secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001601712-24-000176
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000176/0001601712-24-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000176/syf-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000176

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