Synchrony Bank
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Data as of · sourced from FFIEC call reports. How we update
Synchrony Bank is an FDIC-insured savings institution headquartered in Draper, UT, established in 1988 (FDIC certificate 27314), and it is supervised by the OCC. At Q2 2026 it reported total assets of $115.22B, up 1.2% from Q2 2025, the 5th largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 14.35% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 27314
- Headquarters
- Draper, UT
- Established
- 1988
- Total assets, Q2 2026
- $115.22B
- Assets vs Q2 2025
- +1.2%
- CET1 ratio, Q2 2026
- 14.35%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124085008
- Holding company
- SYNCHRONY FINANCIAL
- Asset rank in state
- 5th of 44 in Utah
Synchrony Bank is the 30th-largest bank in the United States, with $115.2 billion in assets at June 30, 2026, up 1.2% from a year earlier. It is headquartered in Draper, Utah. It spends about 38 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 14 banks with $100 billion to $250 billion in assets (median 55 cents). On the other hand, it pays an average of 3.87% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.26%).
Credit is the area to watch: it carries problem assets equal to 8.3% of the capital and reserves that would absorb them, higher than about 9 in 10 banks its size (median 5.2%).
As of June 30, 2026, Synchrony Bank reported a CET1 capital ratio of 14.35%, a return on assets of 3.07%, a nonperforming-loan ratio of 2.04% and a Texas ratio of 8.28%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Synchrony Bank is the 5th largest of the 44 banks headquartered in Utah. Between Q1 2026 and Q2 2026, its total assets rose 0.3% to $115.22B, loans rose 2.2% and deposits rose 0.2%. Its loan book on June 30, 2026 was led by credit card loans, at 91.9% of total loans, followed by other consumer loans at 5.3%. Its 2 offices in the FDIC Summary of Deposits are in Draper, UT and Lake Mary, FL; its Draper office books 100% of its branch deposits. On its Q2 2026 call report, Synchrony Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 170 W Election Rd, Draper, UT 84020
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 031
- Established
- August 1, 1988
- Former names
- GE Capital Retail Bank (2011-2014); GE Money Bank (2005-2011); GE Capital Consumer Card Co. (2003-2005); GE Capital Consumer Card Company (1993-2003)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 9,671
- Domestic deposits
- $85.97B
- Allowance for credit losses
- $10.06B
- Net charge-offs (YTD)
- $2.65B
- Average total assets
- $114.62B
- Average total loans
- $97.26B
- Average interest-bearing deposits
- $85.14B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 1, 1988
- FDIC Cert
- 27314
- Fed RSSD
- 1216022
- SEC CIK
- 1601712 → filed by SYNCHRONY FINANCIAL
- Website
- www.synchronybank.com →
- Parent Holding Company
- SYNCHRONY FINANCIAL (RSSD 4504654) · SYF
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Synchrony Bank's total assets moved between a low of $105.28B (Q3 2023) and a high of $115.22B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$115.22B total assets against $113.90B; $100.36B total liabilities against $99.27B.
$88.70B net loans and leases against $85.86B; $85.97B total deposits against $84.80B.
$5.41B securities against $4.09B; $15.51B cash and balances due against $18.31B.
$4.40B total interest income against $4.41B; $915.0M total interest expense against $1.01B.
$3.49B net interest income against $3.40B.
$172.0M total noninterest income against $194.0M; $1.35B total noninterest expense against $1.27B.
$1.17B provision for credit losses against $1.13B.
$879.0M net income against $922.0M.
3.07% return on assets against 3.25%; 11.75% net interest margin against 11.52%.
14.35% CET1 capital ratio against 14.29%; 12.56% tier 1 leverage ratio against 12.29%.
Inside the full Synchrony Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Synchrony Bank rankings
Its closest position to the top of a national ranking is 30 of 4,196, for total assets; its furthest is 922 of 980, for uninsured deposits.
Metric pages for Synchrony Bank: ROA, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 2.17% (Q1 2025) to 3.61% (Q3 2025) and its net interest margin ran from 11.52% (Q2 2025) to 12.36% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.35% | 3.07% | 2.04% | 8.28% | 11.75% |
| Q1 2026 | 14.22% | 2.62% | 2.32% | 9.35% | 11.88% |
| Q4 2025 | 13.70% | 2.55% | 2.20% | 9.23% | 12.32% |
| Q3 2025 | 14.33% | 3.61% | 2.16% | 8.69% | 12.36% |
| Q2 2025 | 14.29% | 3.25% | 2.10% | 8.36% | 11.52% |
| Q1 2025 | 14.01% | 2.17% | 2.34% | 9.31% | 11.67% |
| Q4 2024 | 13.74% | 2.32% | 2.44% | 10.37% | 12.10% |
| Q3 2024 | 13.75% | 2.57% | 2.38% | 9.92% | 12.10% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Synchrony Bank (main office) | Draper , UT | 84020 | $85.97B |
| Www.Synchronybank.Com, Www.Paypal.ComUsDigital-WalletManage-MoneyStart-Saving Branch | Lake Mary , FL | 32746 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 12, 2013 | Structure Change | Acquired Metlife Bank, N.A. Sale of Assets for the acquired bank | FFIEC NIC |
| January 31, 2006 | Structure Change | Acquired Belk National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 7, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 7, 2005 | Structure Change | Acquired Monogram Credit Card Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 25, 2003 | Structure Change | Acquired Mill Creek Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 7.0% of deposits in UT, rank 6 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Synchrony Bank
What are Synchrony Bank's total assets?
As of the Q2 2026 filing, Synchrony Bank reported total assets of $115.22 billion in its FFIEC call report.
Where is Synchrony Bank headquartered?
It is headquartered in Draper, UT, United States.
When was Synchrony Bank founded?
It was established in 1988, per the FDIC institution directory.
Is Synchrony Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #27314). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Synchrony Bank?
Synchrony Bank's primary federal regulator is the OCC.
What is Synchrony Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.35% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Synchrony Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Synchrony Bank's Texas Ratio?
Its Texas Ratio is 8.28% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Synchrony Bank previously called?
The charter now named Synchrony Bank has also operated as GE Capital Retail Bank (2011-2014), GE Money Bank (2005-2011), GE Capital Consumer Card Co. (2003-2005), GE Capital Consumer Card Company (1993-2003), per FDIC structure-change records.
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