Synchrony Financial — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Synchrony reported Q3 2026 net earnings of $892M ($2.68 diluted EPS) versus $1,077M ($2.86 EPS) in Q3 2025—a 17% decline. Key drivers: net interest income grew 2% to $4.8B but provision for credit losses rose 10% to $1.3B (reserve build of $30M vs. release of $152M prior year), other expense jumped 10% to $1.4B, and efficiency ratio widened 330bps to 35.9%. Loan receivables grew 3% to $103.3B; purchase volume +8% to $49.7B. Company returned $1.2B capital (buybacks + dividends); CET1 ratio declined 140bps to 12.9%. No major counterparty deals announced.
Why this rating
Earnings miss and margin compression material but company remains profitable. EPS down 6%, ROA down 70bps, efficiency worsening. Moderate relative to $24.8B market cap but reflects operational headwinds.
See more from October 20, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.