Synchrony backs FY25 revenue view $15.2B-$15.7B, consensus $15.3B

Sees FY25 net charge-offs 5.8%-6%. Sees FY25 period-end loan receivables up low single digits. Sees FY25 efficiency ratio 31.5%-32.5%. Says purchase volume growth reflects the impact of credit actions and selective consumer behavior. Says payment rate generally in-line with 2024. Says customers have remained stable. Says credit trends continue to outperform the industry. Says credit rending better than expected. Comments and guidance taken from Q1 earnings conference call.