---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000023"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:02:48.397406+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q4 net earnings $440M ($1.03 EPS) down 24% YoY; loan receivables up 11% to $103B

## Summary
- Net earnings $440M ($1.03 diluted EPS) vs $577M ($1.26) in Q4 2022, down 24%.
- Provision for credit losses surged 50% to $1.8B; net charge-off rate 5.58% (up 210 bps YoY).
- Loan receivables grew 11% to $103.0B; purchase volume up 3% to $49.3B.
- Returned $353M to shareholders ($250M buybacks, $103M dividends); CET1 ratio 12.2%.
- Deposits up 13% to $81.2B; announced acquisition of Ally Lending’s POS business.

## SEC filing metadata
- accession: 0001601712-24-000023
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000023/0001601712-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000023/syf-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000023
- JSON: https://secwatch.observer/filing/0001601712-24-000023.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000023.txt

## Key facts
- Earnings Releases
  Synchrony Financial reported fourth quarter 2023 results: net income $440 million, EPS $1.03 per diluted share.
  - Period: fourth quarter 2023
  - Net income: $440 million
  - EPS: $1.03 per diluted share
  - Result: reported results
  source text: Synchrony Financial (the “Company”) issued a press release setting forth the Company’s fourth quarter 2023 earnings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000023/0001601712-24-000023-index.htm

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