other material
confidence high
sentiment neutral
materiality 0.55
Synchrony Financial Feb 2025 charge-off rate rises to 6.8%; delinquency steady at 4.7%
Synchrony Financial
- Period-end loan receivables $100.1B, down from $102.2B in Jan 2025 and $100.0B in Feb 2024.
- Net charge-off rate (annualized) 6.8% vs 6.2% in Jan 2025 and 6.5% a year ago.
- 30+ day delinquency rate 4.7%, unchanged from Jan 2025 vs 5.0% in Feb 2024.
- Adjusted net charge-off rate (non-GAAP) also 6.8% after recovery adjustment.