01—Abstract
Summary
Summary of the 8-K filed January 27, 2026. 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 December 31, 2025, under Item 7.01 (Regulation FD) of this Form 8-K.
The information is furnished, not filed. The company says it will continue furnishing these statistics monthly, and for the last month of each calendar quarter it will furnish them alongside its quarterly earnings announcement. As of December 31, 2025, period-end loan receivables were $103.8 billiona, compared with $104.7 billion a year earlier.
Average loan receivables for December 2025 were $102.8 billionb. The 30+ day delinquency rate was 4.5% in December 2025, versus 4.7% in December 2024. The net charge-off rate was 5.5% in December 2025, versus 6.9% in December 2024.
The adjusted net charge-off rate, which includes a recovery adjustment and is a non-GAAP measure, was 5.4%c in December 2025, versus 6.7% a year earlier. The monthly data shows the rates moving within a range over 2025. The net charge-off rate ranged from 5.0% to 6.8%, and the adjusted rate ranged from 5.1% to 6.8% across the thirteen months.
The company notes that monthly charge-offs can vary with the number of charge-off cycle dates in a given month, so single-month figures should be read with that timing effect in mind. The statistics are unaudited.
02—Key points
Key Highlights
- Period-end loan receivables were $103.8 billion at December 31, 2025, down from $104.7 billion at December 31, 2024.
- The 30+ day delinquency rate was 4.5% in December 2025, compared with 4.7% in December 2024.
- The net charge-off rate was 5.5% in December 2025, compared with 6.9% in December 2024.
- The adjusted net charge-off rate, a non-GAAP measure, was 5.4% in December 2025, compared with 6.7% in December 2024.
- Average loan receivables for December 2025 were $102.8 billion, up from $100.3 billion in November 2025.
- The company will continue furnishing these statistics monthly, with the quarter-end month released alongside quarterly earnings results.
- The statistics are unaudited and are furnished under Regulation FD, not filed for Section 18 purposes.
03—Questions
Frequently Asked Questions
What did Synchrony Financial disclose in this 8-K?
The company furnished Exhibit 99.1, which contains unaudited monthly charge-off and delinquency statistics for the thirteen months ended December 31, 2025, including period-end and average loan receivables, the 30+ day delinquency rate, the net charge-off rate, the recovery adjustment, and the adjusted net charge-off rate.
How did credit quality trend at year-end 2025 compared with a year earlier?
The filing shows lower rates at December 31, 2025 than at December 31, 2024. The 30+ day delinquency rate was 4.5% versus 4.7%, the net charge-off rate was 5.5% versus 6.9%, and the adjusted net charge-off rate was 5.4% versus 6.7%.
Why do monthly charge-off figures fluctuate?
According to the filing, charge-offs are executed on charge-off cycle dates that occur on various days each month. The number of cycle dates varies with the calendar and billing cycles, so the charged-off amount can change between months without a corresponding change in portfolio performance.
What is the adjusted net charge-off rate and why does the company present it?
The adjusted net charge-off rate includes a recovery adjustment that allocates recoveries, including debt sales, evenly across the three months of each quarter. The company describes it as a non-GAAP measure and says it is useful to investors because it is a monthly measure more indicative of quarterly and annual net charge-off rates.
When will Synchrony Financial provide future updates of these statistics?
The company intends to continue furnishing these statistics monthly. For the last month of each calendar quarter, the statistics will be furnished at the same time as its announcement of quarterly financial results.
04—Continue