Decrease in Synchrony credit card delinquencies, elevated net charge-offs recorded.

Synchrony Financial's (SYF) credit card delinquency rate improved slightly in April, though it remained sluggish, while the net charge-off rate increased modestly during the same period. Additionally, the company extended fewer loans compared to the previous month and year.

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2025 May 16 . 10:21 PM

2 min read

Synchrony Financial (SYF) observed a disconcerting divergence in its credit card delinquency and... — Synchrony Financial (SYF) observed a disconcerting divergence in its credit card delinquency and net charge-off rates during April, albeit at a sluggish pace. Surprisingly, while delinquency rates increased, net charge-off rates decreased. Furthermore, the company issued fewer loans compared to both the preceding month and the same month a year ago.

Decrease in Synchrony credit card delinquencies, elevated net charge-offs recorded.

Rewritten Article:

Hey there! Let's talk about Synchrony Financial (NYSE:SYF)'s credit card situation in April 2025. Contrary to what you might think, their delinquency rate actually took a small dip, decreasing from 4.5% in March to 4.3%.

Now, you might be wondering about their net charge-off rates. Well, they've been fairly stable or even showing improvement compared to previous months. You know, they've had some fluctuations earlier in the year, but nothing too drastic.

Also, Synchrony lent less money than in the previous month and even a year ago. But don't fret, this isn't necessarily a bad thing - it could mean they're focusing on managing their credit more effectively, or that consumers are adopting a more disciplined approach to spending.

Fun fact: their 30-plus delinquency rate was reported at 4.52% in early 2025, down from 4.74% in the year prior. That's a good sign for better credit performance. As for the 90-plus delinquency rate, that's been declining too, indicating fewer severely delinquent accounts.

In short, Synchrony's credit metrics have been improving or staying steady over the past few months. The slight decline in delinquency rates in April, combined with stable or modestly fluctuating net charge-offs, suggests savvy credit management and cautious consumer behavior. This is supported by Synchrony's enhancements to their credit underwriting system and growth in consumer spending trends, despite market uncertainties.

All in all, there's no rise in delinquency to 4.3%; instead, delinquency rates are headed down or holding steady, and net charge-offs aren't showing any significant increases that could fuel an uptick in delinquencies. Synchrony's credit quality appears to be getting stronger as of April 2025[2][4][5].

The recent improvement in Synchrony Financial's credit management, evidenced by a decrease in delinquency rates and stable net charge-off rates, is positive news for individuals investing in their personal-finance by holding SYF shares.
Business entities focusing on personal-finance may find the steady or improving net charge-off rates at Synchrony Financial, a leading finance institution, an encouraging sign, suggesting that consumers are adopting a more disciplined approach to spending, benefiting the overall health of the economy.