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AI brief of an SEC Form 8-K · Synchrony Financial (SYF)

Synchrony Financial Q3 net earnings rise 26% to $789 million, $1.94 per diluted share

Positive Impact 3 of 5 earnings Written later

Synchrony Financial reported third quarter 2024 net earnings of $789 million, or $1.94 per diluted share, up from $628 million, or $1.48 per diluted share, a year earlier. Net revenue rose 9.8% to $3.8 billion, but credit quality weakened, with net charge-offs at 6.06% of average loan receivables compared with 4.60% a year earlier.

Key points

  • Net earnings rose 26% to $789 million from $628 million in the third quarter of 2023.
  • Diluted EPS was $1.94, compared with $1.48 a year earlier.
  • Net charge-offs were 6.06% of average loan receivables, compared with 4.60% a year earlier; loans 30+ days past due were 4.78%, compared with 4.40%.
  • The company returned $399 million to shareholders, including $300 million of share repurchases, and had $700 million of repurchase authorization remaining as of September 30, 2024.

The filing

CompanySynchrony Financial (SYF)
Form8-K, current report
Filed with the SECOct 16, 2024, 6:00 AM ET
Accession number0001601712-24-000333

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.