Synchrony Financial reports monthly credit data

Synchrony Financial (NYSE:SYF), a premier consumer financial services company with a market capitalization of $18.36 billion and a healthy 2.12% dividend yield, disclosed its latest monthly charge-off and delinquency statistics in a regulatory filing today. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 5.45x and maintains a GREAT financial health score. The data, which covers the period up to March 31, 2025, has been shared as part of the company’s commitment to providing monthly credit performance updates.

The figures, included in Exhibit 99.1 of the 8-K form, detail the performance metrics for each of the past thirteen months. Synchrony Financial has stated that this practice of monthly reporting will continue, with the data for the last month of each quarter being released alongside the company’s quarterly financial results.

This move to furnish monthly credit statistics is part of Synchrony Financial’s Regulation FD Disclosure and is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It also should not be seen as incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as explicitly referenced in such filings.

The release of this information provides investors and analysts with a detailed view of the company’s credit performance, which is a significant aspect of Synchrony Financial’s business as a provider of private label credit cards, dual cards, and small and medium-sized business credit products. With annual revenue of $9.39 billion, the company has shown strong operational performance. InvestingPro data reveals multiple positive indicators, including consistent dividend payments and aggressive share buybacks, with 10+ additional insights available to subscribers.

Investors may find this data particularly useful for monitoring trends in consumer credit behavior, which can be an indicator of the financial health of the consumer population that Synchrony serves. The company’s shares are traded on the New York Stock Exchange under the ticker symbol SYF.

Today’s filing by Synchrony Financial is based on a press release statement and provides the latest insights into the company’s credit portfolio performance.

In other recent news, Synchrony Financial has announced a new partnership with Adobe (NASDAQ:ADBE) Commerce to offer enhanced financing options for merchants and their customers. This collaboration is expected to provide businesses with more flexible payment options, potentially driving growth by allowing merchants to accept Synchrony credit cards and offer Pay Later installment financing. Additionally, Fitch Ratings has upgraded Synchrony Financial’s Long-Term Issuer Default Ratings to ’BBB’, citing the company’s effective execution of financial strategies and its ability to handle regulatory challenges. Meanwhile, Morgan Stanley (NYSE:MS) has downgraded Synchrony Financial’s stock rating from Overweight to Equalweight, reducing the price target due to concerns over potential recession impacts on consumer credit. The firm highlighted the risks associated with Synchrony’s exposure to subprime borrowers and projected a modest increase in losses through 2026.

Furthermore, Synchrony Financial has reported that U.S. consumers are reducing their spending amid rising prices and economic uncertainties, with increased debt levels and delinquencies noted in credit lines. Despite these challenges, Synchrony’s Chief Credit Officer, Max Axler, mentioned that most clients are managing to keep up with loan repayments. In the competitive landscape of credit card networks, Synchrony Financial is among the contenders vying to become the new issuer for the Apple (NASDAQ:AAPL) card, following Goldman Sachs’ decision to exit the consumer lending sector. Visa (NYSE:V) has made a $100 million bid to replace Mastercard (NYSE:MA) as the network for the Apple card, highlighting the intense competition among payment networks. These recent developments reflect Synchrony Financial’s strategic efforts and the challenges it faces in the evolving financial environment.

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