other material
confidence high
sentiment negative
materiality 0.55
Synchrony Financial June 2024 credit stats: charge-off 6.1%, delinquency 4.5%
Synchrony Financial
- 30+ day delinquency rate 4.5% at June 30, 2024, up from 3.8% a year earlier.
- Net charge-off rate (annualized) for June 2024 was 6.1%, versus 4.7% in June 2023.
- Adjusted net charge-off rate was 6.1%, reflecting continued moderation in customer payment rates.
- Period-end loan receivables $102.3B at June 30, 2024, up from $94.8B a year ago.
- Company will continue furnishing monthly stats; quarterly stats released with earnings.