Synchrony Financial – Decrease in Loan Receivables, Increase in Net Charge-Off Rate

By Tamara Parker • Monday, March 17 15:17 • Permanent Link

Synchrony Financial has released its monthly charge-off and delinquency statistics for the thirteen months ended February 28, 2025. The period-end loan receivables decreased from $102.2 billion in January 2025 to $100.1 billion in February 2025. The average loan receivables, including those held for sale, also decreased from $102.8 billion in January 2025 to $101.0 billion in February 2025.

The 30+ delinquency rate remained constant at 4.7% in both January and February 2025. However, the net charge-off rate increased from 6.2% in January 2025 to 6.8% in February 2025. Additionally, the recovery adjustment remained at 0% in February 2025, the same as in January 2025.

The adjusted net charge-off rate, which includes the recovery adjustment, increased from 6.2% in January 2025 to 6.8% in February 2025.

These figures indicate a decrease in loan receivables and an increase in the net charge-off rate from January to February 2025. These changes could potentially impact the financial performance and stability of Synchrony Financial in the coming months. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $53.16. For more information, read the company's full 8-K submission here.

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