other material
confidence high
sentiment positive
materiality 0.70
Synchrony Financial May 2025 credit stats: net charge-off rate improves to 5.1% from 6.5% YoY
Synchrony Financial
- Period-end loan receivables $99.9B vs $102.4B a year earlier, down $2.5B.
- 30+ day delinquency rate fell to 4.2% from 4.5% YoY, a 30 bps improvement.
- Net charge-off rate (annualized) dropped 140 bps to 5.1% from 6.5% in May 2024.
- Adjusted net charge-off rate also improved to 5.2% from 6.4% YoY.
- Charge-off cycle dates varied; consumer credit card loans were ~92% of total receivables.