secwatch.observer — SEC 8-K summary
======================================

Issuer:     Synchrony Financial (SYF)
CIK:        0001601712
Form:       8-K
Filed at:   2026-10-20T10:03:07+00:00
Accession:  0001601712-26-000041
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Synchrony September net charge-off rate falls to 4.7% from 5.3% YoY; delinquency 4.3%
--------------------------------------------------------------------------------

- Period-end loan receivables rose to $103.3B at Sep 30, 2026 from $100.2B a year earlier; average receivables were $102.7B vs $100.1B.
- 30+ day delinquency rate was 4.3% at Sep 30, 2026, versus 4.4% at Sep 30, 2025 and 4.2% at Aug 31, 2026.
- Net charge-off rate was 4.7% in Sep 2026, down from 5.3% in Sep 2025; adjusted net charge-off rate was 4.6% vs 5.1%.
- Recovery adjustment was -0.1% in Sep 2026; Synchrony notes charge-offs can vary with 25-30 cycle dates per month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601712/000160171226000041/0001601712-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601712/000160171226000041/syf-20261020.htm
  HTML page:      https://secwatch.observer/filing/0001601712-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer