SYNCHRONY FINANCIAL | |||||||||||||||||||||||||||||||||||||||||||||||||||
MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS | |||||||||||||||||||||||||||||||||||||||||||||||||||
AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED | |||||||||||||||||||||||||||||||||||||||||||||||||||
(unaudited, $ in billions) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Jun 30, 2017 | May 31, 2017 | Apr 30, 2017 | Mar 31, 2017 | Feb 28, 2017 | Jan 31, 2017 | Dec 31, 2016 | Nov 30, 2016 | Oct 31, 2016 | Sep 30, 2016 | Aug 31, 2016 | Jul 31, 2016 | Jun 30, 2016 | |||||||||||||||||||||||||||||||||||||||
Period-end loan receivables | $ | 75.5 | $ | 75.0 | $ | 73.8 | $ | 73.4 | $ | 73.7 | $ | 74.9 | $ | 76.3 | $ | 73.6 | $ | 71.4 | $ | 70.6 | $ | 70.1 | $ | 69.1 | $ | 68.3 | |||||||||||||||||||||||||
Average loan receivables, including held for sale | $ | 75.1 | $ | 73.8 | $ | 73.4 | $ | 73.0 | $ | 74.2 | $ | 75.2 | $ | 74.9 | $ | 71.7 | $ | 70.8 | $ | 70.3 | $ | 69.2 | $ | 68.5 | $ | 67.6 | |||||||||||||||||||||||||
30+ days past due as a % of period-end loan receivables | 4.3 | % | 4.1 | % | 4.1 | % | 4.3 | % | 4.5 | % | 4.4 | % | 4.3 | % | 4.4 | % | 4.4 | % | 4.3 | % | 4.0 | % | 3.9 | % | 3.8 | % | |||||||||||||||||||||||||
Net charge-offs (annualized) as a % of average loan receivables, including held for sale | 5.0 | % | 5.5 | % | 5.7 | % | 4.9 | % | 5.6 | % | 5.6 | % | 4.2 | % | 5.1 | % | 4.7 | % | 4.4 | % | 4.5 | % | 4.3 | % | 4.6 | % | |||||||||||||||||||||||||
Recovery adjustment(1) | 0.1 | % | 0.1 | % | (0.1 | )% | 0.3 | % | — | % | (0.4 | )% | 0.3 | % | (0.2 | )% | (0.1 | )% | — | % | (0.1 | )% | 0.1 | % | (0.3 | )% | |||||||||||||||||||||||||
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2) | 5.1 | % | 5.6 | % | 5.6 | % | 5.2 | % | 5.6 | % | 5.2 | % | 4.5 | % | 4.9 | % | 4.6 | % | 4.4 | % | 4.4 | % | 4.4 | % | 4.3 | % | |||||||||||||||||||||||||
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. | |||||||||||||||||||||||||||||||||||||||||||||||||||
(2) 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||
SYNCHRONY FINANCIAL | |||||||||||||||||||||||||||||||||||||||||||||||
2016 MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS | |||||||||||||||||||||||||||||||||||||||||||||||
AS OF AND FOR EACH OF THE TWELVE MONTHS ENDED | |||||||||||||||||||||||||||||||||||||||||||||||
(unaudited, $ in billions) | |||||||||||||||||||||||||||||||||||||||||||||||
Dec 31, 2016 | Nov 30, 2016 | Oct 31, 2016 | Sep 30, 2016 | Aug 31, 2016 | Jul 31, 2016 | Jun 30, 2016 | May 31, 2016 | Apr 30, 2016 | Mar 31, 2016 | Feb 29, 2016 | Jan 31, 2016 | ||||||||||||||||||||||||||||||||||||
Period-end loan receivables | $ | 76.3 | $ | 73.6 | $ | 71.4 | $ | 70.6 | $ | 70.1 | $ | 69.1 | $ | 68.3 | $ | 67.4 | $ | 66.2 | $ | 65.8 | $ | 65.7 | $ | 67.0 | |||||||||||||||||||||||
Average loan receivables, including held for sale | $ | 74.9 | $ | 71.7 | $ | 70.8 | $ | 70.3 | $ | 69.2 | $ | 68.5 | $ | 67.6 | $ | 66.3 | $ | 65.7 | $ | 65.3 | $ | 66.1 | $ | 67.2 | |||||||||||||||||||||||
30+ days past due as a % of period-end loan receivables | 4.3 | % | 4.4 | % | 4.4 | % | 4.3 | % | 4.0 | % | 3.9 | % | 3.8 | % | 3.7 | % | 3.7 | % | 3.9 | % | 4.2 | % | 4.2 | % | |||||||||||||||||||||||
Net charge-offs (annualized) as a % of average loan receivables, including held for sale | 4.2 | % | 5.1 | % | 4.7 | % | 4.4 | % | 4.5 | % | 4.3 | % | 4.6 | % | 4.5 | % | 4.4 | % | 4.9 | % | 5.0 | % | 4.4 | % | |||||||||||||||||||||||
Recovery adjustment(1) | 0.3 | % | (0.2 | )% | (0.1 | )% | — | % | (0.1 | )% | 0.1 | % | (0.3 | )% | 0.2 | % | 0.1 | % | — | % | (0.1 | )% | — | % | |||||||||||||||||||||||
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2) | 4.5 | % | 4.9 | % | 4.6 | % | 4.4 | % | 4.4 | % | 4.4 | % | 4.3 | % | 4.7 | % | 4.5 | % | 4.9 | % | 4.9 | % | 4.4 | % | |||||||||||||||||||||||
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. | |||||||||||||||||||||||||||||||||||||||||||||||
(2) 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. | |||||||||||||||||||||||||||||||||||||||||||||||
SYNCHRONY FINANCIAL | |||||||||||||||||||||||||||||||||||||||||||||||
2015 MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS | |||||||||||||||||||||||||||||||||||||||||||||||
AS OF AND FOR EACH OF THE TWELVE MONTHS ENDED | |||||||||||||||||||||||||||||||||||||||||||||||
(unaudited, $ in billions) | |||||||||||||||||||||||||||||||||||||||||||||||
Dec 31, 2015 | Nov 30, 2015 | Oct 31, 2015 | Sep 30, 2015 | Aug 31, 2015 | Jul 31, 2015 | Jun 30, 2015 | May 31, 2015 | Apr 30, 2015 | Mar 31, 2015 | Feb 28, 2015 | Jan 31, 2015 | ||||||||||||||||||||||||||||||||||||
Period-end loan receivables | $ | 68.3 | $ | 65.8 | $ | 64.0 | $ | 63.5 | $ | 63.0 | $ | 62.1 | $ | 61.4 | $ | 60.9 | $ | 58.7 | $ | 58.2 | $ | 58.3 | $ | 59.9 | |||||||||||||||||||||||
Average loan receivables, including held for sale | $ | 67.1 | $ | 64.3 | $ | 63.6 | $ | 63.0 | $ | 62.3 | $ | 61.6 | $ | 61.2 | $ | 59.9 | $ | 58.7 | $ | 58.1 | $ | 59.4 | $ | 60.7 | |||||||||||||||||||||||
30+ days past due as a % of period-end loan receivables | 4.1 | % | 4.2 | % | 4.1 | % | 4.0 | % | 3.8 | % | 3.6 | % | 3.5 | % | 3.5 | % | 3.5 | % | 3.8 | % | 4.1 | % | 4.2 | % | |||||||||||||||||||||||
Net charge-offs (annualized) as a % of average loan receivables, including held for sale | 4.5 | % | 4.9 | % | 3.4 | % | 4.7 | % | 3.8 | % | 3.6 | % | 4.4 | % | 4.5 | % | 5.0 | % | 4.6 | % | 4.8 | % | 4.4 | % | |||||||||||||||||||||||
Recovery adjustment(1) | (0.1 | )% | (0.3 | )% | 0.4 | % | (0.5 | )% | 0.1 | % | 0.4 | % | — | % | 0.1 | % | (0.1 | )% | 0.3 | % | — | % | (0.4 | )% | |||||||||||||||||||||||
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2) | 4.4 | % | 4.6 | % | 3.8 | % | 4.2 | % | 3.9 | % | 4.0 | % | 4.4 | % | 4.6 | % | 4.9 | % | 4.9 | % | 4.8 | % | 4.0 | % | |||||||||||||||||||||||
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. | |||||||||||||||||||||||||||||||||||||||||||||||
(2) 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. | |||||||||||||||||||||||||||||||||||||||||||||||