secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001601712-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Q4 net earnings $577M ($1.26 EPS) vs $813M; provision charge jumps 114%
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- Net interest income rose 7.2% to $4.1B; purchase volume hit record $47.9B, up 2%.
- Provision for credit losses surged to $1.2B from $561M YoY; net charge-offs 3.48% vs 2.37%.
- Loan receivables grew 15% to $92.5B; CET1 ratio declined to 12.8% from 15.6%.
- Returned $803M capital including $700M buybacks; remaining authorization $700M.
- Added or renewed 25+ programs including Lowe's; launched BNPL with Belk and Discount Tire.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171223000023/0001601712-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171223000023/syf-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001601712-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer