secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2026-10-20T10:00:51+00:00
Accession:  0001601712-26-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Synchrony Q3 net earnings fall 17% to $892M; EPS $2.68 vs $2.86, purchase volume up 8%
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- Net earnings $892M, or $2.68 diluted EPS, down from $1.1B/$2.86 in Q3 2025; net interest income rose 2% to $4.8B.
- Purchase volume rose 8% to $49.7B; loan receivables grew 3% to $103.3B; average active accounts flat at 68.3M.
- Provision for credit losses $1.3B, up 10%, on a $30M reserve build vs a $152M release a year earlier; net charge-offs 4.79% vs 5.16%.
- CET1 ratio 12.9% vs 14.3%; returned $1.2B capital, including $1.1B buybacks and $110M dividends; remaining repurchase authorization ~$4.6B.
- Declared quarterly dividend $0.34/share vs $0.30, up 13%; added or renewed 10 partners including La-Z-Boy and Fender; announced OpenAI and Stripe integrations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171226000040/0001601712-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171226000040/syf-20261020.htm
  HTML page:      https://secwatch.observer/filing/0001601712-26-000040

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