secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001601712-24-000333
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Q3 net earnings $789M, +26% YoY; EPS $1.94 vs $1.48
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- Diluted EPS of $1.94, up 31% YoY from $1.48; net earnings $789M (+26%).
- Loan receivables grew 4% to $102.2B; purchase volume fell 4% to $45.0B.
- Net charge-offs rose to 6.06% of avg loans (4.60% Q3 2023); allowance coverage 10.79%.
- Net interest margin narrowed 32bps to 15.04%; CET1 ratio improved to 13.1%.
- Returned $399M to shareholders: $300M buybacks + $99M dividends; remaining $700M authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000333/0001601712-24-000333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171224000333/syf-20241016.htm
  HTML page:      https://secwatch.observer/filing/0001601712-24-000333

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer