---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000268"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:00:51.868290+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Synchrony Financial July 2024 credit metrics: 30+ delinquency 4.6%, net charge-off 6.2%, both up YoY

## Summary
- Period-end loan receivables $102.7B at July 31, 2024, up from $96.3B a year earlier.
- 30+ delinquency rate rose to 4.6% from 4.0% in July 2023, driven by moderation in customer payment rates.
- Net charge-off rate (annualized) increased to 6.2% from 4.7% a year ago.
- Adjusted net charge-off rate, which smooths recovery timing, was 6.3% vs. 4.7% in July 2023.
- Credit card loan receivables (approx. 92% of total) had charge-off cycle dates varying by month.

## SEC filing metadata
- accession: 0001601712-24-000268
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000268/0001601712-24-000268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000268/syf-20240815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000268
- JSON: https://secwatch.observer/filing/0001601712-24-000268.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000268.txt

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