01—Abstract
Summary
Summary of the 8-K filed September 10, 2025. Cited figures are marked; the original filing is the authoritative source.
Synchrony Financial furnished its Monthly Charge-Off and Delinquency Statistics for the thirteen months ended August 31, 2025, as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure).
The unaudited data show period-end loan receivables of $100.2 billiona at August 31, 2025, compared with $102.5 billion at August 31, 2024, and average loan receivables, including held for sale, of $99.9 billion for August 2025 versus $102.1 billion a year earlier. Credit metrics for August 2025 were mixed year over year. The 30+ day delinquency rate was 4.3%, down from 4.6% in August 2024.
The net charge-off rate was 5.1%b, compared with 5.6% in August 2024. The adjusted net charge-off rate, which includes a recovery adjustment of 0.2%, was 5.3%, versus 5.7% a year earlier. The filing notes that charge-off timing varies by cycle dates, so monthly charge-off amounts can move without a corresponding change in portfolio performance.
Synchrony states that it will continue furnishing these statistics monthly. For the last month of each calendar quarter, the statistics will be released alongside the company's quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Period-end loan receivables were $100.2 billion at August 31, 2025, versus $102.5 billion at August 31, 2024.
- The 30+ day delinquency rate was 4.3% in August 2025, compared with 4.6% in August 2024, and has ranged from 4.2% to 4.9% over the thirteen months shown.
- The net charge-off rate was 5.1% in August 2025, compared with 5.6% in August 2024.
- The adjusted net charge-off rate, including the recovery adjustment, was 5.3% in August 2025, versus 5.7% in August 2024.
- Consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at August 31, 2025.
- Monthly charge-off figures can fluctuate because charge-off cycle dates vary by month, and the company notes this does not necessarily reflect a change in portfolio performance.
- Going forward, monthly statistics will continue, with quarter-end month data released alongside quarterly earnings.
03—Questions
Frequently Asked Questions
How did Synchrony's credit quality trend in August 2025 compared with August 2024?
The 30+ day delinquency rate fell to 4.3% from 4.6%, the net charge-off rate fell to 5.1% from 5.6%, and the adjusted net charge-off rate fell to 5.3% from 5.7%.
Why is the adjusted net charge-off rate different from the net charge-off rate?
The adjusted rate adds a recovery adjustment, which allocates recoveries, including debt sales, evenly across the three months of each quarter. In August 2025 this adjustment was 0.2%. The company says the adjusted rate is more indicative of its quarterly and annual net charge-off rates.
Why might monthly charge-off numbers move without a change in performance?
Charge-offs are executed on charge-off cycle dates, and the number of those dates in each month varies with the calendar and billing cycles. The filing states that this timing can change the amount of charged-off receivables between months even when portfolio performance is unchanged.
How much of Synchrony's loan portfolio is consumer credit cards?
Consumer credit card loan receivables represent approximately 92% of total period-end loan receivables at August 31, 2025.
When will investors receive these statistics going forward?
Synchrony intends to furnish these statistics monthly. For the last month of each calendar quarter, the statistics will be furnished at the same time as the company announces its quarterly financial results.
04—Continue