---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000161"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:38:22.239479+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Synchrony Financial March 2024 credit metrics worsen; 30+ delinquency rises to 4.7%, net charge-offs to 6.6%

## Summary
- Period-end loans at $101.7B as of Mar 31, 2024, up from $91.1B a year ago.
- 30+ delinquency rate was 4.7% at Mar 31, 2024 vs 3.8% at Mar 31, 2023.
- Net charge-off rate for Mar 2024 was 6.6% (annualized), up from 4.5% in Mar 2023.
- Adjusted net charge-off rate (non-GAAP) was 6.4% for Mar 2024 vs 4.5% a year ago.
- Company attributes increases to continued moderation in customer payment rates.

## SEC filing metadata
- accession: 0001601712-24-000161
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000161/0001601712-24-000161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000161/syf-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000161
- JSON: https://secwatch.observer/filing/0001601712-24-000161.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000161.txt

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