---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000247"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:14:10.143882+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q2 net earnings $643M, EPS $1.55; loan receivables up 8% to $102.3B; charge-offs rise 167bps

## Summary
- Net earnings $643M, EPS $1.55 diluted, vs $569M and $1.32 in Q2 2023; net revenue up 12.7%.
- Loan receivables $102.3B (+8% YoY); purchase volume down 1% to $46.8B; average active accounts up 2%.
- Net charge-offs 6.42% of avg loans, up 167bps from 4.75%; 30+ day delinquencies 4.47% vs 3.84%.
- Efficiency ratio improved to 31.7% from 35.5%; CET1 ratio 12.6% (vs 12.8% prior year).
- Returned $400M capital via $300M buybacks and $100M dividends; dividend unchanged at $0.25.

## SEC filing metadata
- accession: 0001601712-24-000247
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-07-17T23:59:59+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/1601712/000160171224000247/0001601712-24-000247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000247/syf-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000247
- JSON: https://secwatch.observer/filing/0001601712-24-000247.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000247.txt

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