Synchrony Bank: how it compares with its peers
Against 27 U.S. banks with half to twice its assets, Synchrony Bank's strongest measure in Q2 2026 is net interest margin (12.91% vs. a 3.31% peer median). Its weakest relative measure is assets per employee ($11.9M vs. $16.3M).
| Measure | Synchrony Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.84% | 1.25% | Top third Ahead of 96% of peers |
| Net interest margin Annualized net interest income over earning assets. | 12.91% | 3.31% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 36.71% | 54.06% | Top third Ahead of 81% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.9M | $16.3M | Middle third Ahead of 40% of peers |
| Loans to deposits Net loans and leases over total deposits. | 103.18% | 82.66% | Context |
What it means for lending operations
Its efficiency ratio of 36.71% is better than the 54.06% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- USAA Federal Savings Bank Phoenix, AZ · $106.19B
- UBS Bank USA, National Association Salt Lake City, UT · $124.44B
- Santander Bank, N.A. Wilmington, DE · $103.96B
- Pinnacle Bank Nashville, TN · $128.79B
- City National Bank Los Angeles, CA · $99.10B
- Western Alliance Bank Phoenix, AZ · $98.57B
Questions about Synchrony Bank
How big is Synchrony Bank?
Synchrony Bank, established in 1988, is headquartered in Draper, UT. It reported $115.22B in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Synchrony Bank's return on assets?
2.84% annualized in Q2 2026, against a 1.25% median for 27 U.S. banks with half to twice its assets, ahead of 96% of them.
What is Synchrony Bank's efficiency ratio?
36.71% in Q2 2026: it spent about 37 cents in noninterest expense for each dollar of revenue. The peer median is 54.06%, and lower is better.
Is Synchrony Bank growing its loans?
Net loans grew 3.3% over the year to Q2 2026, while deposits grew 1.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.