Synchrony Financial Oct 2024 credit stats: 30+ delinquency rate 4.9%, net charge-off rate 6.2%

Synchrony Financial

Period-end loan receivables $102.3B; average loan receivables $101.7B for the month.
30+ delinquency rate 4.9% at Oct 31, 2024, up from 4.6% a year ago.
Net charge-off rate (annualized) 6.2% for Oct 2024, vs. 5.4% in Oct 2023.
Adjusted net charge-off rate 6.4%, reflecting recovery allocation adjustments.
YoY increases attributed to continued moderation in customer payment rates.

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