revenue by 19.7% over the past year. This is strong growth.

Yes, Synchrony Financial (SYF) is profitable, generating $3.58B in net income for fiscal year 2024 (16.9% net margin).

Dividend & Returns

Yes, Synchrony Financial (SYF) pays a dividend with a yield of 1.27%. This makes it attractive for income-focused investors.

Synchrony Financial (SYF) has a return on equity (ROE) of 23.0%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Synchrony Financial (SYF) has a net interest margin (NIM) of 15.1%. This indicates healthy earnings from lending activities.

Synchrony Financial (SYF) has an efficiency ratio of 23.3%. This is excellent, indicating strong cost control.

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