01—Abstract
Summary
Summary of the 8-K filed April 21, 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 March 31, 2026, as Exhibit 99.1.
The company states it will continue to furnish these statistics monthly, and for the last month of each calendar quarter it will furnish them together with its announcement of quarterly financial results. The information is furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934. For March 2026, period-end loan receivables were $100.1 billiona, compared with $99.6 billion at March 31, 2025, and average loan receivables, including held for sale, were $99.3 billion.
The 30+ day delinquency rate was 4.5%b, the same as in March 2025. The net charge-off rate was 5.8% for March 2026, compared with 6.2% in March 2025, and the adjusted net charge-off rate was also 5.8%. The filing notes that the adjusted net charge-off rate includes a recovery adjustment that allocates recoveries, including debt sales, evenly across the three months of each quarter.
Month-to-month results in the exhibit varied. The net charge-off rate was 4.7%c in January 2026 and 5.8% in February 2026, and 5.5% in December 2025.
The filing also explains that charge-off cycle dates vary by month, so reported monthly charge-offs can move without a corresponding change in portfolio performance. Investors should therefore read the monthly figures alongside the quarterly results the company reports.
02—Key points
Key Highlights
- Monthly statistics for the thirteen months ended March 31, 2026 were furnished under Item 7.01 and are unaudited.
- Period-end loan receivables were $100.1 billion at March 31, 2026, versus $99.6 billion a year earlier.
- The 30+ day delinquency rate was 4.5% in March 2026, unchanged from March 2025.
- The net charge-off rate was 5.8% in March 2026, down from 6.2% in March 2025, and the adjusted net charge-off rate was 5.8%.
- February 2026 net charge-off rate was 5.8%, while January 2026 was 4.7%, illustrating month-to-month variability.
- Going forward, the company will furnish these statistics monthly, with quarter-end months released alongside quarterly earnings.
- The filing states that the furnished information is not deemed filed under Section 18 of the Exchange Act.
03—Questions
Frequently Asked Questions
What is the purpose of this 8-K filing?
The company furnishes its monthly charge-off and delinquency statistics under Item 7.01 (Regulation FD Disclosure), providing the data for the thirteen months ended March 31, 2026 in Exhibit 99.1.
How did credit quality compare year over year in March?
In March 2026, the 30+ day delinquency rate was 4.5%, the same as March 2025. The net charge-off rate was 5.8%, compared with 6.2% in March 2025.
Why do monthly charge-off figures fluctuate?
The filing explains that charge-offs are executed on charge-off cycle dates that vary by month, based on the calendar and billing cycles. The count of cycle dates differs between months, so the amount charged off can change without a corresponding change in portfolio performance.
What is the adjusted net charge-off rate?
It is a non-GAAP measure that includes a recovery adjustment allocating recoveries, including debt sales, evenly across the three months of each quarter. The company says it provides a monthly measure more indicative of its quarterly and annual net charge-off rates. For March 2026 it was 5.8%.
When will the next quarter-end statistics be released?
For the last month of each calendar quarter, the company will furnish the statistics at the same time it announces its financial results for that quarter.
04—Continue