SYF · Synchrony Financial

323 filings

SYF SEC Filings

Synchrony Financial - 323 total filings

Filing record · 2016–202610-K1110-Q338-K245

Showing 1–50 of 323 filings

Synchrony Financial Quarterly Report for Q3 Ended Sep 30, 2026

Synchrony Financial (SYF) reported net earnings of $892 million for the three months ended September 30, 2026, down from $1.08 billion a year earlier, and $2.58 billion for the nine months, down from $2.80 billion. The filing attributes the decline mainly to higher other expense (up $123 million for the quarter, driven by operational losses, technology costs and marketing), a higher provision for credit losses (up $120 million for the quarter, reflecting a reserve build versus a prior-year release), and higher retailer share arrangements, partly offset by net interest income growth of $89 million for the quarter. Net interest margin was 15.50% for the quarter versus 15.62% a year earlier, and the efficiency ratio rose to 35.9% from 32.6%. Credit quality improved on most measures. Net charge-offs fell to 4.79% of average loan receivables for the quarter from 5.16%, the over-30 day delinquency rate eased to 4.34% from 4.39%, and management expects the full-year 2026 net charge-off rate to be below its 5.5% to 6.0% long-term target range. Loan receivables grew 3.2% year over year to $103.3 billion, helped by partner expansion and the April 2026 acquisition of the Lowe's commercial co-branded card portfolio ($0.7 billion). Deposits reached $83.0 billion, representing 83% of total funding sources. Capital returns remained significant. The company repurchased $2.9 billion of common stock in the first nine months of 2026, and the Board approved a quarterly dividend increase to $0.34 per share, effective in the third quarter. The remaining authorization under the new $6.5 billion, no-expiration repurchase program was $4.6 billion at quarter-end. Standardized common equity Tier 1 capital ratio declined to 12.9% from 13.5% at year-end 2025, which the filing attributes to buybacks and dividends exceeding net earnings. S&P assigns Synchrony Financial a positive outlook, and Fitch a stable outlook.

Oct 22, 2026 8-K

Synchrony Financial 8-K Report, Financial Results (Oct 20, 2026)

Synchrony Financial (NYSE: SYF) reported third quarter 2026 net earnings of $892 million, or $2.68 per diluted share, compared to $1.1 billion, or $2.86 per diluted share, in the third quarter of 2025. Net earnings decreased $185 million, or 17%, primarily reflecting higher other expense of $123 million (up 10%) and a provision for credit losses that rose $120 million (up 10%) to $1.3 billion, driven by a $30 million reserve build versus a $152 million release in the prior year. Net interest income increased $89 million, or 2%, to $4.8 billion, and retailer share arrangements rose $72 million, or 7%, to $1.1 billion. Operating activity was healthy. Purchase volume increased 8% to $49.7 billion, a third-quarter record, and loan receivables increased 3% to $103.3 billion. Credit metrics improved year over year, with net charge-offs at 4.79% of average loan receivables versus 5.16% a year earlier, and loans 30+ days past due at 4.34% versus 4.39%. Return on assets declined to 2.9% from 3.6%, and return on equity fell to 21.0% from 25.1%. The estimated Common Equity Tier 1 ratio was 12.9%, down from 14.3% a year earlier, and the company returned $1.2 billion to shareholders, including $1.1 billion of share repurchases. Management updated its full-year 2026 outlook, which the presentation (Exhibit 99.3) lists as mid-single-digit ending loan receivables growth, approximately $9.50 of EPS, and a net charge-off rate below 5.5%. The filing also notes that the company expects other expense in the fourth quarter of 2026 to be generally in line with the third quarter.

Oct 20, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Oct 20, 2026)

Synchrony Financial (SYF) furnished this Form 8-K under Item 7.01 (Regulation FD Disclosure), providing its Monthly Charge-off and Delinquency Statistics (Exhibit 99.1) for the thirteen months ended September 30, 2026. The filing states the information is furnished, not filed, and that the company intends to continue furnishing these statistics monthly, with the last month of each calendar quarter's statistics released alongside its quarterly earnings announcement. For September 30, 2026, period-end loan receivables were $103.3 billion, up from $100.2 billion at September 30, 2025. The 30+ delinquency rate was 4.3%, compared with 4.4% a year earlier. The net charge-off rate was 4.7% and the adjusted net charge-off rate was 4.6% for September 2026, versus 5.3% and 5.1% respectively in September 2025. The monthly series shows net charge-off rates peaking at 5.8% in January and February 2026 and March 2026 before easing to 4.7% in July 2026 and 4.9% in August 2026. The 30+ delinquency rate ranged from 4.2% to 4.7% over the period, with the highest reading at 4.7% in January 2026. The exhibit also notes that charge-off timing varies by cycle-date count, which can cause monthly swings unrelated to portfolio performance.

Oct 20, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Sep 14, 2026)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended August 31, 2026, under Item 7.01 (Regulation FD) of this Form 8-K, with the data presented in Exhibit 99.1. The statistics are unaudited and stated in billions of dollars. The company says it will continue furnishing these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly earnings announcement. For August 2026, period-end loan receivables were $103.0 billion, compared with $100.2 billion at August 31, 2025. The 30+ day delinquency rate was 4.2%, versus 4.3% a year earlier, and it has been 4.2% in each of May, June, July and August 2026. The net charge-off rate was 4.9% for August 2026, compared with 5.1% in August 2025. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was also 4.9% for August 2026, versus 5.3% in August 2025. The filing shows that credit metrics peaked in early 2026. The net charge-off rate reached 5.8% in both February and March 2026, and the 30+ day delinquency rate reached 4.7% in February 2026. Both metrics improved over the following months. The company notes that monthly charge-off figures can move with the number of charge-off cycle dates in a month, so single-month results may not reflect portfolio performance changes. Recovery adjustments are estimated for interim months and are allocated evenly across each quarter's three months.

Sep 14, 2026 8-K

Synchrony Financial 8-K Report, Financial Results (Aug 17, 2026)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended July 31, 2026, in Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure), filed August 17, 2026. The information is furnished, not filed, and the company states it will continue to publish these statistics monthly. For the last month of each calendar quarter, the statistics will be released alongside its quarterly financial results. For July 2026, period-end loan receivables were $102.6 billion, up from $102.2 billion at June 30, 2026 and $100.3 billion at July 31, 2025. The 30+ day delinquency rate was 4.2%, unchanged from June 2026 and from July 2025. The net charge-off rate was 4.7% in July 2026, compared with 5.3% in June 2026 and 5.1% in July 2025. The adjusted net charge-off rate, which adds a recovery adjustment of 0.2% in July, was 4.9%, versus 5.2% in June 2026 and 5.1% in July 2025. The filing notes that consumer credit card loan receivables made up greater than 90% of total period-end loan receivables at July 31, 2026. It also explains that monthly charge-off figures can move because charge-offs are executed on cycle dates that vary by month, and that recovery adjustments are estimates allocated evenly across each quarter's months and may differ from actual quarterly results.

Aug 17, 2026 8-K

Synchrony Financial 8-K Report, Corporate Update (Jul 31, 2026)

Synchrony Financial (SYF) entered into an underwriting agreement dated July 28, 2026 with J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the underwriters, to issue and sell two series of senior notes in a public offering under its Form S-3 registration statement (File No. 333-288729). The offering consists of $600,000,000 of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500,000,000 of 6.276% Fixed-to-Floating Rate Senior Notes due 2037. The notes will be issued under a base indenture dated August 11, 2014 with The Bank of New York Mellon, as trustee, as supplemented by a Twelfth Supplemental Indenture dated August 2, 2024 and a Sixteenth Supplemental Indenture dated July 31, 2026. The filing states that the summaries of these documents are qualified in their entirety by the full texts, which are filed as exhibits. An opinion of Sidley Austin LLP on the validity of the notes is also filed as Exhibit 5.1. The filing is a routine debt issuance disclosure. It does not state the use of proceeds, pricing details beyond the coupon rates and principal amounts, or any other financial results.

Jul 31, 2026 10-Q

Synchrony Financial Quarterly Report for Q2 Ended Jun 30, 2026

Synchrony Financial reported net earnings of $885 million for the three months ended June 30, 2026, down from $967 million a year earlier, and $1.69 billion for the six months, roughly flat against $1.72 billion. Diluted earnings per share rose to $2.59 for the quarter from $2.50 and to $4.85 for the six months from $4.38, reflecting the share count reduction from buybacks. Net interest income grew 1.9% in the quarter and 2.9% year to date, driven by lower interest expense, while the provision for credit losses rose $55 million in the quarter because of a smaller reserve release. Other expense increased $86 million in the quarter, primarily from higher operational losses and technology costs. Credit performance improved year over year. The net charge-off rate was 5.43% for both the three- and six-month periods, down 27 basis points and 61 basis points respectively, and the company expects its 2026 full-year net charge-off rate to be below its long-term target range of 5.5% to 6.0%. Over-30 day delinquencies were 4.16% of period-end loan receivables, compared with 4.18% a year earlier. Loan receivables totaled $102.2 billion, up 2.4% from June 30, 2025, and deposits of $82.8 billion funded 83% of total funding sources. Capital returns remained significant. The company repurchased $1.8 billion of common stock in the first half, has $5.7 billion remaining under a new $6.5 billion authorization with no expiration date, and plans to raise its quarterly common dividend to $0.34 per share from the third quarter of 2026. It also issued $500 million of 7.250% fixed-rate reset preferred stock in June 2026. The common equity Tier 1 ratio was 13.2%, down from 13.5% at December 31, 2025, mainly due to repurchases and dividends.

Jul 23, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jul 21, 2026)

Synchrony Financial furnished its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended June 30, 2026, as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure). The unaudited statistics are presented in billions of dollars. The information is furnished, not filed, so it is not subject to Section 18 liability and is not incorporated by reference into other filings unless specifically referenced. The company stated it intends to furnish these statistics monthly, with the statistics for the last month of each calendar quarter delivered alongside its quarterly financial results announcement. As of June 30, 2026, period-end loan receivables were $102.2 billion and average loan receivables, including held for sale, were $101.3 billion. The 30+ delinquency rate was 4.2% and the net charge-off rate was 5.3%. After a recovery adjustment of (0.1)%, the adjusted net charge-off rate was 5.2%. For comparison, the June 2025 figures were a 30+ delinquency rate of 4.2%, a net charge-off rate of 5.8%, and an adjusted net charge-off rate of 5.7%. Over the period, the 30+ delinquency rate peaked at 4.7% in February 2026, and the adjusted net charge-off rate ranged from 4.7% (January 2026) to 5.8% (February and March 2026). The filing explains that monthly charge-off figures can vary because charge-offs are executed on cycle dates that differ in number from month to month, with no corresponding change in portfolio performance. Consumer credit card loan receivables represent greater than 90% of total period-end loan receivables at June 30, 2026. The filing also defines the adjusted net charge-off rate as a non-GAAP measure that includes the recovery adjustment, which the company believes is useful to investors as a monthly measure more indicative of quarterly and annual net charge-off rates.

Jul 21, 2026 8-K

Synchrony Financial 8-K Report, Financial Results (Jul 21, 2026)

Synchrony Financial (NYSE: SYF) reported second quarter 2026 net earnings of $885 million, or $2.59 per diluted share, compared to $967 million, or $2.50 per diluted share in the second quarter of 2025. Purchase volume rose 8% to $49.8 billion, a quarterly record per management, and loan receivables increased 2% to $102.2 billion. Average active accounts were flat at 68.3 million, and net interest margin increased 30 basis points to 15.08%. Net interest income grew $87 million, or 2%, to $4.6 billion, while other expense rose $86 million, or 7%, to $1.3 billion, driven by higher operational losses and technology investments. Credit metrics improved. Net charge-offs were 5.43% of average loan receivables compared to 5.70% a year earlier, and loans 30+ days past due were 4.16% compared to 4.18%. The provision for credit losses increased $55 million to $1.2 billion, as the company recorded a $163 million reserve release versus a $265 million release in the prior year. Return on equity declined 170 basis points to 21.4%, and the estimated Common Equity Tier 1 ratio fell to 13.2% from 14.2%. During the quarter the company returned $950 million to shareholders, including $850 million of share repurchases, and issued $500 million of preferred stock. The company's updated 2026 outlook, included in the presentation exhibit, calls for mid-single digit ending loan receivables growth, FY 2026 earnings per diluted share of $9.25 to $9.50, and a net charge-off rate below 5.5%. Management expects receivables growth to accelerate through the second half of 2026 and expects the payment rate to remain elevated.

Jul 21, 2026 8-K

Synchrony Financial 8-K Report, Executive Changes (Jun 29, 2026)

Synchrony Financial (SYF) filed a Form 8-K on June 29, 2026 reporting executive leadership changes across its Digital platform and its Technology and Operations organizations, effective that same day. Carol Juel, previously Executive Vice President, Chief Technology and Operating Officer, was appointed Executive Vice President and Chief Executive Officer of the Digital platform, succeeding Bart Schaller, who has announced plans to retire. Juel will continue to report to Brian Doubles, President and Chief Executive Officer. The company will not name a single executive to take over Juel's former responsibilities; they will be distributed among the executive management team. Additional changes were announced in the Technology and Operations organizations. Florin Arghirescu was promoted to Executive Vice President and Chief Technology Officer, reporting to Doubles, and will be responsible for enterprise technology strategy and execution. DJ Casto, formerly Chief Human Resources Officer, was appointed Executive Vice President, Chief People and Operations Officer, continuing to report to Doubles, and will take on responsibility for Operations, including servicing, collections and customer care. The filing contains no financial results or quantitative figures. The press release (Exhibit 99.1) states that Juel will be responsible for innovation, customer experience and consumer financing for digital-first partners including Amazon, PayPal, Venmo and Verizon, and that leadership will focus on AI adoption, agentic commerce and talent development. The changes are presented as steps toward the company's next phase of growth.

Jun 29, 2026 8-K

Synchrony Financial 8-K Report, Shareholder Vote Results (Jun 25, 2026)

Synchrony Financial (SYF) held its 2026 Annual Meeting of Stockholders on June 24, 2026, and this Form 8-K reports the voting results on three proposals. Stockholders elected all twelve directors named in the Proxy Statement, including Brian D. Doubles, Fernando Aguirre, Paget L. Alves, Kamila Chytil, Daniel Colao, Arthur W. Coviello, Jr., Deborah Ellinger, Roy A. Guthrie, Jeffrey G. Naylor, Bill Parker, Laurel J. Richie, and Ellen M. Zane. Each director received substantially more votes FOR than AGAINST, with broker non-votes of 15,567,869 recorded for each nominee. Stockholders also ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for 2026, with 305,208,523 votes FOR, 4,899,874 AGAINST, and 116,965 ABSTAIN. In an advisory vote, stockholders approved the compensation of the Company's named executive officers, with 273,729,776 votes FOR, 18,945,741 AGAINST, and 1,981,976 ABSTAIN, alongside 15,567,869 broker non-votes. The filing reports no changes to governance or financial results. Its only exhibit is the Inline XBRL cover page (Exhibit 104), so the 8-K is primarily a record of shareholder approvals rather than a source of new financial information for investors.

Jun 25, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jun 9, 2026)

Synchrony Financial furnished Exhibit 99.1 under Item 7.01 of this Form 8-K, presenting its monthly charge-off and delinquency statistics for the thirteen months ended May 31, 2026. The data is unaudited and reported in billions of dollars. For May 2026, period-end loan receivables were $101.7 billion, compared with $99.9 billion at May 31, 2025, and average loan receivables, including held for sale, were $100.6 billion. Credit metrics for May 2026 were a 30+ delinquency rate of 4.2%, the same as May 2025. The net charge-off rate was 5.5%, up from 5.1% a year earlier, and the adjusted net charge-off rate, which includes a recovery adjustment of (0.1)%, was 5.4%, compared with 5.2% in May 2025. Over the period, the net charge-off rate was highest in February and March 2026 at 5.8% each, and lowest in January 2026 at 4.7%. The 30+ delinquency rate peaked at 4.7% in February 2026 and has since declined to 4.2% in May 2026. The company states that it intends to furnish these statistics monthly, with the statistics for the last month of each calendar quarter released alongside its quarterly financial results. The filing notes that charge-off cycle dates vary by month, which can cause charged-off amounts to shift between periods without a corresponding change in portfolio performance. Consumer credit card loan receivables represent greater than 90% of total period-end loan receivables at May 31, 2026.

Jun 9, 2026 8-K

Synchrony Financial 8-K Report, Rights Modification (Jun 5, 2026)

Synchrony Financial issued and sold 500,000 depositary shares on June 5, 2026, each representing a 1/100th ownership interest in a share of its 7.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.001 per share. The underwriting agreement with BofA Securities, Inc., Barclays Capital Inc. and Morgan Stanley & Co. LLC as representatives was entered into on June 2, 2026, under the company's Form S-3 registration statement (File No. 333-288729). The Certificate of Designations establishing the Series C Preferred Stock was filed with the Delaware Secretary of State on June 4, 2026, and became effective upon filing, amending the company's Amended and Restated Certificate of Incorporation. Holders of the depositary shares are entitled to proportional dividend, voting, redemption and liquidation rights of the Series C Preferred Stock. The filing states that if the company does not declare and either pay or set aside a sufficient sum for dividends on the Series C Preferred Stock for the immediately preceding dividend period, its ability to pay dividends on or repurchase common stock and parity or junior preferred stock is subject to restrictions. Computershare Inc. and Computershare Trust Company, N.A. act as depositary under a Deposit Agreement dated June 5, 2026. The filing is primarily a disclosure of the terms and documentation of this preferred stock issuance. It also includes a legal opinion from Sidley Austin LLP (Exhibit 5.1) and the Deposit Agreement and Form of Depositary Receipt as exhibits.

Jun 5, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (May 15, 2026)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended April 30, 2026, under Item 7.01 (Regulation FD Disclosure). The information is furnished, not filed, and is not subject to Section 18 liabilities. The company states it will continue to provide these statistics monthly, and for the last month of each calendar quarter it will furnish them alongside its quarterly financial results. As of April 30, 2026, period-end loan receivables were $100.9 billion, compared with $99.5 billion a year earlier. The 30+ day delinquency rate was 4.3% for April 2026, down from 4.5% in March 2026 and equal to the 4.3% reported for April 2025. The net charge-off rate was 5.5% for April 2026, versus 6.3% for April 2025. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was 5.6% for April 2026 and 6.3% for April 2025. The filing notes that monthly charge-off figures can vary with the number of charge-off cycle dates in each month, which can change reported results without a corresponding change in portfolio performance. Consumer credit card loans represent greater than 90% of total period-end loan receivables at April 30, 2026. The recovery adjustment allocates recoveries, including debt sales, evenly across each quarter's three months, and its estimates may change within the quarter.

May 15, 2026 10-Q

Synchrony Financial Quarterly Report for Q1 Ended Mar 31, 2026

Synchrony Financial reported first-quarter 2026 net earnings of $805 million, up from $757 million a year earlier, with diluted EPS of $2.27 versus $1.89. The increase was driven mainly by net interest income rising $171 million to $4.635 billion, as interest expense fell $118 million on lower benchmark rates and the loan receivables yield rose 47 basis points to 21.80%. The provision for credit losses fell $156 million to $1.335 billion on lower net charge-offs, which declined to $1.346 billion and a 5.42% annualized rate. These gains were partly offset by higher retailer share arrangements (up $175 million) and other expense (up $73 million to $1.316 billion), while other income declined to $133 million. Balance sheet and liquidity remained stable. Loan receivables were flat year over year at $100.1 billion, deposits grew to $82.9 billion and represented 83% of total funding sources, and liquid assets rose to $22.8 billion from $16.6 billion at year-end 2025. The company repurchased $900 million of common stock and paid $0.30 per share in dividends. In April 2026 the Board approved a new share repurchase program of up to $6.5 billion with no expiration date and a planned increase in the quarterly dividend to $0.34 per share beginning in the third quarter of 2026. Capital ratios remained above well-capitalized levels, with a common equity Tier 1 ratio of 12.7%. Management expects the full-year 2026 net charge-off rate to be below its long-term target range of 5.5% to 6.0%. Over-30 day delinquencies rose slightly to 4.54% of period-end loan receivables, and the allowance coverage ratio fell to 10.42% from 10.87% a year earlier, though it rose from 10.06% at year-end 2025 on seasonal trends.

Apr 23, 2026 8-K

Synchrony Financial 8-K Report, Financial Results (Apr 21, 2026)

Synchrony Financial (NYSE: SYF) reported first quarter 2026 net earnings of $805 million, or $2.27 per diluted share, compared to $757 million, or $1.89 per diluted share in the first quarter of 2025. The company reported record first quarter purchase volume of $43.0 billion, up 6%, while loan receivables were flat at $100.1 billion and average active accounts decreased 1% to 68.8 million. Net interest income rose 4% to $4.6 billion, and the provision for credit losses fell $156 million to $1.3 billion, primarily due to lower net charge-offs. Net charge-offs were 5.42% of average loan receivables compared to 6.38% in the prior year. Other expense rose 6% to $1.3 billion, driven by technology investments and higher operational losses, and the efficiency ratio increased to 35.6% from 33.4%. The Board approved a new share repurchase program of up to $6.5 billion, commencing in the second quarter of 2026, with no expiration date, replacing the prior program scheduled to expire June 30, 2026. The Board also approved a planned 13% increase in the quarterly cash dividend to $0.34 per share beginning in the third quarter of 2026. During the quarter, the company returned $1.0 billion in capital, including $900 million of share repurchases and $104 million of common stock dividends. The estimated Common Equity Tier 1 ratio was 12.7%, compared to 13.2% a year earlier. management's 2026 outlook, presented in the accompanying earnings presentation, calls for FY'26 EPS of $9.10 to $9.50, mid-single digit ending loan receivables growth, and a net charge-off rate below 5.5%, with losses expected to peak in the second quarter of 2026.

Apr 21, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Apr 21, 2026)

Synchrony Financial furnished under Item 7.01 (Regulation FD) its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended March 31, 2026, as Exhibit 99.1. The company states it will continue to furnish these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its announcement of quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934. For March 2026, period-end loan receivables were $100.1 billion, compared with $99.6 billion at March 31, 2025, and average loan receivables, including held for sale, were $99.3 billion. The 30+ day delinquency rate was 4.5%, the same as in March 2025. The net charge-off rate was 5.8% for March 2026, compared with 6.2% in March 2025, and the adjusted net charge-off rate was also 5.8%. The filing notes that the adjusted net charge-off rate includes a recovery adjustment that allocates recoveries, including debt sales, evenly across the three months of each quarter. Month-to-month results in the exhibit varied. The net charge-off rate was 4.7% in January 2026 and 5.8% in February 2026, and 5.5% in December 2025. The filing also explains that charge-off cycle dates vary by month, so reported monthly charge-offs can move without a corresponding change in portfolio performance. Investors should therefore read the monthly figures alongside the quarterly results the company reports.

Apr 21, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Mar 10, 2026)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended February 28, 2026, under Item 7.01 of Form 8-K (Regulation FD). The statistics are unaudited and presented in billions of dollars. The company states that it will furnish these statistics monthly, and that for the last month of each calendar quarter they will be furnished alongside its quarterly financial results announcement. For February 2026, period-end loan receivables were $99.9 billion, down from $101.7 billion in January 2026 and $100.1 billion in February 2025. The 30+ delinquency rate was 4.7%, up from 4.6% in January 2026 and equal to the 4.7% reported for February 2025. The net charge-off rate was 5.8%, compared with 4.7% in January 2026 and 6.8% in February 2025. The recovery adjustment for February was zero, so the adjusted net charge-off rate was also 5.8%. The filing notes that monthly charge-off rates can move with the timing of charge-off cycle dates, which varied between 25 and 30 per month in the periods shown. It also states that consumer credit card loan receivables represent greater than 90% of total period-end loan receivables at February 28, 2026. Investors should read the monthly figures together with the company's quarterly results, since the recovery adjustment is allocated evenly across each quarter's three months.

Mar 10, 2026 8-K

Synchrony Financial 8-K Report, Corporate Update (Feb 25, 2026)

Synchrony Financial (SYF) disclosed in a Form 8-K that on February 18, 2026 it entered into an underwriting agreement with BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as representatives of the underwriters, to issue and sell $750,000,000 aggregate principal amount of 4.947% Fixed-to-Floating Rate Senior Notes due 2032. The offering was made in a public offering under the company's Registration Statement on Form S-3 (File No. 333-288729) and related prospectus supplement. The Notes will be issued under a Base Indenture dated August 11, 2014 with The Bank of New York Mellon, as trustee, as amended by a Twelfth Supplemental Indenture dated August 2, 2024 and a Fifteenth Supplemental Indenture dated February 25, 2026. The filing incorporates the underwriting agreement and Fifteenth Supplemental Indenture by reference and includes a validity opinion from Sidley Austin LLP. For investors, the filing is a debt-financing disclosure: it establishes a new $750 million senior note series maturing in 2032 with a fixed-to-floating coupon structure. The 8-K itself does not describe the use of proceeds or the company's financial results.

Feb 25, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Feb 10, 2026)

Synchrony Financial furnished under Item 7.01 (Regulation FD) its monthly charge-off and delinquency statistics for the thirteen months ended January 31, 2026, in Exhibit 99.1. The company states it will continue furnishing these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly earnings announcement. The information is furnished, not filed, for Section 18 purposes. For January 2026, period-end loan receivables were $101.7 billion, compared with $102.2 billion at January 31, 2025 and $103.8 billion at December 31, 2025. The 30+ day delinquency rate was 4.6%, down from 4.7% in January 2025 and up from 4.5% in December 2025. The net charge-off rate was 4.7% for January 2026, compared with 6.2% in January 2025 and 5.5% in December 2025. The adjusted net charge-off rate, which includes a recovery adjustment, was also 4.7% for January 2026, with no recovery adjustment in that month. The exhibit notes that charge-offs are executed on cycle dates that vary by month, so monthly charged-off amounts can move without a corresponding change in portfolio performance. The number of consumer credit card charge-off cycle dates in January was 25 in 2026, compared with 28 in January 2025. Consumer credit card receivables represent greater than 90% of total period-end loan receivables.

Feb 10, 2026 10-K

Synchrony Financial Annual Report, Year Ended Dec 31, 2025

Synchrony Financial (SYF) reported net earnings of $3.6 billion for the year ended December 31, 2025, up 1.5% from $3.5 billion in 2024, driven mainly by a $1.5 billion decrease in the provision for credit losses, which fell to $5.2 billion from $6.7 billion. Net interest income rose $455 million to $18.5 billion, reflecting lower interest expense, partially offset by higher retailer share arrangements of $4.0 billion (up 17.6%). Other income declined to $520 million from $1.5 billion because the 2024 results included a $1.1 billion gain on the Pets Best sale. Credit quality improved over the year. The net charge-off rate fell 66 basis points to 5.65%, and over-30 day delinquencies decreased to 4.49% of period-end loan receivables. The allowance for credit losses totaled $10.4 billion, or 10.06% of loan receivables. Loan receivables declined 0.9% to $103.8 billion, reflecting flat purchase volume of $182.3 billion and lower average active accounts. Management expects loan receivables and interest and fees on loans to grow in 2026, with net charge-offs in line with its long-term target range of 5.5% to 6.0%. Funding and capital remained solid. Deposits of $81.1 billion represented 84% of total funding sources, and the Basel III common equity Tier 1 ratio was 12.6%. Synchrony repurchased $2.9 billion of common stock and paid $427 million in common dividends during 2025, and $1.2 billion of its authorization remained at year-end. Synchrony also acquired Versatile Credit in October 2025 and agreed to acquire a Lowe's commercial co-branded card portfolio with about $0.8 billion of loan receivables, expected to close in the first half of 2026.

Feb 6, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jan 27, 2026)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended December 31, 2025, under Item 7.01 (Regulation FD) of this Form 8-K. The information is furnished, not filed. The company says it will continue furnishing these statistics monthly, and for the last month of each calendar quarter it will furnish them alongside its quarterly earnings announcement. As of December 31, 2025, period-end loan receivables were $103.8 billion, compared with $104.7 billion a year earlier. Average loan receivables for December 2025 were $102.8 billion. The 30+ day delinquency rate was 4.5% in December 2025, versus 4.7% in December 2024. The net charge-off rate was 5.5% in December 2025, versus 6.9% in December 2024. The adjusted net charge-off rate, which includes a recovery adjustment and is a non-GAAP measure, was 5.4% in December 2025, versus 6.7% a year earlier. The monthly data shows the rates moving within a range over 2025. The net charge-off rate ranged from 5.0% to 6.8%, and the adjusted rate ranged from 5.1% to 6.8% across the thirteen months. The company notes that monthly charge-offs can vary with the number of charge-off cycle dates in a given month, so single-month figures should be read with that timing effect in mind. The statistics are unaudited.

Jan 27, 2026 8-K

Synchrony Financial 8-K Report, Financial Results (Jan 27, 2026)

Synchrony Financial (NYSE: SYF) reported fourth quarter 2025 net earnings of $751 million, or $2.04 per diluted share, compared with $774 million, or $1.91 per diluted share, in the fourth quarter of 2024. Results included a $51 million after-tax restructuring charge related to a voluntary employee early retirement program, or $0.14 per diluted share. Net interest income rose $169 million to $4.8 billion, and net charge-offs fell to 5.37% of average loan receivables from 6.45% a year earlier. Purchase volume increased 3% to $49.5 billion, and the company stated that loan receivables decreased 1% to $103.8 billion. Other expense rose $132 million, or 10%, to $1.4 billion, driven by employee costs and technology investments, and the efficiency ratio increased to 36.9%. The provision for credit losses decreased $119 million to $1.4 billion. The company returned $1.1 billion to shareholders, including $952 million of share repurchases and $106 million of common stock dividends, and reported an estimated Common Equity Tier 1 ratio of 12.6% compared with 13.3% a year earlier. Book value per share rose 13% to $44.74 and tangible book value per share rose 9% to $37.21. The filing also furnishes a financial data supplement, a results presentation, and an explanation of non-GAAP measures. The presentation's 2026 outlook includes a baseline assumption of mid-single digit ending loan receivables growth, earnings per diluted share of $9.10 to $9.50, and a net charge-off rate of about 5.5% to 6.0%, alongside significant investment in growth initiatives.

Jan 27, 2026 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Dec 9, 2025)

Synchrony Financial (SYF) furnished its monthly charge-off and delinquency statistics for the thirteen months ended November 30, 2025, under Item 7.01 (Regulation FD) of a Form 8-K filed December 9, 2025. The statistics are unaudited and presented in billions of dollars. The company states it will continue to furnish these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly financial results announcement. At November 30, 2025, period-end loan receivables were $101.7 billion, up from $100.4 billion at October 31, 2025, and compared with $102.9 billion at November 30, 2024. Average loan receivables, including held for sale, were $100.3 billion for November 2025, versus $101.8 billion for November 2024. The 30+ day delinquency rate was 4.5% in November 2025, compared with 4.9% a year earlier. The net charge-off rate was 5.6% for November 2025, up from 5.0% in October 2025 and compared with 6.2% in November 2024. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was 5.4% in November 2025, compared with 6.2% in November 2024. The filing notes that monthly charge-off figures can move with the number of charge-off cycle dates in a month, which varied from 25 to 30 across the periods shown. The recovery adjustment allocates recoveries, including debt sales, evenly across each quarter, and the company notes these estimates may change within a quarter and may differ from actual quarterly results. Investors should therefore read single-month figures alongside the quarterly trend.

Dec 9, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Nov 12, 2025)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended October 31, 2025 under Item 7.01 (Regulation FD) of this Form 8-K, with the data in Exhibit 99.1. The statistics are unaudited and presented in billions of dollars. For October 2025, the 30+ delinquency rate was 4.5%, down from 4.9% in October 2024. The net charge-off rate was 5.0%, compared with 6.2% a year earlier, and the adjusted net charge-off rate was 5.3%, compared with 6.4% in October 2024. Period-end loan receivables were $100.4 billion at October 31, 2025, versus $102.3 billion at October 31, 2024. Average loan receivables, including held for sale, were $99.8 billion for October 2025. Loan receivables held for sale were zero at the end of October 2025, after $0.2 billion at September 30, 2025. The filing notes that the October 2025 adjusted net charge-off rate includes a recovery adjustment of 0.3%, which allocates recoveries, including debt sales, evenly across each quarter's three months. The company's management describes the adjusted rate as a monthly measure more indicative of quarterly and annual net charge-off rates. The company states that it intends to furnish these statistics monthly. For the last month of each calendar quarter, the statistics will be furnished together with its quarterly financial results announcement. The information is furnished, not filed, and is not incorporated by reference into other filings under the Securities Act or the Exchange Act unless specifically referenced.

Nov 12, 2025 10-Q

Synchrony Financial Quarterly Report for Q3 Ended Sep 30, 2025

Synchrony Financial reported net earnings of $1.1 billion for the three months ended September 30, 2025, up from $789 million a year earlier, and $2.8 billion for the nine months, up from $2.7 billion. The increases were primarily driven by lower provision for credit losses and higher net interest income, partially offset by higher retailer share arrangements. The prior-year nine-month period included an after-tax gain on sale related to Pets Best of $802 million. Provision for credit losses fell $451 million (28.2%) in the quarter and $1.4 billion (26.9%) for the nine months, reflecting reserve releases in 2025 versus reserve builds in 2024, along with lower net charge-offs. The net charge-off rate was 5.16% for the quarter and 5.74% for the nine months, and over-30 day delinquencies improved to 4.39% of period-end loan receivables. Loan receivables declined 2.0% year over year to $100.2 billion, reflecting lower purchase volume and higher payment rates. Net interest income rose 2.4% to $4.7 billion for the quarter, driven by lower interest expense as benchmark rates fell, while the loan receivables yield increased to 21.89%. Deposits were $79.9 billion, representing 85% of total funding sources. Other expense rose 5.0% in the quarter, mainly on employee costs and technology investments. Capital remained strong, with a common equity Tier 1 ratio of 13.7% and a total risk-based capital ratio of 16.9% at September 30, 2025. Capital return remained a focus: the company repurchased $2.0 billion of common stock in the first nine months, and the Board approved an incremental $1.0 billion authorization in September 2025, leaving $2.1 billion remaining under the 2025 program. The quarterly common dividend was raised to $0.30 per share, and the company acquired Versatile Credit in October 2025.

Oct 22, 2025 8-K

Synchrony Financial 8-K Report, Financial Results (Oct 15, 2025)

Synchrony Financial (NYSE: SYF) reported third quarter 2025 net earnings of $1.1 billion, or $2.86 per diluted share, compared to $789 million, or $1.94 per diluted share in the third quarter of 2024. Purchase volume increased 2% to $46.0 billion, a return to growth driven by all five sales platforms, while loan receivables decreased 2% to $100.2 billion and average active accounts decreased 3% to 68.3 million. Credit quality improved year over year, with net charge-offs at 5.16% compared to 6.06% and loans 30+ days past due at 4.39% compared to 4.78%. The provision for credit losses fell $451 million to $1.1 billion, including a reserve release of $152 million, partly offset by a $45 million reserve build tied to the pending Lowe's commercial co-branded credit card portfolio acquisition. Net interest income rose $111 million, or 2%, to $4.7 billion, and net interest margin increased 58 basis points to 15.62%. Return on assets rose to 3.6% and return on equity to 25.1%. Other expense rose $59 million, or 5%, to $1.2 billion, driven by employee costs and technology investments. Deposits decreased 3% to $79.9 billion and made up 85% of funding, and the estimated Common Equity Tier 1 ratio improved to 13.7% from 13.1%. Capital return was $971 million in the quarter, including $861 million of share repurchases and $110 million of common dividends. The Board approved an incremental $1.0 billion repurchase authorization, bringing the total remaining authorization to $2.1 billion through June 30, 2026. The filing's presentation also states that the company's full-year 2025 outlook was revised, with net revenue now expected at $15.0 to $15.1 billion and net charge-offs at 5.6 to 5.7%.

Oct 15, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Oct 15, 2025)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended September 30, 2025 under Item 7.01 (Regulation FD) of this Form 8-K. The information is furnished, not filed, and is not incorporated by reference into other filings. As of September 30, 2025, period-end loan receivables were $100.2 billion, compared with $102.2 billion at September 30, 2024. Average loan receivables for September 2025 were $100.1 billion. Credit metrics for September 2025 were a 30+ day delinquency rate of 4.4%, down from 4.8% a year earlier, and a net charge-off rate of 5.3%. After a recovery adjustment of (0.2)%, the adjusted net charge-off rate was 5.1%. The filing notes that the recovery adjustment allocates recoveries, including debt sales, evenly across the months of each quarter and that quarterly estimates may change. Net charge-off rates for the prior months are also shown, including an adjusted rate of 5.7% for June 2025 and 6.7% for November 2024. The company states it will continue furnishing these statistics monthly. For the last month of each calendar quarter, the statistics will be released alongside its quarterly financial results. The filing also notes that charge-offs are executed on cycle dates that vary by month, so monthly charged-off amounts can fluctuate without a corresponding change in portfolio performance. Consumer credit card loans represent more than 90% of period-end loan receivables at September 30, 2025.

Oct 15, 2025 8-K

Synchrony Financial 8-K Report, Executive Changes (Sep 29, 2025)

Synchrony Financial (NYSE: SYF) filed this Form 8-K on September 29, 2025 to report the appointment of Deborah Ellinger to its Board of Directors. The Board elected Ms. Ellinger on September 26, 2025, effective October 1, 2025, and assigned her to the Risk and Technology Committees. With her appointment, the Board will consist of twelve members. Under the non-management director compensation program, Ms. Ellinger will receive annual compensation of $320,000, consisting of $100,000 in cash and $220,000 in Company restricted stock units. She will also receive additional annual cash compensation of $20,000 for Risk Committee service and $15,000 for Technology Committee service. She has entered into the Company's standard form of indemnification agreement. The filing states there are no arrangements or understandings under which she was selected as a director, and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. The filing's accompanying press release describes Ms. Ellinger as a former CEO and experienced board member, currently a senior advisor with Boston Consulting Group, who previously served as CEO and/or President of four private-equity-backed companies between 2004 and 2018. It also notes she serves on the board of Chewy, Inc. The announcement is primarily a governance update with no financial results disclosed.

Sep 29, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Sep 10, 2025)

Synchrony Financial furnished its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended August 31, 2025, as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure). The unaudited data show period-end loan receivables of $100.2 billion at August 31, 2025, compared with $102.5 billion at August 31, 2024, and average loan receivables, including held for sale, of $99.9 billion for August 2025 versus $102.1 billion a year earlier. Credit metrics for August 2025 were mixed year over year. The 30+ day delinquency rate was 4.3%, down from 4.6% in August 2024. The net charge-off rate was 5.1%, compared with 5.6% in August 2024. The adjusted net charge-off rate, which includes a recovery adjustment of 0.2%, was 5.3%, versus 5.7% a year earlier. The filing notes that charge-off timing varies by cycle dates, so monthly charge-off amounts can move without a corresponding change in portfolio performance. Synchrony states that it will continue furnishing these statistics monthly. For the last month of each calendar quarter, the statistics will be released alongside the company's quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act.

Sep 10, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Aug 15, 2025)

Synchrony Financial furnished Exhibit 99.1 under Item 7.01 of this Form 8-K, presenting its monthly charge-off and delinquency statistics for the thirteen months ended July 31, 2025. The company states it will continue furnishing these statistics monthly, with the last month of each calendar quarter provided alongside its quarterly financial results announcement. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act. For July 31, 2025, period-end loan receivables were $100.3 billion, up slightly from $99.8 billion at June 30, 2025, and average loan receivables, including held for sale, were $99.7 billion. The 30+ day delinquency rate was 4.2%, unchanged from June 2025 and below the 4.6% reported for July 31, 2024. The net charge-off rate was 5.1% for July 2025, compared with 5.8% in June 2025 and 6.2% in July 2024. The adjusted net charge-off rate, which includes the recovery adjustment, was also 5.1% for July 2025, versus 5.7% in June 2025. The filing notes that the consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at July 31, 2025. It also explains that monthly charge-off figures can vary because charge-offs occur on charge-off cycle dates whose count differs by month, and that the recovery adjustment allocates recoveries, including debt sales, evenly across each quarter's three months using estimates subject to change.

Aug 15, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Aug 5, 2025)

Synchrony Financial (SYF) reported in an 8-K filed under Item 7.01 (Regulation FD Disclosure) that on August 4, 2025, it entered into a series of agreements to acquire the Lowe's commercial co-branded credit card portfolio, with loan receivables of approximately $0.8 billion, and to become the issuer of that portfolio. In connection with the portfolio acquisition, Synchrony expects to record a reserve of up to $50 million during the third quarter of 2025. The company expects the completion of the portfolio acquisition and the launch of the commercial co-branded credit card program to occur during the first half of 2026, and the acquisition is subject to reasonable and customary closing conditions. The information is furnished rather than filed for purposes of Section 18 of the Securities Exchange Act of 1934, and the filing includes forward-looking statements that refer readers to the risk factors in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed February 7, 2025.

Aug 5, 2025 8-K

Synchrony Financial 8-K Report, Corporate Update (Jul 29, 2025)

Synchrony Financial (SYF) disclosed on July 29, 2025 that on July 24, 2025 it entered into an underwriting agreement with BofA Securities, Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters, for a public offering of two series of senior notes under its Form S-3 shelf registration (File No. 333-288729). The offering consists of $500,000,000 aggregate principal amount of 5.019% Fixed-to-Floating Rate Senior Notes due 2029 and $500,000,000 aggregate principal amount of 6.000% Fixed-to-Floating Rate Senior Notes due 2036, for a combined $1.00 billion. The notes will be issued under a base indenture dated August 11, 2014 with The Bank of New York Mellon, as trustee, as amended by a Twelfth Supplemental Indenture dated August 2, 2024 and further supplemented by a Fourteenth Supplemental Indenture dated July 29, 2025. The filing incorporates the underwriting agreement, the Fourteenth Supplemental Indenture and the forms of notes by reference, and includes a legality opinion from Sidley Austin LLP on the validity of the notes. For investors, the filing is a debt-financing disclosure: it documents the terms and structure of the new senior unsecured notes issuance but does not describe the use of proceeds, pricing details beyond the coupons, or any change in the company's financial results.

Jul 29, 2025 10-Q

Synchrony Financial Quarterly Report for Q2 Ended Jun 30, 2025

Synchrony Financial's 10-Q for the quarter ended June 30, 2025 shows net earnings of $967 million for the three months ended June 30, 2025, up from $643 million a year earlier, and $1.7 billion for the six months, down from $1.9 billion. The three-month increase was primarily driven by a decrease in the provision for credit losses, partially offset by higher retailer share arrangements. The six-month decrease reflects the $802 million after-tax gain on the Pets Best sale recognized in the prior year, partially offset by lower provision for credit losses. Credit metrics improved. The provision for credit losses fell $545 million (32.2%) for the quarter, reflecting reserve releases of $265 million versus reserve builds of $70 million a year earlier. The net charge-off rate decreased 72 basis points to 5.70% for the quarter, and over-30 day delinquencies fell to 4.18% of period-end loan receivables from 4.47%. Loan receivables declined 2.5% year over year to $99.8 billion, reflecting lower purchase volume and higher payment rates. Net interest income rose 2.6% to $4.5 billion for the quarter. Capital and funding remained solid. Deposits were $82.3 billion, or 84% of total funding sources. The company repurchased $1.1 billion of common stock in the first half, declared quarterly dividends of $0.30 per share starting in the second quarter, and had $2.0 billion of remaining repurchase authorization under a new $2.5 billion program approved in April 2025. Common equity Tier 1 capital ratio was 13.6% at June 30, 2025, up from 13.3% at December 31, 2024.

Jul 23, 2025 8-K

Synchrony Financial 8-K Report, Financial Results (Jul 22, 2025)

Synchrony Financial (NYSE: SYF) reported second quarter 2025 net earnings of $967 million, or $2.50 per diluted share, compared to $643 million, or $1.55 per diluted share in the second quarter 2024. Net earnings rose 50%, driven mainly by a provision for credit losses that fell $545 million to $1.1 billion, including a reserve release of $265 million, versus a reserve build of $70 million a year earlier. Net interest income increased $116 million, or 3%, to $4.5 billion, while retailer share arrangements rose $182 million, or 22%, to $992 million. Other expense increased $68 million, or 6%, to $1.2 billion. Credit quality improved over the period. Loans 30+ days past due were 4.18% of period-end loan receivables, down from 4.47% a year earlier, and net charge-offs were 5.70% of average loan receivables, down from 6.42%. Purchase volume decreased 2% to $46.1 billion, loan receivables decreased 2% to $99.8 billion, and average active accounts decreased 4% to 68.1 million. The estimated Common Equity Tier 1 ratio was 13.6%, compared with 12.6% a year earlier. The company returned $614 million to shareholders, including $500 million of share repurchases and $114 million of common stock dividends, and had $2.0 billion remaining under its repurchase authorization through June 30, 2026. The filing furnishes the earnings press release, a financial data supplement, a results presentation, and an explanation of non-GAAP measures. The presentation's revised 2025 outlook lowers net revenue to $15.0–$15.3 billion from $15.2–$15.7 billion and sets net charge-offs at 5.6–5.8%, down from 5.8–6.0%. It also notes the Walmart/OnePay program launch in fall 2025.

Jul 22, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jul 22, 2025)

Synchrony Financial (SYF) furnished this Form 8-K under Item 7.01 (Regulation FD Disclosure) with Exhibit 99.1, its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended June 30, 2025. The company states it intends to continue furnishing these statistics monthly, and for the last month of each calendar quarter, it will furnish them alongside its quarterly financial results announcement. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act. As of June 30, 2025, period-end loan receivables were $99.8 billion, with a 30+ day delinquency rate of 4.2% and a net charge-off rate of 5.8%. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was 5.7% for June 2025. Over the period, period-end loan receivables declined from $104.7 billion at December 31, 2024 to $99.8 billion at June 30, 2025, and the 30+ delinquency rate moved from 4.7% at December 31, 2024 and 4.9% at its peak in September and October 2024 down to 4.2% at June 30, 2025. The filing notes that charge-off figures can vary month to month because charge-offs are executed on cycle dates that differ in number across calendar months, and that recoveries, including debt sales, are allocated evenly across each quarter's three months using estimates that may change. The consumer credit card portfolio represents approximately 92% of total period-end loan receivables at June 30, 2025.

Jul 22, 2025 8-K

Synchrony Financial 8-K Report, Shareholder Vote Results (Jun 20, 2025)

Synchrony Financial held its 2025 Annual Meeting of Stockholders on June 17, 2025, as reported in this Item 5.07 Current Report filed June 20, 2025. Stockholders elected all eleven directors named in the Proxy Statement, ratified KPMG LLP as the independent registered public accounting firm for 2025, and approved named executive officer compensation in an advisory vote. Voting support was strong for the ratification of KPMG LLP, which received 331,638,509 votes FOR, 5,998,222 AGAINST, and 203,787 ABSTAIN. The advisory vote on named executive officer compensation received 287,651,058 FOR, 29,750,603 AGAINST, and 3,095,283 ABSTAIN, with 17,343,574 broker non-votes. Director vote counts varied, with Fernando Aguirre receiving 274,715,536 FOR and 45,169,733 AGAINST, the largest opposition count among the directors. The filing's only exhibit is the Inline XBRL cover page for this Form 8-K.

Jun 20, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jun 10, 2025)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended May 31, 2025 under Item 7.01 (Regulation FD) of this Form 8-K. The data are unaudited and reported in billions of dollars. Period-end loan receivables were $99.9 billion at May 31, 2025, compared with $102.4 billion at May 31, 2024, and average loan receivables, including held for sale, were $99.2 billion for May 2025. In May 2025, the 30+ delinquency rate was 4.2%, compared with 4.5% in May 2024. The net charge-off rate was 5.1% for May 2025, compared with 6.5% for May 2024. The adjusted net charge-off rate, which adds a recovery adjustment of 0.1% for the month, was 5.2% for May 2025, compared with 6.4% for May 2024. Over the period, the 30+ delinquency rate moved from 4.7% in January 2025 to 4.2% in May 2025, and the adjusted net charge-off rate ranged from 6.2% to 6.8% in the February through April 2025 months before falling to 5.2% in May. The filing notes that charge-off cycle dates vary by month, which can cause monthly charge-off amounts to fluctuate without a corresponding change in portfolio performance. Consumer credit card loans represent approximately 92% of period-end loan receivables at May 31, 2025. The company states it will continue to furnish these statistics monthly. For the last month of each calendar quarter, the statistics will be released together with its quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act.

Jun 10, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jun 9, 2025)

Synchrony Financial (SYF) announced on June 9, 2025 a strategic partnership with OnePay, the consumer financial technology company backed by Walmart and Ribbit Capital, to establish a new credit card program with Walmart. Under the arrangement, Synchrony will be the exclusive issuer of OnePay credit cards at Walmart, with the credit card experience embedded inside the OnePay app. The program is expected to launch in fall 2025 and will include a general-purpose card powered by Mastercard's global payments network, usable anywhere Mastercard is accepted, and a private label card for exclusive use on Walmart purchases. Synchrony states that, following the initial launch and reserve costs, the program is expected to drive loyalty and sales at attractive risk-adjusted returns and be accretive to the company's long-term financial performance. The filing does not quantify the expected financial impact, loan volumes, or program economics. The filing is a Regulation FD disclosure furnishing the press release as Exhibit 99.1. It also notes that Chief Financial Officer Brian J. Wenzel will participate in a fireside chat at the Morgan Stanley US Financials Conference on June 10, 2025 at 8:15 a.m. Eastern Time, with a live webcast and replay available on Synchrony's investor relations website.

Jun 9, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (May 15, 2025)

Synchrony Financial (SYF) furnished a Regulation FD disclosure under Item 7.01 containing its Monthly Charge-Off and Delinquency Statistics (Exhibit 99.1) for each of the thirteen months ended April 30, 2025. The filing is unaudited and presented in billions of dollars. As of April 30, 2025, period-end loan receivables were $99.5 billion, down from $99.6 billion at March 31, 2025 and $101.6 billion at April 30, 2024. Average loan receivables, including held for sale, were $99.1 billion for April 2025. For April 2025, the 30+ delinquency rate was 4.3%, compared with 4.5% in March 2025 and 4.6% in April 2024. The net charge-off rate was 6.3% in April 2025, versus 6.2% in March 2025 and 6.7% in April 2024. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was also 6.3% for April 2025. The company states that this adjusted measure is more indicative of its quarterly and annual net charge-off rates. The company intends to furnish these statistics monthly, with the last month of each calendar quarter's figures released alongside its quarterly financial results. The filing notes that monthly charge-off figures can vary because of the timing of charge-off cycle dates, and that consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at April 30, 2025.

May 15, 2025 10-Q

Synchrony Financial Quarterly Report for Q1 Ended Mar 31, 2025

Synchrony Financial reported first-quarter 2025 net earnings of $757 million, down from $1.3 billion in the prior-year quarter, which included an after-tax gain of $802 million on the sale of Pets Best. Net interest income rose 1.3% to $4.5 billion as interest expense fell 6.6% on lower benchmark rates, while interest and fees on loans were flat. Retailer share arrangements increased 17.1% to $895 million, and the provision for credit losses fell $393 million to $1.49 billion, aided by a $97 million reserve release versus a $299 million build a year earlier. The net charge-off rate rose to 6.38% from 6.31%, while over-30 day delinquencies improved to 4.52% from 4.74%. Loan receivables declined to $99.6 billion, reflecting seasonality and lower purchase volume of $40.7 billion. Funding and liquidity remained strong, with deposits of $83.4 billion representing 83% of total funding sources and liquid assets of $23.8 billion at March 31, 2025. The company repurchased $600 million of common stock during the quarter and completed its prior repurchase program. In April 2025, the Board approved a new program of up to $2.5 billion through June 30, 2026, and the quarterly common dividend will increase to $0.30 per share starting in the second quarter of 2025. The filing also notes that the CFPB's credit card late fee rule was vacated on April 15, 2025, and that management plans to review the related product, pricing and policy changes with partners. Regulatory capital ratios remained above well-capitalized levels, with a common equity Tier 1 ratio of 13.2% at March 31, 2025, down from 13.3% at year-end 2024, largely reflecting the final phase-in of the CECL capital transition adjustment. Management described its disclosure controls as effective, and the filing reports no material changes to risk factors.

Apr 24, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Apr 22, 2025)

Synchrony Financial (SYF) furnished Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure), containing its monthly charge-off and delinquency statistics for the thirteen months ended March 31, 2025. The statistics are unaudited and stated in billions of dollars. The company said it intends to continue furnishing these statistics monthly, and that for the last month of each calendar quarter they will be furnished alongside its announcement of quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934. At March 31, 2025, period-end loan receivables were $99.6 billion, down from $101.7 billion at March 31, 2024, and down from $100.1 billion at February 28, 2025. Average loan receivables, including held for sale, were $99.3 billion for March 2025, compared with $101.2 billion for March 2024. The 30+ delinquency rate was 4.5% at March 31, 2025, compared with 4.7% at February 28, 2025 and 4.7% at March 31, 2024. The net charge-off rate was 6.2% for March 2025, versus 6.6% for March 2024, and the adjusted net charge-off rate was 6.2% versus 6.4% a year earlier. The filing notes that consumer credit card loan receivables represented approximately 92% of total period-end loan receivables at March 31, 2025. It also explains that monthly charge-off figures can vary because charge-offs occur on cycle dates that differ in number from month to month. Recovery adjustments allocate recoveries, including debt sales, evenly across the three months of each quarter, and the company states that these estimates may change within a quarter.

Apr 22, 2025 8-K

Synchrony Financial 8-K Report, Financial Results (Apr 22, 2025)

Synchrony Financial (NYSE: SYF) reported first quarter 2025 net earnings of $757 million, or $1.89 per diluted share, compared to $1.3 billion, or $3.14 per diluted share, in the first quarter 2024. The prior-year figure included the $802 million post-tax impact of the Pets Best gain on sale; excluding it, first quarter 2024 adjusted net earnings were $491 million, or $1.18 per diluted share. Net interest income rose $59 million, or 1%, to $4.5 billion, and the provision for credit losses fell $393 million to $1.5 billion, driven by a $97 million reserve release versus a $299 million reserve build a year earlier. Other income declined $1.0 billion to $149 million, mainly because of the prior-year Pets Best gain. Operating metrics were softer. Purchase volume decreased 4% to $40.7 billion, loan receivables decreased 2% to $99.6 billion, and average active accounts decreased 3% to 69.3 million. Net charge-offs were 6.38% of average loan receivables versus 6.31% a year earlier, and loans 30+ days past due improved to 4.52% from 4.74%. Management attributed the volume declines to prior credit actions and lower consumer traffic. Capital returns increased. The Board approved a new $2.5 billion share repurchase authorization through June 30, 2026, and raised the quarterly dividend by 20% to $0.30 per share beginning in the second quarter of 2025. The company returned $697 million to shareholders in the quarter, and its estimated Common Equity Tier 1 ratio rose to 13.2% from 12.6%. Fitch also upgraded its Long-term Issuer Default Rating to "BBB" with a "Stable" outlook.

Apr 22, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Mar 17, 2025)

Synchrony Financial furnished its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended February 28, 2025, under Item 7.01 of Form 8-K (Exhibit 99.1). The statistics are unaudited and are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. The company intends to furnish these statistics monthly, and for the last month of each calendar quarter, it will furnish them with its quarterly financial results announcement. As of February 28, 2025, period-end loan receivables were $100.1 billion, down from $102.2 billion at January 31, 2025 and $104.7 billion at December 31, 2024, and up from $100.0 billion at February 29, 2024. The 30+ day delinquency rate was 4.7% in February 2025, compared with 5.0% in February 2024. The net charge-off rate was 6.8% in February 2025 and 6.5% in February 2024, and the adjusted net charge-off rate was also 6.8% for February 2025. Average loan receivables, including held for sale, were $101.0 billion for February 2025. The filing notes that charge-offs occur on charge-off cycle dates that vary by month, so monthly charge-off figures can move without a corresponding change in portfolio performance. Consumer credit card loan receivables represented approximately 92% of total period-end loan receivables at February 28, 2025. The adjusted net charge-off rate adds a recovery adjustment that allocates recoveries, including debt sales, evenly across the quarter's three months; the company describes this measure as a non-GAAP figure that it believes is more indicative of its quarterly and annual net charge-off rates.

Mar 17, 2025 8-K

Synchrony Financial 8-K Report, Corporate Update (Mar 6, 2025)

Synchrony Financial (SYF) reported on this Form 8-K, filed March 6, 2025, that on March 3, 2025 it entered into an underwriting agreement with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, as representatives of the several underwriters, to issue and sell $800,000,000 aggregate principal amount of 5.450% Fixed-to-Floating Rate Senior Notes due 2031 in a public offering under its Form S-3 registration statement (File No. 333-266264). The Notes will be issued under a Base Indenture dated August 11, 2014 with The Bank of New York Mellon, as trustee, as supplemented by a Thirteenth Supplemental Indenture dated March 6, 2025. The filing states that the Twelfth Supplemental Indenture was previously filed with an 8-K on August 2, 2024, and that the Base Indenture was filed with an 8-K on August 13, 2014. Sidley Austin LLP has issued an opinion on the validity of the Notes, filed as Exhibit 5.1. The filing is a debt-issuance disclosure. It identifies the size, coupon, maturity and governing documents of the Notes, and it does not describe use of proceeds or other financial results.

Mar 6, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Feb 10, 2025)

Synchrony Financial furnished its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended January 31, 2025 under Item 7.01 (Regulation FD) of this Form 8-K. The statistics are unaudited and presented in billions of dollars. The company states it will furnish these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly financial results announcement. The information is furnished, not filed, and is not subject to Section 18 liabilities. For January 2025, period-end loan receivables were $102.2 billion, compared with $101.3 billion at January 31, 2024, and average loan receivables, including held for sale, were $102.8 billion, compared with $101.4 billion a year earlier. The 30+ delinquency rate was 4.7% in January 2025, versus 4.9% in January 2024. The net charge-off rate was 6.2% in January 2025, versus 5.8% in January 2024, and the adjusted net charge-off rate was 6.2%, versus 6.0% a year earlier. The filing notes that monthly charge-off figures can vary because charge-offs are executed on cycle dates that differ in number from month to month, with no corresponding change in portfolio performance. The consumer credit card loan receivables, which represent approximately 92% of total period-end loan receivables at January 31, 2025, had 28 charge-off cycle dates in January 2025, compared with 29 in January 2024. The adjusted net charge-off rate includes a recovery adjustment that allocates recoveries, including debt sales, evenly across each quarter's three months, and the company describes this non-GAAP measure as more indicative of its quarterly and annual net charge-off rates.

Feb 10, 2025 10-K

Synchrony Financial Annual Report, Year Ended Dec 31, 2024

Synchrony Financial reported net earnings of $3.5 billion for 2024, up from $2.2 billion in 2023, driven primarily by the after-tax gain of $802 million on the sale of Pets Best, higher net interest income and lower retailer share arrangements, partially offset by higher provision for credit losses. Loan receivables rose to $104.7 billion at December 31, 2024, reflecting lower customer payment rates and the March 2024 acquisition of Ally Lending for $2.0 billion, partly offset by lower purchase volume of $182.2 billion. Net interest income increased to $18.0 billion, while the net charge-off rate rose 144 basis points to 6.31%, and the provision for credit losses increased to $6.7 billion. Credit trends were mixed: over-30 day delinquencies improved slightly to 4.70%, while over-90 day delinquencies rose to 2.40%. Management expects net charge-offs to decline in 2025 and interest and fees on loans to increase, but notes that the CFPB's credit card late fee rule, currently enjoined, could materially reduce late fee income if it takes effect. Deposits of $82.1 billion funded 84% of total funding sources, and the company returned capital through $1.0 billion of share repurchases and $398 million of common dividends. Key risks highlighted include macroeconomic sensitivity, concentration in a small number of large partners (five largest programs were 54% of interest and fees on loans), the pending late fee rule, and rising regulatory requirements as the company now has over $100 billion in total assets. The Basel III common equity Tier 1 ratio was 13.3%, and management expects CECL phase-in to reduce it by approximately 50 basis points in 2025.

Feb 7, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Jan 28, 2025)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended December 31, 2024, in Exhibit 99.1 under Item 7.01 (Regulation FD). The statistics are unaudited and reported in billions of dollars. The company stated it will continue to furnish these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly financial results announcement. At December 31, 2024, period-end loan receivables were $104.7 billion, up from $103.0 billion at December 31, 2023, and average loan receivables, including held for sale, were $103.9 billion for December 2024. The 30+ delinquency rate was 4.7% at December 31, 2024, the same as a year earlier, which the company attributed primarily to the impact of credit actions. The net charge-off rate for December 2024 was 6.9%, compared with 5.7% in December 2023, and the adjusted net charge-off rate was 6.7%, compared with 5.6%. The company said the year-over-year increase in the net charge-off rate reflects the continued impact of moderation in customer payment rates. The filing also explains that the December 2024 increase in net charge-offs compared with November 2024 was primarily due to four more charge-off cycles, with 30 cycle dates in December 2024 versus 26 in November 2024. Consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at December 31, 2024. The recovery adjustment for December 2024 was (0.2)%, which allocates recoveries, including debt sales, evenly across the quarter's three months.

Jan 28, 2025 8-K

Synchrony Financial 8-K Report, Financial Results (Jan 28, 2025)

Synchrony Financial (NYSE: SYF) reported fourth quarter 2024 net earnings of $774 million, or $1.91 per diluted share, compared to $440 million, or $1.03 per diluted share in the fourth quarter of 2023. Net interest income rose 3% to $4.6 billion, driven by higher interest and fees on loans. Provision for credit losses fell $243 million to $1.6 billion, reflecting a $100 million reserve release versus a $402 million reserve build a year earlier, partially offset by higher net charge-offs. Net charge-offs were 6.45% of average loan receivables, up from 5.58% a year earlier, and 30+ day delinquencies improved slightly to 4.70%. Operating metrics were mixed. Purchase volume decreased 3% to $48.0 billion, average active accounts decreased 2% to 70.3 million, and new accounts decreased 19% to 5.0 million, reflecting credit actions taken from mid-2023 through early 2024. Period-end loan receivables grew 2% to $104.7 billion. Other expense decreased 4% to $1.3 billion, while other income rose to $128 million, primarily from PPPC-related fees, partially offset by the Pets Best disposition. Management said it remains confident in returning to its long-term net charge-off target. Capital and liquidity strengthened. The estimated CET1 ratio rose to 13.3% from 12.2%, and the company returned $197 million to shareholders, including $100 million of share repurchases and $97 million of common dividends. Deposits totaled $82.1 billion and comprised 84% of funding. The filing's outlook for full-year 2025 calls for low single-digit period-end loan receivables growth, net revenue of $15.2 to $15.7 billion, net charge-offs of 5.8% to 6.1%, and an efficiency ratio of 31.5% to 32.5%, and it excludes any impact of the CFPB late fee rule.

Jan 28, 2025 8-K

Synchrony Financial 8-K Report, Regulation FD Disclosure (Dec 10, 2024)

Synchrony Financial furnished its monthly charge-off and delinquency statistics for the thirteen months ended November 30, 2024, in Exhibit 99.1 under Item 7.01 of this Form 8-K. The company said it will continue to furnish these statistics monthly, and for the last month of each calendar quarter they will be furnished alongside its quarterly earnings announcement. The information is furnished, not filed, and is not subject to Section 18 liability. At November 30, 2024, period-end loan receivables were $102.9 billion, up from $101.2 billion a year earlier, and average loan receivables, including held for sale, were $101.8 billion versus $99.1 billion in November 2023. The 30+ delinquency rate rose to 4.9% from 4.7%, and the net charge-off rate rose to 6.2% from 5.6%. The adjusted net charge-off rate was also 6.2%, compared with 5.6% a year earlier. The company attributes the year-over-year increases in the 30+ delinquency rate and the net charge-off rate to the continued impact of moderation in customer payment rates. The filing notes that consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at November 30, 2024. It also explains that monthly charge-offs can vary because charge-offs are executed on charge-off cycle dates, whose number differs by month, and that the recovery adjustment allocates recoveries, including debt sales, evenly across each quarter's three months.

Dec 10, 2024