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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Utah, the state note

Synchrony Bank

Draper, Utah · $115.22B in assets · beside the 11 other Utah banks over $10B

The filing

114.9%
Loans / deposits
12th of 12
2.04%
NPA / loans
11th of 12
+2.7%
Loans, year over year
10th of 12, largest first

Synchrony Bank is the fourth largest of the 12 Utah banks nearest its size over $10B, with $115.22B in assets at 30 June 2026. Loans are 114.9% of deposits, the highest in the cohort against a median of 95.9%, and equity is 12.9% of assets, 3rd of 12. Loans grew +2.7% in the year, 10th of 12, and deposits grew 1.4%; the cohort's median loan growth is +8.2%.

Noncurrent loans are 2.04% of the book, 11th of 12 against a median of 0.55%; 2.19% is 30 to 89 days past due, and the allowance covers them 5.0 times. Net charge-offs are 5.38% of loans, 11th of 12. Commercial real estate is 0.0% of loans, 4th of 12 against a median of 0.3%, and 0% of capital, below the 300% screen, with construction at 0% against the 100% screen.

Return on assets is 2.83%, 3rd of 12 against a median of 2.07%, on an efficiency ratio of 36.8%, 5th of 12. Five years ago it was 5.06%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsUT banks over $10B · 30 June 2026 · lower is stronger, listed first
median 95.9% WB Wex Bank 55.4% OB Optum Bank Inc 60.2% HB Happen Bank National Association 64.9% ZB Zions Bcorp N A 81.7% UB UBS Bank USA National Association 85.1% AB Ally Bank 91.9% SB Sofi Bank National Association 99.9% AE American Express National Bank 100.5% SM Sallie Mae Bank 103.9% CC Comenity Capital Bank 107.2% BB BMW Bank of North America 107.5% SB Synchrony Bank 114.9%
Loans, year over yearUT banks over $10B · 30 June 2026 · no better direction, largest first
median +8.2% SB Sofi Bank National Association +54.1% OB Optum Bank Inc +25.3% HB Happen Bank National Association +16.9% WB Wex Bank +16.0% BB BMW Bank of North America +8.6% CC Comenity Capital Bank +8.3% AB Ally Bank +8.0% AE American Express National Bank +7.2% UB UBS Bank USA National Association +6.9% SB Synchrony Bank +2.7% ZB Zions Bcorp N A +2.5% SM Sallie Mae Bank -7.0%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Synchrony BankRankCohort median
Total CRE against capital, the 300% screen0%4th of 122%
Construction against capital, the 100% screen0%8th of 120%
Construction and land development, share of loans0.0%8th of 120.0%
Non-owner-occupied nonfarm nonresidential, share of loans0.0%2nd of 120.0%
Total CRE, the guidance definition, share of loans0.0%4th of 120.3%
CRE growth over 36 months, the third prong-85.0%2nd of 10+17.1%
Commercial real estate against capital, the 300% screenUT banks over $10B · 30 June 2026 · lower is stronger, listed first
median 2% AE American Express National Bank 0% SM Sallie Mae Bank 0% CC Comenity Capital Bank 0% SB Synchrony Bank 0% WB Wex Bank 1% BB BMW Bank of North America 1% SB Sofi Bank National Association 2% UB UBS Bank USA National Association 14% HB Happen Bank National Association 16% AB Ally Bank 17% ZB Zions Bcorp N A 152% OB Optum Bank Inc 221%
CRE growth over 36 months, the guidance's third prongUT banks over $10B · 30 June 2026 · lower is stronger, listed first
median +17.1% SM Sallie Mae Bank -100.0% SB Synchrony Bank -85.0% UB UBS Bank USA National Association -30.7% HB Happen Bank National Association -6.2% ZB Zions Bcorp N A +3.1% BB BMW Bank of North America +31.1% SB Sofi Bank National Association +77.1% OB Optum Bank Inc +92.0% AB Ally Bank +115.7% WB Wex Bank +174.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
American Express National Bank$213.95B3.7%71.8%0.63%2.39%3.3%100.5%9.0%
Ally Bank$188.18B1.2%49.0%0.85%1.13%2.5%91.9%8.3%
UBS Bank USA National Association$124.44B1.1%26.3%0.12%-0.01%0.1%85.1%7.6%
Synchrony Bank$115.22B2.8%36.8%2.04%5.38%10.2%114.9%12.9%
Zions Bcorp N A$89.04B1.5%62.8%0.47%0.04%1.1%81.7%8.6%
Sofi Bank National Association$56.82B1.9%67.3%0.08%0.07%0.1%99.9%12.8%
Sallie Mae Bank$28.54B2.8%33.0%0.65%1.91%6.4%103.9%10.2%
Optum Bank Inc$21.43B2.5%29.2%0.21%0.22%0.9%60.2%14.8%
Comenity Capital Bank$13.86B1.7%56.2%3.21%7.47%11.4%107.2%13.0%
BMW Bank of North America$13.80B2.2%17.1%0.09%0.19%0.5%107.5%12.8%
Happen Bank National Association$12.48B1.8%74.4%0.82%2.07%2.7%64.9%11.5%
Wex Bank$10.71B4.0%57.3%0.44%1.69%1.3%55.4%8.0%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Synchrony BankCohort median
20212026Change20212026Change
Loans$71.20B$98.76B+39%$14.99B$33.92B+126%
Deposits$61.55B$85.97B+40%$16.64B$33.55B+102%
NPA / loans1.02%2.04%+1.02 pts0.64%0.55%-0.09 pts
Efficiency38.9%36.8%-2.0 pts47.2%52.6%+5.3 pts
ROA5.06%2.83%-2.23 pts2.05%2.07%+0.01 pts

This read was prepared for Synchrony Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Synchrony Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort UT banks over $10B
Institution www.synchronybank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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