Synchrony Financial (SYF) announced a profit for its first quarter that Increased, from the same period last year
The company's earnings came in at $784 million, or $2.27 per share. This compares with $736 million, or $1.89 per share, last year.
Synchrony Financial earnings at a glance (GAAP) :
-Earnings: $784 Mln. vs. $736 Mln. last year.-EPS: $2.27 vs. $1.89 last year.
For the first quarter, Synchrony Financial posted net interest income of $4.635 billion, higher than $4.464 billion in the same period last year.
The Board has approved a new share repurchase program of up to $6.5 billion, which will commence in the second quarter of 2026. The new share repurchase program will replace the company’s prior program, which was scheduled to expire on June 30.
The Board has also approved a 13% increase to the quarterly cash dividend to $0.34 per share starting from the third quarter.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.