Synchrony Financial【SYF】

Market cap

$25.8B

P/E ratio

	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Interest and fees on loans (Note 5)	-	-	-	-	-	-	4,900	4,100	3,700	3,900	4,400
Interest on cash and debt securities	-	-	-	-	-	385	117	43	265	808	1,049
Total interest income	12,242	13,228	14,778	16,407	17,988	19,090	16,067	15,271	17,146	20,710	22,645
Interest on deposits	470	607	727	848	1,186	1,566	1,094	566	1,008	2,952	3,806
Interest Expense, Borrowings	-	-	-	-	-	-	237	169	196	340	427
Interest Expense, Debt, Operating	-	-	-	-	-	-	-	-	-	-	401
Total interest expense	-	-	-	-	-	-	-	-	-	-	4,634
Net interest income	11,320	12,093	13,530	15,016	16,118	16,799	14,402	14,239	15,625	16,999	18,011
Retailer share arrangements	2,575	2,738	2,902	2,937	3,099	3,858	3,645	4,528	4,331	3,661	3,407
Provision for credit losses (Note 5)	-	-	-	-	-	-	1,500	-105	365	857	963
Net interest income, after retailer share arrangements and provision for credit losses	5,828	6,403	6,642	6,783	7,474	8,761	5,447	8,985	7,919	7,373	7,871
Interchange revenue	389	505	602	653	710	748	652	880	982	1,031	1,026
Protection product revenue	-	-	-	-	-	-	-	-	-	510	562
Loyalty programs	281	419	547	704	751	743	649	992	1,257	1,370	1,382
Other	102	57	27	67	39	101	124	309	268	118	1,315
Total other income	485	392	344	288	265	371	405	481	380	289	1,521
Employee costs	866	1,042	1,207	1,314	1,427	1,455	1,380	1,501	1,681	1,884	1,872
Professional fees	607	645	638	629	806	867	759	782	832	842	936
Marketing and business development	460	433	423	498	528	549	448	486	487	527	524
Information processing	212	297	338	373	426	485	492	550	623	712	803
Other	782	847	810	933	908	889	976	644	714	793	704
Total other expense	2,927	3,264	3,416	3,747	4,095	4,245	4,055	3,963	4,337	4,758	4,839
Earnings before provision for income taxes	3,386	3,531	3,570	3,324	3,644	4,887	1,797	5,503	3,962	2,904	4,553
Income Tax Expense (Benefit)	1,277	1,317	1,319	1,389	854	1,140	412	1,282	946	666	1,054
Net earnings	2,109	2,214	2,251	1,935	2,790	3,747	1,385	4,221	3,016	2,238	3,499
Net earnings available to common stockholders	-	-	-	-	-	3,747	1,343	4,179	2,974	2,196	3,427
Basic (in usd per share)	2.78	2.66	2.71	2.43	3.76	5.59	2.28	7.4	6.19	5.21	8.64
Diluted (in usd per share)	2.78	2.65	2.71	2.42	3.74	5.56	2.27	7.34	6.15	5.19	8.55