---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000159"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:38:25.275748+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q1 GAAP EPS $3.14, adj EPS $1.18; loan rec up 12%; net charge-offs 6.31%

## Summary
- GAAP net earnings $1.3B ($3.14 diluted EPS); adjusted net earnings $491M ($1.18) excl Pets Best gain.
- Loan receivables $101.7B (+12% YoY); purchase volume $42.4B (+2%); net interest income $4.4B (+9%).
- Net charge-off rate 6.31% vs 4.49% YoY; 30+ day delinquencies 4.74%; allowance coverage 10.72%.
- Returned $402M capital ($300M buybacks, $102M dividends); Board approved $1B incremental buyback auth.
- Completed Pets Best sale ($1.1B pretax gain) and Ally Lending acquisition ($190M reserve build).

## SEC filing metadata
- accession: 0001601712-24-000159
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1601712/000160171224000159/0001601712-24-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000159/syf-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000159
- JSON: https://secwatch.observer/filing/0001601712-24-000159.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000159.txt

## Key facts
- Earnings Releases
  Synchrony Financial reported first quarter 2024 results: net income $1.3 billion, EPS $3.14 per diluted share.
  - Period: first quarter 2024
  - Net income: $1.3 billion
  - EPS: $3.14 per diluted share
  - Result: reported results
  source text: Synchrony Financial (NYSE: SYF) today announced first quarter 2024 net earnings of $1.3 billion, or $3.14 per diluted share, compared to $601 million, or $1.35 per diluted share in the first quarter 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000159/0001601712-24-000159-index.htm

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