01—Abstract
Summary
Summary of the 8-K filed August 17, 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 July 31, 2026, in Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure), filed August 17, 2026.
The information is furnished, not filed, and the company states it will continue to publish these statistics monthly. For the last month of each calendar quarter, the statistics will be released alongside its quarterly financial results. For July 2026, period-end loan receivables were $102.6 billiona, up from $102.2 billion at June 30, 2026 and $100.3 billion at July 31, 2025.
The 30+ day delinquency rate was 4.2%b, unchanged from June 2026 and from July 2025. The net charge-off rate was 4.7% in July 2026, compared with 5.3% in June 2026 and 5.1% in July 2025. The adjusted net charge-off rate, which adds a recovery adjustment of 0.2% in July, was 4.9%, versus 5.2% in June 2026 and 5.1% in July 2025.
The filing notes that consumer credit card loan receivables made up greater than 90%c of total period-end loan receivables at July 31, 2026. It also explains that monthly charge-off figures can move because charge-offs are executed on cycle dates that vary by month, and that recovery adjustments are estimates allocated evenly across each quarter's months and may differ from actual quarterly results.
02—Key points
Key Highlights
- Period-end loan receivables rose to $102.6 billion at July 31, 2026, from $102.2 billion at June 30, 2026 and $100.3 billion at July 31, 2025.
- The 30+ day delinquency rate was 4.2% in July 2026, unchanged from June 2026 and July 2025, and down from peaks of 4.7% in February 2026 and 4.6% in January 2026.
- The net charge-off rate was 4.7% in July 2026, versus 5.3% in June 2026 and 5.1% in July 2025.
- The adjusted net charge-off rate was 4.9% in July 2026, including a 0.2% recovery adjustment, compared with 5.2% in June 2026 and 5.1% in July 2025.
- Average loan receivables, including held for sale, were $101.9 billion in July 2026, compared with $101.3 billion in June 2026.
- Consumer credit card loan receivables represent greater than 90% of total period-end loan receivables at July 31, 2026.
- Synchrony will continue furnishing these statistics monthly, with quarter-end month figures released alongside quarterly earnings.
03—Questions
Frequently Asked Questions
What did Synchrony disclose in this 8-K filing?
Synchrony furnished Exhibit 99.1, its monthly charge-off and delinquency statistics for the thirteen months ended July 31, 2026, under Item 7.01 (Regulation FD Disclosure). The information is furnished and not deemed filed under Section 18 of the Exchange Act.
How did credit quality trend in July 2026 compared with June 2026?
The net charge-off rate was 4.7% in July 2026, compared with 5.3% in June 2026. The adjusted net charge-off rate was 4.9%, versus 5.2% in June. The 30+ day delinquency rate was 4.2% in both months.
How did July 2026 compare with July 2025?
Period-end loan receivables were $102.6 billion in July 2026, versus $100.3 billion in July 2025. The 30+ day delinquency rate was 4.2% in both periods. The net charge-off rate was 4.7% in July 2026 and 5.1% in July 2025, and the adjusted net charge-off rate was 4.9% in July 2026 and 5.1% in July 2025.
Why can monthly charge-off figures fluctuate?
The filing explains that charge-offs occur on charge-off cycle dates that fall on various days each month, and the number of those dates varies with the calendar and billing cycles. The filing states that this can change monthly charge-off amounts without a corresponding change in portfolio performance.
What is the recovery adjustment and why is it used?
The recovery adjustment allocates recoveries, including debt sales, evenly across the three months of each quarter. It was 0.2% in July 2026. The filing states that the adjusted net charge-off rate is useful to investors as a monthly measure more indicative of quarterly and annual net charge-off rates, and that estimates are subject to change and may differ from actual quarterly results.
04—Continue