Synchrony Financial (N:SYF)

Business Focus: Consumer Lending

Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEC
Company Contact
Address: 777 Long Ridge Rd
STAMFORD CT 06902-1250
Tel: N/A
Website: https://www.synchrony.com
IR: See website
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Key People
Brian D. Doubles
President, Chief Executive Officer, Director
Brian J. Wenzel
Chief Financial Officer, Executive Vice President
Carol D. Juel
Executive Vice President, Chief Technology and Operating Officer
Jonathan S. Mothner
Executive Vice President, Chief Risk and Legal Officer
Alberto Casellas
Executive Vice President, Chief Executive Officer - Health and Wellness
Curtis Howse
Executive Vice President, Chief Executive Officer - Home and Auto
Maran Nalluswami
Executive Vice President, Chief Executive Officer - Diversified and Value and Lifestyle
Bart Schaller
Executive Vice President, Chief Executive Officer - Digital
David P. Melito
Senior Vice President, Chief Accounting Officer, Controller
Business Overview
Synchrony Financial is a consumer financial services company focused on delivering digitally enabled product suites. The Company provides a range of credit products through financing programs it has established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company primarily offers private label, dual card, co-brand, and general-purpose credit cards, as well as short- and long-term installment loans, and savings products through Synchrony Bank (the Bank). It primarily manages its credit products through five sales platforms (Home & Auto, Digital, Diversified & Value, Health & Wellness and Lifestyle). The Bank offers directly to retail, affinity relationships and commercial customers, a range of deposit products, including certificates of deposit, individual retirement accounts (IRAs), money market accounts, savings accounts and sweep and affinity deposits.
Financial Overview
For the three months ended 31 March 2024, Synchrony Financial interest income increased 16% to $5.57B. Net interest income after loan loss provision decreased 9% to $2.52B. Net income applicable to common stockholders increased from $590M to $1.28B. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 4% to 14.55%, Net Interest Spread - Total - % decrease of 6% to 13.64%.
Employees: 20,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $14,853M as of Mar 31, 2024
Annual revenue (TTM): $21,492M as of Mar 31, 2024
EBITDA (TTM): $5,078M as of Mar 31, 2024
Net annual income (TTM): $2,888M as of Mar 31, 2024
Free cash flow (TTM): $8,505M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 401,543,685 as of Apr 19, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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