Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 Synchrony’s balance sheet shows steady growth in scale with total assets rising from $95,748m to $119,463m (≈+24.8% cumulative). Liabilities increased in almost lock‑step, from $82,093m to $102,883m (≈+25.3%), indicating that most asset growth was financed through additional borrowing or other liabilities. Stockholders’ equity moved from $13,655m to $16,580m (≈+21.4%), but the path was uneven: equity fell in 2022 (−5.7%) even as assets grew, recovered in 2023 (+8.0%), and then jumped strongly in 2024 (+19.3%). Year‑to‑year changes: 2021→22 assets +9.2% / liabilities +11.7% / equity −5.7%; 2022→23 assets +12.4% / liabilities +13.0% / equity +8.0%; 2023→24 assets +1.7% / liabilities −0.7% / equity +19.3%. The equity‑to‑assets (capitalization) profile declined from ~14.3% in 2021 to ~11.8% in 2023 before rebounding to ~13.9% in 2024, so leverage rose through 2022–23 and eased in 2024. This pattern is consistent with a consumer‑finance/credit‑card lender growing its loan book funded by borrowings and securitizations; the 2022 drop in equity could reflect lower retained earnings, higher provisions or shareholder distributions, while the 2024 equity gain suggests stronger profitability, a capital raise, or reduced payouts. Note the 2025 row contains zeros (no reported data) and should be treated as missing. For a fuller view, review income‑statement drivers (net income, provisions, buybacks/dividends, and capital transactions) and funding mix details to confirm the causes of the 2022 dip and 2024 rebound in equity.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.