Net interest income up 7% Y/Y to $3.8B.
Provisions up 4% to $1.4B, with company noting "credit normalization" and growth. Net charge-off ratio rose to 6.14% from 5.33% a year ago - that would be above management's 5.5%-5.8% full-year target. Loans 30+ days past due ratio up to 4.52% from 4.25%.
Helping the bottom line were lower tax rates - tax provision down 27%.
Previously: Synchrony Financial beats by $0.07, misses on net interest income (April 20)
SYF flat premarket
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