secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001601712-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000023/0001601712-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000023/syf-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000023

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