---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000176"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:06:32.167607+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Synchrony reports April 2024 credit stats: 30+ delinquency 4.6%, net charge-off 6.7%, both up YoY

## Summary
- 30+ delinquency rate 4.6% at Apr 30, 2024, up from 3.7% a year ago, reflecting continued moderation in payment rates.
- Net charge-off rate (annualized) 6.7% for April 2024 vs 4.6% in April 2023; adjusted net charge-off rate 6.7%.
- Period-end loan receivables $101.6B, up from $92.1B in April 2023; average loan receivables $101.1B.
- Company attributes year-over-year increases to persistent slowdown in customer payment rates.

## SEC filing metadata
- accession: 0001601712-24-000176
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000176/0001601712-24-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000176/syf-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000176
- JSON: https://secwatch.observer/filing/0001601712-24-000176.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000176.txt

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