01:22 PM EDT, 03/15/2024 (MT Newswires) -- Synchrony Financial's ( SYF ) over 30-day loan delinquencies as a percentage of period-end loan receivables was 5% on Feb. 29, the highest in the last 13 months, a regulatory filing from Friday revealed.

Period-end loan receivables declined to $100 billion from $101.3 billion a month ago and from $90.7 billion a year earlier. The net charge-off rate increased to 6.5% on Feb. 29 from 5.8% at the end of January and from 4.7% a year ago.

Synchrony shares were down nearly 3% in recent trading.

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