Synchrony Financial Reports Decrease in Delinquency and Charge-Off Rates

By Tamara Parker • Tuesday, April 22 10:04 • Permanent Link

Synchrony Financial has released its monthly charge-off and delinquency statistics for the thirteen months ended March 31, 2025. The period-end loan receivables decreased from $100.1 billion in February 2025 to $99.6 billion in March 2025. The average loan receivables, including held for sale, also saw a decline from $101.0 billion in February 2025 to $99.3 billion in March 2025.

The 30+ delinquency rate slightly decreased from 4.7% in February 2025 to 4.5% in March 2025, while the net charge-off rate decreased from 6.8% in February 2025 to 6.2% in March 2025. The recovery adjustment for March 2025 was 0.1%, compared to 0.2% in February 2025. The adjusted net charge-off rate decreased from 6.8% in February 2025 to 6.2% in March 2025.

These statistics indicate a mixed performance, with decreases in both delinquency and charge-off rates, which could be seen as positive signs for the company's credit portfolio quality. Following these announcements, the company's shares moved -2.0%, and are now trading at a price of $46.27. For the full picture, make sure to review Synchrony Financial's 8-K report.

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