secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001601712-25-000229
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Financial June credit metrics improve; delinquencies at 4.2%, net charge-offs at 5.8%
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- Period-end loan receivables $99.8B at June 30, 2025, down 2.4% YoY from $102.3B.
- 30+ delinquency rate improved to 4.2% from 4.5% in June 2024.
- Net charge-off rate (annualized) was 5.8% in June 2025 vs 6.1% a year ago.
- Adjusted net charge-off rate (non-GAAP) was 5.7% vs 6.1% YoY.
- Loan receivables held for sale of $0.2B recorded at June 30, 2025 (none prior month).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171225000229/0001601712-25-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171225000229/syf-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001601712-25-000229

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