January 2026 credit metrics detailed by Synchrony Financial (NYSE: SYF)

Rhea-AI Filing Summary

Synchrony Financial furnished updated credit quality statistics for its loan portfolio through January 31, 2026. Period-end loan receivables were $101.7 billion, with average loan receivables of $102.1 billion for the month.

The January 30+ delinquency rate, which measures loans more than 30 days past due as a share of period-end receivables, was 4.6%. The net charge-off rate, reflecting annualized net losses as a percentage of average loan receivables, was 4.7%.

Synchrony also reported an adjusted net charge-off rate of 4.7%, a non-GAAP measure that smooths recoveries, including debt sales, across each quarter. The company states this adjusted metric is intended to give investors a monthly view more indicative of quarterly and annual net charge-off performance.

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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

February 10, 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,			Connecticut						06902
(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 class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.001 per share			SYF			New 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 A			SYFPrA			New 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 B			SYFPrB			New 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 7.01 Regulation 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 January 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 9.01 Financial 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 January 31, 2026
104						The 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: February 10, 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 January 31, 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						Feb 28, 2025						Jan 31, 2025
Period-end loan receivables			$	101.7					$	103.8					$	101.7					$	100.4					$	100.2					$	100.2					$	100.3					$	99.8					$	99.9					$	99.5					$	99.6					$	100.1					$	102.2
Loan receivables held for sale			$	—					$	—					$	—					$	—					$	0.2					$	0.2					$	0.2					$	0.2					$	—					$	—					$	—					$	—					$	—
Average loan receivables, including held for sale			$	102.1					$	102.8					$	100.3					$	99.8					$	100.1					$	99.9					$	99.7					$	99.5					$	99.2					$	99.1					$	99.3					$	101.0					$	102.8
30+ delinquency rate(1)			4.6		%				4.5		%				4.5		%				4.5		%				4.4		%				4.3		%				4.2		%				4.2		%				4.2		%				4.3		%				4.5		%				4.7		%				4.7		%
Net charge-off rate(1)(2)			4.7		%				5.5		%				5.6		%				5.0		%				5.3		%				5.1		%				5.1		%				5.8		%				5.1		%				6.3		%				6.2		%				6.8		%				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)			4.7		%				5.4		%				5.4		%				5.3		%				5.1		%				5.3		%				5.1		%				5.7		%				5.2		%				6.3		%				6.2		%				6.8		%				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 January 31, 2026, for the calendar months indicated.
			2025						2026
January			28						25
February			28						28
March			28						30
April			29						28
May			25						28
June			30						28
July			28						28
August			28						28
September			28						29
October			28						25
November			28						30
December			29						28
(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

FAQ

What credit metrics did Synchrony Financial (SYF) report for January 31, 2026?

Synchrony Financial reported period-end loan receivables of $101.7 billion and average loan receivables of $102.1 billion for January 31, 2026. The 30+ delinquency rate was 4.6% and the net charge-off rate was 4.7% for the month.

What is Synchrony Financial’s 30+ delinquency rate and how is it defined?

The 30+ delinquency rate was 4.6% for January 31, 2026. Synchrony defines this as over-30 day loan delinquencies as a percentage of period-end loan receivables, providing a snapshot of how much of the portfolio is more than 30 days past due.

What net charge-off rate did Synchrony Financial (SYF) report for January 2026?

Synchrony reported a January 2026 net charge-off rate of 4.7%. This represents net charge-offs, annualized, as a percentage of average loan receivables, including held-for-sale loans, and reflects uncollectible principal balances net of recovered amounts.

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

The adjusted net charge-off rate was 4.7% for January 2026. It includes a recovery adjustment that allocates recoveries, including debt sales, evenly across the quarter, which Synchrony believes better reflects quarterly and annual net charge-off trends on a monthly basis.

How large was Synchrony Financial’s loan portfolio over the recent 13-month period?

Synchrony’s period-end loan receivables ranged from $99.5 billion to $103.8 billion over the thirteen months ended January 31, 2026. These monthly figures show the overall size of the company’s loan book through varying seasonal and portfolio conditions.

How often will Synchrony Financial provide charge-off and delinquency statistics?

Synchrony intends to furnish monthly charge-off and delinquency statistics on an ongoing basis. For the last month of each calendar quarter, the statistics will be provided at the same time as the company’s financial results for that quarter are announced.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 86.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.2 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 15.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 27.7 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 16.4 KB