---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-23-000199"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:03:22.940481+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q2 net earnings fall 29% to $569M, provision up 91%; credit normalizing

## Summary
- Diluted EPS $1.32 vs $1.60 YoY; net earnings $569M down from $804M.
- Loan receivables $94.8B (+15% YoY); purchase volume flat at $47.3B.
- Provision for credit losses $1.38B (+91% YoY) on higher net charge-offs and reserve build.
- Net charge-offs 4.75% (up from 2.73%); 30+ day delinquencies 3.84% (up from 2.74%).
- Returned $399M to shareholders; new $1B repurchase authorization through June 2024; dividend raised 9%.

## SEC filing metadata
- accession: 0001601712-23-000199
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171223000199/0001601712-23-000199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171223000199/syf-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-23-000199
- JSON: https://secwatch.observer/filing/0001601712-23-000199.json
- Plain text: https://secwatch.observer/filing/0001601712-23-000199.txt

## Key facts
- Earnings Releases
  Synchrony Financial reported second quarter 2023 results: net income $569 million, EPS $1.32 per diluted share.
  - Period: second quarter 2023
  - Net income: $569 million
  - EPS: $1.32 per diluted share
  - Result: reported results
  source text: SECOND QUARTER 2023 RESULTS AND KEY METRICS 2.1% Return on Assets 12.3% CET1 Ratio $399M Capital Returned CEO COMMENTARY
  evidence_url: https://www.sec.gov/Archives/edgar/data/1601712/000160171223000199/0001601712-23-000199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.