SYF — what changed in the latest 10-Q
A section-by-section comparison of SYF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-22 vs the prior 10-Q · 2026-07-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +64 | −44 | ~52 | 74 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-22
Three months ended September 30,Nine months ended September 30,
Net interest income, after retailer share arrangements and provision for credit losses2,447 2,550 7,057 7,011
Net earnings decreased to $892 million from $1.1 billion and decreased to $2.6 billion from $2.8 billion for the three and nine months ended September 30, 2026, respectively, primarily reflecting the following key drivers:
•Net interest income increased $89 million and $347 million for the three and nine months ended September 30, 2026, respectively, primarily driven by higher interest and fees on loans and lower interest expense, partially offset by lower interest income from our liquidity portfolio.
•Retailer share arrangements increased $72 million and $282 million for the three and nine months ended September 30, 2026, respectively, primarily reflecting program performance.
Text removed vs the prior filing · source: 10-Q · 2026-07-23
Net interest income, after retailer share arrangements and provision for credit losses2,380 2,383 4,610 4,461
Net earnings decreased to $885 million from $967 million and was flat at $1.7 billion for the three and six months ended June 30, 2026, respectively, primarily reflecting the following key drivers:
•Increases in net interest income of $87 million and $258 million for the three and six months ended June 30, 2026, respectively, primarily driven by decreases in interest expense and increases in interest and fees on loans, partially offset by lower interest income from our liquidity portfolio.
•Provision for credit losses increased $55 million for the three months ended June 30, 2026, primarily driven by a lower reserve release in the current year period, partially offset by a decrease in net charge-offs. Provision for credit losses decreased $101 million in the six months ended June 30, …
•Retailer share arrangements increased $35 million and $210 million for the three and six months ended June 30, 2026, respectively, reflecting program performance and higher purchase volume, and other expense increased $86 million and $159 million for the three and six months ended June 30, 2026, re…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-22
During the three months ended September 30, 2026, no directors or executive officers of the Company adopted, modified or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each such term is defined in Item 408(a) of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2026-07-23
On May 1, 2026, Curtis Howse, Executive Vice President and Chief Executive Officer, Home & Auto, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Howse’s plan covers the sale of an aggregate amount of 104,602 of the Company’s securities, and w…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice