Synchrony Financial

Synchrony Financial has furnished its monthly charge-off and delinquency statistics for the thirteen months ended August 31, 2026. The company reported period-end loan receivables of $103.0 billion and an average loan receivables of $102.3 billion for August 2026. The 30+ delinquency rate remained steady at 4.2%, while the net charge-off rate increased to 4.9% and the adjusted net charge-off rate also rose to 4.9% in August. Synchrony intends to continue providing these statistics monthly.

Synchrony Financial entered into an underwriting agreement on July 28, 2026, to issue and sell $1.1 billion aggregate principal amount of senior notes. This includes $600 million of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500 million of 6.276% Fixed-to-Floating Rate Senior Notes due 2037. The offering is being conducted through a public offering pursuant to the company's Form S-3 registration statement, with J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC acting as representatives for the underwriters.

Synchrony Financial reported net earnings of $885 million for the second quarter of 2026, a decrease from the prior year, while net interest income increased by 1.9% to $4.61 billion. Loan receivables grew 2.4% to $102.2 billion, and credit quality improved with lower delinquency and net charge-off rates. The company returned capital to shareholders through $1.8 billion in share repurchases and announced an increase in its quarterly dividend to $0.34 per share, alongside strategic expansion including the acquisition of Lowe's commercial credit card portfolio and new partner agreements.

Synchrony Financial reported its monthly charge-off and delinquency statistics for June 2026. The company's period-end loan receivables increased to $102.2 billion. The 30+ day delinquency rate remained stable at 4.2% month-over-month, while the net charge-off rate improved slightly to 5.3% from 5.5% in May 2026. The adjusted net charge-off rate also saw a minor decrease to 5.2%.

Synchrony Financial reported second quarter 2026 net earnings of $885 million, or $2.59 per diluted share, an 8% decrease from the prior year. Despite the earnings decline, the company saw strong business momentum with purchase volume up 8% to $49.8 billion and loan receivables growing 2% to $102.2 billion. Net interest margin improved by 30 basis points to 15.08%, and credit quality metrics showed improvement with lower delinquency and net charge-offs. Synchrony also returned $950 million to shareholders and expanded its partner network.

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.