EX-99.1 2 creditstatsfinancialtables.htm EX-99.1 Document
Exhibit 99.1
SYNCHRONY FINANCIAL
MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED
(unaudited, $ in billions)
The following table provides monthly charge-off and delinquency statistics as of and for each of the thirteen months ended November 30, 2023.
The year over year increase in the over-30 day loan delinquencies as a percentage of period-end loan receivables (the “30+ delinquency rate”) at November 30, 2023 and the year over year increase in net charge-offs for the month ended November 30, 2023 reflect the normalization of credit trends.
Nov 30,
2023		Oct 31,
2023		Sep 30,
2023		Aug 31,
2023		Jul 31,
2023		Jun 30,
2023		May 31,
2023		Apr 30,
2023		Mar 31,
2023		Feb 28,
2023		Jan 31,
2023		Dec 31,
2022		Nov 30,
2022
Period-end loan receivables$101.2 $98.9 $97.9 $97.3 $96.3 $94.8 $93.9 $92.1 $91.1 $90.7 $91.5 $92.5 $90.0 
Average loan receivables, including held for sale$99.1 $97.9 $97.3 $96.2 $95.2 $93.9 $92.3 $91.3 $90.3 $90.8 $91.3 $91.2 $87.8 
30+ days past due as a % of period-end loan receivables4.7 %4.6 %4.4 %4.1 %4.0 %3.8 %3.8 %3.7 %3.8 %3.9 %3.8 %3.7 %3.6 %
Net charge-offs (annualized) as a % of average loan receivables, including held for sale(1)
5.6 %5.4 %4.5 %4.6 %4.7 %4.7 %5.0 %4.6 %4.5 %4.7 %4.2 %3.5 %3.6 %
Recovery adjustment(2)
— %0.2 %(0.1)%0.1 %— %— %(0.1)%0.1 %— %— %0.1 %(0.1)%0.1 %
Adjusted net charge-offs as a % of average loan receivables, including held for sale(3)
5.6 %5.6 %4.4 %4.7 %4.7 %4.7 %4.9 %4.7 %4.5 %4.7 %4.3 %3.4 %3.7 %
(1) Charge-offs are executed on charge-off cycle dates which occur on various days during each calendar month. The number of different charge-off cycle dates in each month varies based on such factors as the calendar and the timing of billing cycles. As a result, the amount of charged-off loan receivables can vary between monthly periods with no corresponding change in the performance of the portfolio. The following table sets forth the number of different charge-off cycle dates for our consumer credit card loan receivables, which represent approximately 94% of total period end loan receivables at November 30, 2023, for the calendar months indicated.
20222023
January2830
February2828
March2828
April2628
May3029
June2827
July2828
August2928
September2726
October2830
November2928
December2528
(2) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. The adjustments for periods other than for the last month of each calendar quarter incorporate estimated recoveries for the applicable full quarterly reporting period. Such estimates are subject to change within each applicable quarter and may differ from actual quarterly results.
(3) Adjusted net charge-offs represent a non-GAAP financial measure. Adjusted net charge-offs as a % of average loan receivables, including held for sale, represent the Company's net charge-off rate for each month including the 'recovery adjustment' defined above. We believe the presentation of this measure is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.
1