Synchrony Financial Discloses Monthly Charge-Off and Delinquency Statistics

Details

The statistics show period-end loan receivables ranging from $99.5 billion to $103.8 billion, with 30+ delinquency rates between 4.2% and 4.7% and net charge-off rates between 4.7% and 5.8%. The adjusted net charge-off rates, which include a recovery adjustment, ranged from 4.7% to 5.6%. These statistics are provided in Exhibit 99.1 and will continue to be furnished monthly, with quarterly statistics released alongside financial results.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company primarily focused on providing private-label credit cards. It serves as a key partner to a variety of retailers, manufacturers, and healthcare providers, enabling them to offer customized credit solutions to their customers. Synchrony Financial's products extend beyond credit cards to include promotional financing, installment lending, and loyalty programs, often aimed at enhancing customer retention and satisfaction for its partners. The company plays a significant role in industries such as retail, health and wellness, automotive, and home, where it provides targeted financial solutions that are integrated into the point of sale. This integration makes Synchrony a crucial player in consumer finance, as it supports both businesses and consumers through flexible payment options. Headquartered in Stamford, Connecticut, Synchrony Financial was established in 2003. It is a major issuer of private-label credit cards in the United States, contributing to the retail sector's growth by empowering consumers to make purchases and manage payments over time. The company's financial products are influential in promoting accessible credit, supporting economic activity, and fostering customer loyalty within numerous commercial sectors.