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Get filing alertsSynchrony Financial reports improved credit metrics: charge-offs fall to 5.3%, delinquencies stable at 4.2%
Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
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Net charge-off rate improved to 5.3% in June 2026 from 5.5% in May and 5.8% a year earlier, while adjusted charge-offs fell to 5.2% from 5.7% year-over-year, signaling better credit performance.
Exhibit 99.1 view on EDGAR → -
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30+ day delinquency rate held at 4.2% in June, down from a February 2026 peak of 4.7% and matching the June 2025 level, reflecting four consecutive months of improvement.
Exhibit 99.1 view on EDGAR → -
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Period-end loan receivables grew 2.4% year-over-year to $102.2 billion, with sequential growth March 2026.
Exhibit 99.1 view on EDGAR →
Summary
Synchrony Financial disclosed monthly credit performance data showing continued improvement in asset quality. The company's net charge-off rate declined to 5.3% in June 2026 from 5.5% the prior month and 5.8% a year earlier, while the adjusted charge-off rate (which smooths recoveries across quarters) fell to 5.2% from 5.7% year-over-year. Delinquencies remained stable at 4.2%, matching the June 2025 level and down from a February 2026 peak of 4.7%.
The improving credit trends occurred alongside modest portfolio growth, with loan receivables reaching $102.2 billion, up 2.4% year-over-year. For a consumer lender, declining charge-offs and stable delinquencies suggest the credit cycle may be stabilizing after earlier deterioration. Investors should monitor whether these trends persist through the second half of 2026, particularly if economic conditions shift or consumer spending patterns change.
Section-by-Section Diff
Event · Exhibit 99.1
Synchrony Financial disclosed monthly charge-off and delinquency statistics for the thirteen months ended June 30, 2026.
Added in current filing · view on EDGAR →
Jun 30, 2026 ... Period-end loan receivables $ 102.2 ... 30+ delinquency rate(1) 4.2 % ... Net charge-off rate(1) (2) 5.3 % ... Adjusted net charge-off rate(4) 5.2 %
As of June 30, 2026, Synchrony reported period-end loan receivables of $102.2 billion, a 30+ day delinquency rate of 4.2%, a net charge-off rate of 5.3%, and an adjusted net charge-off rate of 5.2%. The delinquency rate remained flat month-over-month at 4.2%, while the net charge-off rate improved from 5.5% in May to 5.3% in June.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify