Traders should monitor upcoming earnings for confirmation of this credit quality deterioration. The rising charge-off and delinquency trends could pressure net interest margin and profitability, potentially leading to downward revisions in earnings estimates for the consumer finance sector.
Price Chart
Executive Summary
Synchrony Financial disclosed its monthly charge-off and delinquency statistics for the thirteen months ended February 28, 2026. The data shows a recent increase in both delinquency and net charge-off rates, with the 30+ delinquency rate rising to 4.7% in February 2026 from 4.6% in January 2026, and the net charge-off rate increasing to 5.8% from 4.7% month-over-month.
Key Facts
- 30+ delinquency rate increased to 4.7% in February 2026 from 4.6% in January 2026
- Net charge-off rate rose to 5.8% in February 2026 from 4.7% in January 2026
- Period-end loan receivables decreased to $99.9 billion as of February 28, 2026, from $101.7 billion in January 2026
- The trend shows deteriorating credit quality with both delinquency and charge-off rates moving upward after a period of relative stability
Financial Impact
Net charge-offs increased significantly to 5.8% in February 2026, up from 4.7% in January 2026, indicating higher credit losses. Delinquency rates have returned to levels last seen in February 2025.
Risk Factors
- Deteriorating credit quality could lead to higher loan loss provisions
- Potential for reduced profitability if the trend continues
- Increased risk of rating agency scrutiny or downgrades if delinquency trends persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001601712-26-000010 |
| Document: syf-20260310.htm | 0001601712-26-000010 |
| Document: 0001601712-26-000010-index-headers.html | 0001601712-26-000010 |
| Document: 0001601712-26-000010-index.html | 0001601712-26-000010 |
| Document: 0001601712-26-000010.txt | 0001601712-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Press Release | $80.75 $76.06 | ▼ −5.81% | ▼ −3.83% | $72.28 (−10.49%) |
Aug 5, 2026 8w ago | Court Ruling | $79.25 $78.39 | ▼ −1.09% | ▼ −0.48% | $72.28 (−8.79%) |
Aug 4, 2026 8w ago | Insider Cluster | $79.25 $78.39 | ▼ −1.09% | ▼ −0.48% | $72.28 (−8.79%) |
Aug 3, 2026 8w ago | 144 | $77.84 $77.08 | ▼ −0.98% | ▼ −2.21% | $72.28 (−7.14%) |
Jul 28, 2026 9w ago | 424B5 | $77.12 $80.77 | ▲ +4.73% | ▲ +1.35% | $72.28 (−6.28%) |
Jul 21, 2026 10w ago | 8-K | $72.21 $80.58 | ▲ +11.59% | ▲ +9.03% | $72.28 (+0.10%) |
Jul 21, 2026 10w ago | 8-K | $72.21 $80.58 | ▲ +11.59% | ▲ +9.03% | $72.28 (+0.10%) |
Jul 21, 2026 10w ago | Press Release | $72.21 $80.58 | ▲ +11.59% | ▲ +9.03% | $72.28 (+0.10%) |
Jun 29, 2026 13w ago | 8-K | $76.05 $75.31 | ▼ −0.97% | ▲ +0.06% | $72.28 (−4.96%) |
Jun 3, 2026 17w ago | 424B5 | $25.84 $25.91 | ▲ +0.27% | ▲ +1.64% | $72.28 (+179.72%) |
US Market Status
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