01—Abstract
Summary
Summary of the 8-K filed May 15, 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 April 30, 2026, under Item 7.01 (Regulation FD Disclosure).
The information is furnished, not filed, and is not subject to Section 18 liabilities. The company states it will continue to provide these statistics monthly, and for the last month of each calendar quarter it will furnish them alongside its quarterly financial results. As of April 30, 2026, period-end loan receivables were $100.9 billiona, compared with $99.5 billion a year earlier.
The 30+ day delinquency rate was 4.3%b for April 2026, down from 4.5% in March 2026 and equal to the 4.3% reported for April 2025. The net charge-off rate was 5.5% for April 2026, versus 6.3% for April 2025. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was 5.6% for April 2026 and 6.3% for April 2025.
The filing notes that monthly charge-off figures can vary with the number of charge-off cycle dates in each month, which can change reported results without a corresponding change in portfolio performance. Consumer credit card loans represent greater than 90%c of total period-end loan receivables at April 30, 2026. The recovery adjustment allocates recoveries, including debt sales, evenly across each quarter's three months, and its estimates may change within the quarter.
02—Key points
Key Highlights
- Period-end loan receivables were $100.9 billion at April 30, 2026, up from $99.5 billion at April 30, 2025.
- The 30+ day delinquency rate was 4.3% in April 2026, down from 4.5% in March 2026 and equal to 4.3% in April 2025.
- The net charge-off rate was 5.5% in April 2026, compared with 6.3% in April 2025.
- The adjusted net charge-off rate, including the recovery adjustment, was 5.6% in April 2026 versus 6.3% in April 2025.
- Average loan receivables, including held for sale, were $100.2 billion in April 2026.
- Consumer credit card loans represent greater than 90% of total period-end loan receivables at April 30, 2026.
- The company will continue monthly disclosure and will furnish quarter-end month statistics with its quarterly earnings announcements.
03—Questions
Frequently Asked Questions
Are these statistics considered filed with the SEC?
No. The filing states that the information under Item 7.01, including Exhibit 99.1, is furnished pursuant to Item 7.01 and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other filings except where expressly stated.
How did net charge-offs compare year over year for April?
The net charge-off rate was 5.5% for April 2026 compared with 6.3% for April 2025. The adjusted net charge-off rate, which includes a recovery adjustment, was 5.6% for April 2026 and 6.3% for April 2025.
What was the trend in delinquencies?
The 30+ day delinquency rate was 4.3% in April 2026, down from 4.5% in March 2026 and 4.7% in February 2026. It was 4.3% in April 2025.
Why can monthly charge-off figures fluctuate?
The filing explains that charge-offs occur on charge-off cycle dates that vary in number by month, based on the calendar and billing cycle timing. This can cause charged-off balances to vary between months without a corresponding change in portfolio performance. The company also notes that the recovery adjustment spreads quarterly recoveries evenly across the quarter's months and may change within the quarter.
When will investors receive the next quarter-end statistics?
The company intends to furnish 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