Synchrony Bank
Draper, Utah · FDIC Cert #27314
Synchrony Bank is an FDIC-insured bank (Certificate #27314) with $112.9B in total assets and $85.5B in total deposits as of the Q2 2024 Call Report. Headquartered in Draper, Utah, the bank maintains a Tier 1 capital ratio of 13.17% (Well-Capitalized) and a nonperforming loan ratio of 2.24%. BankHealthData assigns a composite Health Grade of B (70/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Synchrony Bank (FDIC cert 27314) is a mega-bank: $112.9B in total assets, $85.5B in deposits, headquartered in Draper, Utah. Banks at this scale account for the bulk of U.S. banking assets and operate under enhanced prudential standards from the Federal Reserve, OCC, and FDIC.
Capital position is strong: Tier 1 capital ratio of 13.17% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 2.24% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is in the normal range: 17.8% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 2.42% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Synchrony Bank carries a composite BankHealth grade of B (70/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Synchrony Bank
- Total Assets
- $112.9B
- Total Deposits
- $85.5B
- Tier 1 Capital Ratio
- 13.17%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.24%
- Liquidity Ratio
- 17.83%
- Return on Assets
- 2.42%
- Headquarters
- Draper, Utah
- FDIC Certificate
- #27314
- Health Grade
- B (70/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Synchrony Bank holds a Tier 1 capital ratio of 13.17%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Synchrony Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Synchrony Bank shows strong financial health indicators. With $112.9B in assets and a Health Score of 70/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Synchrony Bank Compares
Synchrony Bank’s Health Score of 70 is 1 points above the Utah state average of 69 across 41 FDIC-insured banks. Its 13.17% Tier 1 capital ratio is 0.8 points below the US banking industry average near 14%. The 2.24% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.42% is in line with or above the national ROA benchmark of ~1.1%. Among 28 similarly-sized banks, the average Health Score is 79, meaning this bank ranks below its size cohort.
Frequently Asked Questions
Synchrony Bank has a Bank Health Score of B (70/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 13.17%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Synchrony Bank's Tier 1 capital ratio of 13.17% and nonperforming loan ratio of 2.24% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Synchrony Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #27314). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Synchrony Bank holds $112.9B in total assets and $85.5B in total deposits. It is headquartered in Draper, Utah (FDIC Certificate #27314).
Synchrony Bank has a Tier 1 capital ratio of 13.17%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.24%, and the return on assets is 2.42%.
Yes. Synchrony Bank is FDIC-insured (Certificate #27314). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Synchrony Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.