secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001601712-24-000247
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000247/0001601712-24-000247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000247/syf-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000247

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