Synchrony Financial reports monthly credit stats

Today, Synchrony Financial (NYSE:SYF), a premier consumer financial services company with a market capitalization of $26.2 billion, disclosed its monthly charge-off and delinquency statistics up to January 31, 2025. The company, known for its financing products and services, including private label credit cards, has committed to providing these statistics on a monthly basis, with a detailed report at the end of each quarter coinciding with the announcement of its quarterly financial results.

According to InvestingPro data, the company maintains a "GREAT" overall financial health score, suggesting robust operational stability despite analysts’ expectations of lower net income this year.

According to the information furnished in the 8-K filing with the Securities and Exchange Commission, the latest data represents the performance of Synchrony Financial’s credit portfolio over the past thirteen months. Charge-offs occur when a creditor deems a loan unlikely to be collected due to the borrower’s default, and delinquencies refer to payments that are overdue. The company’s strong financial position is reflected in its impressive revenue growth of 22.6% over the last twelve months, though InvestingPro analysis indicates the stock is currently trading near its Fair Value.

The company’s decision to regularly furnish this data reflects its commitment to transparency with investors and the market. This practice allows stakeholders to keep abreast of the company’s credit performance, an important indicator of financial health for a company in the financial services industry.

Synchrony Financial operates under the ticker SYF on the New York Stock Exchange (NYSE), along with its depositary shares representing interests in its preferred stock, Series A (NYSE:SYFPrA) and Series B (NYSE:SYFPrB). The company’s headquarters are in Stamford, Connecticut, and it is incorporated in the state of Delaware. The stock has shown remarkable strength, delivering a 77.7% return over the past year and trading at a P/E ratio of 7.9x.

The information provided in the 8-K form, including the detailed Exhibit 99.1, is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. It also should not be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless specifically referenced in such filings.

This report is based on a press release statement and aims to provide investors and the public with key insights into Synchrony Financial’s credit performance.

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