Synchrony Bank

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Deposit Rates - July 6, 2022

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27314
Date Established 1988
Assets $ 86.06 billion
Loans $ 69.95 billion
Deposits $ 65.11 billion
Capital $ 11.68 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 7.14 billion
Interest-bearing balances $ 6.71 billion
Total securities $ 5.46 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 69.95 billion
Loan loss allowance $ 8.19 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 939.00 million
All other assets $ 2.58 billion
     Total Assets $ 74.39 billion

LIABILITIES
Total deposits $ 65.11 billion
      Interest-bearing deposits $ 64.75 billion
      Deposits held in domestic offices $ 65.11 billion
      % insured (estimated) 87.92%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.15 billion
Subordinated debt N.A.
All other liabilities $ 5.13 billionn
      Total Liabilities $ 74.39 billion
      Shareholders’ Equity $ 11.68 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 9.73 billion
Total Interest Expense $ 708.00 million
Net interest income $ 9.02 billion
Provision for loan and lease losses $ 740.00 million
Total non interest income $ 700.00 million
Total non interest expense $ 3.81 billion
Pre-tax Net Operating Income $ 5.17 billion

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 $86 billion in assets. Customers can open an account at one of its 5 branches.

Customer Reviews for Synchrony Bank (2)

Rated 3.00 stars out of 5 - based on 2 reviews
  • Couldn't disagree more, Synchrony customer service has done a fine job for me , I have no complaints.

  • Just the worst customer service imaginable. Choose any other bank from this list and you will be happier.


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