---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-25-000138"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:18:14.900329+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q1 net earnings $757M ($1.89 EPS); board raises dividend 20%, authorizes $2.5B buyback

## Summary
- Net earnings $757M ($1.89 diluted EPS) vs $1.3B ($3.14) last year; adjusted EPS up 54% vs $1.18 prior (ex-Pets Best).
- Board raised quarterly dividend 20% to $0.30 per share; authorized $2.5B share repurchase through June 2026.
- Purchase volume down 4% to $40.7B; loan receivables down 2% to $99.6B; net interest margin up 19 bps to 14.74%.
- Credit quality: 30+ days past due improved to 4.52% (down 22 bps); net charge-offs 6.38% (up 7 bps).
- Fitch upgraded Synchrony's long-term IDR to 'BBB' with stable outlook.

## SEC filing metadata
- accession: 0001601712-25-000138
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601712/000160171225000138/0001601712-25-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171225000138/syf-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-25-000138
- JSON: https://secwatch.observer/filing/0001601712-25-000138.json
- Plain text: https://secwatch.observer/filing/0001601712-25-000138.txt

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