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

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Synchrony Financial furnished monthly credit quality statistics for the thirteen months ended May 31, 2026. Period-end loan receivables were $101.7 billion at May 31, 2026, with average loan receivables of $100.6 billion for that month.

The 30+ delinquency rate at May 31, 2026 was 4.2%. The reported net charge-off rate was 5.5%, and the adjusted net charge-off rate, a non-GAAP metric that smooths recoveries and debt sales within each quarter, was 5.4%.

The company plans to continue providing these monthly charge-off and delinquency statistics, with data for each quarter’s final month furnished at the same time as its quarterly financial results.

8-K Event Classification

2 items: 7.01, 9.01

2 items

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.

Key Figures

Period-end loan receivables: $101.7 billion Average loan receivables: $100.6 billion 30+ delinquency rate: 4.2% +4 more

7 metrics

Period-end loan receivables $101.7 billion As of May 31, 2026

Average loan receivables $100.6 billion May 2026, including held for sale

30+ delinquency rate 4.2% As of May 31, 2026

Net charge-off rate 5.5% May 31, 2026 month (annualized, vs average receivables)

Adjusted net charge-off rate 5.4% May 31, 2026, including recovery adjustment

Consumer credit card share >90% of total loan receivables Portion of period-end loan receivables at May 31, 2026

Charge-off cycle dates (May 2026) 28 dates Number of different charge-off cycle dates in May 2026

Key Terms

30+ delinquency rate, net charge-off rate, recovery adjustment, adjusted net charge-off rate, +2 more

6 terms

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.

charge-off cycle dates financial

"Charge-offs are executed on charge-off cycle dates which occur on various days during each calendar month."

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Understanding 8-K Material Events →

06/08/2026 - 05:45 PM

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

June 9, 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 May 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 May 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: June 9, 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 May 31, 2026.


	May 31, 2026			Apr 30, 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

Period-end loan receivables	$	101.7		$	100.9		$	100.1		$	99.9		$	101.7		$	103.8		$	101.7		$	100.4		$	100.2		$	100.2		$	100.3		$	99.8		$	99.9
Loan receivables held for sale	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	0.2		$	0.2		$	0.2		$	0.2		$	—
Average loan receivables, including held for sale	$	100.6		$	100.2		$	99.3		$	100.7		$	102.1		$	102.8		$	100.3		$	99.8		$	100.1		$	99.9		$	99.7		$	99.5		$	99.2

30+ delinquency rate(1)	4.2		%	4.3		%	4.5		%	4.7		%	4.6		%	4.5		%	4.5		%	4.5		%	4.4		%	4.3		%	4.2		%	4.2		%	4.2		%

Net charge-off rate(1)(2)	5.5		%	5.5		%	5.8		%	5.8		%	4.7		%	5.5		%	5.6		%	5.0		%	5.3		%	5.1		%	5.1		%	5.8		%	5.1		%
Recovery adjustment(3)	(0.1)		%	0.1		%	—		%	—		%	—		%	(0.1)		%	(0.2)		%	0.3		%	(0.2)		%	0.2		%	—		%	(0.1)		%	0.1		%
Adjusted net charge-off rate(4)	5.4		%	5.6		%	5.8		%	5.8		%	4.7		%	5.4		%	5.4		%	5.3		%	5.1		%	5.3		%	5.1		%	5.7		%	5.2		%

(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 May 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Synchrony Financial furnished monthly charge-off and delinquency statistics for the thirteen months ended May 31, 2026. The data, provided in Exhibit 99.1, includes loan receivables, delinquency rates, and net and adjusted net charge-off rates on an unaudited basis.

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

At May 31, 2026, Synchrony Financial reported period-end loan receivables of $101.7 billion. Average loan receivables, including held-for-sale balances, were $100.6 billion for that month, reflecting the size of the company’s consumer credit portfolio during the period.

What were SYF’s 30+ delinquency and net charge-off rates in May 2026?

For May 31, 2026, Synchrony’s 30+ delinquency rate was 4.2%. The net charge-off rate was 5.5%, with an adjusted net charge-off rate of 5.4% that reflects a quarterly allocation of recoveries, including debt sales, across the three months.

How does Synchrony Financial define the adjusted net charge-off rate?

The adjusted net charge-off rate is a non-GAAP measure that equals adjusted net charge-offs as a percentage of average loan receivables. Adjusted net charge-offs include a recovery adjustment that spreads recoveries, including debt sales, evenly across each quarterly reporting period.

How frequently will SYF provide these charge-off and delinquency statistics?

Synchrony intends to furnish these charge-off and delinquency statistics monthly. For the last month of each calendar quarter, the company plans to furnish the data at the same time it announces its financial results for that quarter.

What portion of Synchrony’s portfolio do consumer credit card loans represent?

Consumer credit card loan receivables represent greater than 90% of Synchrony’s total period-end loan receivables as of May 31, 2026. The filing also discloses the number of different charge-off cycle dates by month for this large consumer credit card portfolio.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 86.0 KB