01—Abstract
Summary
Summary of the 8-K filed October 20, 2026. Cited figures are marked; the original filing is the authoritative source.
Synchrony Financial (SYF) furnished this Form 8-K under Item 7.01 (Regulation FD Disclosure), providing its Monthly Charge-off and Delinquency Statistics (Exhibit 99.1) for the thirteen months ended September 30, 2026.
The filing states the information is furnished, not filed, and that the company intends to continue furnishing these statistics monthly, with the last month of each calendar quarter's statistics released alongside its quarterly earnings announcement. For September 30, 2026, period-end loan receivables were $103.3 billiona, up from $100.2 billion at September 30, 2025. The 30+ delinquency rate was 4.3%, compared with 4.4% a year earlier.
The net charge-off rate was 4.7%b and the adjusted net charge-off rate was 4.6% for September 2026, versus 5.3% and 5.1% respectively in September 2025. The monthly series shows net charge-off rates peaking at 5.8% in January and February 2026 and March 2026 before easing to 4.7% in July 2026 and 4.9% in August 2026.
The 30+ delinquency rate ranged from 4.2%c to 4.7% over the period, with the highest reading at 4.7% in January 2026. The exhibit also notes that charge-off timing varies by cycle-date count, which can cause monthly swings unrelated to portfolio performance.
02—Key points
Key Highlights
- Period-end loan receivables of $103.3 billion at September 30, 2026, versus $100.2 billion at September 30, 2025.
- September 2026 net charge-off rate of 4.7% and adjusted net charge-off rate of 4.6%, compared with 5.3% and 5.1% in September 2025.
- 30+ delinquency rate of 4.3% at September 30, 2026, down from 4.4% a year earlier.
- Net charge-off rate peaked at 5.8% in January, February and March 2026 before declining to 4.7% in July 2026.
- Adjusted net charge-off rate was 4.9% in both July and August 2026, versus 5.8% in the first quarter of 2026.
- Company will continue monthly furnishing of these statistics, with quarter-end months released alongside quarterly earnings.
- Exhibit 99.1 is furnished under Item 7.01 and is not deemed filed for Section 18 liability purposes.
03—Questions
Frequently Asked Questions
What is the purpose of this 8-K filing?
The filing furnishes Monthly Charge-off and Delinquency Statistics for the thirteen months ended September 30, 2026, under Item 7.01 (Regulation FD Disclosure). The information is furnished rather than filed and is not incorporated by reference into other filings unless specifically stated.
How did credit losses trend in September 2026 compared with a year earlier?
The net charge-off rate was 4.7% in September 2026 versus 5.3% in September 2025, and the adjusted net charge-off rate was 4.6% versus 5.1%. The 30+ delinquency rate was 4.3% versus 4.4%.
How did loan receivables change?
Period-end loan receivables were $103.3 billion at September 30, 2026, compared with $100.2 billion at September 30, 2025. Average loan receivables including held for sale were $102.7 billion in September 2026.
Why do monthly charge-off rates 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, so charged-off amounts can vary between months without a change in portfolio performance. The company also notes that the recovery adjustment is estimated and allocated evenly across quarterly months.
When will investors receive future updates?
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 the company's quarterly financial results announcement.
04—Continue