other material
confidence high
sentiment neutral
materiality 0.50
Synchrony March 2025 credit metrics: 30+ delinquency 4.5%, net charge-off 6.2%
Synchrony Financial
- Period-end loan receivables $99.6B at March 31, 2025, down from $100.1B in Feb 2025.
- 30+ delinquency rate fell to 4.5% from 4.7% in Feb 2025 and 4.7% a year ago.
- Net charge-off rate was 6.2% (annualized), vs 6.8% in Feb 2025 and 6.6% in Mar 2024.
- Adjusted net charge-off rate also 6.2%, with zero recovery adjustment for March.