Synchrony Financial reported its monthly charge-off and delinquency statistics as of and for each of the thirteen months ended May 31, 2025. The period-end loan receivables for May 31, 2025, amounted to $99.9 billion, which increased from $99.5 billion in April 2025 and $99.6 billion in March 2025.
The 30+ delinquency rate for May 31, 2025, stood at 4.2%, slightly lower than the 4.3% reported for April 30, 2025, and 4.5% for March 31, 2025. However, the net charge-off rate for May 31, 2025, was 5.1%, down from 6.3% in April 30, 2025, and 6.2% in March 31, 2025.
Additionally, the recovery adjustment for May 31, 2025, was 0.1%, compared to 0% in April 30, 2025, and March 31, 2025. Consequently, the adjusted net charge-off rate for May 31, 2025, was 5.2%, showing a decrease from 6.3% in April 30, 2025, and 6.2% in March 31, 2025.
The average loan receivables, including held for sale, for May 31, 2025, summed to $99.2 billion, slightly up from $99.1 billion in April 30, 2025, and $99.3 billion in March 31, 2025. These figures indicate fluctuations in the company's charge-off and delinquency metrics over the past three months. The market has reacted to these announcements by moving the company's shares -0.6% to a price of $60.465. If you want to know more, read the company's complete 8-K report here.
