Synchrony Financial’s loan book edged higher in July while credit performance improved modestly from June.
Period-end loan receivables rose to $102.6 billion at July 31, 2026, up from $102.2 billion at June 30 and $100.3 billion a year earlier. Average loan receivables increased to $101.9 billion from $101.3 billion in June and $99.7 billion in July 2025.
The 30-plus-day delinquency rate held at 4.2% in July, unchanged from June and down from 4.5% in July 2025. Delinquencies had peaked at 4.7% in February before easing to 4.2% in May, June and July.
Net charge-offs improved to 4.7% in July from 5.3% in June and 5.1% in July 2025. The rate had been 5.8% in February and March, then fell to 4.7% in January before moving back up in the spring.
After the recovery adjustment, the adjusted net charge-off rate was 4.9% in July, down from 5.2% in June and 5.1% a year earlier. That figure had been 5.8% in February and March, 5.6% in April, and 5.4% in May.
The month also showed a smaller gap between delinquencies and charge-offs than earlier in the year: July’s 4.2% delinquency rate versus a 4.7% net charge-off rate, compared with February’s 4.7% delinquency rate and 5.8% net charge-off rate. Following these announcements, the company's shares moved -0.56%, and are now trading at a price of $80.545. For more information, read the company's full 8-K submission here.
