01—Abstract
Summary
Summary of the 8-K filed September 14, 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 August 31, 2026, under Item 7.01 (Regulation FD) of this Form 8-K, with the data presented in Exhibit 99.1.
The statistics are unaudited and stated in billions of dollars. The company says 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. For August 2026, period-end loan receivables were $103.0 billiona, compared with $100.2 billion at August 31, 2025.
The 30+ day delinquency rate was 4.2%b, versus 4.3% a year earlier, and it has been 4.2% in each of May, June, July and August 2026. The net charge-off rate was 4.9% for August 2026, compared with 5.1% in August 2025. The adjusted net charge-off rate, a non-GAAP measure that includes a recovery adjustment, was also 4.9% for August 2026, versus 5.3% in August 2025.
The filing shows that credit metrics peaked in early 2026. The net charge-off rate reached 5.8%c in both February and March 2026, and the 30+ day delinquency rate reached 4.7% in February 2026. Both metrics improved over the following months.
The company notes that monthly charge-off figures can move with the number of charge-off cycle dates in a month, so single-month results may not reflect portfolio performance changes. Recovery adjustments are estimated for interim months and are allocated evenly across each quarter's three months.
02—Key points
Key Highlights
- Period-end loan receivables were $103.0 billion at August 31, 2026, up from $100.2 billion at August 31, 2025.
- The 30+ day delinquency rate was 4.2% in August 2026, compared with 4.3% in August 2025, and was 4.2% in each of May through August 2026.
- The net charge-off rate was 4.9% in August 2026, compared with 5.1% in August 2025.
- The adjusted net charge-off rate was 4.9% in August 2026, compared with 5.3% in August 2025.
- The net charge-off rate peaked at 5.8% in February and March 2026, and the 30+ day delinquency rate peaked at 4.7% in February 2026.
- Average loan receivables, including held for sale, were $102.3 billion for August 2026.
- The company will furnish these statistics monthly, with the quarter-end month released alongside quarterly earnings results.
03—Questions
Frequently Asked Questions
Is this filing a new financial result or earnings announcement?
No. The filing furnishes monthly charge-off and delinquency statistics under Item 7.01 (Regulation FD). The statistics are unaudited, and the filing states that the information is furnished and not deemed filed for purposes of Section 18 of the Exchange Act.
How did credit quality trend in August 2026 compared with August 2025?
The 30+ day delinquency rate was 4.2% versus 4.3%, the net charge-off rate was 4.9% versus 5.1%, and the adjusted net charge-off rate was 4.9% versus 5.3%. Each metric was modestly lower year over year in August 2026.
Why can monthly charge-off figures fluctuate?
The filing explains that charge-offs are executed on charge-off cycle dates, and the number of these dates varies by month due to the calendar and billing cycle timing. The amount of charged-off receivables can therefore vary between months without a corresponding change in portfolio performance.
What is the adjusted net charge-off rate and how does it differ from the net charge-off rate?
The adjusted net charge-off rate is a non-GAAP measure that adds a recovery adjustment, which allocates recoveries, including debt sales, evenly across the three months of each quarter. The company says it is a monthly measure more indicative of quarterly and annual net charge-off rates.
When will investors receive these statistics going forward?
The company intends to furnish the statistics monthly. For the last month of each calendar quarter, the statistics will be furnished at the same time as the company announces its financial results for that quarter.
04—Continue