SYNCHRONY FINANCIAL 8-K Filings

Synchrony Financial furnished monthly charge-off and delinquency statistics for its loan portfolio for the thirteen months ended July 31, 2026. Period-end loan receivables were $102.6 billion at July 31, 2026, with average loan receivables of $101.9 billion for that month.

For July 2026, the 30+ delinquency rate was 4.2%, the reported net charge-off rate was 4.7%, and the adjusted net charge-off rate including a 0.2 percentage point recovery adjustment was 4.9%. Consumer credit card loan receivables represented greater than 90% of total period-end loan receivables at July 31, 2026. Synchrony states it plans to continue furnishing these portfolio quality statistics monthly.

Synchrony Financial entered into an underwriting agreement on July 28, 2026 with J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the underwriters, to issue and sell senior debt securities in a public offering.

The company plans to offer $600,000,000 aggregate principal amount of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500,000,000 aggregate principal amount of 6.276% Fixed-to-Floating Rate Senior Notes due 2037 under its Registration Statement on Form S-3 (File No. 333-288729). The Notes will be issued under an Indenture with The Bank of New York Mellon as trustee, consisting of a Base Indenture dated August 11, 2014, as supplemented by the Twelfth Supplemental Indenture dated August 2, 2024 and the Sixteenth Supplemental Indenture dated July 31, 2026. A legal opinion from Sidley Austin LLP on the validity of the Notes is also provided as an exhibit.

Synchrony Financial furnished unaudited monthly credit-quality statistics for the thirteen months ended June 30, 2026. At June 30, 2026, period-end loan receivables were $102.2 billion, with average loan receivables of $101.3 billion and a 30+ delinquency rate of 4.2%.

The June 2026 net charge-off rate was 5.3%, and the adjusted net charge-off rate, including a (0.1%) recovery adjustment, was 5.2%. Consumer credit card loan receivables represented more than 90% of total period-end receivables. Synchrony plans to continue providing these monthly statistics, with quarter-end months furnished together with its quarterly financial results.

Synchrony Financial reported second quarter 2026 net earnings of $885 million, down from $967 million a year earlier, while diluted EPS rose to $2.59 from $2.50 as the share count declined 12.5%. Net interest income was $4.61 billion, up 1.9%, and net interest margin improved to 15.08%, 30 basis points higher than 2Q 2025. Provision for credit losses increased to $1.20 billion, other income rose to $137 million helped by a $30 million Visa B‑2 share exchange gain, and other expense grew to $1.33 billion, producing an efficiency ratio of 35.8%, return on assets of 2.9%, and return on equity of 21.4%.

Business activity remained solid, with purchase volume up 8.1% to $49.8 billion and loan receivables up 2.4% to $102.2 billion, while average active accounts were roughly flat at 68.3 million. Credit quality metrics improved: net charge‑offs were 5.43% of average loan receivables versus 5.70%, 30+ day delinquencies were 4.16% of loans, and the allowance coverage ratio was 10.09% versus 10.59% a year earlier. Deposits totaled $82.8 billion, funding 83% of the balance sheet; total liquid assets were $19.8 billion, 16.2% of assets. The estimated Common Equity Tier 1 ratio was 13.2%. Synchrony returned $950 million to shareholders in the quarter, including $850 million of repurchases and $100 million of dividends, and management’s updated 2026 outlook calls for mid‑single‑digit ending loan receivables growth, diluted EPS of $9.25–$9.50, and a net charge‑off rate of less than 5.5%.

Synchrony Financial announced several executive leadership changes focused on its Digital platform and Technology and Operations organizations. Carol Juel has been appointed Executive Vice President and Chief Executive Officer of Synchrony’s Digital platform, succeeding retiring leader Bart Schaller and continuing to report to CEO Brian Doubles.

Her former technology and operations responsibilities will be split among the broader executive team. Florin Arghirescu has been promoted to Executive Vice President and Chief Technology Officer, leading enterprise technology strategy, AI agenda, engineering and platforms. DJ Casto becomes Executive Vice President, Chief People and Operations Officer, combining Human Resources with responsibility for operations, including servicing, collections and customer care.

The company positions these changes as supporting digital growth, customer experience, AI momentum and emerging areas such as agentic commerce for major digital-first partners like Amazon, PayPal, Venmo and Verizon.

Synchrony Financial reported the results of its 2026 Annual Meeting of Stockholders held on June 24, 2026. Stockholders elected all 12 director nominees, each receiving over 287 million votes in favor with relatively small opposition and abstentions, plus 15,567,869 broker non-votes on each director item.

Stockholders also ratified KPMG LLP as the company’s independent registered public accounting firm for 2026, with 305,208,523 votes for, 4,899,874 against and 116,965 abstentions. In addition, the advisory vote to approve named executive officer compensation passed with 273,729,776 votes for, 18,945,741 against, 1,981,976 abstentions and 15,567,869 broker non-votes.

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.

Synchrony Financial has issued and sold 500,000 depositary shares, each representing a 1/100th interest in a share of its new 7.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C. These preferred shares carry specific dividend, voting, redemption and liquidation rights.

The company filed a Certificate of Designations in Delaware, which amends its Amended and Restated Certificate of Incorporation to establish the Series C terms. Under these terms, if dividends on the Series C are not declared and paid or set aside for the prior dividend period, Synchrony’s ability to pay dividends on, or repurchase, redeem or otherwise acquire its common stock and certain other preferred stock is restricted.

Synchrony also entered into an underwriting agreement with BofA Securities, Barclays Capital and Morgan Stanley to sell the 500,000 depositary shares in a public offering under its existing Form S-3 registration statement, and a deposit agreement with Computershare to administer the depositary share program.

Synchrony Financial furnished monthly credit quality statistics covering the thirteen months ended April 30, 2026. For April 30, 2026, period-end loan receivables were $100.9 billion and the 30+ day delinquency rate was 4.3%.

The reported net charge-off rate was 5.5%, with a recovery adjustment of 0.1%, resulting in an adjusted net charge-off rate of 5.6%. The company defines this adjusted net charge-off measure as non-GAAP and believes it better reflects quarterly and annual loss trends. These credit metrics will continue to be furnished monthly, with quarter-end months released alongside quarterly results.

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.

Synchrony Financial reported solid first quarter 2026 results with net earnings of $805 million, or $2.27 per diluted share, up from $757 million, or $1.89, a year earlier. Net interest income rose to $4.64 billion, driven by higher loan yields and lower funding costs, lifting net interest margin to 15.50%.

Purchase volume grew 6% to $43.0 billion, while loan receivables were stable at $100.1 billion. Credit quality improved, with net charge-offs at 5.42% versus 6.38%. Return on assets reached 2.7% and return on equity 19.5%.

The company returned $1.0 billion to shareholders in the quarter, including $900 million of share repurchases and $104 million of common dividends. The Board approved a new share repurchase program of up to $6.5 billion with no expiration and a planned 13% increase in the quarterly dividend to $0.34 per share starting in the third quarter of 2026. The estimated Common Equity Tier 1 capital ratio was 12.7%, compared with 13.2% a year earlier.

Synchrony Financial filed an update with detailed monthly credit quality statistics for its loan portfolio for the thirteen months ended February 28, 2026. Period-end loan receivables were $99.9 billion at February 28, 2026, with a 30+ day delinquency rate of 4.7% and an adjusted net charge-off rate of 5.8%.

The data show monthly trends in receivables, delinquencies, and net charge-offs, including a non-GAAP adjusted net charge-off rate that smooths recoveries and debt sales across each quarter. Synchrony notes that varying charge-off cycle dates each month can cause charge-off rates to move without a real change in portfolio performance.

Synchrony Financial entered into an underwriting agreement to issue and sell $750,000,000 aggregate principal amount of 4.947% Fixed-to-Floating Rate Senior Notes due 2032 in a public offering under its existing shelf registration statement.

The notes will be issued under an existing base indenture with The Bank of New York Mellon as trustee, as amended by prior supplemental indentures and a new Fifteenth Supplemental Indenture dated February 25, 2026. Major underwriters include BofA Securities, J.P. Morgan Securities and Mizuho Securities USA.

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.

Synchrony Financial filed a current report to make its credit performance data more accessible. The company is furnishing Monthly Charge-Off and Delinquency Statistics for each of the thirteen months ended December 31, 2025 in Exhibit 99.1. These figures show how much of its credit portfolio is written off as uncollectible and how many accounts are past due, which helps readers understand credit quality trends.

The company also states that it intends to continue providing these statistics every month, and that for the last month of each calendar quarter they will be furnished at the same time as its quarterly financial results. The information is furnished under a non‑filed disclosure item, meaning it is not treated as filed for liability purposes or automatically incorporated into other securities law filings unless specifically referenced.

Synchrony Financial filed a current report to share that it has released its earnings information for the fourth quarter of 2025. The company issued a press release on January 27, 2026 detailing its results, and also prepared a financial data supplement, an investor presentation, and an explanation of non-GAAP measures for the quarter ended December 31, 2025. These materials are furnished as exhibits to the report rather than filed, which limits how they are treated under securities laws.

Synchrony Financial filed a current report announcing that it is providing investors with updated credit quality information. The company is furnishing, as Exhibit 99.1, its Monthly Charge-Off and Delinquency Statistics for each of the thirteen months ended November 30, 2025, giving a view of recent trends in loan performance and customer payment behavior.

Synchrony states that it plans to continue furnishing these statistics every month. For the final month of each calendar quarter, the data will be released at the same time as the company’s quarterly financial results, helping readers see how credit metrics and overall performance align. The company also clarifies that this information is being “furnished” under a disclosure item rather than “filed,” which affects how it is treated under securities law.

Synchrony Financial furnished monthly credit metrics via Exhibit 99.1. The report provides Monthly Charge-Off and Delinquency Statistics as of and for each of the thirteen months ended October 31, 2025.

The company intends to continue furnishing these statistics monthly, with the last month of each quarter furnished contemporaneously with its quarterly results. The information was furnished under Item 7.01 and is not deemed “filed” under the Exchange Act.

Synchrony Financial furnished monthly credit performance data via Exhibit 99.1, providing charge-off and delinquency statistics as of and for each of the thirteen months ended September 30, 2025. The company plans to continue furnishing these statistics monthly, with the final month of each calendar quarter furnished at the same time as its quarterly results.

The information was furnished under Item 7.01 and is not deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference unless specifically stated.

Synchrony Financial furnished an 8-K announcing its third quarter 2025 results. The company issued a press release on October 15, 2025 and made supporting materials available, including a Financial Data Supplement, a results presentation for the quarter ended September 30, 2025, and an explanation of non-GAAP measures. These materials were furnished, not filed, under Item 2.02. The report was signed by Executive Vice President, Chief Risk and Legal Officer, Jonathan Mothner.

Synchrony Financial reported that its Board of Directors elected Deborah Ellinger as a director, effective October 1, 2025. She will serve on the company’s Risk Committee and Technology Committee, reflecting a governance focus on risk oversight and technology matters.

Ms. Ellinger will receive total annual director compensation of $320,000, with $100,000 in cash and $220,000 in restricted stock units, plus an additional $20,000 for Risk Committee service and $15,000 for Technology Committee service. She entered into the company’s standard indemnification agreement, and the filing notes there are no related-party arrangements or relationships requiring disclosure.

Synchrony Financial (SYF) held its 2025 Annual Meeting of Stockholders on June 17, 2025, with several key matters put to shareholder vote. The meeting resulted in the following significant outcomes:

• Board Elections: All nominated directors were successfully elected, with Brian D. Doubles receiving strong support (319.1M votes in favor). Notable directors Kamila Chytil and Arthur W. Coviello Jr. also received overwhelming approval with over 318M votes each.
• Independent Auditor: Shareholders strongly approved KPMG LLP as the company's independent registered public accounting firm for 2025, with 331.6M votes in favor (97.8% approval).
• Executive Compensation: The advisory vote on named executive officer compensation passed with 287.7M votes in favor (89.7% of votes cast), showing strong shareholder support for the company's compensation practices.

The meeting demonstrated robust shareholder engagement with relatively low abstention rates across all proposals, indicating clear shareholder direction on corporate governance matters.