Synchrony Financial Q2 2016 Earnings Results

Synchrony Financial reported Q2 2016 net earnings of $489 million with diluted EPS of $0.58, supported by 9% purchase volume growth and 11% loan receivable growth. The company demonstrated strong capital management with an 18.5% CET1 ratio and $14 billion in liquid assets, while announcing a quarterly dividend and share repurchase program. Net charge-offs improved to 4.49% from 4.63% year-over-year, reflecting solid credit quality despite slight uptick in 30+ delinquency.