$SYF · Synchrony Financial
Synchrony Financial filed its monthly charge-off and delinquency statistics for the 13 months ended September 30, 2026. Period-end loan receivables grew to $103.3B. The net charge-off rate improved to 4.7% in September 2026, down from a peak of 5.8% in January/February 2026. The 30+ delinquency rate eased to 4.3%, the lowest since at least September 2025.
- Period-end loan receivables reached $103.3B at September 30, 2026, up from $100.2B a year earlier.
- Net charge-off rate fell to 4.7% in September 2026 from 5.8% in February 2026, the lowest in the 13-month window.
- Adjusted net charge-off rate was 4.6% in September 2026, down from 5.8% in both January and February 2026.
- 30+ delinquency rate declined to 4.3% in September 2026 from a peak of 4.7% in February 2026.
- Consumer credit card loans represent greater than 90% of total period-end loan receivables.
Extended-hours trading shows SYF at $72.50, down 2.34% from the regular-session close of $74.24, suggesting the market may be reacting cautiously despite the improving charge-off trend.
Credit card charge-off trends are a leading indicator of consumer financial stress; Synchrony's improving metrics may signal easing credit risk across the $100B+ portfolio.
Consumer credit card issuers are closely watched for credit normalization trends. SYF's declining charge-off and delinquency rates may signal improving consumer health, a read-through for peers like COF and DFS.
Charge-off cycle date count varies month to month (25–30 days), which can distort month-over-month comparisons without corresponding portfolio performance changes. Recovery adjustments are estimated and subject to revision within each quarter.
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