Synchrony Financial ended May with loan receivables of $101.7 billion, up from $100.9 billion at the end of April and $99.9 billion a year earlier.
The company’s 30-plus-day delinquency rate improved to 4.2% in May from 4.3% in April and 4.7% in February. A year earlier, the delinquency rate was also 4.2%.
Net charge-offs were 5.5% in May, unchanged from April but down from 5.8% in March and February. Compared with May 2025, when the rate was 5.1%, the May 2026 reading was up 0.4 percentage points.
After the recovery adjustment, the adjusted net charge-off rate was 5.4% in May, down from 5.6% in April and 5.8% in March and February. Versus May 2025, the adjusted rate rose from 5.2% to 5.4%.
Average loan receivables, including held for sale, increased to $100.6 billion in May from $100.2 billion in April and $99.2 billion in May 2025. Loan receivables held for sale were zero in May, after sitting at $0.2 billion in each month from September through December 2025 and again in June through August 2025.
The month also came with a slightly lower recovery adjustment of negative 0.1%, compared with positive 0.1% in April and flat in March and February. As a result of these announcements, the company's shares have moved 2.76% on the market, and are now trading at a price of $72.495. If you want to know more, read the company's complete 8-K report here.
