Synchrony Financial reported a 9% decline in second-quarter net income available to common stockholders, falling to $864 million from $946 million a year earlier. Earnings per share rose to $2.59 from $2.50, while net interest income increased to $4.61 billion from $4.52 billion. The company reaffirmed its full-year 2026 earnings per share guidance of $9.25 to $9.50 and expects ending loan receivables growth in the mid-single-digit range. Synchrony also anticipates net interest income growth, continued strength in delinquency and net charge-off performance, and average loan receivables remaining within the 4.0% to 4.5% target range. Shares rose 2.15% to $75 in pre-market trading on the New York Stock Exchange.
Synchrony FinancialQ2 earnings beat EPS estimates and guidance reaffirmed, driving shares up 2.15% pre-market.