The company said period-end loan receivables were $103.0 billion as of December 31, 2023, and loans more than 30 days past due were 4.7% of period-end loan receivables. As of December 31, 2022, they were $92.5 billion and 3.7%, respectively.

1. 01

   The company said period-end loan receivables were $103.0 billion as of December 31, 2023, and loans more than 30 days past due were 4.7% of period-end loan receivables. As of December 31, 2022, they were $92.5 billion and 3.7%, respectively.

2. 02

   Synchrony Financial said its net charge-off rate, annualized as a percentage of average loan receivables including held for sale, was 5.7% for the month of December 2023. That was higher than the 3.5% for December 2022.

3. 03

   The company said the year-over-year increase in its 30+ day delinquency rate as of December 31, 2023 and in net charge-offs for December 2023 reflects the normalization of credit trends.

4. 04

   The company said it intends to continue furnishing these statistics monthly, and that for the last month of each calendar quarter, it will furnish them at the same time as its quarterly financial results announcement. The company also said its recovery-adjusted net charge-off rate, a non-GAAP measure, was 5.6% for December 2023.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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