---
schema_version: "secwatch.filing_event.v1"
accession: "0001601712-26-000003"
form_type: "8-K"
ticker: "SYF"
cik: "0001601712"
company_name: "Synchrony Financial"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:31:51.324439+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Synchrony Q4 net earnings $751M ($2.04 EPS); credit quality improves, capital returns $1.1B

## Summary
- Net earnings down 3% YoY to $751M; diluted EPS up 6.8% to $2.04 on lower share count.
- Net charge-offs improved 108 bps to 5.37%; 30+ day delinquencies down 21 bps to 4.49%.
- Purchase volume up 3% to $49.5B; loan receivables down 1% to $103.8B.
- Returned $1.1B to shareholders ($952M buybacks, $106M dividends); $1.2B remaining authorization.
- Efficiency ratio rose 360 bps to 36.9% on $67M restructuring charge for early retirement program.

## SEC filing metadata
- accession: 0001601712-26-000003
- form_type: 8-K
- ticker: SYF
- cik: 0001601712
- company_name: Synchrony Financial
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1601712/000160171226000003/0001601712-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601712/000160171226000003/syf-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601712-26-000003
- JSON: https://secwatch.observer/filing/0001601712-26-000003.json
- Plain text: https://secwatch.observer/filing/0001601712-26-000003.txt

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