The company disclosed that the 30+ delinquency rate was 4.6% as of April 30, 2024, and that the net charge-off rate for the month of April 2024 was 6.7%. The 30+ delinquency rate as of April 30, 2023 was 3.7%.

8-KRegulation FD DisclosureFiled May 15, 2024Period of report May 15, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company disclosed that the 30+ delinquency rate was 4.6% as of April 30, 2024, and that the net charge-off rate for the month of April 2024 was 6.7%. The 30+ delinquency rate as of April 30, 2023 was 3.7%.
The company said the year-over-year increase in the 30+ delinquency rate as of April 30, 2024 and the year-over-year increase in the net charge-off rate for April 2024 reflect the continued impact of moderation in customer payment rates.
Synchrony said period-end loan receivables were $101.6 billion as of April 30, 2024. The same line item was $101.7 billion on March 31, 2024 and $92.1 billion on April 30, 2023.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

April 2024 Delinquency and Net Charge-Off Rates

The company disclosed that the 30+ delinquency rate was 4.6% as of April 30, 2024, and that the net charge-off rate for the month of April 2024 was 6.7%. The 30+ delinquency rate as of April 30, 2023 was 3.7%.

Source · Based on the filing body and exhibits

Company Explanation of Year-Over-Year Increases

The company said the year-over-year increase in the 30+ delinquency rate as of April 30, 2024 and the year-over-year increase in the net charge-off rate for April 2024 reflect the continued impact of moderation in customer payment rates.

Source · Based on the filing body and exhibits

Period-End Loan Receivables

Synchrony said period-end loan receivables were $101.6 billion as of April 30, 2024. The same line item was $101.7 billion on March 31, 2024 and $92.1 billion on April 30, 2023.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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