Synchrony Bank

For information concerning Synchrony Bank, a subsidiary of Synchrony Bank, please see the Synchrony Bank page here.

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Synchrony Bank Locations

Deposit Rates - February 28, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27314
Date Established 1988
Assets $ 85.13 billion
Loans $ 61.06 billion
Deposits $ 66.48 billion
Capital $ 9.67 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 10.57 billion
Interest-bearing balances $ 10.31 billion
Total securities $ 10.10 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 61.06 billion
Loan loss allowance $ 9.44 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 947.00 million
All other assets $ 2.44 billion
     Total Assets $ 75.47 billion

LIABILITIES
Total deposits $ 66.48 billion
      Interest-bearing deposits $ 66.18 billion
      Deposits held in domestic offices $ 66.48 billion
      % insured (estimated) 88.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.89 billion
Subordinated debt N.A.
All other liabilities $ 4.09 billionn
      Total Liabilities $ 75.47 billion
      Shareholders’ Equity $ 9.67 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 8.39 billion
Total Interest Expense $ 1,041.00 million
Net interest income $ 7.35 billion
Provision for loan and lease losses $ 4.06 billion
Total non interest income $ 633.00 million
Total non interest expense $ 2.98 billion
Pre-tax Net Operating Income $ 947.00 million

Synchrony Bank is an FDIC insured institution headquartered at 170 West Election Road, Suite 125, Draper, UT 84020.
It was founded in 1988 and has approximately $85 billion in assets. Customers can open an account at one of its 5 branches.