Synchrony Financial Releases Charge-Off and Delinquency Data

Synchrony Financial released charge-off and delinquency stats for December 2024.
Flat delinquency rate and increased charge-off rate due to payment moderation.
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Synchrony Financial ( SYF -4.44% ▼ ) has issued an announcement.

Synchrony Financial has released its monthly charge-off and delinquency statistics for the thirteen months ending December 31, 2024. The data shows that the 30+ delinquency rate remained flat year-over-year, attributed to credit actions, while the net charge-off rate increased due to moderation in customer payment rates and additional charge-off cycles. This release is part of a regular monthly update, with statistics for the last month of each calendar quarter coinciding with financial results announcements.