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Synchrony Financial (SYF) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Synchrony Financial

HISTORY TOOLS
CIK: 1601712 Ticker: SYF
Exhibit 99.1

syf1q16eprimage11.jpg
Investor Relations    Media Relations
Greg Ketron    Sue Bishop
(203) 585-6291    (203) 585-2802
For Immediate Release: October 19, 2018

Synchrony Financial Reports Third Quarter Net Earnings of $671 Million or $0.91 Per Diluted Share
STAMFORD, Conn. – Synchrony Financial (NYSE: SYF) today announced third quarter 2018 net earnings of $671 million, or $0.91 per diluted share. Highlights included:
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Net interest income increased 9% from the third quarter of 2017 to $4.2 billion
•
Loan receivables grew $11 billion, or 14%, from the third quarter of 2017 to $88 billion
•
Purchase volume increased 11% from the third quarter of 2017 to $36 billion
•
Deposits grew $8 billion, or 14%, from the third quarter of 2017 to $62 billion
•
Completed the U.S. PayPal Credit financing program acquisition on July 2, 2018, acquiring $7.6 billion in receivables and making Synchrony the exclusive issuer of PayPal Credit in the U.S.
•
Renewed relationships: Lowe’s, JCPenney, Associated Materials, and Generac
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Added new partnerships: Fred Meyer Jewelers and Eargo
•
Expanded CareCredit network and enhanced mobile app capabilities
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Paid quarterly common stock dividend of $0.21 per share and repurchased $966 million of Synchrony Financial common stock

“We generated strong results this quarter, adding a top new program with the completion of the acquisition of the U.S. PayPal Credit program, while also continuing to drive organic growth. In addition to renewing key partnerships, we won exciting new programs. We have also been expanding our valuable CareCredit network, entering more than 25 new markets over the last several quarters. We continue to invest in our digital capabilities and network, focusing on ease of card use across platforms, as well as card utility, enhancing our competitive position in the rapidly changing marketplace. We are also seeing other important elements of our business, such as credit quality, continue to perform in-line with our expectations,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial.

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The following information was filed by Synchrony Financial (SYF) on Friday, October 19, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Synchrony Financial's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Equity (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Earnings (Unaudited)
Condensed Consolidated Statements Of Financial Position
Condensed Consolidated Statements Of Financial Position Statement (Parenthetical)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Borrowings
Borrowings (Tables)
Borrowings - Borrowings Maturity Schedule (Details)
Borrowings - Borrowings Schedule (Details)
Borrowings - Narrative (Details)
Business Description
Deposits
Deposits (Tables)
Deposits - Maturity Schedule (Details)
Deposits - Narrative (Details)
Deposits - Schedule Of Deposit Liabilities (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Basic And Diluted Earnings Per Share (Details)
Earnings Per Share - Narrative (Details)
Fair Value Measurement - Fair Value Asset And Liabilities Carried At Other Than Fair Value (Details)
Fair Value Measurement - Recurring Fair Value Measurements (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Income Taxes
Income Taxes - Unrecognized Tax Benefits (Details)
Incomes Taxes (Tables)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Schedule Of Finite-Lived Intangible Assets (Details)
Intangible Assets Narrative (Details)
Investment Securities
Investment Securities (Tables)
Investment Securities - Continuous Unrealized Losses (Details)
Investment Securities - Contractual Maturities (Details)
Investment Securities - Schedule Of Available For Sale Securities (Details)
Legal Proceedings And Regulatory Matters
Loan Receivables And Allowance For Loan Losses
Loan Receivables And Allowance For Loan Losses (Tables)
Loan Receivables And Allowance For Loan Losses - Allowance For Loan Losses (Details)
Loan Receivables And Allowance For Loan Losses - Classified As Tdrs (Details)
Loan Receivables And Allowance For Loan Losses - Credit Quality Indicators (Details)
Loan Receivables And Allowance For Loan Losses - Delinquent And Non Accrual Status (Details)
Loan Receivables And Allowance For Loan Losses - Financial Effects Of Tdrs (Details)
Loan Receivables And Allowance For Loan Losses - Interest Income By Product (Details)
Loan Receivables And Allowance For Loan Losses - Loan Receivables (Details)
Loan Receivables And Allowance For Loan Losses - Loans Entered Into A Loan Modification Program (Details)
Loan Receivables And Allowance For Loan Losses - Narrative (Details)
Loan Receivables And Allowance For Loan Losses - Payment Defaults (Details)
Regulatory And Capital Adequacy
Regulatory And Capital Adequacy (Capital Amounts And Ratios) (Details)
Regulatory And Capital Adequacy (Tables)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities - Narrative (Details)
Variable Interest Entities - Summary Of Assets And Liabilities (Details)
Ticker: SYF
CIK: 1601712
Form Type: 10-Q Quarterly Report
Accession Number: 0001601712-18-000265
Submitted to the SEC: Thu Oct 25 2018 12:21:03 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Finance Services

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