Business Context and Reporting Period
Company: Synchrony Financial
Filing Type: Form 8-K (Current Report)
Date of Report: July 19, 2019
Reporting Period: The filing provides monthly charge-off and delinquency statistics for the thirteen months ended June 30, 2019.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity figures. It is a regulatory disclosure focused exclusively on credit quality metrics (charge-offs and delinquencies) as detailed in Exhibit 99.1.
Material Changes
The filing does not provide specific numerical comparisons to prior periods within the text body. It states the Company's intention to continue furnishing these statistics monthly, with the last month of each quarter released contemporaneously with quarterly financial results.
Guidance, Outlook, and Risks
Management Commentary: The Company intends to continue providing monthly charge-off and delinquency statistics.
Legal Status of Information: The information furnished under Item 7.01 and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section. It is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific monthly charge-off and delinquency statistics for the thirteen months ended June 30, 2019.
- Verify the timing of future releases, noting that statistics for the final month of a calendar quarter will be released with quarterly financial results.
- Confirm that this 8-K does not contain audited financial statements or GAAP-based earnings data.