第99.1展示文本
立即發佈 synchrony financial (紐交所: SYF) 2024年10月16日 |  | |||||||
2024 年第三季度業績和關鍵指標
2.6% 回來吧 資產 | 13.1% CET1 比率 | 3.99 億美元 資本 已返回 | 首席執行官評論 | |||||||||||||||||||||||||||||
| Synchrony總裁兼首席執行官布萊恩·杜布爾斯表示：「Synchrony的第三季度業績反映了我們專注於通過不斷變化的市場條件爲衆多利益相關者創造價值。」 “在本季度，我們繼續通過強大的全渠道體驗提供負責任的信貸渠道。客戶繼續參與Synchrony的多元化投資組合，因爲我們靈活的融資解決方案的廣泛用途和引人注目的價值主張在通貨膨脹環境中引起共鳴。 “無論是通過提供可擴展的創新金融解決方案，爲我們的客戶提供支持，還是增加和更新涵蓋大多數消費者支出類別的計劃，Synchrony都在爲我們的客戶和合作夥伴提高可及性、多功能性和價值。 「隨着我們繼續利用我們的核心優勢並執行我們的關鍵戰略優先事項，我們正在深化我們作爲消費金融領域首選合作伙伴的領導地位。」 | ||||||||||||||||||||||||||||||||
102.2億美元 應收貸款 | ||||||||||||||||||||||||||||||||
 | 淨收益爲7.89億美元，攤薄後每股收益爲1.94美元 | |||||||||||||||||||||||||||||||
 | 應收賬款持續增長 | |||||||||||||||||||||||||||||||
 | 向股東返還了3.99億美元的資本，包括3億美元的股票回購 | |||||||||||||||||||||||||||||||
康涅狄格州斯坦福——Synchrony Financial（紐約證券交易所代碼：SYF）今天宣佈2024年第三季度淨收益爲7.89億美元，攤薄每股收益爲1.94美元，而2023年第三季度爲6.28億美元，攤薄每股收益1.48美元。 | ||||||||||||||||||||||||||||||||
| 主要運營和財務指標* | ||||||||||||||||||||||||||||||||
| 業績反映了差異化的商業模式 | ||||||||||||||||||||||||||||||||
•購買量下降了4％，至450億美元 •應收貸款增加了4％，達到1,022億美元 •平均活躍帳戶保持不變，爲7040萬 •新帳戶下降了18％，至470萬 •淨利率下降32個點子至15.04％ •效率比率下降了200個點子至31.2％ •資產回報率增長了30個點子至2.6％ •股本回報率增長了170個點子至19.8％ •有形普通股回報率**增加了240個點子至24.3％ •每股賬面價值增長了20％，至37.92美元 •每股有形賬面價值**增長了20％，至32.68美元 | ||||||||||||||||||||||||||||||||
| 致富金融評論 | 2024年第三季度業務和財務結果 *2024年第三季度 | |||||||||||||||||||||||||
致富金融的執行副總裁兼首席財務官布賴恩·溫策爾表示：「在第三季度，致富金融再次展現出強勁的表現，既展示了我們獨特商業模式的韌性，也體現了我們爲利益相關方持續提供足夠吸引力結果的能力。」 「雖然我們繼續密切關注消費者行爲和我們組合的表現，但我們確信迄今爲止採取的措施，爲客戶提供動態的金融解決方案，同時推動合作伙伴的忠誠度和銷售，正在推動我們朝共同目標進展。」 「致富金融行業專業知識、獨有數據和分析能力以及創新數字能力的獨特組合正推動着我們前進的軌跡，我們相信我們處於有利位置，能夠推動長期內可持續和強勁的風險調整回報。」 | ||||||||||||||||||||||||||
| 業務高光點 | ||||||||||||||||||||||||||
| 繼續擴大組合、增強產品和拓展市場份額 | ||||||||||||||||||||||||||
•新增或更新了15個以上的項目，包括迪克體育用品、CF摩托、里茲和吉卜森。 •與迪克體育用品繼續合作，基於我們長達20多年的合作關係，專注於提升運動員服務和體驗，持續加快獎勵獲取速度，提供獨家會員優惠和數字帳戶管理，包括ScoreRewards信用卡和ScoreRewards萬事達。 •推出首款專利待批付款體驗，無縫集成CareCredit和Pets Best產品，實現直接保險索賠報銷。 | ||||||||||||||||||||||||||
| 財務亮點 | ||||||||||||||||||||||||||
| 核心業務驅動的收益 | ||||||||||||||||||||||||||
•貸款利息和費用增長7%至55億美元，主要受到平均貸款應收賬款增長、產品、定價和政策變化(「PPPC」)的影響，以及付款率降低的推動，部分抵消了更高的逆向扣款。 •淨利息收入增長24700萬美元，或6%，至46億美元，主要受到貸款利息和費用增加的推動，部分抵消了來自更高基準利率和更高利息負債的利息支出增加。 •零售商份額安排減少6500萬美元，或7%，至91400萬美元，反映了更高的淨沖銷。 •信貸損失計提增加了10900萬美元，達到16億美元，主要是由較高的淨銷賬部分抵消了較低的準備金增加。 •其他收入增加了2700萬美元，達到11900萬美元，主要反映了PPP相關費用的影響，部分抵消了寵物最佳處置和風險投資的盈虧影響。 •其他費用增加了3500萬美元，或3％，達到12億美元，主要是由於與Ally Lending收購、 科技投資以及爲延遲付款規則變更做準備的費用有關，這部分抵消了較低的運營損失。 •淨收入增加了26％，達到78900萬美元，而去年同期爲62800萬美元。 | ||||||||||||||||||||||||||
| 信用質量。 | ||||||||||||||||||||||||||
| 逾期趨勢與季節性一致 | ||||||||||||||||||||||||||
•逾期30天或以上的貸款佔期末總貸款的比例爲4.78％，而去年同期爲4.40％，增加了38個點子，大約高出2017年至2019年第三季度平均水平16個點子。 •淨銷賬佔期末總貸款平均餘額的比例爲6.06％，而去年同期爲4.60％，增加了146個點子，高出2017年至2019年第三季度平均水平97個點子。 •信貸損失準備金佔期末貸款應收總額的比例爲10.79%，而2024年第二季度爲10.74%。 | ||||||||||||||||||||||||||
| 銷售平台重點 | |||||||||||||||||||||||
| 績效繼續受信貸行動和選擇性消費支出的影響，原因是通貨膨脹對可負擔性的影響 | |||||||||||||||||||||||
•家庭及汽車購買量下降了7%，因爲Ally Lending收購的影響被更多地抵消，原因是較少的消費者流量、較少的大額購買，以及信貸行動的影響。期末貸款應收款項增加了3%，反映Ally Lending收購和較低支付率的影響。貸款利息和費用上漲了9%，主要是由較高的平均貸款應收款項和較高的基準利率推動的。平均活躍帳戶保持不變。 •數字購買量下降了3%，主要是由於每個帳戶的支出減少和信貸行動的影響。期末貸款應收款項增加了4%，主要是由於支付率降低。貸款利息和費用增加了4%，反映了較高的平均貸款應收款項、較低的支付率和較高的基準利率的影響。平均活躍帳戶保持不變。 •多元化和價值購買量下降了3%，主要是由於每個帳戶的支出減少和信貸行動的影響。期末貸款應收款項增加了3%，主要是由於支付率降低。貸款利息和費用增加了4%，主要是由於較高的平均貸款應收款項、較低的支付率和較高的基準利率的影響。平均活躍帳戶減少了2%。 •健康和健康購買量下降了3%，因爲牙科、化妝品和視力的支出減少，加上信貸行動的影響，部分被寵物和聽力的增長抵消。期末貸款應收款項增加了10%，主要是由於過去12個月的較高購買量和較低支付率。貸款利息和費用增加了13%，反映了較高的平均貸款應收款項的影響。平均活躍帳戶增加了7%。 •生活方式購買量下降了5%，主要是由於較低的交易價值和信貸行動的影響。期末貸款應收款項增加了5%，反映了支付率的調整。貸款利息和費用增加了8%，主要是由較高的平均貸款應收款項和較高的基準利率的影響。平均活躍帳戶增加了5%。 | |||||||||||||||||||||||
| 資產負債表、流動性與資本 | |||||||||||||||||||||||
| 資金、資本和流動性仍然強勁 | |||||||||||||||||||||||
•1022億美元的貸款應收增加了4％；購買成交量減少了4％，平均活躍帳戶保持不變。 •存款增加了420億美元，增長了5％，達到823億美元，佔籌資的84％。 •總流動資產和未動用的信貸額度爲224億美元，佔總資產的18.8％。 •公司向股東返還了39900萬美元的資金，包括30000萬美元的股票回購和9900萬美元的普通股股利。 •截至2024年9月30日，公司剩餘股票回購授權總額爲70000萬美元。 •估計的普通股 Tier 1 比率爲13.1％，而去年同期爲12.8％，估計的 Tier 1 資本比率爲14.3％，而去年同期爲13.6％。 | |||||||||||||||||||||||
所有比較都是針對2024年第三季度與2023年第三季度進行的，除非另有說明。 可比股東權益回報率和每股有形賬面價值均爲非依據美國通用會計原則的財務指標。請參閱財務報表中的非依據美國通用會計原則的調整。 | |||||||||||||||||||||||
| 相應的財務表格和信息 | |||||||||||||||||||||||
投資者應該結合隨後的詳細財務表格和信息，於2024年2月8日提交的公司2023年12月31日結束的年度報告Form 10-k，以及公司即將提交的2024年9月30日季度報告Form 10-Q，審閱Synchrony Financial收益及財務狀況的前述摘要和討論。 詳細的財務表格及其他信息也可在公司網站的投資者關係頁面www.investors.synchronyfinancial.com上獲得。該信息也包含在今日向SEC提交的一份8-k表格中。 | |||||||||||||||||||||||
電話會議和網絡研討會 | ||||||||||||||
2024年10月16日星期三上午8:00，synchrony financial總裁兼首席執行官Brian Doubles，執行副總裁兼首席財務官Brian Wenzel Sr. 將主持一次電話會議，審查業務特定驅動因素的財務業績和展望。可以通過Synchrony Financial公司網站投資者關係頁面上的音頻網絡直播接入電話會議www.investors.synchrony.com，在事件和演示文稿下。回放也將在網站上提供。 | ||||||||||||||
ABOUT SYNCHRONY FINANCIAL
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice.
For more information, visit www.synchrony.com
| Investor Relations | Media Relations | ||||
| Kathryn Miller | Lisa Lanspery | ||||
| (203) 585-6291 | (203) 585-6143 | ||||
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "targets," "outlook," "estimates," "will," "should," "may," “aim,” “focus,” “confident,” “trajectory” or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include global political, economic, business, competitive, market, regulatory and other factors and risks, such as: the impact of macroeconomic conditions and whether industry trends we have identified develop as anticipated; retaining existing partners and attracting new partners, concentration of our revenue in a small number of partners, and promotion and support of our products by our partners; cyber-attacks or other security incidents or breaches; disruptions in the operations of our and our outsourced partners' computer systems and data centers; the financial performance of our partners; the Consumer Financial Protection Bureau’s (the “CFPB”) final rule on credit card late fees, including the timing for resolution and outcome of the litigation challenging the final rule, as well as changes to consumer behaviors in response to the final rule, if implemented, and the product, policy and pricing changes that have been or will be implemented to mitigate the impacts of the final rule; the sufficiency of our allowance for credit losses and the accuracy of the assumptions or estimates used in preparing our financial statements, including those related to the CECL accounting guidance; higher borrowing costs and adverse financial market conditions impacting our funding and liquidity, and any reduction in our credit ratings; our ability to grow our deposits in the future; damage to our reputation; our ability to securitize our loan receivables, occurrence of an early amortization of our securitization facilities, loss of the right to service or subservice our securitized loan receivables, and lower payment rates on our securitized loan receivables; changes in market interest rates and the impact of any margin compression; effectiveness of our risk management processes and procedures, reliance on models which may be inaccurate or misinterpreted, and our ability to manage our credit risk; our ability to offset increases in our costs in retailer share arrangements; competition in the consumer finance industry; our concentration in the U.S. consumer credit market; our ability to successfully develop and commercialize new or enhanced products and services; our ability to realize the value of acquisitions, dispositions and strategic investments; reductions in interchange fees; fraudulent activity; failure of third parties to provide various services that are important to our operations; international risks and compliance and regulatory risks and costs associated with international operations; alleged infringement of intellectual property rights of others and our ability to protect our intellectual property; litigation and regulatory actions; our ability to attract, retain and motivate key officers and employees; tax legislation initiatives or challenges to our tax positions and/or interpretations, and state sales tax rules and regulations; regulation, supervision, examination and enforcement of our business by governmental authorities, the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislative and regulatory developments and the impact of the CFPB’s regulation of our business, including new requirements and constraints that the Company and the Bank are or will become subject to as a result of having $100 billion or more in total assets; impact of capital adequacy rules and liquidity requirements; restrictions that limit our ability to pay dividends and repurchase our common stock, and restrictions that limit the Bank’s ability to pay dividends to us; regulations relating to privacy, information security and data protection; use of third-party vendors and ongoing third-party business relationships; and failure to comply with anti-money laundering and anti-terrorism financing laws.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS (Continued)
For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this news release and in our public filings, including under the heading "Risk Factors Relating to our Business" and “Risk Factors Relating to Regulation” in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed on February 8, 2024. You should not consider any list of such factors to be an exhaustive statement of all the risks, uncertainties, or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.
NON-GAAP MEASURES
The information provided herein includes measures we refer to as "return on tangible common equity," “tangible book value per share” and certain “CECL fully phased-in" capital measures, which are not prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). For a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures, please see the detailed financial tables and information that follow. For a statement regarding the usefulness of these measures to investors, please see the Company's Current Report on Form 8-K filed with the SEC today.