Synchrony Marks a Decade of Impact by Championing Responsible Access to Credit for Americans
Synchrony (NYSE: SYF), a leading financing partner for major American brands, is celebrating its 10th anniversary as a public company. The company has achieved significant growth since its IPO, with annual purchase volume increasing 80% to $185 billion in 2023 and loan receivables up over 85% to $102 billion. Synchrony has returned over $20 billion to shareholders and more than tripled tangible book value per share.
The company has expanded its reach in home improvement, pet care, and health and wellness financing through strategic acquisitions and partnerships. Synchrony has invested heavily in innovation, developing an industry-leading credit decisioning system and securing 72 U.S. patents. It has also been recognized as a top employer, ranking in the Top 5 Best Companies to Work For in the U.S. in 2024.
Synchrony (NYSE: SYF), un partner finanziario di riferimento per importanti marchi americani, celebra il suo 10° anniversario come azienda quotata in borsa. L'azienda ha registrato una crescita significativa dalla sua IPO, con un volume d'acquisti annuale aumentato dell'80% a 185 miliardi di dollari nel 2023 e crediti in prestito cresciuti di oltre l'85% a 102 miliardi di dollari. Synchrony ha restituito oltre 20 miliardi di dollari agli azionisti e ha più che triplicato il valore contabile tangibile per azione.
L'azienda ha ampliato la sua portata nel settore del miglioramento della casa, della cura degli animali domestici e del finanziamento per la salute e il benessere attraverso acquisizioni e partnership strategiche. Synchrony ha investito molto in innovazione, sviluppando un sistema di decisione creditizia leader nel settore e ottenendo 72 patenti negli Stati Uniti. È anche stata riconosciuta come un top employer, posizionandosi tra le prime 5 migliori aziende per cui lavorare negli Stati Uniti nel 2024.
Synchrony (NYSE: SYF), un socio financiero líder para las principales marcas estadounidenses, celebra su 10° aniversario como empresa pública. Desde su oferta pública inicial, la compañía ha logrado un crecimiento significativo, con un volumen de compras anual que aumentó un 80% a 185 mil millones de dólares en 2023 y cuentas por cobrar de préstamos que subieron más del 85% a 102 mil millones de dólares. Synchrony ha devuelto más de 20 mil millones de dólares a los accionistas y ha más que triplicado el valor contable tangible por acción.
La empresa ha ampliado su alcance en mejoras para el hogar, cuidado de mascotas y financiamiento de salud y bienestar a través de adquisiciones y asociaciones estratégicas. Synchrony ha invertido fuertemente en innovación, desarrollando un sistema de decisión crediticia líder en la industria y asegurando 72 patentes en EE.UU. También ha sido reconocida como un empleador destacado, ocupando el puesto en el Top 5 de las Mejores Empresas para Trabajar en EE.UU. en 2024.
Synchrony (NYSE: SYF)는 주요 미국 브랜드의 선도적인 금융 파트너로서 상장 10주년을 기념합니다. 회사는 IPO 이후 상당한 성장을 이뤘으며, 2023년 연간 구매량이 80% 증가하여 1,850억 달러에 이르고 대출 채권이 85% 넘게 증가해 1,020억 달러에 도달했습니다. Synchrony는 주주에게 200억 달러 이상을 환원했으며 주당 실질 장부 가치를 세 배 이상 증가시켰습니다.
회사는 홈 개선, 반려동물 관리 및 건강 및 웰빙 금융 분야에서 전략적 인수 및 파트너십을 통해 범위를 확장했습니다. Synchrony는 업계를 선도하는 신용 결정 시스템을 개발하고 미국에서 72개의 특허를 확보하는 데 많은 투자를 하였습니다. 또한, 2024년 미국에서 가장 일하고 싶은 회사 5위 안에 올랐으며 우수 고용주로 인정받았습니다.
Synchrony (NYSE: SYF), un partenaire financier de premier plan pour les grandes marques américaines, célèbre son 10ème anniversaire en tant qu'entreprise cotée en bourse. La société a connu une croissance significative depuis son introduction en bourse, avec un volume d'achats annuel en hausse de 80% pour atteindre 185 milliards de dollars en 2023 et des créances de prêts en hausse de plus de 85% pour atteindre 102 milliards de dollars. Synchrony a retourné plus de 20 milliards de dollars à ses actionnaires et a plus que triplé la valeur comptable tangible par action.
La société a élargi son champ d'action dans les domaines de l'amélioration de l'habitat, des soins aux animaux de compagnie et du financement de la santé et du bien-être grâce à des acquisitions et des partenariats stratégiques. Synchrony a beaucoup investi dans l'innovation, développant un système de décision de crédit de premier plan dans l'industrie et obtenant 72 brevets aux États-Unis. Elle a également été reconnue comme un meilleur employeur, se classant parmi les 5 meilleures entreprises où travailler aux États-Unis en 2024.
Synchrony (NYSE: SYF), ein führender Finanzierungspartner für große amerikanische Marken, feiert sein 10-jähriges Bestehen als börsennotiertes Unternehmen. Das Unternehmen hat seit seinem Börsengang ein signifikantes Wachstum erzielt, mit einem jährlichen Kaufvolumen, das 2023 um 80% auf 185 Milliarden Dollar gestiegen ist und Forderungen aus Darlehen, die um über 85% auf 102 Milliarden Dollar zugenommen haben. Synchrony hat über 20 Milliarden Dollar an Aktionäre zurückgegeben und den greifbaren Buchwert pro Aktie mehr als verdreifacht.
Das Unternehmen hat sein Angebot im Bereich Heimwerker, Haustierpflege und Gesundheits- und Wellnessfinanzierung durch strategische Akquisitionen und Partnerschaften erweitert. Synchrony hat stark in Innovationen investiert, ein branchenführendes Entscheidungssystem für Kredite entwickelt und 72 US-Patente gesichert. Zudem wurde es als bester Arbeitgeber ausgezeichnet und belegte 2024 einen Platz unter den Top 5 der besten Unternehmen, bei denen man in den USA arbeiten kann.
- Annual purchase volume grew 80% to $185 billion in 2023
- Loan receivables up over 85% to $102 billion
- Bank deposits more than quadrupled to over $70 billion
- Returned over $20 billion to shareholders
- Expanded reach in home improvement, pet care, and health and wellness financing through acquisitions and partnerships
- Developed industry-leading credit decisioning system, PRISM
- Secured 72 U.S. patents and filed 117 additional patent applications
- Recognized as a Top 5 Best Company to Work For in 2024 in the U.S.
- None.
Strong Business Results, Top Global Employer Recognition, and Leading Portfolio of Partner Brands Reflect Synchrony's Central Role in Driving Economic Growth a Decade After IPO
Celebrates with Additional
Synchrony serves tens of millions of customers in
"This is a story nearly 100 years in the making. Becoming a standalone public company ten years ago allowed us to invest in growth for the long-term," said Brian Doubles, president and CEO of Synchrony. "From our products to our partnerships, every decision we've made comes from the understanding that with access to the right financing, people and American businesses thrive."
As an employee-recognized top employer, Synchrony continues to support its people and communities inside and outside of the workplace. In celebration of the 10-year milestone, Synchrony is giving 100 employees the chance to donate a
During the past 10 years, the company has achieved key milestones:
KEY FINANCIAL HIGHLIGHTS SINCE IPO
- Annual purchase volume grew
80% to$185 billion - Loan receivables up over
85% to$102 billion - Bank deposits more than quadrupled to over
$70 billion - Returned over
$20 billion
INCREASING ACCESS TO CONSUMER FINANCING TO SUPPORT CARDHOLDERS AND BUSINESSES
- Created and extended world-class partner programs with hundreds of thousands of merchants and providers.
- Expanded the company's reach and scale in home improvement, pet care and health and wellness financing with acquisition of Ally Lending and a strategic partnership with Independence Pet Holdings while finding new ways to get more Americans financed through Allegro Credit acquisition and other partnerships.
- Working with a bank regulator on a public-private partnership (Project REACh) to provide a path for many credit-challenged Americans to obtain their first credit card.
BOLSTERING INNOVATION TO DELIVER RESULTS
- Developed industry-leading credit decisioning system, PRISM, and a large network of proprietary and partner data that allow us to assess creditworthiness beyond the credit score and responsibly finance people who might be overlooked by traditional banks and fintech lenders.
- Invested more than
$5 billion - Secured 72 U.S. patents and filed 117 additional patent applications to drive seamless customer experiences in areas such as machine learning, frictionless payments and data analytics.
- Committed
$100 million U.S. and position them as leading Fortune 500 suppliers. Committed$45 million
A GREAT PLACE TO DO GREAT WORK
- Recognized by Fortune and Great Place to Work® as a Top 5 Best Company to Work For in 2024 in the
U.S. , and ranked #1 on the Philippines Best Large Workplaces 2024 list and #2 onIndia's Best Companies to Work For 2024 list. - Pioneered a people-centric culture within the financial services industry, offering hybrid work options, purposeful connections and robust total well-being and progressive benefits.
- Synchrony's commitment to promoting equity and inclusion is unwavering. In the most recent Great Place to Work employee survey,
95% of Synchrony employees globally say that Synchrony is a great place to work and94% say they are treated as a full member regardless of role, with the employee experience consistent across gender and race and across hourly employees and caregivers.
SUPPORTING OUR COMMUNITIES
- More than
$70 million - Employee volunteer hours totaled 120,000 through 2023; employee matched contributions totaled approximately
$25 million - More than
$19 million - Recognized by JUST Capital in America's Most JUST Companies and PEOPLE's Companies that Care lists.
To explore the many ways Synchrony is making a positive impact, visit the Synchrony Newsroom here.
About Synchrony
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.
Media Contact
Synchrony
Lisa.Lanspery@syf.com
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SOURCE Synchrony
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