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:  0001601712-24-000248
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Financial June 2024 credit stats: charge-off 6.1%, delinquency 4.5%
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- 30+ day delinquency rate 4.5% at June 30, 2024, up from 3.8% a year earlier.
- Net charge-off rate (annualized) for June 2024 was 6.1%, versus 4.7% in June 2023.
- Adjusted net charge-off rate was 6.1%, reflecting continued moderation in customer payment rates.
- Period-end loan receivables $102.3B at June 30, 2024, up from $94.8B a year ago.
- Company will continue furnishing monthly stats; quarterly stats released with earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000248/0001601712-24-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000248/syf-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000248

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