secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001601712-25-000042
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171225000042/0001601712-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171225000042/syf-20250128.htm
  HTML page:      https://secwatch.observer/filing/0001601712-25-000042

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