Lifestyle period-end loan receivables of $5,970 million rose 9% year over year in the fourth quarter. Interest and fees on loans increased 23.4% year over year to $744 million, higher than our estimate of $687.7 million. Purchase volume of $3,505 million grew 14.7% year over year in the quarter under review, attributable to robust active accounts growth and increased spending per active account. Health & Wellness period-end loan receivables advanced 18.9% year over year to $12,179 million. Interest and fees on loans climbed 25.2% year over year to $1,023 million, higher than our estimate of $893.1 million. Purchase volume amounted to $16,266 million, up 14.9% year over year on the back of solid out-of-partner spending, coupled with favorable partner performance and higher penetration. Interest and fees on loans of $1,322 million climbed 29% year over year, higher than our estimate of $1,148.9 million.ĭiversified & Value period-end loan receivables of $18,617 million improved 15.8% year over year in the fourth quarter. Purchase volume grew 10% year over year to $14,794 million due to higher average active accounts and solid customer engagement. Interest and fees on loans of $1,264 million climbed 12.3% year over year and came higher than our estimate of $1,168.4 million.ĭigital period-end loan receivables totaled $25,522 million, which rose 17.3% year over year in the quarter under review. Purchase volume advanced 8.6% year over year to $11,860 million, riding on rising Home spending and improved prices in furniture. It also remains the common factor boosting loan receivables growth on the remaining four sales platforms. The improvement came on the back of increased purchase volume and moderated payment rates. Home & Auto period-end loan receivables of $29,978 million improved 11.9% year over year in the fourth quarter. The efficiency ratio came in at 37.2%, which deteriorated 390 bps year over year. Total other expenses of SYF increased 2.6% year over year to $1,151 million in the quarter under review due to elevated employee costs, higher technology investments and growing transaction volume. Average active accounts of 68.4 million dipped 1% year over year. New accounts totaled 6.4 million, down 13% year over year. Net interest margin of 15.58% deteriorated 19 basis points year over year. Interest and fees on loans grew 13.2% year over year to $4,576 million in the fourth quarter, higher than our estimate of $4,300.2 million. Synchrony Financial’s purchase volume of $47,923 million increased 1.8% year over year. Provision for credit losses more than doubled year over year to $1,201 million due to increased reserve build and elevated net charge -offs. Total deposits of $71.7 billion advanced 15.2% year over year. Total loan receivables of SYF were $92.5 billion, which rose 14.5% year over year and beat our estimate of $89.9 billion in the quarter under review. The decline was due to elevated loyalty costs and a gain on venture investment in the previous year. Other income of Synchrony Financial plunged 82% year over year to $30 million in the fourth quarter and lagged the Zacks Consensus Estimate of $63 million. Synchrony Financial price-consensus-eps-surprise-chart | Synchrony Financial Quote Q4 Results in Detail Synchrony Financial Price, Consensus and EPS Surprise
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