Synchrony Financial Files 8-K on Financial Results & Condition
Ticker: SYF-PB · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1601712
| Field | Detail |
|---|---|
| Company | Synchrony Financial (SYF-PB) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, regulatory-filing
TL;DR
**Synchrony Financial just dropped an 8-K on its financials, standard stuff.**
AI Summary
Synchrony Financial filed an 8-K on January 23, 2024, to report its financial results and condition, specifically noting its common stock (SYF) and Series A Preferred Stock (SYFPrA) are registered on the New York Stock Exchange. This filing is a routine disclosure of financial performance, indicating the company is meeting its regulatory obligations. For investors, this matters because it provides transparency into the company's current financial health, which can influence stock price and future investment decisions.
Why It Matters
This filing provides investors with current financial information, which is crucial for evaluating Synchrony Financial's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for reporting financial results and does not indicate any immediate new risks or significant changes.
Analyst Insight
A smart investor would review the full financial statements and results once they are released to understand the specifics of Synchrony Financial's performance and condition, as this 8-K only signals their availability.
Key Players & Entities
- Synchrony Financial (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Synchrony Financial's common and preferred stock are registered
- SYF (company) — trading symbol for Synchrony Financial's common stock
- SYFPrA (company) — trading symbol for Synchrony Financial's Series A Preferred Stock
- January 23, 2024 (date) — date of earliest event reported and filing date
FAQ
What is the purpose of Synchrony Financial's 8-K filing dated January 23, 2024?
The purpose of Synchrony Financial's 8-K filing on January 23, 2024, is to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits', as indicated by the 'ITEM INFORMATION' sections in the filing.
What are the trading symbols for Synchrony Financial's securities mentioned in the filing?
The filing states that the trading symbol for Synchrony Financial's common stock, par value $0.001 per share, is SYF, and for its Depositary Shares representing a 1/40th interest in 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, the symbol is SYFPrA.
On which exchange are Synchrony Financial's securities registered?
Both the common stock (SYF) and the Series A Preferred Stock (SYFPrA) of Synchrony Financial are registered on the New York Stock Exchange, according to the 'Name of each exchange on which registered' column in the filing.
What is Synchrony Financial's state of incorporation and IRS Employer Identification Number?
Synchrony Financial's state of incorporation is Delaware, and its I.R.S. Employer Identification No. is 51-0483352, as stated in the filing.
What is the business address and phone number for Synchrony Financial as listed in the 8-K?
The business address for Synchrony Financial is 777 Long Ridge Road, Stamford, Connecticut 06902, and its telephone number is (203) 585-2400, according to the filing.
Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-23 06:00:58
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share SYF New York Stock Exchange
Filing Documents
- syf-20240123.htm (8-K) — 42KB
- earningsrelease4q23-reform.htm (EX-99.1) — 54KB
- financialtables4q23.htm (EX-99.2) — 1230KB
- a4q23earningspresentatio.htm (EX-99.3) — 28KB
- non-gaapmeasures4q23.htm (EX-99.4) — 3KB
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- a4q23earningspresentatio018.jpg (GRAPHIC) — 83KB
- a4q23earningspresentatio019.jpg (GRAPHIC) — 99KB
- synchonylogoa.jpg (GRAPHIC) — 9KB
- 0001601712-24-000023.txt ( ) — 4870KB
- syf-20240123.xsd (EX-101.SCH) — 2KB
- syf-20240123_def.xml (EX-101.DEF) — 15KB
- syf-20240123_lab.xml (EX-101.LAB) — 29KB
- syf-20240123_pre.xml (EX-101.PRE) — 16KB
- syf-20240123_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 23, 2024 , Synchrony Financial (the "Company") issued a press release setting forth the Company's fourth quarter 2023 earnings. A copy of the Company's press release is being furnished as Exhibit 99.1 and hereby incorporated by reference. The information furnished pursuant to this Item 2.02, including Exhibits, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being furnished as part of this report: Number Description 99.1 Press release, dated January 23, 2024, issued by Synchrony Financial 99.2 Financial Data Supplement of the Company for the quarter ended December 31, 2023 99.3 Financial Results Presentation of the Company for the quarter ended December 31, 2023 99.4 Explanation of Non-GAAP Measures 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SYNCHRONY FINANCIAL Date: January 23, 2024 By: /s/ Jonathan Mothner Name: Jonathan Mothner Title: Executive Vice President, Chief Risk and Legal Officer EXHIBIT INDEX Number Description 99.1 Press release, dated January 23, 2024, issued by Synchrony Financial 99.2 Financial Data Supplement of the Company for the quarter ended December 31, 2023 99.3 Financial Results Presentation of the Company for the quarter ended December 31, 2023 99.4 Explanation of Non-GAAP Measures 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL