01—Abstract
Summary
Summary of the 8-K filed February 10, 2026. Cited figures are marked; the original filing is the authoritative source.
Synchrony Financial furnished under Item 7.01 (Regulation FD) its monthly charge-off and delinquency statistics for the thirteen months ended January 31, 2026, in Exhibit 99.1.
The company states it will continue furnishing these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its quarterly earnings announcement. The information is furnished, not filed, for Section 18 purposes. For January 2026, period-end loan receivables were $101.7 billiona, compared with $102.2 billion at January 31, 2025 and $103.8 billion at December 31, 2025.
The 30+ day delinquency rate was 4.6%b, down from 4.7% in January 2025 and up from 4.5% in December 2025. The net charge-off rate was 4.7% for January 2026, compared with 6.2% in January 2025 and 5.5% in December 2025. The adjusted net charge-off rate, which includes a recovery adjustment, was also 4.7% for January 2026, with no recovery adjustment in that month.
The exhibit notes that charge-offs are executed on cycle dates that vary by month, so monthly charged-off amounts can move without a corresponding change in portfolio performance. The number of consumer credit card charge-off cycle dates in January was 25 in 2026, compared with 28 in January 2025. Consumer credit card receivables represent greater than 90%c of total period-end loan receivables.
02—Key points
Key Highlights
- Period-end loan receivables were $101.7 billion at January 31, 2026, versus $102.2 billion a year earlier and $103.8 billion at December 31, 2025.
- The 30+ day delinquency rate was 4.6% in January 2026, compared with 4.7% in January 2025 and 4.5% in December 2025.
- The net charge-off rate was 4.7% in January 2026, down from 6.2% in January 2025 and 5.5% in December 2025.
- The adjusted net charge-off rate was 4.7% in January 2026, with no recovery adjustment recorded for the month.
- Average loan receivables, including held for sale, were $102.1 billion in January 2026, versus $102.8 billion in January 2025.
- Loan receivables held for sale were zero at January 31, 2026, after $0.2 billion in each month from July through October 2025.
- Synchrony will furnish these statistics monthly, with last-month-of-quarter figures released alongside quarterly earnings.
03—Questions
Frequently Asked Questions
What did Synchrony disclose in this 8-K filing?
Synchrony furnished monthly charge-off and delinquency statistics for the thirteen months ended January 31, 2026, in Exhibit 99.1 under Item 7.01 (Regulation FD). The information is furnished rather than filed for purposes of Section 18 of the Exchange Act.
How did credit performance look in January 2026?
The 30+ day delinquency rate was 4.6% and the net charge-off rate was 4.7%. Both compare with 4.7% and 6.2%, respectively, in January 2025, and the net charge-off rate was 5.5% in December 2025.
How large was the loan portfolio?
Period-end loan receivables were $101.7 billion at January 31, 2026, down from $102.2 billion at January 31, 2025 and $103.8 billion at December 31, 2025. Average loan receivables for January 2026 were $102.1 billion.
Why can monthly charge-off figures fluctuate?
The filing explains that charge-offs occur on cycle dates that differ by month because of the calendar and billing cycle timing. In January the number of consumer credit card charge-off cycle dates was 25 in 2026, versus 28 in January 2025, so monthly amounts can change without a corresponding change in portfolio performance.
When will Synchrony provide these statistics in the future?
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's quarterly financial results announcement.
04—Continue