---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000308"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:54:36.243587+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Synchrony August charge-off rate 5.6% (4.6% YoY); 30+ delinquency 4.6% (4.1% YoY)

## Summary
- Period-end loan receivables $102.5B at Aug 31, 2024, up from $97.3B a year earlier.
- 30+ day delinquency rate 4.6% vs 4.1% in Aug 2023, reflecting moderation in customer payment rates.
- Net charge-off rate 5.6% (annualized), up from 4.6% YoY; adjusted net charge-off rate 5.7%.
- Net charge-offs decreased from July 2024 primarily due to four fewer charge-off cycles.
- Company continues to furnish these statistics monthly; next update with Q3 earnings.

## SEC filing metadata
- accession: 0001601712-24-000308
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000308/0001601712-24-000308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000308/syf-20240909.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000308
- JSON: https://secwatch.observer/filing/0001601712-24-000308.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000308.txt

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