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 |
| Key People | ||
| Brian D. Doubles President, Chief Executive Officer, Director | Bart Schaller Executive Vice President, Chief Executive Officer - Digital | Brian J. Wenzel Chief Financial Officer, Executive Vice President |
| Carol D. Juel Executive Vice President, Chief Technology and Operating Officer | Paul Whynott Executive Vice President, Chief Risk Officer | Jonathan S. Mothner Executive Vice President, General Counsel, Secretary |
| Sue Bishop Executive Vice President, Chief Corporate Affairs 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 |
| 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 fiscal year ended 31 December 2023, Synchrony Financial interest income increased 21% to $20.71B. Net interest income after loan loss provision decreased 10% to $11.03B. Net income applicable to common stockholders decreased 26% to $2.2B. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 3% to 15.15%, Net Interest Spread - Total - % decrease of 6% to 14.36%. |
| Employees: | 20,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $18,601M as of Dec 31, 2023 |
| Annual revenue (TTM): | $20,710M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,121M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,196M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8,145M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,723M as of Dec 31, 2023 |
| Shares outstanding: | 406,843,602 as of Feb 2, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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