Synchrony Financial

Synchrony Financial announced significant executive leadership changes, effective June 29, 2026. Carol Juel has been appointed Executive Vice President and Chief Executive Officer of the Digital platform, succeeding Bart Schaller, who is retiring. Additionally, Florin Arghirescu was promoted to Executive Vice President and Chief Technology Officer, and DJ Casto's role expanded to Executive Vice President, Chief People and Operations Officer. These changes are aimed at advancing digital growth, customer experience, and AI momentum.

Synchrony Financial held its 2026 Annual Meeting of Stockholders on June 24, 2026. During the meeting, stockholders elected all nominated directors, ratified KPMG LLP as the independent registered public accounting firm for 2026, and approved the compensation of the company's named executive officers in an advisory vote. All proposals presented to the security holders were successfully approved.

Synchrony Financial has released its monthly charge-off and delinquency statistics for the thirteen months ended May 31, 2026. As of May 31, 2026, the 30+ delinquency rate slightly decreased to 4.2% from 4.3% in the prior month, while the net charge-off rate remained stable at 5.5%. The company confirmed its intention to continue providing these statistics on a monthly basis.

Synchrony Financial issued and sold 500,000 depositary shares, each representing a 1/100th ownership interest in its 7.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C. This public offering was conducted under an underwriting agreement with BofA Securities, Barclays Capital, and Morgan Stanley. The company filed a Certificate of Designations, which amends its Certificate of Incorporation and establishes the rights and preferences of the Series C Preferred Stock, including dividend, voting, redemption, and liquidation rights.

Synchrony Financial has released its monthly charge-off and delinquency statistics for the thirteen months ended April 30, 2026. The company reported an improvement in credit quality metrics, with the 30+ delinquency rate decreasing to 4.3% and the net charge-off rate falling to 5.5% in April 2026, both down from the previous month. Synchrony Financial plans to continue providing these statistics on a monthly basis.

Synchrony Financial announced its 2026 Annual Meeting of Stockholders will be held virtually on June 24, 2026, at 9:00 a.m. Eastern Time. Stockholders will vote on the election of 12 directors, the ratification of KPMG LLP as the independent auditor for 2026, and an advisory vote on named executive officers' compensation. The company highlighted strong 2025 financial results, including $3.6 billion in net earnings and $3.3 billion in capital returned to stockholders, alongside its commitment to corporate governance and expanding credit access.

Synchrony Financial has filed its Form 10-Q with the SEC for the quarterly period ended March 31, 2026. This report provides a comprehensive overview of the company's financial condition and results of operations for the first quarter of 2026. As of April 17, 2026, the company reported 336,951,336 shares of common stock outstanding.

Synchrony Financial reported its monthly charge-off and delinquency statistics for March 2026. The 30+ delinquency rate saw a slight improvement, decreasing to 4.5% from 4.7% in the prior month. However, the net charge-off rate remained flat at 5.8% month-over-month. Period-end loan receivables increased slightly to $100.1 billion.

Synchrony Financial reported strong first-quarter 2026 results, with diluted EPS increasing 20.1% year-over-year to $2.27 and net earnings rising 6.3% to $805 million. The company saw a 3.8% increase in net interest income and a significant improvement in credit quality, with provision for credit losses decreasing by 10.5% and net charge-offs falling by 15.2%. Purchase volume also grew by 5.6%, contributing to overall positive performance.