Synchrony Financial (NYSE:SYF) reported third-quarter 2025 net earnings of $1.1 billion, or $2.86 per diluted share, compared with $789 million, or $1.94 per share, a year earlier.

The results topped expectations, with EPS beating the $2.20 estimate and revenue of $4.72 billion exceeding the $4.69 billion forecast. Net revenue rose 0.2% year over year to $3.82 billion, while net interest income increased 2.4% to $4.72 billion.

Operational performance improved as purchase volume grew 2% to $46 billion, and the net interest margin expanded by 58 basis points to 15.62%. Loan receivables declined 2% to $100.2 billion, reflecting portfolio reclassification, while the efficiency ratio rose to 32.6%.

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Return on assets climbed to 3.6%, return on equity to 25.1%, and return on tangible common equity to 30.6%.

Credit quality strengthened, with loans 30-plus days past due at 4.39% of receivables, down 39 basis points, and net charge-offs falling 90 basis ...