secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001601712-23-000271
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Q3 net earnings $628M, EPS $1.48; loan receivables up 14%
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- Net earnings $628M, down 10.7% YoY; diluted EPS $1.48 vs $1.47 YoY, flat due to share repurchases.
- Loan receivables grew 14% to $97.9B; purchase volume up 5% to $47.0B.
- Net charge-offs rose to 4.60% from 3.00% YoY; provision for credit losses up 60% to $1.49B.
- CET1 ratio 12.4%, down from 14.3% YoY; returned $254M capital including $150M buybacks.
- Efficiency ratio improved to 33.2% from 36.5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171223000271/0001601712-23-000271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171223000271/syf-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001601712-23-000271

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