=Synchrony Financial (SYF) reported earnings on Fri 28 Apr 2017 (b/o)

Synchrony Financial misses by $0.12 :

• Reports Q1 (Mar) earnings of $0.61 per share, $0.12 worse than the Capital IQ Consensus of $0.73.
• Net interest income increased $378 million, or 12%, to $3.6 billion, primarily driven by strong loan receivables growth. Net interest income after retailer share arrangements increased 14%.
• Provision for loan losses increased $403 million to $1,306 million due primarily to higher loan loss reserve build and loan receivables growth.