Synchrony sees FY23 loan receivables growth at least 10%

Sees FY23 net interest margin 15%-15.15%. Sees FY23 net charge-offs 4.75%-4.9%. Sees FY23 RSA/ average loan receivables 3.95%-4.1%. Sees FY23 operating expenses $1.15B. Says expects second half net interest margin in line with first half. Says delinquencies expected to reach pre-pandemic levels during second half. Says expects payment rate moderation to continue, but remain above pre-pandemic levels through year-end. Comments and guidance taken from Q2 earnings conference call.