Synchrony Financial’s loan book edged up to $100.1 billion at March 31, 2026 from $99.9 billion a month earlier, while average loan receivables fell to $99.3 billion from $100.7 billion in February.
Delinquencies improved modestly. The 30+ delinquency rate declined to 4.5% in March from 4.7% in February, matching the 4.5% level seen in December and November and sitting below the 4.6% rate in January. A year earlier, the rate was also 4.5%.
Charge-offs were flat month over month. The net charge-off rate held at 5.8% in March, unchanged from February, but up from 4.7% in January. The adjusted net charge-off rate also stayed at 5.8% in March and February, compared with 4.7% in January.
Looking back over the prior year, the charge-off picture was more volatile. The net charge-off rate was 6.2% in March 2025, rose to 6.3% in April, then moved down to 5.1% in May and June before climbing back to 5.8% in July. It then ranged between 5.0% and 5.6% through January 2026 before returning to 5.8% in February and March.
Delinquency trends were steadier. The 30+ delinquency rate started at 4.5% in March 2025, dropped to 4.2% from May through July, then gradually rose to 4.7% in February 2026 before easing back to 4.5% in March.
Loan receivables were essentially unchanged over the year, moving from $99.6 billion in March 2025 to $100.1 billion in March 2026, with a high of $103.8 billion in December 2025. As a result of these announcements, the company's shares have moved -1.23% on the market, and are now trading at a price of $66.80. Check out the company's full 8-K submission here.
