Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Six Months Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				2Q'16 vs. 2Q'15						Jun 30, 2016				Jun 30, 2015				YTD'16 vs. YTD'15
EARNINGS
Net interest income	$	3,212			$	3,209			$	3,208			$	3,103			$	2,907			$	305		10.5	%		$	6,421			$	5,782			$	639		11.1	%
Retailer share arrangements	(664		)		(670		)		(734		)		(723		)		(621		)		(43		)	6.9	%		(1,334		)		(1,281		)		(53		)	4.1	%
Net interest income, after retailer share arrangements	2,548				2,539				2,474				2,380				2,286				262			11.5	%		5,087				4,501				586			13.0	%
Provision for loan losses	1,021				903				823				702				740				281			38.0	%		1,924				1,427				497			34.8	%
Net interest income, after retailer share arrangements and provision for loan losses	1,527				1,636				1,651				1,678				1,546				(19		)	(1.2	)%		3,163				3,074				89			2.9	%
Other income	83				92				87				84				120				(37		)	(30.8	)%		175				221				(46		)	(20.8	)%
Other expense	839				800				870				843				805				34			4.2	%		1,639				1,551				88			5.7	%
Earnings before provision for income taxes	771				928				868				919				861				(90		)	(10.5	)%		1,699				1,744				(45		)	(2.6	)%
Provision for income taxes	282				346				321				345				320				(38		)	(11.9	)%		628				651				(23		)	(3.5	)%
Net earnings	$	489			$	582			$	547			$	574			$	541			$	(52	)	(9.6	)%		$	1,071			$	1,093			$	(22	)	(2.0	)%
Net earnings attributable to common stockholders	$	489			$	582			$	547			$	574			$	541			$	(52	)	(9.6	)%		$	1,071			$	1,093			$	(22	)	(2.0	)%
COMMON SHARE STATISTICS
Basic EPS	$	0.59			$	0.70			$	0.66			$	0.69			$	0.65			$	(0.06	)	(9.2	)%		$	1.28			$	1.31			$	(0.03	)	(2.3	)%
Diluted EPS	$	0.58			$	0.70			$	0.65			$	0.69			$	0.65			$	(0.07	)	(10.8	)%		$	1.28			$	1.31			$	(0.03	)	(2.3	)%
Common stock price	$	25.28			$	28.66			$	30.41			$	31.30			$	32.93			$	(7.65	)	(23.2	)%		$	25.28			$	32.93			$	(7.65	)	(23.2	)%
Book value per share	$	16.45			$	15.84			$	15.12			$	14.58			$	13.89			$	2.56		18.4	%		$	16.45			$	13.89			$	2.56		18.4	%
Tangible common equity per share(1)	$	14.46			$	13.86			$	13.14			$	12.67			$	12.06			$	2.40		19.9	%		$	14.46			$	12.06			$	2.40		19.9	%
Beginning common shares outstanding	833.8				833.8				833.8				833.8				833.8				—			—	%		833.8				833.8				—			—	%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	0.1				—				—				—				—				0.1			NM			0.1				—				0.1			NM
Shares repurchased	—				—				—				—				—				—			—	%		—				—				—			—	%
Ending common shares outstanding	833.9				833.8				833.8				833.8				833.8				0.1			—	%		833.9				833.8				0.1			—	%
Weighted average common shares outstanding	833.9				833.8				833.8				833.8				833.8				0.1			—	%		833.9				833.8				0.1			—	%
Weighted average common shares outstanding (fully diluted)	836.2				835.5				835.8				835.8				835.4				0.8			0.1	%		835.8				835.2				0.6			0.1	%
(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.

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SYNCHRONY FINANCIAL
SELECTED METRICS(1)
(unaudited, $ in millions, except account data)
	Quarter Ended																										Six Months Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				2Q'16 vs. 2Q'15						Jun 30, 2016				Jun 30, 2015				YTD'16 vs. YTD'15
PERFORMANCE METRICS
Return on assets(2)	2.4		%		2.8		%		2.7		%		2.9		%		2.9		%					(0.5	)%		2.6		%		3.0		%					(0.4	)%
Return on equity(3)	14.6		%		18.1		%		17.5		%		19.2		%		19.2		%					(4.6	)%		16.3		%		20.0		%					(3.7	)%
Return on tangible common equity(4)	16.6		%		20.8		%		20.1		%		22.0		%		22.2		%					(5.6	)%		18.7		%		23.1		%					(4.4	)%
Net interest margin(5)	15.86		%		15.76		%		15.73		%		15.97		%		15.77		%					0.09	%		15.80		%		15.75		%					0.05	%
Efficiency ratio(6)	31.9		%		30.4		%		34.0		%		34.2		%		33.5		%					(1.6	)%		31.1		%		32.8		%					(1.7	)%
Other expense as a % of average loan receivables, including held for sale	5.04		%		4.82		%		5.28		%		5.35		%		5.37		%					(0.33	)%		4.92		%		5.20		%					(0.28	)%
Effective income tax rate	36.6		%		37.3		%		37.0		%		37.5		%		37.2		%					(0.6	)%		37.0		%		37.3		%					(0.3	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	4.49		%		4.70		%		4.23		%		4.02		%		4.63		%					(0.14	)%		4.59		%		4.56		%					0.03	%
30+ days past due as a % of period-end loan receivables(7)	3.79		%		3.85		%		4.06		%		4.02		%		3.53		%					0.26	%		3.79		%		3.53		%					0.26	%
90+ days past due as a % of period-end loan receivables(7)	1.67		%		1.84		%		1.86		%		1.73		%		1.52		%					0.15	%		1.67		%		1.52		%					0.15	%
Net charge-offs	$	747			$	780			$	697			$	633			$	693			$	54		7.8	%		$	1,527			$	1,361			$	166		12.2	%
Loan receivables delinquent over 30 days(7)	$	2,585			$	2,538			$	2,772			$	2,553			$	2,171			$	414		19.1	%		$	2,585			$	2,171			$	414		19.1	%
Loan receivables delinquent over 90 days(7)	$	1,143			$	1,212			$	1,273			$	1,102			$	933			$	210		22.5	%		$	1,143			$	933			$	210		22.5	%
Allowance for loan losses (period-end)	$	3,894			$	3,620			$	3,497			$	3,371			$	3,302			$	592		17.9	%		$	3,894			$	3,302			$	592		17.9	%
Allowance coverage ratio(8)	5.70		%		5.50		%		5.12		%		5.31		%		5.38		%					0.32	%		5.70		%		5.38		%					0.32	%
BUSINESS METRICS
Purchase volume(9)	$	31,507			$	26,977			$	32,460			$	29,206			$	28,810			$	2,697		9.4	%		$	58,484			$	51,949			$	6,535		12.6	%
Period-end loan receivables	$	68,282			$	65,849			$	68,290			$	63,520			$	61,431			$	6,851		11.2	%		$	68,282			$	61,431			$	6,851		11.2	%
Credit cards	$	65,511			$	63,309			$	65,773			$	60,920			$	58,827			$	6,684		11.4	%		$	65,511			$	58,827			$	6,684		11.4	%
Consumer installment loans	$	1,293			$	1,184			$	1,154			$	1,171			$	1,138			$	155		13.6	%		$	1,293			$	1,138			$	155		13.6	%
Commercial credit products	$	1,389			$	1,318			$	1,323			$	1,380			$	1,410			$	(21	)	(1.5	)%		$	1,389			$	1,410			$	(21	)	(1.5	)%
Other	$	89			$	38			$	40			$	49			$	56			$	33		58.9	%		$	89			$	56			$	33		58.9	%
Average loan receivables, including held for sale	$	66,943			$	66,705			$	65,406			$	62,504			$	60,094			$	6,849		11.4	%		$	66,963			$	60,124			$	6,839		11.4	%
Period-end active accounts (in thousands)(10)	66,491				64,689				68,314				62,831				61,718				4,773			7.7	%		66,491				61,718				4,773			7.7	%
Average active accounts (in thousands)(10)	65,531				66,134				64,892				62,247				60,923				4,608			7.6	%		65,996				61,478				4,518			7.3	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	11,787			$	12,500			$	12,325			$	12,271			$	10,621			$	1,166		11.0	%		$	11,787			$	10,621			$	1,166		11.0	%
Total liquid assets	$	13,956			$	14,915			$	14,836			$	15,305			$	13,660			$	296		2.2	%		$	13,956			$	13,660			$	296		2.2	%
Undrawn credit facilities
Undrawn committed securitization financings	$	7,025			$	7,325			$	6,075			$	6,550			$	6,125			$	900		14.7	%		$	7,025			$	6,125			$	900		14.7	%
Total liquid assets and undrawn credit facilities	$	20,981			$	22,240			$	20,911			$	21,855			$	19,785			$	1,196		6.0	%		$	20,981			$	19,785			$	1,196		6.0	%
Liquid assets % of total assets	16.94		%		18.27		%		17.66		%		19.30		%		18.07		%					(1.13	)%		16.94		%		18.07		%					(1.13	)%
Liquid assets including undrawn committed securitization financings % of total assets	25.47		%		27.24		%		24.90		%		27.56		%		26.17		%					(0.70	)%		25.47		%		26.17		%					(0.70	)%
(1) Certain balance sheet amounts and related metrics have been updated to reflect the adoption of ASU 2015-03. More detail on this update is in footnote (1) on the Statements of Financial Position.
(2) Return on assets represents net earnings as a percentage of average total assets.
(3) Return on equity represents net earnings as a percentage of average total equity.
(4) Return on tangible common equity represents net earnings 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.
(5) Net interest margin represents net interest income divided by average interest-earning assets.
(6) Efficiency ratio represents (i) other expense, divided by (ii) net interest income, after retailer share arrangements, plus other income.
(7) Based on customer statement-end balances extrapolated to the respective period-end date.
(8) Allowance coverage ratio represents allowance for loan losses divided by total period-end loan receivables.
(9) 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.
(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.

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SYNCHRONY FINANCIAL
STATEMENTS OF EARNINGS
(unaudited, $ in millions)
	Quarter Ended																										Six Months Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				2Q'16 vs. 2Q'15						Jun 30, 2016				Jun 30, 2015				YTD'16 vs. YTD'15
Interest income:
Interest and fees on loans	$	3,494			$	3,498			$	3,494			$	3,379			$	3,166			$	328		10.4	%		$	6,992			$	6,306			$	686		10.9	%
Interest on investment securities	21				22				15				13				11				10			90.9	%		43				21				22			104.8	%
Total interest income	3,515				3,520				3,509				3,392				3,177				338			10.6	%		7,035				6,327				708			11.2	%
Interest expense:
Interest on deposits	179				172				165				159				146				33			22.6	%		351				283				68			24.0	%
Interest on borrowings of consolidated securitization entities	59				58				56				54				53				6			11.3	%		117				105				12			11.4	%
Interest on third-party debt	65				81				80				76				71				(6		)	(8.5	)%		146				153				(7		)	(4.6	)%
Interest on related party debt	—				—				—				—				—				—			—	%		—				4				(4		)	(100.0	)%
Total interest expense	303				311				301				289				270				33			12.2	%		614				545				69			12.7	%
Net interest income	3,212				3,209				3,208				3,103				2,907				305			10.5	%		6,421				5,782				639			11.1	%
Retailer share arrangements	(664		)		(670		)		(734		)		(723		)		(621		)		(43		)	6.9	%		(1,334		)		(1,281		)		(53		)	4.1	%
Net interest income, after retailer share arrangements	2,548				2,539				2,474				2,380				2,286				262			11.5	%		5,087				4,501				586			13.0	%
Provision for loan losses	1,021				903				823				702				740				281			38.0	%		1,924				1,427				497			34.8	%
Net interest income, after retailer share arrangements and provision for loan losses	1,527				1,636				1,651				1,678				1,546				(19		)	(1.2	)%		3,163				3,074				89			2.9	%
Other income:
Interchange revenue	151				130				147				135				123				28			22.8	%		281				223				58			26.0	%
Debt cancellation fees	63				64				62				61				61				2			3.3	%		127				126				1			0.8	%
Loyalty programs	(135		)		(110		)		(125		)		(122		)		(94		)		(41		)	43.6	%		(245		)		(172		)		(73		)	42.4	%
Other	4				8				3				10				30				(26		)	(86.7	)%		12				44				(32		)	(72.7	)%
Total other income	83				92				87				84				120				(37		)	(30.8	)%		175				221				(46		)	(20.8	)%
Other expense:
Employee costs	301				280				285				268				250				51			20.4	%		581				489				92			18.8	%
Professional fees	154				146				165				162				156				(2		)	(1.3	)%		300				318				(18		)	(5.7	)%
Marketing and business development	107				94				128				115				108				(1		)	(0.9	)%		201				190				11			5.8	%
Information processing	81				82				83				77				74				7			9.5	%		163				137				26			19.0	%
Other	196				198				209				221				217				(21		)	(9.7	)%		394				417				(23		)	(5.5	)%
Total other expense	839				800				870				843				805				34			4.2	%		1,639				1,551				88			5.7	%
Earnings before provision for income taxes	771				928				868				919				861				(90		)	(10.5	)%		1,699				1,744				(45		)	(2.6	)%
Provision for income taxes	282				346				321				345				320				(38		)	(11.9	)%		628				651				(23		)	(3.5	)%
Net earnings attributable to common shareholders	$	489			$	582			$	547			$	574			$	541			$	(52	)	(9.6	)%		$	1,071			$	1,093			$	(22	)	(2.0	)%

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SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION(1)
(unaudited, $ in millions)
	Quarter Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				Jun 30, 2016 vs. Jun 30, 2015
Assets
Cash and equivalents	$	11,787			$	12,500			$	12,325			$	12,271			$	10,621			$	1,166		11.0	%
Investment securities	2,723				2,949				3,142				3,596				3,682				(959		)	(26.0	)%
Loan receivables:
Unsecuritized loans held for investment	44,854				41,730				42,826				38,325				36,019				8,835			24.5	%
Restricted loans of consolidated securitization entities	23,428				24,119				25,464				25,195				25,412				(1,984		)	(7.8	)%
Total loan receivables	68,282				65,849				68,290				63,520				61,431				6,851			11.2	%
Less: Allowance for loan losses	(3,894		)		(3,620		)		(3,497		)		(3,371		)		(3,302		)		(592		)	17.9	%
Loan receivables, net	64,388				62,229				64,793				60,149				58,129				6,259			10.8	%
Loan receivables held for sale	—				—				—				—				—				—			—	%
Goodwill	949				949				949				949				949				—			—	%
Intangible assets, net	704				702				701				646				575				129			22.4	%
Other assets	1,833				2,327				2,080				1,679				1,640				193			11.8	%
Total assets	$	82,384			$	81,656			$	83,990			$	79,290			$	75,596			$	6,788		9.0	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	46,220			$	44,721			$	43,215			$	40,323			$	37,539			$	8,681		23.1	%
Non-interest-bearing deposit accounts	207				256				152				140				143				64			44.8	%
Total deposits	46,427				44,977				43,367				40,463				37,682				8,745			23.2	%
Borrowings:
Borrowings of consolidated securitization entities	12,236				12,423				13,589				13,624				13,933				(1,697		)	(12.2	)%
Bank term loan	—				1,494				4,133				4,630				5,126				(5,126		)	(100.0	)%
Senior unsecured notes	7,059				6,559				6,557				5,560				4,569				2,490			54.5	%
Related party debt	—				—				—				—				—				—			—	%
Total borrowings	19,295				20,476				24,279				23,814				23,628				(4,333		)	(18.3	)%
Accrued expenses and other liabilities	2,947				2,999				3,740				2,855				2,708				239			8.8	%
Total liabilities	68,669				68,452				71,386				67,132				64,018				4,651			7.3	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,370				9,359				9,351				9,431				9,422				(52		)	(0.6	)%
Retained earnings	4,364				3,875				3,293				2,746				2,172				2,192			100.9	%
Accumulated other comprehensive income:	(20		)		(31		)		(41		)		(20		)		(17		)		(3		)	17.6	%
Total equity	13,715				13,204				12,604				12,158				11,578				2,137			18.5	%
Total liabilities and equity	$	82,384			$	81,656			$	83,990			$	79,290			$	75,596			$	6,788		9.0	%
(1) In January 2016, we adopted ASU 2015-03, Interest–Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires the presentation of deferred issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of the debt liability. Accordingly, we have reclassified issuance costs associated with our borrowings and certain brokered deposits, from other assets, and reflected as a reduction of borrowings and interest-bearing deposit accounts, as applicable, for each period presented to conform to the current period presentation. Related selected financial metrics included within this Financial Data Supplement have also been updated where applicable to reflect this reclassification.

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN(1)
(unaudited, $ in millions)
	Quarter Ended
	Jun 30, 2016											Mar 31, 2016											Dec 31, 2015											Sep 30, 2015											Jun 30, 2015
					Interest				Average							Interest				Average							Interest				Average							Interest				Average							Interest				Average
	Average				Income/				Yield/			Average				Income/				Yield/			Average				Income/				Yield/			Average				Income/				Yield/			Average				Income/				Yield/
	Balance				Expense				Rate			Balance				Expense				Rate			Balance				Expense				Rate			Balance				Expense				Rate			Balance				Expense				Rate
Assets
Interest-earning assets:
Interest-earning cash and equivalents	$	11,692			$	14			0.48	%		$	12,185			$	16			0.53	%		$	12,070			$	9			0.30	%		$	11,059			$	7			0.25	%		$	10,728			$	6			0.22	%
Securities available for sale	2,805				7				1.00	%		2,995				6				0.81	%		3,445				6				0.69	%		3,534				6				0.67	%		3,107				5				0.65	%
Loan receivables:
Credit cards, including held for sale	64,269				3,432				21.48	%		64,194				3,436				21.53	%		62,834				3,432				21.67	%		59,890				3,315				21.96	%		57,588				3,106				21.63	%
Consumer installment loans	1,235				28				9.12	%		1,159				27				9.37	%		1,163				26				8.87	%		1,160				27				9.23	%		1,101				26				9.47	%
Commercial credit products	1,373				33				9.67	%		1,313				35				10.72	%		1,361				36				10.49	%		1,400				36				10.20	%		1,372				34				9.94	%
Other	66				1				NM			39				—				—	%		48				—				—	%		54				1				NM			33				—				—	%
Total loan receivables, including held for sale	66,943				3,494				20.99	%		66,705				3,498				21.09	%		65,406				3,494				21.19	%		62,504				3,379				21.45	%		60,094				3,166				21.13	%
Total interest-earning assets	81,440				3,515				17.36	%		81,885				3,520				17.29	%		80,921				3,509				17.20	%		77,097				3,392				17.46	%		73,929				3,177				17.24	%
Non-interest-earning assets:
Cash and due from banks	774											1,277											1,268											1,216											583
Allowance for loan losses	(3,729		)									(3,583		)									(3,440		)									(3,341		)									(3,285		)
Other assets	3,209											3,256											3,133											2,869											2,758
Total non-interest-earning assets	254											950											961											744											56
Total assets	$	81,694										$	82,835										$	81,882										$	77,841										$	73,985
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	45,490			$	179			1.58	%		$	44,101			$	172			1.57	%		$	42,079			$	165			1.56	%		$	39,048			$	159			1.62	%		$	35,816			$	146			1.64	%
Borrowings of consolidated securitization entities	12,291				59				1.93	%		12,950				58				1.80	%		13,550				56				1.64	%		13,715				54				1.56	%		14,011				53				1.52	%
Bank term loan(2)	374				7				7.53	%		2,565				24				3.76	%		4,507				28				2.46	%		4,878				29				2.36	%		5,374				32				2.39	%
Senior unsecured notes	6,809				58				3.43	%		6,558				57				3.50	%		5,810				52				3.55	%		5,312				47				3.51	%		4,568				39				3.42	%
Related party debt	—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%
Total interest-bearing liabilities	64,964				303				1.88	%		66,174				311				1.89	%		65,946				301				1.81	%		62,953				289				1.82	%		59,769				270				1.81	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	217											226											147											149											166
Other liabilities	3,046											3,534											3,396											2,859											2,750
Total non-interest-bearing liabilities	3,263											3,760											3,543											3,008											2,916
Total liabilities	68,227											69,934											69,489											65,961											62,685
Equity
Total equity	13,467											12,901											12,393											11,880											11,300
Total liabilities and equity	$	81,694										$	82,835										$	81,882										$	77,841										$	73,985
Net interest income					$	3,212										$	3,209										$	3,208										$	3,103										$	2,907
Interest rate spread(3)									15.48	%										15.40	%										15.39	%										15.64	%										15.43	%
Net interest margin(4)									15.86	%										15.76	%										15.73	%										15.97	%										15.77	%
(1) Certain balance sheet amounts and related metrics have been updated to reflect the adoption of ASU 2015-03. More detail on this update is in footnote (1) on the Statements of Financial Position.
(2) Average interest rate on liabilities calculated above utilizes monthly average balances. The effective interest rates for the Bank term loan for the quarters ended June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015, and June 30, 2015 were 2.51%, 2.47%, 2.26%, 2.23%, and 2.21%, respectively. The Bank term loan effective rate excludes the impact of charges incurred in connection with prepayments of the loan.
(3) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(4) Net interest margin represents net interest income divided by average interest-earning assets.

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN(1)
(unaudited, $ in millions)
	Six Months Ended Jun 30, 2016											Six Months Ended Jun 30, 2015
					Interest				Average							Interest				Average
	Average				Income/				Yield/			Average				Income/				Yield/
	Balance				Expense				Rate			Balance				Expense				Rate
Assets
Interest-earning assets:
Interest-earning cash and equivalents	$	11,874			$	30			0.51	%		$	11,006			$	12			0.22	%
Securities available for sale	2,893				13				0.90	%		2,887				9				0.63	%
Loan receivables:
Credit cards, including held for sale	64,363				6,868				21.46	%		57,670				6,185				21.63	%
Consumer installment loans	1,199				55				9.22	%		1,081				51				9.51	%
Commercial credit products	1,346				68				10.16	%		1,345				70				10.50	%
Other	55				1				NM			28				—				—	%
Total loan receivables, including held for sale	66,963				6,992				21.00	%		60,124				6,306				21.15	%
Total interest-earning assets	81,730				7,035				17.31	%		74,017				6,327				17.24	%
Non-interest-earning assets:
Cash and due from banks	1,036											578
Allowance for loan losses	(3,661		)									(3,282		)
Other assets	3,246											2,710
Total non-interest-earning assets	621											6
Total assets	$	82,351										$	74,023
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	44,807			$	351			1.58	%		$	35,445			$	283			1.61	%
Borrowings of consolidated securitization entities	12,648				117				1.86	%		14,085				105				1.50	%
Bank term loan(2)	1,466				31				4.25	%		5,981				79				2.66	%
Senior unsecured notes	6,701				115				3.45	%		4,284				74				3.48	%
Related party debt	—				—				—	%		232				4				3.48	%
Total interest-bearing liabilities	65,622				614				1.88	%		60,027				545				1.83	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	217											153
Other liabilities	3,331											2,820
Total non-interest-bearing liabilities	3,548											2,973
Total liabilities	69,170											63,000
Equity
Total equity	13,181											11,023
Total liabilities and equity	$	82,351										$	74,023
Net interest income					$	6,421										$	5,782
Interest rate spread(3)									15.43	%										15.41	%
Net interest margin(4)									15.80	%										15.75	%
(1) Certain balance sheet amounts and related metrics have been updated to reflect the adoption of ASU 2015-03. More detail on this update is in footnote (1) on the Statements of Financial Position.
(2) Average interest rate on liabilities calculated above utilizes monthly average balances. The effective interest rates for the Bank term loan for the 6 months ended June 30, 2016 and June 30, 2015 were 2.48% and 2.21%, respectively. The Bank term loan effective rate excludes the impact of charges incurred in connection with prepayments of the loan.
(3) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(4) Net interest margin represents net interest income divided by average interest-earning assets.

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SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS(1)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				Jun 30, 2016 vs. Jun 30, 2015
BALANCE SHEET STATISTICS
Total common equity	$	13,715			$	13,204			$	12,604			$	12,158			$	11,578			$	2,137		18.5	%
Total common equity as a % of total assets	16.65		%		16.17		%		15.01		%		15.33		%		15.32		%					1.33	%
Tangible assets	$	80,731			$	80,005			$	82,340			$	77,695			$	74,072			$	6,659		9.0	%
Tangible common equity(2)	$	12,062			$	11,553			$	10,954			$	10,563			$	10,054			$	2,008		20.0	%
Tangible common equity as a % of tangible assets(2)	14.94		%		14.44		%		13.30		%		13.60		%		13.57		%					1.37	%
Tangible common equity per share(2)	$	14.46			$	13.86			$	13.14			$	12.67			$	12.06			$	2.40		19.9	%
REGULATORY CAPITAL RATIOS(3)
	Basel III Transition
Total risk-based capital ratio(4)	19.8		%		19.4		%		18.1		%		18.8		%		18.6		%
Tier 1 risk-based capital ratio(5)	18.5		%		18.1		%		16.8		%		17.5		%		17.3		%
Tier 1 leverage ratio(6)	15.6		%		14.8		%		14.4		%		14.6		%		14.6		%
Common equity Tier 1 capital ratio(7)	18.5		%		18.1		%		16.8		%		17.5		%		17.3		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio(7)	18.0		%		17.5		%		15.9		%		16.7		%		16.5		%
(1) Certain balance sheet amounts and related metrics have been updated to reflect the adoption of ASU 2015-03. More detail on this update is in footnote (1) on the Statements of Financial Position.
(2) 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.
(3) Regulatory capital metrics at June 30, 2016 are preliminary and therefore subject to change. As a new savings and loan holding company, the Company historically has not been required by regulators to disclose capital ratios prior to December 31, 2015, and therefore these ratios are non-GAAP measures. See Reconciliation of Non-GAAP Measures and Calculation of Regulatory Measures for components of capital ratio calculations.
(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) Common equity Tier 1 capital ratio is the ratio of common equity Tier 1 capital to total risk-weighted assets, each as calculated under Basel III rules. Common equity Tier 1 capital ratio (fully phased-in) is a preliminary estimate reflecting management’s interpretation of the final Basel III rules adopted in July 2013 by the Federal Reserve Board, which have not been fully implemented, and our estimate and interpretations are subject to, among other things, ongoing regulatory review and implementation guidance.

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SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
	Quarter Ended																										Six Months Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015				2Q'16 vs. 2Q'15						Jun 30, 2016				Jun 30, 2015				YTD'16 vs. YTD'15
RETAIL CARD
Purchase volume(1)(2)	$	25,411			$	21,550			$	26,768			$	23,560			$	23,452			$	1,959		8.4	%		$	46,961			$	41,862			$	5,099		12.2	%
Period-end loan receivables	$	46,705			$	45,113			$	47,412			$	43,432			$	42,315			$	4,390		10.4	%		$	46,705			$	42,315			$	4,390		10.4	%
Average loan receivables, including held for sale	$	45,861			$	45,900			$	44,958			$	42,933			$	41,303			$	4,558		11.0	%		$	45,990			$	41,302			$	4,688		11.4	%
Average active accounts (in thousands)(2)(3)	52,314				52,969				52,038				49,953				48,981				3,333			6.8	%		52,798				49,513				3,285			6.6	%
Interest and fees on loans(2)	$	2,585			$	2,614			$	2,594			$	2,508			$	2,335			$	250		10.7	%		$	5,199			$	4,672			$	527		11.3	%
Other income(2)	$	69			$	79			$	76			$	70			$	107			$	(38	)	(35.5	)%		$	148			$	193			$	(45	)	(23.3	)%
Retailer share arrangements(2)	$	(656	)		$	(661	)		$	(723	)		$	(708	)		$	(606	)		$	(50	)	8.3	%		$	(1,317	)		$	(1,257	)		$	(60	)	4.8	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	3,903			$	3,392			$	3,714			$	3,635			$	3,371			$	532		15.8	%		$	7,295			$	6,319			$	976		15.4	%
Period-end loan receivables	$	13,997			$	13,420			$	13,543			$	12,933			$	12,194			$	1,803		14.8	%		$	13,997			$	12,194			$	1,803		14.8	%
Average loan receivables	$	13,644			$	13,482			$	13,192			$	12,523			$	11,971			$	1,673		14.0	%		$	13,584			$	11,990			$	1,594		13.3	%
Average active accounts (in thousands)(3)	8,153				8,134				7,896				7,468				7,231				922			12.8	%		8,148				7,251				897			12.4	%
Interest and fees on loans	$	467			$	457			$	462			$	442			$	412			$	55		13.3	%		$	924			$	815			$	109		13.4	%
Other income	$	3			$	4			$	3			$	5			$	4			$	(1	)	(25.0	)%		$	7			$	9			$	(2	)	(22.2	)%
Retailer share arrangements	$	(7	)		$	(7	)		$	(10	)		$	(13	)		$	(14	)		$	7		(50.0	)%		$	(14	)		$	(22	)		$	8		(36.4	)%
CARECREDIT
Purchase volume(1)	$	2,193			$	2,035			$	1,978			$	2,011			$	1,987			$	206		10.4	%		$	4,228			$	3,768			$	460		12.2	%
Period-end loan receivables	$	7,580			$	7,316			$	7,335			$	7,155			$	6,922			$	658		9.5	%		$	7,580			$	6,922			$	658		9.5	%
Average loan receivables	$	7,438			$	7,323			$	7,256			$	7,048			$	6,820			$	618		9.1	%		$	7,389			$	6,832			$	557		8.2	%
Average active accounts (in thousands)(3)	5,064				5,031				4,958				4,826				4,711				353			7.5	%		5,050				4,714				336			7.1	%
Interest and fees on loans	$	442			$	427			$	438			$	429			$	419			$	23		5.5	%		$	869			$	819			$	50		6.1	%
Other income	$	11			$	9			$	8			$	9			$	9			$	2		22.2	%		$	20			$	19			$	1		5.3	%
Retailer share arrangements	$	(1	)		$	(2	)		$	(1	)		$	(2	)		$	(1	)		$	—		—	%		$	(3	)		$	(2	)		$	(1	)	50.0	%
TOTAL SYF
Purchase volume(1)(2)	$	31,507			$	26,977			$	32,460			$	29,206			$	28,810			$	2,697		9.4	%		$	58,484			$	51,949			$	6,535		12.6	%
Period-end loan receivables	$	68,282			$	65,849			$	68,290			$	63,520			$	61,431			$	6,851		11.2	%		$	68,282			$	61,431			$	6,851		11.2	%
Average loan receivables, including held for sale	$	66,943			$	66,705			$	65,406			$	62,504			$	60,094			$	6,849		11.4	%		$	66,963			$	60,124			$	6,839		11.4	%
Average active accounts (in thousands)(2)(3)	65,531				66,134				64,892				62,247				60,923				4,608			7.6	%		65,996				61,478				4,518			7.3	%
Interest and fees on loans(2)	$	3,494			$	3,498			$	3,494			$	3,379			$	3,166			$	328		10.4	%		$	6,992			$	6,306			$	686		10.9	%
Other income(2)	$	83			$	92			$	87			$	84			$	120			$	(37	)	(30.8	)%		$	175			$	221			$	(46	)	(20.8	)%
Retailer share arrangements(2)	$	(664	)		$	(670	)		$	(734	)		$	(723	)		$	(621	)		$	(43	)	6.9	%		$	(1,334	)		$	(1,281	)		$	(53	)	4.1	%
(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.

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SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES AND CALCULATIONS OF REGULATORY MEASURES(1)(2)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Jun 30, 2015
COMMON EQUITY MEASURES
GAAP Total common equity	$	13,715			$	13,204			$	12,604			$	12,158			$	11,578
Less: Goodwill	(949		)		(949		)		(949		)		(949		)		(949		)
Less: Intangible assets, net	(704		)		(702		)		(701		)		(646		)		(575		)
Tangible common equity	$	12,062			$	11,553			$	10,954			$	10,563			$	10,054
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	282				281				280				291				293
Basel III - Common equity Tier 1 (fully phased-in)	$	12,344			$	11,834			$	11,234			$	10,854			$	10,347
Adjustment related to capital components during transition	266				265				399				375				331
Basel III - Common equity Tier I (transition)	$	12,610			$	12,099			$	11,633			$	11,229			10,678
RISK-BASED CAPITAL
Common equity Tier 1	$	12,610			$	12,099			$	11,633			$	11,229			$	10,678
Add: Allowance for loan losses includible in risk-based capital	890				869				898				833				804
Risk-based capital	$	13,500			$	12,968			$	12,531			$	12,062			$	11,482
ASSET MEASURES
Total average assets	$	81,694			$	82,835			$	81,882			$	77,841			$	73,985
Adjustments for:
Disallowed goodwill and other disallowed intangible assets, net of related deferred tax liabilities	(1,113		)		(1,117		)		(991		)		(931		)		(903		)
Other	—				—				—				104				60
Total assets for leverage purposes	$	80,581			$	81,718			$	80,891			$	77,014			$	73,142
Risk-weighted assets - Basel III (fully phased-in)(3)	$	68,462			$	67,697			$	70,493			$	65,125			$	62,814
Risk-weighted assets - Basel III (transition)(3)	$	68,188			$	66,689			$	69,224			64,090				61,829
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	16.45			$	15.84			$	15.12			$	14.58			$	13.89
Less: Goodwill	(1.14		)		(1.14		)		(1.14		)		(1.14		)		(1.14		)
Less: Intangible assets, net	(0.85		)		(0.84		)		(0.84		)		(0.77		)		(0.69		)
Tangible common equity per share	$	14.46			$	13.86			$	13.14			$	12.67			$	12.06
(1) Certain balance sheet amounts and related metrics have been updated to reflect the adoption of ASU 2015-03. More detail on this update is in footnote (1) on the Statements of Financial Position.
(2) Regulatory measures at June 30, 2016 are presented on an estimated basis.
(3) Key differences between Basel III transitional rules and fully phased-in Basel III rules in the calculation of risk-weighted assets include, but not limited to, risk weighting of deferred tax assets and adjustments for certain intangible assets.

9