Synchrony announced a 13% increase in its dividend and a new stock repurchase program valued at $6.5 billion. The company reported its 30-day delinquency rate for the first quarter of 2026 was 4.5%.

The 30-day delinquency rate in the first quarter of 2026 was consistent with both the fourth quarter of 2025 and the year-ago period. The 90-day delinquency rate showed a slight increase from the fourth quarter of 2025 but remained flat compared to the year-ago period. Synchrony's net charge-offs rose to 5.4% in the first quarter of 2026, a slight increase from the previous quarter. This figure represents a nearly full percentage point decrease from the 6.4% recorded in the year-ago period.

In April 2026, the 30-day delinquency rate for Synchrony was 4.3%. This rate further decreased to 4.2% in May 2026. The company's charge-offs were 5.6% in April 2026, before decreasing to 5.4% in May 2026.

Synchrony issues private-label credit cards for various retailers, including Amazon and Walmart. The company was spun off from General Electric after the Great Recession. Synchrony's stock currently has a price-to-earnings ratio of 7.9x, compared to its five-year average of 6.5x. The price-to-book ratio is 1.7x, exceeding its longer-term average of 1.4x.

Why It Matters

Synchrony's announcement of an increased dividend and a stock repurchase program indicates a move to return capital to shareholders. This action occurs alongside recent reports of the company's delinquency and charge-off rates, which show some fluctuations but remain largely consistent in the near term. The company's financial performance metrics, including its price-to-earnings and price-to-book ratios, provide additional context for these corporate financial decisions.