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Synchrony Financial (NYSE: SYF) updates March 2026 charge-off, delinquency data

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Form Type
8-K

Rhea-AI Filing Summary

Synchrony Financial furnished updated credit quality metrics, providing monthly charge-off and delinquency statistics for the thirteen months ended March 31, 2026 in Exhibit 99.1.

At March 31, 2026, period-end loan receivables were $100.1 billion, with a 30+ delinquency rate of 4.5% and a net charge-off rate of 5.8%. Loan receivables held for sale were zero and average loan receivables, including held for sale, were $99.3 billion for March 2026.

The company also presents an adjusted net charge-off rate, which matches 5.8% for March 2026, using a recovery adjustment that allocates recoveries, including debt sales, evenly across each quarter. Additional disclosure explains how variations in monthly charge-offs can reflect the timing and number of charge-off cycle dates rather than changes in portfolio performance.

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Period-end loan receivables $100.1 billion As of March 31, 2026
Average loan receivables $99.3 billion Average for March 2026, including held for sale
30+ delinquency rate 4.5% As of March 31, 2026; over-30 day delinquencies as % of period-end loan receivables
Net charge-off rate 5.8% March 2026; annualized net charge-offs as % of average loan receivables
Adjusted net charge-off rate 5.8% March 2026; includes recovery adjustment spreading recoveries across the quarter
Consumer credit card share >90% Consumer credit card loan receivables as share of total period-end receivables at March 31, 2026
Charge-off cycle dates in March 2026 30 Number of different charge-off cycle dates for consumer credit card receivables in March 2026
30+ delinquency rate financial
"References to “30+ delinquency rate” are to over-30 day loan delinquencies as a percentage of period-end loan receivables."
net charge-off rate financial
"References to “net charge-off rate” are to net charge-offs (annualized) as a percentage of average loan receivables, including held for sale."
Net charge-off rate is the percentage of outstanding loans a lender writes off as uncollectible during a period after subtracting any money later recovered. Think of it like a shop marking damaged items as total loss (then accounting for any partial refunds) — it shows how much credit a lender truly lost. Investors watch it because rising rates signal worsening borrower health, lower future profits and higher risk to a bank’s capital.
recovery adjustment financial
"Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period."
Adjusted net charge-off rate financial
"Adjusted net charge-off rate represents adjusted net charge-offs as a percentage of average loan receivables, including held for sale."
non-GAAP financial measure financial
"Adjusted net charge-offs are a non-GAAP financial measure that include the 'recovery adjustment' defined above."
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
FORM 8-K
 
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
April 21, 2026
Date of Report
(Date of earliest event reported) 
 

SYNCHRONY FINANCIAL
(Exact name of registrant as specified in its charter) 
 
Delaware 001-36560 51-0483352
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)
 
777 Long Ridge Road 
Stamford,Connecticut06902
(Address of principal executive offices) (Zip Code)
(203) 585-2400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities Registered Pursuant to Section 12(b) of the Act:


Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.001 per shareSYFNew York Stock Exchange
Depositary Shares Each Representing a 1/40th Interest in a Share of 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series ASYFPrANew York Stock Exchange
Depositary Shares Each Representing a 1/40th Interest in a Share of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series BSYFPrBNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨



Item 7.01Regulation FD Disclosure.

The Company hereby furnishes the information in Exhibit 99.1 hereto, Monthly Charge-Off and Delinquency Statistics as of and for each of the thirteen months ended March 31, 2026.
The Company intends to continue to furnish these statistics on a monthly basis, noting that for the last month of each calendar quarter, the statistics will be furnished contemporaneously with the Company’s announcement of its financial results for such quarter.
The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly stated by specific reference in such filing.
 
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished as part of this report: 

Number  Description
99.1
  
Monthly Charge-off and Delinquency Statistics as of and for each of the thirteen months ended March 31, 2026
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL


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: April 21, 2026
By:
/s/ Jonathan Mothner
Name:
Jonathan Mothner
Title:
Executive Vice President, Chief Risk and Legal Officer


Exhibit 99.1
SYNCHRONY FINANCIAL
MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED
(unaudited, $ in billions)
The following table provides monthly charge-off and delinquency statistics as of and for each of the thirteen months ended March 31, 2026.
Mar 31,
2026		Feb 28,
2026		Jan 31,
2026		Dec 31,
2025		Nov 30,
2025		Oct 31,
2025		Sep 30,
2025		Aug 31,
2025		Jul 31,
2025		Jun 30,
2025		May 31,
2025		Apr 30,
2025		Mar 31,
2025
Period-end loan receivables$100.1 $99.9 $101.7 $103.8 $101.7 $100.4 $100.2 $100.2 $100.3 $99.8 $99.9 $99.5 $99.6 
Loan receivables held for sale$— $— $— $— $— $— $0.2 $0.2 $0.2 $0.2 $— $— $— 
Average loan receivables, including held for sale$99.3 $100.7 $102.1 $102.8 $100.3 $99.8 $100.1 $99.9 $99.7 $99.5 $99.2 $99.1 $99.3 
30+ delinquency rate(1)
4.5 %4.7 %4.6 %4.5 %4.5 %4.5 %4.4 %4.3 %4.2 %4.2 %4.2 %4.3 %4.5 %
Net charge-off rate(1)(2)
5.8 %5.8 %4.7 %5.5 %5.6 %5.0 %5.3 %5.1 %5.1 %5.8 %5.1 %6.3 %6.2 %
Recovery adjustment(3)
— %— %— %(0.1)%(0.2)%0.3 %(0.2)%0.2 %— %(0.1)%0.1 %— %— %
Adjusted net charge-off rate(4)
5.8 %5.8 %4.7 %5.4 %5.4 %5.3 %5.1 %5.3 %5.1 %5.7 %5.2 %6.3 %6.2 %
(1) References to “30+ delinquency rate” are to over-30 day loan delinquencies as a percentage of period-end loan receivables. References to “net charge-off rate” are to net charge-offs (annualized) as a percentage of average loan receivables, including held for sale. Net charge-offs consist of uncollectible principal balances, net of recovered amounts. Uncollectible interest and fees receivables are written off as a reduction of interest and fees on loans.
(2) Charge-offs are executed on charge-off cycle dates which occur on various days during each calendar month. The number of different charge-off cycle dates in each month varies based on such factors as the calendar and the timing of billing cycles. As a result, the amount of charged-off loan receivables can vary between monthly periods with no corresponding change in the performance of the portfolio. The following table sets forth the number of different charge-off cycle dates for our consumer credit card loan receivables, which represent greater than 90% of total period-end loan receivables at March 31, 2026, for the calendar months indicated.
20252026
January2825
February2828
March2830
April2928
May2528
June3028
July2828
August2828
September2829
October2825
November2830
December2928
(3) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. The adjustments for periods other than for the last month of each calendar quarter incorporate estimated recoveries for the applicable full quarterly reporting period. Such estimates are subject to change within each applicable quarter and may differ from actual quarterly results.
(4) Adjusted net charge-off rate represents adjusted net charge-offs as a percentage of average loan receivables, including held for sale. Adjusted net charge-offs are a non-GAAP financial measure that include the 'recovery adjustment' defined above. We believe the presentation of the adjusted net charge-off rate is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.
1

Source: View Original Filing on SEC EDGAR

FAQ

What did Synchrony Financial (SYF) disclose in this April 2026 8-K?

Synchrony Financial furnished Exhibit 99.1 containing monthly charge-off and delinquency statistics for thirteen months ended March 31, 2026. The data includes loan receivables, delinquency rates, net charge-off rates, and related adjustments, offering detailed insight into recent credit performance trends.

What were Synchrony Financial’s loan receivables at March 31, 2026?

At March 31, 2026, Synchrony Financial reported period-end loan receivables of $100.1 billion. Average loan receivables, including held for sale, were $99.3 billion for March 2026, providing both a point-in-time and an average balance view of its credit portfolio size.

What were SYF’s delinquency and net charge-off rates in March 2026?

For March 31, 2026, Synchrony Financial’s 30+ delinquency rate was 4.5%, and its net charge-off rate was 5.8%. These percentages relate to period-end loan receivables and average loan receivables, respectively, and summarize March credit performance for the portfolio.

What is Synchrony Financial’s adjusted net charge-off rate and why is it used?

The adjusted net charge-off rate incorporates a recovery adjustment that spreads recoveries, including debt sales, evenly across each quarter. Synchrony Financial states this non-GAAP measure is useful to investors because it provides a monthly figure more indicative of quarterly and annual net charge-off rates.

How often will Synchrony Financial (SYF) provide these charge-off and delinquency statistics?

Synchrony Financial intends to furnish these charge-off and delinquency statistics on a monthly basis. For the last month of each calendar quarter, it plans to furnish the statistics at the same time as its financial results announcement for that quarter.

What is the recovery adjustment mentioned in Synchrony Financial’s statistics?

The recovery adjustment reallocates recoveries, including debt sales, evenly across the three months in each quarterly reporting period. For months other than the last in a quarter, it incorporates estimated recoveries, which may change, to better align monthly and quarterly net charge-off measures.

Why does Synchrony Financial discuss charge-off cycle dates in this report?

Synchrony Financial notes charge-offs occur on various cycle dates throughout each month, and the number of such dates can change. This timing affects monthly charged-off amounts, meaning period-to-period fluctuations may reflect scheduling differences rather than underlying changes in credit portfolio performance.

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