Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Nine Months Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				3Q'16 vs. 3Q'15						Sep 30, 2016				Sep 30, 2015				YTD'16 vs. YTD'15
EARNINGS
Net interest income	$	3,481			$	3,212			$	3,209			$	3,208			$	3,103			$	378		12.2	%		$	9,902			$	8,885			$	1,017		11.4	%
Retailer share arrangements	(757		)		(664		)		(670		)		(734		)		(723		)		(34		)	4.7	%		(2,091		)		(2,004		)		(87		)	4.3	%
Net interest income, after retailer share arrangements	2,724				2,548				2,539				2,474				2,380				344			14.5	%		7,811				6,881				930			13.5	%
Provision for loan losses	986				1,021				903				823				702				284			40.5	%		2,910				2,129				781			36.7	%
Net interest income, after retailer share arrangements and provision for loan losses	1,738				1,527				1,636				1,651				1,678				60			3.6	%		4,901				4,752				149			3.1	%
Other income	84				83				92				87				84				—			—	%		259				305				(46		)	(15.1	)%
Other expense	859				839				800				870				843				16			1.9	%		2,498				2,394				104			4.3	%
Earnings before provision for income taxes	963				771				928				868				919				44			4.8	%		2,662				2,663				(1		)	0.0	%
Provision for income taxes	359				282				346				321				345				14			4.1	%		987				996				(9		)	(0.9	)%
Net earnings	$	604			$	489			$	582			$	547			$	574			$	30		5.2	%		$	1,675			$	1,667			$	8		0.5	%
Net earnings attributable to common stockholders	$	604			$	489			$	582			$	547			$	574			$	30		5.2	%		$	1,675			$	1,667			$	8		0.5	%
COMMON SHARE STATISTICS
Basic EPS	$	0.73			$	0.59			$	0.70			$	0.66			$	0.69			$	0.04		5.8	%		$	2.01			$	2.00			$	0.01		0.5	%
Diluted EPS	$	0.73			$	0.58			$	0.70			$	0.65			$	0.69			$	0.04		5.8	%		$	2.01			$	2.00			$	0.01		0.5	%
Dividend declared per share	$	0.13			$	—			$	—			$	—			$	—			$	0.13		NM			$	0.13			$	—			$	0.13		NM
Common stock price	$	28.00			$	25.28			$	28.66			$	30.41			$	31.30			$	(3.30	)	(10.5	)%		$	28.00			$	31.30			$	(3.30	)	(10.5	)%
Book value per share	$	16.94			$	16.45			$	15.84			$	15.12			$	14.58			$	2.36		16.2	%		$	16.94			$	14.58			$	2.36		16.2	%
Tangible common equity per share(1)	$	14.90			$	14.46			$	13.86			$	13.14			$	12.67			$	2.23		17.6	%		$	14.90			$	12.67			$	2.23		17.6	%
Beginning common shares outstanding	833.9				833.8				833.8				833.8				833.8				0.1			0.0	%		833.8				833.8				—			—	%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	0.1				0.1				—				—				—				0.1			NM			0.2				—				0.2			NM
Shares repurchased	(8.5		)		—				—				—				—				(8.5		)	NM			(8.5		)		—				(8.5		)	NM
Ending common shares outstanding	825.5				833.9				833.8				833.8				833.8				(8.3		)	(1.0	)%		825.5				833.8				(8.3		)	(1.0	)%
Weighted average common shares outstanding	828.4				833.9				833.8				833.8				833.8				(5.4		)	(0.6	)%		832.1				833.8				(1.7		)	(0.2	)%
Weighted average common shares outstanding (fully diluted)	830.6				836.2				835.5				835.8				835.8				(5.2		)	(0.6	)%		834.1				835.4				(1.3		)	(0.2	)%
(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																										Nine Months Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				3Q'16 vs. 3Q'15						Sep 30, 2016				Sep 30, 2015				YTD'16 vs. YTD'15
PERFORMANCE METRICS
Return on assets(2)	2.8		%		2.4		%		2.8		%		2.7		%		2.9		%					(0.1	)%		2.7		%		3.0		%					(0.3	)%
Return on equity(3)	17.4		%		14.6		%		18.1		%		17.5		%		19.2		%					(1.8	)%		16.7		%		19.7		%					(3.0	)%
Return on tangible common equity(4)	19.8		%		16.6		%		20.8		%		20.1		%		22.0		%					(2.2	)%		19.1		%		22.7		%					(3.6	)%
Net interest margin(5)	16.27		%		15.86		%		15.76		%		15.73		%		15.97		%					0.30	%		15.94		%		15.81		%					0.13	%
Efficiency ratio(6)	30.6		%		31.9		%		30.4		%		34.0		%		34.2		%					(3.6	)%		31.0		%		33.3		%					(2.3	)%
Other expense as a % of average loan receivables, including held for sale	4.92		%		5.04		%		4.82		%		5.28		%		5.35		%					(0.43	)%		4.92		%		5.25		%					(0.33	)%
Effective income tax rate	37.3		%		36.6		%		37.3		%		37.0		%		37.5		%					(0.2	)%		37.1		%		37.4		%					(0.3	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	4.38		%		4.49		%		4.70		%		4.23		%		4.02		%					0.36	%		4.51		%		4.37		%					0.14	%
30+ days past due as a % of period-end loan receivables(7)	4.26		%		3.79		%		3.85		%		4.06		%		4.02		%					0.24	%		4.26		%		4.02		%					0.24	%
90+ days past due as a % of period-end loan receivables(7)	1.89		%		1.67		%		1.84		%		1.86		%		1.73		%					0.16	%		1.89		%		1.73		%					0.16	%
Net charge-offs	$	765			$	747			$	780			$	697			$	633			$	132		20.9	%		$	2,292			$	1,994			$	298		14.9	%
Loan receivables delinquent over 30 days(7)	$	3,008			$	2,585			$	2,538			$	2,772			$	2,553			$	455		17.8	%		$	3,008			$	2,553			$	455		17.8	%
Loan receivables delinquent over 90 days(7)	$	1,334			$	1,143			$	1,212			$	1,273			$	1,102			$	232		21.1	%		$	1,334			$	1,102			$	232		21.1	%
Allowance for loan losses (period-end)	$	4,115			$	3,894			$	3,620			$	3,497			$	3,371			$	744		22.1	%		$	4,115			$	3,371			$	744		22.1	%
Allowance coverage ratio(8)	5.82		%		5.70		%		5.50		%		5.12		%		5.31		%					0.51	%		5.82		%		5.31		%					0.51	%
BUSINESS METRICS
Purchase volume(9)	$	31,615			$	31,507			$	26,977			$	32,460			$	29,206			$	2,409		8.2	%		$	90,099			$	81,155			$	8,944		11.0	%
Period-end loan receivables	$	70,644			$	68,282			$	65,849			$	68,290			$	63,520			$	7,124		11.2	%		$	70,644			$	63,520			$	7,124		11.2	%
Credit cards	$	67,858			$	65,511			$	63,309			$	65,773			$	60,920			$	6,938		11.4	%		$	67,858			$	60,920			$	6,938		11.4	%
Consumer installment loans	$	1,361			$	1,293			$	1,184			$	1,154			$	1,171			$	190		16.2	%		$	1,361			$	1,171			$	190		16.2	%
Commercial credit products	$	1,385			$	1,389			$	1,318			$	1,323			$	1,380			$	5		0.4	%		$	1,385			$	1,380			$	5		0.4	%
Other	$	40			$	89			$	38			$	40			$	49			$	(9	)	(18.4	)%		$	40			$	49			$	(9	)	(18.4	)%
Average loan receivables, including held for sale	$	69,525			$	66,943			$	66,705			$	65,406			$	62,504			$	7,021		11.2	%		$	67,856			$	60,946			$	6,910		11.3	%
Period-end active accounts (in thousands)(10)	66,781				66,491				64,689				68,314				62,831				3,950			6.3	%		66,781				62,831				3,950			6.3	%
Average active accounts (in thousands)(10)	66,639				65,531				66,134				64,892				62,247				4,392			7.1	%		66,204				61,762				4,442			7.2	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	13,588			$	11,787			$	12,500			$	12,325			$	12,271			$	1,317		10.7	%		$	13,588			$	12,271			$	1,317		10.7	%
Total liquid assets	$	16,362			$	13,956			$	14,915			$	14,836			$	15,305			$	1,057		6.9	%		$	16,362			$	15,305			$	1,057		6.9	%
Undrawn facilities
Undrawn facilities	$	7,150			$	7,025			$	7,325			$	6,075			$	6,550			$	600		9.2	%		$	7,150			$	6,550			$	600		9.2	%
Total liquid assets and undrawn facilities	$	23,512			$	20,981			$	22,240			$	20,911			$	21,855			$	1,657		7.6	%		$	23,512			$	21,855			$	1,657		7.6	%
Liquid assets % of total assets	18.77		%		16.94		%		18.27		%		17.66		%		19.30		%					(0.53	)%		18.77		%		19.30		%					(0.53	)%
Liquid assets including undrawn facilities % of total assets	26.98		%		25.47		%		27.24		%		24.90		%		27.56		%					(0.58	)%		26.98		%		27.56		%					(0.58	)%
(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																										Nine Months Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				3Q'16 vs. 3Q'15						Sep 30, 2016				Sep 30, 2015				YTD'16 vs. YTD'15
Interest income:
Interest and fees on loans	$	3,771			$	3,494			$	3,498			$	3,494			$	3,379			$	392		11.6	%		$	10,763			$	9,685			$	1,078		11.1	%
Interest on investment securities	25				21				22				15				13				12			92.3	%		68				34				34			100.0	%
Total interest income	3,796				3,515				3,520				3,509				3,392				404			11.9	%		10,831				9,719				1,112			11.4	%
Interest expense:
Interest on deposits	188				179				172				165				159				29			18.2	%		539				442				97			21.9	%
Interest on borrowings of consolidated securitization entities	63				59				58				56				54				9			16.7	%		180				159				21			13.2	%
Interest on third-party debt	64				65				81				80				76				(12		)	(15.8	)%		210				229				(19		)	(8.3	)%
Interest on related party debt	—				—				—				—				—				—			—	%		—				4				(4		)	(100.0	)%
Total interest expense	315				303				311				301				289				26			9.0	%		929				834				95			11.4	%
Net interest income	3,481				3,212				3,209				3,208				3,103				378			12.2	%		9,902				8,885				1,017			11.4	%
Retailer share arrangements	(757		)		(664		)		(670		)		(734		)		(723		)		(34		)	4.7	%		(2,091		)		(2,004		)		(87		)	4.3	%
Net interest income, after retailer share arrangements	2,724				2,548				2,539				2,474				2,380				344			14.5	%		7,811				6,881				930			13.5	%
Provision for loan losses	986				1,021				903				823				702				284			40.5	%		2,910				2,129				781			36.7	%
Net interest income, after retailer share arrangements and provision for loan losses	1,738				1,527				1,636				1,651				1,678				60			3.6	%		4,901				4,752				149			3.1	%
Other income:
Interchange revenue	154				151				130				147				135				19			14.1	%		435				358				77			21.5	%
Debt cancellation fees	67				63				64				62				61				6			9.8	%		194				187				7			3.7	%
Loyalty programs	(145		)		(135		)		(110		)		(125		)		(122		)		(23		)	18.9	%		(390		)		(294		)		(96		)	32.7	%
Other	8				4				8				3				10				(2		)	(20.0	)%		20				54				(34		)	(63.0	)%
Total other income	84				83				92				87				84				—			—	%		259				305				(46		)	(15.1	)%
Other expense:
Employee costs	311				301				280				285				268				43			16.0	%		892				757				135			17.8	%
Professional fees	174				154				146				165				162				12			7.4	%		474				480				(6		)	(1.3	)%
Marketing and business development	92				107				94				128				115				(23		)	(20.0	)%		293				305				(12		)	(3.9	)%
Information processing	87				81				82				83				77				10			13.0	%		250				214				36			16.8	%
Other	195				196				198				209				221				(26		)	(11.8	)%		589				638				(49		)	(7.7	)%
Total other expense	859				839				800				870				843				16			1.9	%		2,498				2,394				104			4.3	%
Earnings before provision for income taxes	963				771				928				868				919				44			4.8	%		2,662				2,663				(1		)	0.0	%
Provision for income taxes	359				282				346				321				345				14			4.1	%		987				996				(9		)	(0.9	)%
Net earnings attributable to common stockholders	$	604			$	489			$	582			$	547			$	574			$	30		5.2	%		$	1,675			$	1,667			$	8		0.5	%

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SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION(1)
(unaudited, $ in millions)
	Quarter Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Sep 30, 2016 vs. Sep 30, 2015
Assets
Cash and equivalents	$	13,588			$	11,787			$	12,500			$	12,325			$	12,271			$	1,317		10.7	%
Investment securities	3,356				2,723				2,949				3,142				3,596				(240		)	(6.7	)%
Loan receivables:
Unsecuritized loans held for investment	47,517				44,854				41,730				42,826				38,325				9,192			24.0	%
Restricted loans of consolidated securitization entities	23,127				23,428				24,119				25,464				25,195				(2,068		)	(8.2	)%
Total loan receivables	70,644				68,282				65,849				68,290				63,520				7,124			11.2	%
Less: Allowance for loan losses	(4,115		)		(3,894		)		(3,620		)		(3,497		)		(3,371		)		(744		)	22.1	%
Loan receivables, net	66,529				64,388				62,229				64,793				60,149				6,380			10.6	%
Goodwill	949				949				949				949				949				—			—	%
Intangible assets, net	733				704				702				701				646				87			13.5	%
Other assets	2,004				1,833				2,327				2,080				1,679				325			19.4	%
Total assets	$	87,159			$	82,384			$	81,656			$	83,990			$	79,290			$	7,869		9.9	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	49,611			$	46,220			$	44,721			$	43,215			$	40,323			$	9,288		23.0	%
Non-interest-bearing deposit accounts	204				207				256				152				140				64			45.7	%
Total deposits	49,815				46,427				44,977				43,367				40,463				9,352			23.1	%
Borrowings:
Borrowings of consolidated securitization entities	12,411				12,236				12,423				13,589				13,624				(1,213		)	(8.9	)%
Bank term loan	—				—				1,494				4,133				4,630				(4,630		)	(100.0	)%
Senior unsecured notes	7,756				7,059				6,559				6,557				5,560				2,196			39.5	%
Related party debt	—				—				—				—				—				—			—	%
Total borrowings	20,167				19,295				20,476				24,279				23,814				(3,647		)	(15.3	)%
Accrued expenses and other liabilities	3,196				2,947				2,999				3,740				2,855				341			11.9	%
Total liabilities	73,178				68,669				68,452				71,386				67,132				6,046			9.0	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,381				9,370				9,359				9,351				9,431				(50		)	(0.5	)%
Retained earnings	4,861				4,364				3,875				3,293				2,746				2,115			77.0	%
Accumulated other comprehensive income:	(24		)		(20		)		(31		)		(41		)		(20		)		(4		)	20.0	%
Treasury Stock	(238		)		—				—				—				—				(238		)	NM
Total equity	13,981				13,715				13,204				12,604				12,158				1,823			15.0	%
Total liabilities and equity	$	87,159			$	82,384			$	81,656			$	83,990			$	79,290			$	7,869		9.9	%
(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
	September 30, 2016											June 30, 2016											March 31, 2016											December 31, 2015											September 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	$	12,574			$	16			0.51	%		$	11,692			$	14			0.48	%		$	12,185			$	16			0.53	%		$	12,070			$	9			0.30	%		$	11,059			$	7			0.25	%
Securities available for sale	3,018				9				1.19	%		2,805				7				1.00	%		2,995				6				0.81	%		3,445				6				0.69	%		3,534				6				0.67	%
Loan receivables:
Credit cards, including held for sale	66,746				3,705				22.08	%		64,269				3,432				21.48	%		64,194				3,436				21.53	%		62,834				3,432				21.67	%		59,890				3,315				21.96	%
Consumer installment loans	1,331				31				9.27	%		1,235				28				9.12	%		1,159				27				9.37	%		1,163				26				8.87	%		1,160				27				9.23	%
Commercial credit products	1,390				35				10.02	%		1,373				33				9.67	%		1,313				35				10.72	%		1,361				36				10.49	%		1,400				36				10.20	%
Other	58				—				—	%		66				1				NM			39				—				—	%		48				—				—	%		54				1				NM
Total loan receivables, including held for sale	69,525				3,771				21.58	%		66,943				3,494				20.99	%		66,705				3,498				21.09	%		65,406				3,494				21.19	%		62,504				3,379				21.45	%
Total interest-earning assets	85,117				3,796				17.74	%		81,440				3,515				17.36	%		81,885				3,520				17.29	%		80,921				3,509				17.20	%		77,097				3,392				17.46	%
Non-interest-earning assets:
Cash and due from banks	641											774											1,277											1,268											1,216
Allowance for loan losses	(3,977		)									(3,729		)									(3,583		)									(3,440		)									(3,341		)
Other assets	3,240											3,209											3,256											3,133											2,869
Total non-interest-earning assets	(96		)									254											950											961											744
Total assets	$	85,021										$	81,694										$	82,835										$	81,882										$	77,841
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	47,926			$	188			1.56	%		$	45,490			$	179			1.58	%		$	44,101			$	172			1.57	%		$	42,079			$	165			1.56	%		$	39,048			$	159			1.62	%
Borrowings of consolidated securitization entities	12,369				63				2.03	%		12,291				59				1.93	%		12,950				58				1.80	%		13,550				56				1.64	%		13,715				54				1.56	%
Bank term loan(2)	—				—				—	%		374				7				7.53	%		2,565				24				3.76	%		4,507				28				2.46	%		4,878				29				2.36	%
Senior unsecured notes	7,408				64				3.44	%		6,809				58				3.43	%		6,558				57				3.50	%		5,810				52				3.55	%		5,312				47				3.51	%
Related party debt	—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%
Total interest-bearing liabilities	67,703				315				1.85	%		64,964				303				1.88	%		66,174				311				1.89	%		65,946				301				1.81	%		62,953				289				1.82	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	203											217											226											147											149
Other liabilities	3,314											3,046											3,534											3,396											2,859
Total non-interest-bearing liabilities	3,517											3,263											3,760											3,543											3,008
Total liabilities	71,220											68,227											69,934											69,489											65,961
Equity
Total equity	13,801											13,467											12,901											12,393											11,880
Total liabilities and equity	$	85,021										$	81,694										$	82,835										$	81,882										$	77,841
Net interest income					$	3,481										$	3,212										$	3,209										$	3,208										$	3,103
Interest rate spread(3)									15.89	%										15.48	%										15.40	%										15.39	%										15.64	%
Net interest margin(4)									16.27	%										15.86	%										15.76	%										15.73	%										15.97	%
(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, and September 30, 2015 were 2.51%, 2.47%, 2.26%, and 2.23%, 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.

5

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN(1)
(unaudited, $ in millions)
	Nine Months Ended September 30, 2016											Nine Months Ended September 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	$	12,172			$	46			0.50	%		$	11,144			$	19			0.23	%
Securities available for sale	2,960				22				0.99	%		3,066				15				0.65	%
Loan receivables:
Credit cards, including held for sale	65,201				10,573				21.66	%		58,442				9,500				21.73	%
Consumer installment loans	1,242				86				9.25	%		1,107				78				9.42	%
Commercial credit products	1,360				103				10.12	%		1,361				106				10.41	%
Other	53				1				NM			36				1				NM
Total loan receivables, including held for sale	67,856				10,763				21.19	%		60,946				9,685				21.25	%
Total interest-earning assets	82,988				10,831				17.43	%		75,156				9,719				17.29	%
Non-interest-earning assets:
Cash and due from banks	942											782
Allowance for loan losses	(3,764		)									(3,304		)
Other assets	3,250											2,759
Total non-interest-earning assets	428											237
Total assets	$	83,416										$	75,393
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	45,913			$	539			1.57	%		$	36,677			$	442			1.61	%
Borrowings of consolidated securitization entities	12,578				180				1.91	%		13,952				159				1.52	%
Bank term loan(2)	1,026				31				4.04	%		5,625				108				2.57	%
Senior unsecured notes	6,948				179				3.44	%		4,667				121				3.47	%
Related party debt	—				—				—	%		163				4				3.28	%
Total interest-bearing liabilities	66,465				929				1.87	%		61,084				834				1.83	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	212											153
Other liabilities	3,363											2,846
Total non-interest-bearing liabilities	3,575											2,999
Total liabilities	70,040											64,083
Equity
Total equity	13,376											11,310
Total liabilities and equity	$	83,416										$	75,393
Net interest income					$	9,902										$	8,885
Interest rate spread(3)									15.56	%										15.46	%
Net interest margin(4)									15.94	%										15.81	%
(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 9 months ended September 30, 2016 and September 30, 2015 were 2.48% and 2.22%, 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.

6

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SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS(1)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				Sep 30, 2016 vs. Sep 30, 2015
BALANCE SHEET STATISTICS
Total common equity	$	13,981			$	13,715			$	13,204			$	12,604			$	12,158			$	1,823		15.0	%
Total common equity as a % of total assets	16.04		%		16.65		%		16.17		%		15.01		%		15.33		%					0.71	%
Tangible assets	$	85,477			$	80,731			$	80,005			$	82,340			$	77,695			$	7,782		10.0	%
Tangible common equity(2)	$	12,299			$	12,062			$	11,553			$	10,954			$	10,563			$	1,736		16.4	%
Tangible common equity as a % of tangible assets(2)	14.39		%		14.94		%		14.44		%		13.30		%		13.60		%					0.79	%
Tangible common equity per share(2)	$	14.90			$	14.46			$	13.86			$	13.14			$	12.67			$	2.23		17.6	%
REGULATORY CAPITAL RATIOS(3)
	Basel III Transition
Total risk-based capital ratio(4)	19.5		%		19.8		%		19.4		%		18.1		%		18.8		%
Tier 1 risk-based capital ratio(5)	18.2		%		18.5		%		18.1		%		16.8		%		17.5		%
Tier 1 leverage ratio(6)	15.3		%		15.6		%		14.8		%		14.4		%		14.6		%
Common equity Tier 1 capital ratio(7)	18.2		%		18.5		%		18.1		%		16.8		%		17.5		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio(7)	17.9		%		18.0		%		17.5		%		15.9		%		16.7		%
(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 September 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.

7

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SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
	Quarter Ended																										Nine Months Ended
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015				3Q'16 vs. 3Q'15						Sep 30, 2016				Sep 30, 2015				YTD'16 vs. YTD'15
RETAIL CARD
Purchase volume(1)(2)	$	25,285			$	25,411			$	21,550			$	26,768			$	23,560			$	1,725		7.3	%		$	72,246			$	65,422			$	6,824		10.4	%
Period-end loan receivables	$	48,010			$	46,705			$	45,113			$	47,412			$	43,432			$	4,578		10.5	%		$	48,010			$	43,432			$	4,578		10.5	%
Average loan receivables, including held for sale	$	47,420			$	45,861			$	45,900			$	44,958			$	42,933			$	4,487		10.5	%		$	46,491			$	41,853			$	4,638		11.1	%
Average active accounts (in thousands)(2)(3)	52,959				52,314				52,969				52,038				49,953				3,006			6.0	%		52,834				49,671				3,163			6.4	%
Interest and fees on loans(2)	$	2,790			$	2,585			$	2,614			$	2,594			$	2,508			$	282		11.2	%		$	7,989			$	7,180			$	809		11.3	%
Other income(2)	$	70			$	69			$	79			$	76			$	70			$	—		—	%		$	218			$	263			$	(45	)	(17.1	)%
Retailer share arrangements(2)	$	(752	)		$	(656	)		$	(661	)		$	(723	)		$	(708	)		$	(44	)	6.2	%		$	(2,069	)		$	(1,965	)		$	(104	)	5.3	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	4,152			$	3,903			$	3,392			$	3,714			$	3,635			$	517		14.2	%		$	11,447			$	9,954			$	1,493		15.0	%
Period-end loan receivables	$	14,798			$	13,997			$	13,420			$	13,543			$	12,933			$	1,865		14.4	%		$	14,798			$	12,933			$	1,865		14.4	%
Average loan receivables	$	14,391			$	13,644			$	13,482			$	13,192			$	12,523			$	1,868		14.9	%		$	13,865			$	12,183			$	1,682		13.8	%
Average active accounts (in thousands)(3)	8,461				8,153				8,134				7,896				7,468				993			13.3	%		8,261				7,335				926			12.6	%
Interest and fees on loans	$	505			$	467			$	457			$	462			$	442			$	63		14.3	%		$	1,429			$	1,257			$	172		13.7	%
Other income	$	3			$	3			$	4			$	3			$	5			$	(2	)	(40.0	)%		$	10			$	14			$	(4	)	(28.6	)%
Retailer share arrangements	$	(3	)		$	(7	)		$	(7	)		$	(10	)		$	(13	)		$	10		(76.9	)%		$	(17	)		$	(35	)		$	18		(51.4	)%
CARECREDIT
Purchase volume(1)	$	2,178			$	2,193			$	2,035			$	1,978			$	2,011			$	167		8.3	%		$	6,406			$	5,779			$	627		10.8	%
Period-end loan receivables	$	7,836			$	7,580			$	7,316			$	7,335			$	7,155			$	681		9.5	%		$	7,836			$	7,155			$	681		9.5	%
Average loan receivables	$	7,714			$	7,438			$	7,323			$	7,256			$	7,048			$	666		9.4	%		$	7,500			$	6,910			$	590		8.5	%
Average active accounts (in thousands)(3)	5,219				5,064				5,031				4,958				4,826				393			8.1	%		5,109				4,756				353			7.4	%
Interest and fees on loans	$	476			$	442			$	427			$	438			$	429			$	47		11.0	%		$	1,345			$	1,248			$	97		7.8	%
Other income	$	11			$	11			$	9			$	8			$	9			$	2		22.2	%		$	31			$	28			$	3		10.7	%
Retailer share arrangements	$	(2	)		$	(1	)		$	(2	)		$	(1	)		$	(2	)		$	—		—	%		$	(5	)		$	(4	)		$	(1	)	25.0	%
TOTAL SYF
Purchase volume(1)(2)	$	31,615			$	31,507			$	26,977			$	32,460			$	29,206			$	2,409		8.2	%		$	90,099			$	81,155			$	8,944		11.0	%
Period-end loan receivables	$	70,644			$	68,282			$	65,849			$	68,290			$	63,520			$	7,124		11.2	%		$	70,644			$	63,520			$	7,124		11.2	%
Average loan receivables, including held for sale	$	69,525			$	66,943			$	66,705			$	65,406			$	62,504			$	7,021		11.2	%		$	67,856			$	60,946			$	6,910		11.3	%
Average active accounts (in thousands)(2)(3)	66,639				65,531				66,134				64,892				62,247				4,392			7.1	%		66,204				61,762				4,442			7.2	%
Interest and fees on loans(2)	$	3,771			$	3,494			$	3,498			$	3,494			$	3,379			$	392		11.6	%		$	10,763			$	9,685			$	1,078		11.1	%
Other income(2)	$	84			$	83			$	92			$	87			$	84			$	—		—	%		$	259			$	305			$	(46	)	(15.1	)%
Retailer share arrangements(2)	$	(757	)		$	(664	)		$	(670	)		$	(734	)		$	(723	)		$	(34	)	4.7	%		$	(2,091	)		$	(2,004	)		$	(87	)	4.3	%
(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
	Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Sep 30, 2015
COMMON EQUITY MEASURES
GAAP Total common equity	$	13,981			$	13,715			$	13,204			$	12,604			$	12,158
Less: Goodwill	(949		)		(949		)		(949		)		(949		)		(949		)
Less: Intangible assets, net	(733		)		(704		)		(702		)		(701		)		(646		)
Tangible common equity	$	12,299			$	12,062			$	11,553			$	10,954			$	10,563
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	299				282				281				280				291
Basel III - Common equity Tier 1 (fully phased-in)	$	12,598			$	12,344			$	11,834			$	11,234			$	10,854
Adjustment related to capital components during transition	273				266				265				399				375
Basel III - Common equity Tier 1 (transition)	$	12,871			$	12,610			$	12,099			$	11,633			11,229
RISK-BASED CAPITAL
Common equity Tier 1	$	12,871			$	12,610			$	12,099			$	11,633			$	11,229
Add: Allowance for loan losses includible in risk-based capital	923				890				869				898				833
Risk-based capital	$	13,794			$	13,500			$	12,968			$	12,531			$	12,062
ASSET MEASURES
Total average assets	$	85,021			$	81,694			$	82,835			$	81,882			$	77,841
Adjustments for:
Disallowed goodwill and other disallowed intangible assets, net of related deferred tax liabilities	(1,117		)		(1,113		)		(1,117		)		(991		)		(931		)
Other	—				—				—				—				104
Total assets for leverage purposes	$	83,904			$	80,581			$	81,718			$	80,891			$	77,014
Risk-weighted assets - Basel III (fully phased-in)(3)	$	70,448			$	68,462			$	67,697			$	70,493			$	65,125
Risk-weighted assets - Basel III (transition)(3)	$	70,660			$	68,188			$	66,689			69,224				64,090
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	16.94			$	16.45			$	15.84			$	15.12			$	14.58
Less: Goodwill	(1.14		)		(1.14		)		(1.14		)		(1.14		)		(1.14		)
Less: Intangible assets, net	(0.90		)		(0.85		)		(0.84		)		(0.84		)		(0.77		)
Tangible common equity per share	$	14.90			$	14.46			$	13.86			$	13.14			$	12.67
(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 September 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