Synchrony Financial (SYF) reported Q1 net earnings Tuesday of $1.89 per diluted share, down from $3.14 a year earlier.
Analysts polled by FactSet expected $1.65.
Net revenue for the quarter ended March 31 was $3.72 billion, down from $4.80 billion a year earlier. Analysts surveyed by FactSet expected $3.76 billion.
$Synchrony Financial(SYF-B)$ board approved a share buyback program of $2.5 billion through June 30, 2026, and increased the quarterly cash dividend by 20% to $0.30 per share starting from Q2.
Synchrony Financial shares were up over 3% in recent premarket activity.
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