Synchrony Financial (NYSE: SYF) reported its first-quarter results before market open. The company’s earnings per share increased compared to a year earlier and surpassed analyst expectations.
In the first quarter, Synchrony Financial recorded earnings per share of $2.27, compared to $1.89 a year earlier. Analysts had estimated earnings of $2.20 per share.
The company generated revenue of $4.64 billion for the quarter, up from $4.46 billion a year earlier. This figure was above the analyst estimate of $4.35 billion.
For fiscal year 2026, Synchrony Financial has maintained its earnings outlook in the range of $9.10 to $9.50 per share. Analysts have estimated earnings of $9.24 per share for the year.
Synchrony Financial announced a quarterly common stock dividend of $0.30 per share, payable on May 15, 2026, to holders of record at the close of business on May 5, 2026. The firm plans to increase the quarterly cash dividend to $0.34 per share beginning in the third quarter of 2026.
The Board also declared quarterly cash dividends on its preferred stocks, with Series A paying approximately $14.06 per share and Series B paying approximately $20.63 per share, both payable on May 15, 2026, to holders of record on May 5, 2026.
Additionally, the Board approved a new share repurchase program of up to $6.5 billion, commencing in the second quarter of 2026 with no expiration date.
