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Published: 2022-10-25 00:00:00 ET
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Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
Quarter EndedNine Months Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		3Q'22 vs. 3Q'22Sep 30,
2022		Sep 30,
2021		YTD'22 vs. YTD'21
EARNINGS
Net interest income$3,928 $3,802 $3,789 $3,830 $3,658 $270 7.4 %$11,519  $10,409 $1,110 10.7 %
Retailer share arrangements(1,057)(1,127)(1,104)(1,267)(1,266)209 (16.5)%(3,288)(3,261)(27)0.8 %
Provision for credit losses929 724 521 561 25 904 NM2,174 165 2,009 NM
Net interest income, after retailer share arrangements and provision for credit losses1,942 1,951 2,164 2,002 2,367 (425)(18.0)%6,057 6,983 (926)(13.3)%
Other income44 198 108 167 94 (50)(53.2)%350 314 36 11.5 %
Other expense1,064 1,083 1,039 1,122 961 103 10.7 %3,186 2,841 345 12.1 %
Earnings before provision for income taxes922 1,066 1,233 1,047 1,500 (578)(38.5)%3,221 4,456 (1,235)(27.7)%
Provision for income taxes219 262 301 234 359 (140)(39.0)%782 1,048 (266)(25.4)%
Net earnings$703 $804 $932 $813 $1,141 $(438)(38.4)%$2,439 $3,408 $(969)(28.4)%
Net earnings available to common stockholders$692 $793 $922 $803 $1,130 $(438)(38.8)%$2,407 $3,376 $(969)(28.7)%
COMMON SHARE STATISTICS
Basic EPS $1.48 $1.61 $1.79 $1.49 $2.02 $(0.54)(26.7)%$4.89 $5.89 $(1.00)(17.0)%
Diluted EPS $1.47 $1.60 $1.77 $1.48 $2.00 $(0.53)(26.5)%$4.86 $5.84 $(0.98)(16.8)%
Dividend declared per share$0.23 $0.22 $0.22 $0.22 $0.22 $0.01 4.5 %$0.67 $0.66 $0.01 1.5 %
Common stock price$28.19 $27.62 $34.82 $46.39 $48.88 $(20.69)(42.3)%$28.19 $48.88 $(20.69)(42.3)%
Book value per share $26.76 $25.95 $25.06 $24.53 $24.13 $2.63 10.9 %$26.76 $24.13 $2.63 10.9 %
Tangible common equity per share(1)
$22.10 $21.39 $20.60 $20.21 $20.12 $1.98 9.8 %$22.10 $20.12 $1.98 9.8 %
Beginning common shares outstanding487.8 506.2 526.8 547.2 573.4 (85.6)(14.9)%526.8 584.0 (57.2)(9.8)%
Issuance of common shares— — — — — — — %— — — — %
Stock-based compensation0.4 0.2 1.4 0.1 0.5 (0.1)(20.0)%2.0 3.7 (1.7)(45.9)%
Shares repurchased(29.3)(18.6)(22.0)(20.5)(26.7)(2.6)9.7 %(69.9)(40.5)(29.4)72.6 %
Ending common shares outstanding458.9 487.8 506.2 526.8 547.2 (88.3)(16.1)%458.9 547.2 (88.3)(16.1)%
Weighted average common shares outstanding 468.5 493.0 515.3 537.8 560.6 (92.1)(16.4)%492.1 573.6 (81.5)(14.2)%
Weighted average common shares outstanding (fully diluted) 470.7 495.3 519.5 543.0 565.6 (94.9)(16.8)%495.0 578.2 (83.2)(14.4)%
(1) Tangible Common Equity ("TCE") is a non-GAAP measure. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
1

SYNCHRONY FINANCIAL
SELECTED METRICS
(unaudited, $ in millions)
Quarter EndedNine Months Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		3Q'22 vs. 3Q'21Sep 30,
2022		Sep 30,
2021		YTD'22 vs. YTD'21
PERFORMANCE METRICS
Return on assets(1)
2.8 %3.4 %4.0 %3.4 %4.9 %(2.1)%3.4 %4.9 %(1.5)%
Return on equity(2)
21.1 %24.0 %27.5 %23.0 %32.1 %(11.0)%24.2 %33.5 %(9.3)%
Return on tangible common equity(3)
26.6 %30.3 %34.9 %28.7 %40.1 %(13.5)%30.6 %42.4 %(11.8)%
Net interest margin(4)
15.52 %15.60 %15.80 %15.77 %15.45 %0.07 %15.64 %14.40 %1.24 %
Efficiency ratio(5)
36.5 %37.7 %37.2 %41.1 %38.7 %(2.2)%37.1 %38.1 %(1.0)%
Other expense as a % of average loan receivables, including held for sale5.02 %5.21 %5.09 %5.44 %4.84 %0.18 %5.11 %4.87 %0.24 %
Effective income tax rate23.8 %24.6 %24.4 %22.3 %23.9 %(0.1)%24.3 %23.5 %0.8 %
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale3.00 %2.73 %2.73 %2.37 %2.18 %0.82 %2.82 %3.11 %(0.29)%
30+ days past due as a % of period-end loan receivables(6)
3.28 %2.74 %2.78 %2.62 %2.42 %0.86 %3.28 %2.42 %0.86 %
90+ days past due as a % of period-end loan receivables(6)
1.43 %1.22 %1.30 %1.17 %1.05 %0.38 %1.43 %1.05 %0.38 %
Net charge-offs$635 $567 $558 $489 $432 $203 47.0 %$1,760 $1,815 $(55)(3.0)%
Loan receivables delinquent over 30 days(6)
$2,818 $2,262 $2,194 $2,114 $1,850 $968 52.3 %$2,818 $1,850 $968 52.3 %
Loan receivables delinquent over 90 days(6)
$1,232 $1,005 $1,026 $942 $804 $428 53.2 %$1,232 $804 $428 53.2 %
Allowance for credit losses (period-end)$9,102 $8,808 $8,651 $8,688 $8,616 $486 5.6 %$9,102 $8,616 $486 5.6 %
Allowance coverage ratio(7)
10.58 %10.65 %10.96 %10.76 %11.28 %(0.70)%10.58 %11.28 %(0.70)%
BUSINESS METRICS
Purchase volume(8)(9)
$44,557 $47,217 $40,490 $47,072 $41,912 $2,645 6.3 %$132,264 $118,782 $13,482 11.4 %
Period-end loan receivables$86,012 $82,674 $78,916 $80,740 $76,388 $9,624 12.6 %$86,012 $76,388 $9,624 12.6 %
Credit cards$81,254 $78,062 $74,596 $76,628 $72,289 $8,965 12.4 %$81,254 $72,289 $8,965 12.4 %
Consumer installment loans$2,945 $2,847 $2,719 $2,675 $2,614 $331 12.7 %$2,945 $2,614 $331 12.7 %
Commercial credit products$1,723 $1,689 $1,530 $1,372 $1,401 $322 23.0 %$1,723 $1,401 $322 23.0 %
Other$90 $76 $71 $65 $84 $6 7.1 %$90 $84 $6 7.1 %
Average loan receivables, including held for sale$84,038 $83,412 $82,747 $81,784 $78,714 $5,324 6.8 %$83,404 $77,965 $5,439 7.0 %
Period-end active accounts (in thousands)(9)(10)
66,503 65,969 69,122 72,420 67,245 (742)(1.1)%66,503 67,245 (742)(1.1)%
Average active accounts (in thousands)(9)(10)
66,266 68,671 70,127 69,397 67,189 (923)(1.4)%68,517 66,500 2,017 3.0 %
LIQUIDITY
Liquid assets
Cash and equivalents$11,962 $10,682 $10,541 $8,337 $9,806 $2,156 22.0 %$11,962 $9,806 $2,156 22.0 %
Total liquid assets$16,566 $15,177 $14,687 $12,989 $14,664 $1,902 13.0 %$16,566 $14,664 $1,902 13.0 %
Undrawn credit facilities
Undrawn credit facilities$3,700 $3,700 $3,100 $2,700 $3,700 $— — %$3,700 $3,700 $— — %
Total liquid assets and undrawn credit facilities$20,266 $18,877 $17,787 $15,689 $18,364 $1,902 10.4 %$20,266 $18,364 $1,902 10.4 %
Liquid assets % of total assets16.44 %15.94 %15.42 %13.57 %15.95 %0.49 %16.44 %15.95 %0.49 %
Liquid assets including undrawn credit facilities % of total assets20.11 %19.83 %18.67 %16.39 %19.97 %0.14 %20.11 %19.97 %0.14 %
(1) Return on assets represents net earnings as a percentage of average total assets.
(2) Return on equity represents net earnings as a percentage of average total equity.
(3) Return on tangible common equity represents net earnings available to common stockholders as a percentage of average tangible common equity. Tangible common equity ("TCE") is a non-GAAP measure. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(4) Net interest margin represents net interest income divided by average interest-earning assets.
(5) Efficiency ratio represents (i) other expense, divided by (ii) net interest income, plus other income, less retailer share arrangements.
(6) Based on customer statement-end balances extrapolated to the respective period-end date.
(7) Allowance coverage ratio represents allowance for credit losses divided by total period-end loan receivables.
(8) Purchase volume, or net credit sales, represents the aggregate amount of charges incurred on credit cards or other credit product accounts less returns during the period.
(9) Includes activity and accounts associated with loan receivables held for sale.
(10) Active accounts represent credit card or installment loan accounts on which there has been a purchase, payment or outstanding balance in the current month.
2

SYNCHRONY FINANCIAL
STATEMENTS OF EARNINGS
(unaudited, $ in millions)
Quarter EndedNine Months Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		3Q'22 vs. 3Q'21Sep 30,
2022		Sep 30,
2021		YTD'22 vs. YTD'21
Interest income: 
Interest and fees on loans$4,258 $4,039 $4,008 $4,042 $3,887 $371 9.5 %$12,305 $11,186 $1,119 10.0 %
Interest on cash and debt securities84 35 14 11 11 73 NM133 32 101 NM
Total interest income4,342 4,074 4,022 4,053 3,898 444 11.4 %12,438 11,218 1,220 10.9 %
Interest expense:
Interest on deposits280 160 127 119 131 149 113.7 %567 447 120 26.8 %
Interest on borrowings of consolidated securitization entities54 40 33 33 41 13 31.7 %127 136 (9)(6.6)%
Interest on senior unsecured notes80 72 73 71 68 12 17.6 %225 226 (1)(0.4)%
Total interest expense414 272 233 223 240 174 72.5 %919 809 110 13.6 %
Net interest income3,928 3,802 3,789 3,830 3,658 270 7.4 %11,519 10,409 1,110 10.7 %
Retailer share arrangements(1,057)(1,127)(1,104)(1,267)(1,266)209 (16.5)%(3,288)(3,261)(27)0.8 %
Provision for credit losses929 724 521 561 25 904 NM2,174 165 2,009 NM
Net interest income, after retailer share arrangements and provision for credit losses1,942 1,951 2,164 2,002 2,367 (425)(18.0)%6,057 6,983 (926)(13.3)%
Other income:
Interchange revenue238 263 230 254 232 6 2.6 %731 626 105 16.8 %
Debt cancellation fees103 93 89 79 70 33 47.1 %285 205 80 39.0 %
Loyalty programs(326)(322)(258)(310)(256)(70)27.3 %(906)(682)(224)32.8 %
Other29 164 47 144 48 (19)(39.6)%240 165 75 45.5 %
Total other income44 198 108 167 94 (50)(53.2)%350 314 36 11.5 %
Other expense:
Employee costs416 404 402 409 369 47 12.7 %1,222 1,092 130 11.9 %
Professional fees204 185 210 207 196 8 4.1 %599 575 24 4.2 %
Marketing and business development115 135 116 167 110 5 4.5 %366 319 47 14.7 %
Information processing150 163 145 143 139 11 7.9 %458 407 51 12.5 %
Other179 196 166 196 147 32 21.8 %541 448 93 20.8 %
Total other expense1,064 1,083 1,039 1,122 961 103 10.7 %3,186 2,841 345 12.1 %
Earnings before provision for income taxes922 1,066 1,233 1,047 1,500 (578)(38.5)%3,221 4,456 (1,235)(27.7)%
Provision for income taxes219 262 301 234 359 (140)(39.0)%782 1,048 (266)(25.4)%
Net earnings$703 $804 $932 $813 $1,141 $(438)(38.4)%$2,439 $3,408 $(969)(28.4)%
Net earnings available to common stockholders$692 $793 $922 $803 $1,130 $(438)(38.8)%$2,407 $3,376 $(969)(28.7)%

3

SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
Quarter Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Sep 30, 2022 vs. Sep 30, 2021
Assets
Cash and equivalents$11,962 $10,682 $10,541 $8,337 $9,806 $2,156 22.0 %
Debt securities5,082 5,012 4,677 5,283 5,444 (362)(6.6)%
Loan receivables:
Unsecuritized loans held for investment67,651 63,350 59,643 60,211 56,745 10,906 19.2 %
Restricted loans of consolidated securitization entities18,361 19,324 19,273 20,529 19,643 (1,282)(6.5)%
Total loan receivables86,012 82,674 78,916 80,740 76,388 9,624 12.6 %
Less: Allowance for credit losses(9,102)(8,808)(8,651)(8,688)(8,616)(486)5.6 %
Loan receivables, net76,910 73,866 70,265 72,052 67,772 9,138 13.5 %
Loan receivables held for sale— — 4,046 4,361 3,450 (3,450)(100.0)%
Goodwill1,105 1,105 1,105 1,105 1,105 — — %
Intangible assets, net1,033 1,118 1,149 1,168 1,090 (57)(5.2)%
Other assets4,674 3,417 3,484 3,442 3,270 1,404 42.9 %
Total assets$100,766 $95,200 $95,267 $95,748 $91,937 $8,829 9.6 %
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts$68,032 $64,328 $63,180 $61,911 $59,998 $8,034 13.4 %
Non-interest-bearing deposit accounts372 381 395 359 355 17 4.8 %
Total deposits68,404 64,709 63,575 62,270 60,353 8,051 13.3 %
Borrowings:
Borrowings of consolidated securitization entities6,360 5,687 6,139 7,288 6,288 72 1.1 %
Senior unsecured notes7,961 6,470 7,221 7,219 6,472 1,489 23.0 %
Total borrowings14,321 12,157 13,360 14,507 12,760 1,561 12.2 %
Accrued expenses and other liabilities5,029 4,941 4,914 5,316 4,888 141 2.9 %
Total liabilities87,754 81,807 81,849 82,093 78,001 9,753 12.5 %
Equity:
Preferred stock734 734 734 734 734 — — %
Common stock1 1 1 1 1 — — %
Additional paid-in capital9,685 9,663 9,643 9,669 9,649 36 0.4 %
Retained earnings16,252 15,679 15,003 14,245 13,562 2,690 19.8 %
Accumulated other comprehensive income (loss)(187)(149)(121)(69)(64)(123)192.2 %
Treasury stock(13,473)(12,535)(11,842)(10,925)(9,946)(3,527)35.5 %
Total equity13,012 13,393 13,418 13,655 13,936 (924)(6.6)%
Total liabilities and equity$100,766 $95,200 $95,267 $95,748 $91,937 $8,829 9.6 %

4

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Quarter Ended
Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021
InterestAverageInterestAverageInterestAverageInterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$11,506 $65 2.24 %$9,249 $20 0.87 %$8,976 $5 0.23 %$9,024 $4 0.18 %$9,559 $3 0.12 %
Securities available for sale4,861 19 1.55 %5,063 15 1.19 %5,513 9 0.66 %5,517 7 0.50 %5,638 8 0.56 %
Loan receivables, including held for sale:
Credit cards79,354 4,153 20.76 %78,912 3,943 20.04 %78,564 3,913 20.20 %77,642 3,946 20.16 %74,686 3,793 20.15 %
Consumer installment loans2,884 74 10.18 %2,775 69 9.97 %2,682 66 9.98 %2,641 65 9.76 %2,555 64 9.94 %
Commercial credit products1,720 30 6.92 %1,654 25 6.06 %1,434 28 7.92 %1,434 30 8.30 %1,407 29 8.18 %
Other80 1 4.96 71 2 11.30 67 1 NM67 1 NM66 1 NM
Total loan receivables, including held for sale84,038 4,258 20.10 %83,412 4,039 19.42 %82,747 4,008 19.64 %81,784 4,042 19.61 %78,714 3,887 19.59 %
Total interest-earning assets100,405 4,342 17.16 %97,724 4,074 16.72 %97,236 4,022 16.78 %96,325 4,053 16.69 %93,911 3,898 16.47 %
Non-interest-earning assets:
Cash and due from banks1,580 1,614 1,626 1,606 1,588 
Allowance for credit losses(8,878)(8,651)(8,675)(8,648)(8,956)
Other assets5,587 5,386 5,369 5,424 5,405 
Total non-interest-earning assets(1,711)(1,651)(1,680)(1,618)(1,963)
Total assets$98,694 $96,073 $95,556 $94,707 $91,948 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$66,787 $280 1.66 %$63,961 $160 1.00 %$62,314 $127 0.83 %$61,090 $119 0.77 %$59,275 $131 0.88 %
Borrowings of consolidated securitization entities6,258 54 3.42 %6,563 40 2.44 %6,827 33 1.96 %7,105 33 1.84 %7,051 41 2.31 %
Senior unsecured notes7,102 80 4.47 %6,974 72 4.14 %7,219 73 4.10 %6,999 71 4.02 %6,471 68 4.17 %
Total interest-bearing liabilities80,147 414 2.05 %77,498 272 1.41 %76,360 233 1.24 %75,194 223 1.18 %72,797 240 1.31 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts371 396 374 343 358 
Other liabilities4,938 4,717 5,091 5,137 4,676 
Total non-interest-bearing liabilities5,309 5,113 5,465 5,480 5,034 
Total liabilities85,456 82,611 81,825 80,674 77,831 
Equity
Total equity13,238 13,462 13,731 14,033 14,117 
Total liabilities and equity$98,694 $96,073 $95,556 $94,707 $91,948 
Net interest income$3,928 $3,802 $3,789 $3,830 $3,658 
Interest rate spread(1)
15.11 %15.31 %15.54 %15.51 %15.16 %
Net interest margin(2)
15.52 %15.60 %15.80 %15.77 %15.45 %
(1) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average interest-earning assets.

5

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Nine Months Ended
Sep 30, 2022		Nine Months Ended
Sep 30, 2021
InterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$9,920 $90 1.21 %$12,567 $11 0.12 %
Securities available for sale5,143 43 1.12 %6,128 21 0.46 %
Loan receivables, including held for sale:
Credit cards78,946 12,009 20.34 %74,179 10,934 19.71 %
Consumer installment loans2,781 209 10.05 %2,398 176 9.81 %
Commercial credit products1,604 83 6.92 %1,334 73 7.32 %
Other73 4 7.33 %54 3 7.43 %
Total loan receivables, including held for sale83,404 12,305 19.73 %77,965 11,186 19.18 %
Total interest-earning assets98,467 12,438 16.89 %96,660 11,218 15.52 %
Non-interest-earning assets:
Cash and due from banks1,607 1,594 
Allowance for loan losses(8,735)(9,656)
Other assets5,447 5,317 
Total non-interest-earning assets(1,681)(2,745)
Total assets$96,786 $93,915 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$64,371 $567 1.18 %$60,907 $447 0.98 %
Borrowings of consolidated securitization entities6,547 127 2.59 %7,296 136 2.49 %
Senior unsecured notes7,098 225 4.24 %7,232 226 4.18 %
Total interest-bearing liabilities78,016 919 1.57 %75,435 809 1.43 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts380 351 
Other liabilities4,915 4,510 
Total non-interest-bearing liabilities5,295 4,861 
Total liabilities83,311 80,296 
Equity
Total equity13,475 13,619 
Total liabilities and equity$96,786 $93,915 
Net interest income$11,519 $10,409 
Interest rate spread(1)
15.32 %14.09 %
Net interest margin(2)
15.64 %14.40 %
(1) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average interest-earning assets.
6

SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Sep 30, 2022 vs.
Sep 30, 2021
BALANCE SHEET STATISTICS
Total common equity$12,278 $12,659 $12,684 $12,921 $13,202 $(924)(7.0)%
Total common equity as a % of total assets12.18 %13.30 %13.31 %13.49 %14.36 %(2.18)%
Tangible assets$98,628 $92,977 $93,013 $93,475 $89,742 $8,886 9.9 %
Tangible common equity(1)
$10,140 $10,436 $10,430 $10,648 $11,007 $(867)(7.9)%
Tangible common equity as a % of tangible assets(1)
10.28 %11.22 %11.21 %11.39 %12.27 %(1.99)%
Tangible common equity per share(1)
$22.10 $21.39 $20.60 $20.21 $20.12 $1.98 9.8 %
REGULATORY CAPITAL RATIOS(2)(3)
Basel III - CECL Transition
Total risk-based capital ratio(4)
16.5 %17.4 %17.2 %17.8 %19.3 %
Tier 1 risk-based capital ratio(5)
15.2 %16.1 %15.9 %16.5 %18.0 %
Tier 1 leverage ratio(6)
13.2 %13.8 %13.9 %14.7 %15.5 %
Common equity Tier 1 capital ratio14.3 %15.2 %15.0 %15.6 %17.1 %
(1) Tangible common equity ("TCE") is a non-GAAP measure. We believe TCE is a more meaningful measure of the net asset value of the Company to investors. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(2) Regulatory capital ratios at September 30, 2022 are preliminary and therefore subject to change.
(3) Capital ratios starting March 31, 2020 reflect election to delay for two years an estimate of CECL’s effect on regulatory capital in accordance with the interim final rule issued by U.S. banking agencies in March 2020. Beginning in the first quarter of 2022, the effects are now being phased-in over a three-year transitional period through 2024.
(4) Total risk-based capital ratio is the ratio of total risk-based capital divided by risk-weighted assets.
(5) Tier 1 risk-based capital ratio is the ratio of Tier 1 capital divided by risk-weighted assets.
(6) Tier 1 leverage ratio is the ratio of Tier 1 capital divided by total average assets, after certain adjustments.

7

SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
Quarter EndedNine Months Ended
Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		3Q'22 vs. 3Q'21Sep 30,
2022		Sep 30,
2021		YTD'22vs. YTD'21
HOME & AUTO(6)
Purchase volume(1)
$12,273 $12,895 $10,260 $10,919 $11,069 $1,204 10.9 %$35,428 $31,929 $3,499 11.0 %
Period-end loan receivables$29,017 $27,989 $26,532 $26,781 $26,210 $2,807 10.7 %$29,017 $26,210 $2,807 10.7 %
Average loan receivables, including held for sale$28,387 $27,106 $26,406 $26,455 $25,800 $2,587 10.0 %$27,307 $25,396 $1,911 7.5 %
Average active accounts (in thousands)(3)
18,350 17,942 17,473 17,655 17,516 834 4.8 %17,923 17,326 597 3.4 %
Interest and fees on loans$1,210 $1,108 $1,088 $1,126 $1,092 $118 10.8 %$3,406 $3,121 $285 9.1 %
Other income$20 $23 $21 $18 $18 $2 11.1 %$64 $51 $13 25.5 %
DIGITAL
Purchase volume(1)
$12,941 $12,463 $11,196 $13,451 $10,980 $1,961 17.9 %$36,600 $31,250 $5,350 17.1 %
Period-end loan receivables$22,925 $21,842 $21,075 $21,751 $19,636 $3,289 16.7 %$22,925 $19,636 $3,289 16.7 %
Average loan receivables, including held for sale$22,361 $21,255 $21,160 $20,388 $19,286 $3,075 15.9 %$21,596 $19,168 $2,428 12.7 %
Average active accounts (in thousands)(3)
19,418 19,069 19,000 18,375 17,655 1,763 10.0 %19,176 17,426 1,750 10.0 %
Interest and fees on loans$1,197 $1,058 $1,022 $1,025 $973 $224 23.0 %$3,277 $2,767 $510 18.4 %
Other income$(22)$(13)$(12)$(28)$(19)$(3)15.8 %$(47)$(59)$12 (20.3)%
DIVERSIFIED & VALUE
Purchase volume(1)
$14,454 $14,388 $11,558 $14,154 $12,006 $2,448 20.4 %$40,400 $32,844 $7,556 23.0 %
Period-end loan receivables$16,566 $16,076 $15,166 $16,075 $14,415 $2,151 14.9 %$16,566 $14,415 $2,151 14.9 %
Average loan receivables, including held for sale$16,243 $15,498 $15,128 $14,999 $14,328 $1,915 13.4 %$15,627 $14,333 $1,294 9.0 %
Average active accounts (in thousands)(3)
19,411 19,026 19,201 18,829 17,903 1,508 8.4 %19,258 17,591 1,667 9.5 %
Interest and fees on loans$935 $826 $826 $817 $780 $155 19.9 %$2,587 $2,298 $289 12.6 %
Other income$(19)$(35)$(9)$(23)$(8)$(11)137.5 %$(63)$(5)$(58)NM
HEALTH & WELLNESS
Purchase volume(1)
$3,514 $3,443 $3,107 $3,055 $3,024 $490 16.2 %$10,064 $8,660 $1,404 16.2 %
Period-end loan receivables$11,590 $10,932 $10,407 $10,244 $9,879 $1,711 17.3 %$11,590 $9,879 $1,711 17.3 %
Average loan receivables, including held for sale$11,187 $10,596 $10,251 $10,057 $9,654 $1,533 15.9 %$10,681 $9,477 $1,204 12.7 %
Average active accounts (in thousands)(3)
6,411 6,177 6,027 5,922 5,707 704 12.3 %6,207 5,673 534 9.4 %
Interest and fees on loans$706 $644 $616 $603 $587 $119 20.3 %$1,966 $1,668 $298 17.9 %
Other income$55 $49 $53 $42 $41 $14 34.1 %$157 $117 $40 34.2 %
LIFESTYLE
Purchase volume(1)
$1,374 $1,431 $1,195 $1,462 $1,298 $76 5.9 %$4,000 $3,857 $143 3.7 %
Period-end loan receivables$5,686 $5,558 $5,381 $5,479 $5,234 $452 8.6 %$5,686 $5,234 $452 8.6 %
Average loan receivables, including held for sale$5,610 $5,443 $5,379 $5,297 $5,185 $425 8.2 %$5,478 $5,080 $398 7.8 %
Average active accounts (in thousands)(3)
2,524 2,510 2,582 2,548 2,465 59 2.4 %2,546 2,500 46 1.8 %
Interest and fees on loans$208 $194 $191 $194 $187 $21 11.2 %$593 $550 $43 7.8 %
Other income$8 $7 $6 $6 $6 $2 33.3 %$21 $17 $4 23.5 %
CORP, OTHER(4)(6)
Purchase volume(1)(2)
$1 $2,597 $3,174 $4,031 $3,535 $(3,534)(100.0)%$5,772 $10,242 $(4,470)(43.6)%
Period-end loan receivables(5)
$228 $277 $355 $410 $1,014 $(786)(77.5)%$228 $1,014 $(786)(77.5)%
Average loan receivables, including held for sale$250 $3,514 $4,423 $4,588 $4,461 $(4,211)(94.4)%$2,715 $4,511 $(1,796)(39.8)%
Average active accounts (in thousands)(2)(3)
152 3,947 5,844 6,068 5,943 (5,791)(97.4)%3,407 5,984 (2,577)(43.1)%
Interest and fees on loans$2 $209 $265 $277 $268 $(266)(99.3)%$476 $782 $(306)(39.1)%
Other income$2 $167 $49 $152 $56 $(54)(96.4)%$218 $193 $25 13.0 %
TOTAL SYF
Purchase volume(1)(2)
$44,557 $47,217 $40,490 $47,072 $41,912 $2,645 6.3 %$132,264 $118,782 $13,482 11.4 %
Period-end loan receivables(5)
$86,012 $82,674 $78,916 $80,740 $76,388 $9,624 12.6 %$86,012 $76,388 $9,624 12.6 %
Average loan receivables, including held for sale$84,038 $83,412 $82,747 $81,784 $78,714 $5,324 6.8 %$83,404 $77,965 $5,439 7.0 %
Average active accounts (in thousands)(2)(3)
66,266 68,671 70,127 69,397 67,189 (923)(1.4)%68,517 66,500 2,017 3.0 %
Interest and fees on loans$4,258 $4,039 $4,008 $4,042 $3,887 $371 9.5 %$12,305 $11,186 $1,119 10.0 %
Other income$44 $198 $108 $167 $94 $(50)(53.2)%$350 $314 $36 11.5 %
(1) Purchase volume, or net credit sales, represents the aggregate amount of charges incurred on credit cards or other credit product accounts less returns during the period.
(2) Includes activity and balances associated with loan receivables held for sale.
(3) Active accounts represent credit card or installment loan accounts on which there has been a purchase, payment or outstanding balance in the current month.
(4) Includes activity and balances associated with the Gap Inc. and BP portfolios which were both sold in 2Q 2022.
(5) Reflects the reclassification of $3.5 billion and $0.5 billion to loan receivables held for sale in 3Q 2021 and 4Q 2021, respectively.
(6) In December 2021, we entered into an agreement to sell $0.5 billion of loan receivables associated with our program agreement with BP. In connection with this agreement, revenue activities for the BP portfolio are no longer managed within our Home & Auto sales platform. All metrics for the BP portfolio previously reported within our Home & Auto sales platform, are now reported within our Corp, Other information. We have recast all prior-period reported metrics for our Home & Auto sales platform and Corp, Other to conform to the current-period presentation.
8

SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES AND CALCULATIONS OF REGULATORY MEASURES(1)
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Sep 30,
2022		Jun 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity$13,012 $13,393 $13,418 $13,655 $13,936 
Less: Preferred stock(734)(734)(734)(734)(734)
Less: Goodwill(1,105)(1,105)(1,105)(1,105)(1,105)
Less: Intangible assets, net(1,033)(1,118)(1,149)(1,168)(1,090)
Tangible common equity$10,140 $10,436 $10,430 $10,648 $11,007 
Add: CECL transition amount1,719 1,719 1,719 2,292 2,274 
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)419 391 371 329 299 
Common equity Tier 1 $12,278 $12,546 $12,520 $13,269 $13,580 
Preferred stock734 734 734 734 734 
Tier 1 capital$13,012 $13,280 $13,254 $14,003 $14,314 
Add: Allowance for credit losses includible in risk-based capital1,142 1,099 1,106 1,119 1,052 
Total Risk-based capital$14,154 $14,379 $14,360 $15,122 $15,366 
ASSET MEASURES(2)
Total average assets$98,694 $96,073 $95,556 $94,707 $91,948 
Adjustments for:
Add: CECL transition amount1,719 1,719 1,719 2,292 2,274 
Less: Disallowed goodwill and other disallowed intangible assets
(net of related deferred tax liabilities) and other		(1,776)(1,878)(1,964)(1,999)(1,960)
Total assets for leverage purposes$98,637 $95,914 $95,311 $95,000 $92,262 
Risk-weighted assets$85,664 $82,499 $83,251 $84,950 $79,597 
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital$13,012 $13,280 $13,254 $14,003 $14,314 
Less: CECL transition adjustment(1,719)(1,719)(1,719)(2,292)(2,274)
Tier 1 capital (CECL fully phased-in)$11,293 $11,561 $11,535 $11,711 $12,040 
Add: Allowance for credit losses9,102 8,808 8,651 8,688 8,616 
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses$20,395 $20,369 $20,186 $20,399 $20,656 
Risk-weighted assets$85,664 $82,499 $83,251 $84,950 $79,597 
Less: CECL transition adjustment(870)(870)(870)(1,353)(2,065)
Risk-weighted assets (CECL fully phased-in)$84,794 $81,629 $82,381 $83,597 $77,532 
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share$26.76 $25.95 $25.06 $24.53 $24.13 
Less: Goodwill(2.41)(2.27)(2.18)(2.10)(2.02)
Less: Intangible assets, net(2.25)(2.29)(2.28)(2.22)(1.99)
Tangible common equity per share$22.10 $21.39 $20.60 $20.21 $20.12 
(1) Regulatory measures at September 30, 2022 are presented on an estimated basis.
(2) Capital ratios starting March 31, 2020 reflect election to delay for two years an estimate of CECL’s effect on regulatory capital in accordance with the interim final rule issued by U.S. banking agencies in March 2020. Beginning in the first quarter of 2022, the effects are now being phased-in over a three-year transitional period through 2024.

9

SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES (Continued)
(unaudited, $ in millions)
Quarter Ended
Sep 30,
2022		Sep 30,
2021
CORE PURCHASE VOLUME
Purchase Volume$44,557 $41,912 
Less: Gap and BP Purchase volume— (3,534)
Core Purchase volume$44,557 $38,378 
CORE LOAN RECEIVABLES
Loan receivables$86,012 $76,388 
Less: Gap and BP Loan receivables(124)(850)
Core Loan receivables$85,888 $75,538 
CORE AVERAGE ACTIVE ACCOUNTS (in thousands)
Average active accounts 66,266 67,189 
Less: Gap and BP Average active accounts (110)(5,871)
Core Average active accounts 66,156 61,318 
CORE NEW ACCOUNTS (in millions)
New accounts5.8 6.2 
Less: Gap and BP New accounts — (0.5)
Core New accounts5.8 5.7 
10