EVP, Chief Financial Officer, Synchrony Financial
Verified interview transcripts, podcast appearances, and direct quotes from Brian Wenzel, EVP, Chief Financial Officer at Synchrony Financial. AI-verified speaker identity with full-text searchable transcripts.
“we're not tied to the 1.6 billion dollars that that's where we view it today. you know we're going to go through our our capital planning process here in the first quarter and get our capital plan approved by the board in march submitted in april and and then hopefully we'll we'll come back to you in in the second quar...”
“we are continuing to be honest with you engage with dialogues with our stakeholders about a form of permanent capital relief because we obviously believe that when you look at our tier one plus reserves at 27 um that is very high uh you know where we are and that we believe that there should be credit whether it sits i...”
“we're not tied to the 1.6 billion dollars that that's where we view it today. you know we're going to go through our our capital planning process here in the first quarter and get our capital plan approved by the board in march submitted in april and and then hopefully we'll we'll come back to you in in the second quar...”
“we are continuing to be honest with you engage with dialogues with our stakeholders about a form of permanent capital relief because we obviously believe that when you look at our tier one plus reserves at 27 um that is very high uh you know where we are and that we believe that there should be credit whether it sits i...”
“The initial impact on the allowance for loan losses from the adoption of CECL on January 1st was an increase of approximately three billion dollars or 54 percent of the year-end balance, in line with our expectations. The reduction to retained earnings from the after-tax impact is approximately two point three billion...”
“Our outlook for receivable growth is in the 5% to 7% range. As Margaret noted, we have new programs such as Venmo and Verizon that we'll be launching throughout the year. As a result, we expect receivables growth to accelerate in the second half of the year. We expect the purchase volume will run at a rate of two to th...”
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