AI English summary of an SEC filing — figures as filed
Synchrony Financial SYFSynchrony Financial said it furnished monthly charge-off and delinquency statistics for the 13 months ended February 28, 2025 as Exhibit 99.1. The company said it intends to keep furnishing these statistics monthly, and that for the last month of each calendar quarter, the statistics will be furnished at the same time as its announcement of financial results for that quarter.
Key points
AI summarySynchrony Financial said it furnished monthly charge-off and delinquency statistics for the 13 months ended February 28, 2025 as Exhibit 99.1. The company said it intends to keep furnishing these statistics monthly, and that for the last month of each calendar quarter, the statistics will be furnished at the same time as its announcement of financial results for that quarter.
The company reported period-end loan receivables of $100.1 billion as of February 28, 2025 and a 30+ delinquency rate of 4.7%. For the prior month, January 31, 2025, the figures were $102.2 billion and 4.7%, respectively.
Synchrony said the net charge-off rate for the month ended February 28, 2025 was 6.8%, and the adjusted net charge-off rate was 6.8%. For the month ended January 31, 2025, both rates were 6.2%.
The company said the number of charge-off cycle dates in each month varies with the calendar and billing cycle timing, so monthly charged-off amounts can change without a corresponding change in portfolio performance. Consumer credit card loan receivables represented approximately 92% of total period-end loan receivables as of February 28, 2025.
Summary
AI-writtenAnalysis 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.
Monthly Charge-Off and Delinquency Statistics Disclosed
Synchrony Financial said it furnished monthly charge-off and delinquency statistics for the 13 months ended February 28, 2025 as Exhibit 99.1. The company said it intends to keep furnishing these statistics monthly, and that for the last month of each calendar quarter, the statistics will be furnished at the same time as its announcement of financial results for that quarter.
Source · Based on the filing body and exhibits
Period-End Loan Receivables and Delinquency Rates for February 2025
The company reported period-end loan receivables of $100.1 billion as of February 28, 2025 and a 30+ delinquency rate of 4.7%. For the prior month, January 31, 2025, the figures were $102.2 billion and 4.7%, respectively.
Source · Based on the filing body and exhibits
Net Charge-Off Rate for February 2025
Synchrony said the net charge-off rate for the month ended February 28, 2025 was 6.8%, and the adjusted net charge-off rate was 6.8%. For the month ended January 31, 2025, both rates were 6.2%.
Source · Based on the filing body and exhibits
Charge-Off Cycle Dates and Company Explanation
The company said the number of charge-off cycle dates in each month varies with the calendar and billing cycle timing, so monthly charged-off amounts can change without a corresponding change in portfolio performance. Consumer credit card loan receivables represented approximately 92% of total period-end loan receivables as of February 28, 2025.
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.
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