Synchrony Financial (SYF) 8-K Regulation FD Disclosure

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 January 31, 2024.
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 January 31, 2024 and the year over year increase in net charge-offs for the month ended January 31, 2024 reflect the continued impact of moderation in customer payment rates. The increase in net charge-offs as compared to the month ended December 31, 2023 also includes the impact of seasonal trends.
	Jan 31, 2024			Dec 31, 2023			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
Period-end loan receivables	$	101.3		$	103.0		$	101.2		$	98.9		$	97.9		$	97.3		$	96.3		$	94.8		$	93.9		$	92.1		$	91.1		$	90.7		$	91.5
Average loan receivables, including held for sale	$	101.4		$	102.0		$	99.1		$	97.9		$	97.3		$	96.2		$	95.2		$	93.9		$	92.3		$	91.3		$	90.3		$	90.8		$	91.3
30+ days past due as a % of period-end loan receivables	4.9		%	4.7		%	4.7		%	4.6		%	4.4		%	4.1		%	4.0		%	3.8		%	3.8		%	3.7		%	3.8		%	3.9		%	3.8		%
Net charge-offs (annualized) as a % of average loan receivables, including held for sale(1)	5.8		%	5.7		%	5.6		%	5.4		%	4.5		%	4.6		%	4.7		%	4.7		%	5.0		%	4.6		%	4.5		%	4.7		%	4.2		%
Recovery adjustment(2)	0.2		%	(0.1)		%	—		%	0.2		%	(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)	6.0		%	5.6		%	5.6		%	5.6		%	4.4		%	4.7		%	4.7		%	4.7		%	4.9		%	4.7		%	4.5		%	4.7		%	4.3		%
(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 January 31, 2024, for the calendar months indicated.
	2023			2024
January	30			29
February	28			27
March	28			28
April	28			28
May	29			28
June	27			28
July	28			29
August	28			25
September	26			30
October	30			28
November	28			26
December	28			30
(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.

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