---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-24-000334"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:43:28.922453+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Synchrony reports Sep 2024 charge-off rate 6.4%, up from 4.5% a year ago; 30+ delinquency rate rises to 4.8%

## Summary
- 30+ delinquency rate reached 4.8% at Sep 30, 2024, up from 4.4% at Sep 30, 2023.
- Net charge-off rate (annualized) for Sep 2024 was 6.4%, versus 4.5% a year earlier.
- Adjusted net charge-off rate for Sep 2024 was 6.2%, compared to 4.4% in Sep 2023.
- Period-end loan receivables grew to $102.2B from $97.9B a year ago; average receivables $102.1B.
- Company attributes deterioration to moderation in customer payment rates.

## SEC filing metadata
- accession: 0001601712-24-000334
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000334/0001601712-24-000334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171224000334/syf-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-24-000334
- JSON: https://secwatch.observer/filing/0001601712-24-000334.json
- Plain text: https://secwatch.observer/filing/0001601712-24-000334.txt

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