---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-25-000042"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:21:56.253757+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Synchrony Dec net charge-off rate rises to 6.9% (adj. 6.7%) from 5.7% YoY; delinquency flat 4.7%

## Summary
- Period-end loan receivables $104.7B at Dec 31, 2024, up from $103.0B a year earlier.
- 30+ day delinquency rate unchanged at 4.7% YoY, reflecting impact of credit actions.
- Net charge-off rate of 6.9% (annualized) for Dec 2024, compared to 5.7% in Dec 2023.
- Adjusted net charge-off rate increased to 6.7% from 5.6% YoY.
- Higher charge-offs driven by moderation in customer payment rates and four additional charge-off cycles in December.

## SEC filing metadata
- accession: 0001601712-25-000042
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171225000042/0001601712-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171225000042/syf-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-25-000042
- JSON: https://secwatch.observer/filing/0001601712-25-000042.json
- Plain text: https://secwatch.observer/filing/0001601712-25-000042.txt

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