Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Twelve Months Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				4Q'16 vs. 4Q'15						Dec 31, 2016				Dec 31, 2015				YTD'16 vs. YTD'15
EARNINGS
Net interest income	$	3,628			$	3,481			$	3,212			$	3,209			$	3,208			$	420		13.1	%		$	13,530			$	12,093			$	1,437		11.9	%
Retailer share arrangements	(811		)		(757		)		(664		)		(670		)		(734		)		(77		)	10.5	%		(2,902		)		(2,738		)		(164		)	6.0	%
Net interest income, after retailer share arrangements	2,817				2,724				2,548				2,539				2,474				343			13.9	%		10,628				9,355				1,273			13.6	%
Provision for loan losses	1,076				986				1,021				903				823				253			30.7	%		3,986				2,952				1,034			35.0	%
Net interest income, after retailer share arrangements and provision for loan losses	1,741				1,738				1,527				1,636				1,651				90			5.5	%		6,642				6,403				239			3.7	%
Other income	85				84				83				92				87				(2		)	(2.3	)%		344				392				(48		)	(12.2	)%
Other expense	918				859				839				800				870				48			5.5	%		3,416				3,264				152			4.7	%
Earnings before provision for income taxes	908				963				771				928				868				40			4.6	%		3,570				3,531				39			1.1	%
Provision for income taxes	332				359				282				346				321				11			3.4	%		1,319				1,317				2			0.2	%
Net earnings	$	576			$	604			$	489			$	582			$	547			$	29		5.3	%		$	2,251			$	2,214			$	37		1.7	%
Net earnings attributable to common stockholders	$	576			$	604			$	489			$	582			$	547			$	29		5.3	%		$	2,251			$	2,214			$	37		1.7	%
COMMON SHARE STATISTICS
Basic EPS	$	0.70			$	0.73			$	0.59			$	0.70			$	0.66			$	0.04		6.1	%		$	2.71			$	2.66			$	0.05		1.9	%
Diluted EPS	$	0.70			$	0.73			$	0.58			$	0.70			$	0.65			$	0.05		7.7	%		$	2.71			$	2.65			$	0.06		2.3	%
Dividend declared per share	$	0.13			$	0.13			$	—			$	—			$	—			$	0.13		NM			$	0.26			$	—			$	0.26		NM
Common stock price	$	36.27			$	28.00			$	25.28			$	28.66			$	30.41			$	5.86		19.3	%		$	36.27			$	30.41			$	5.86		19.3	%
Book value per share	$	17.37			$	16.94			$	16.45			$	15.84			$	15.12			$	2.25		14.9	%		$	17.37			$	15.12			$	2.25		14.9	%
Tangible common equity per share(1)	$	15.34			$	14.90			$	14.46			$	13.86			$	13.14			$	2.20		16.7	%		$	15.34			$	13.14			$	2.20		16.7	%
Beginning common shares outstanding	825.5				833.9				833.8				833.8				833.8				(8.3		)	(1.0	)%		833.8				833.8				—			—	%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	—				0.1				0.1				—				—				—			—			0.2				—				0.2			NM
Shares repurchased	(8.1		)		(8.5		)		—				—				—				(8.1		)	NM			(16.6		)		—				(16.6		)	NM
Ending common shares outstanding	817.4				825.5				833.9				833.8				833.8				(16.4		)	(2.0	)%		817.4				833.8				(16.4		)	(2.0	)%
Weighted average common shares outstanding	820.5				828.4				833.9				833.8				833.8				(13.3		)	(1.6	)%		829.2				833.8				(4.6		)	(0.6	)%
Weighted average common shares outstanding (fully diluted)	823.8				830.6				836.2				835.5				835.8				(12.0		)	(1.4	)%		831.5				835.5				(4.0		)	(0.5	)%
(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																										Twelve Months Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				4Q'16 vs. 4Q'15						Dec 31, 2016				Dec 31, 2015				YTD'16 vs. YTD'15
PERFORMANCE METRICS
Return on assets(2)	2.6		%		2.8		%		2.4		%		2.8		%		2.7		%					(0.1	)%		2.7		%		2.9		%					(0.2	)%
Return on equity(3)	16.3		%		17.4		%		14.6		%		18.1		%		17.5		%					(1.2	)%		16.6		%		19.1		%					(2.5	)%
Return on tangible common equity(4)	18.5		%		19.8		%		16.6		%		20.8		%		20.1		%					(1.6	)%		18.9		%		22.0		%					(3.1	)%
Net interest margin(5)	16.22		%		16.27		%		15.86		%		15.76		%		15.73		%					0.49	%		16.01		%		15.77		%					0.24	%
Efficiency ratio(6)	31.6		%		30.6		%		31.9		%		30.4		%		34.0		%					(2.4	)%		31.1		%		33.5		%					(2.4	)%
Other expense as a % of average loan receivables, including held for sale	5.00		%		4.92		%		5.04		%		4.82		%		5.28		%					(0.28	)%		4.93		%		5.25		%					(0.32	)%
Effective income tax rate	36.6		%		37.3		%		36.6		%		37.3		%		37.0		%					(0.4	)%		36.9		%		37.3		%					(0.4	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	4.62		%		4.38		%		4.49		%		4.70		%		4.23		%					0.39	%		4.53		%		4.33		%					0.20	%
30+ days past due as a % of period-end loan receivables(7)	4.32		%		4.26		%		3.79		%		3.85		%		4.06		%					0.26	%		4.32		%		4.06		%					0.26	%
90+ days past due as a % of period-end loan receivables(7)	2.03		%		1.89		%		1.67		%		1.84		%		1.86		%					0.17	%		2.03		%		1.86		%					0.17	%
Net charge-offs	$	847			$	765			$	747			$	780			$	697			$	150		21.5	%		$	3,139			$	2,691			$	448		16.6	%
Loan receivables delinquent over 30 days(7)	$	3,295			$	3,008			$	2,585			$	2,538			$	2,772			$	523		18.9	%		$	3,295			$	2,772			$	523		18.9	%
Loan receivables delinquent over 90 days(7)	$	1,546			$	1,334			$	1,143			$	1,212			$	1,273			$	273		21.4	%		$	1,546			$	1,273			$	273		21.4	%
Allowance for loan losses (period-end)	$	4,344			$	4,115			$	3,894			$	3,620			$	3,497			$	847		24.2	%		$	4,344			$	3,497			$	847		24.2	%
Allowance coverage ratio(8)	5.69		%		5.82		%		5.70		%		5.50		%		5.12		%					0.57	%		5.69		%		5.12		%					0.57	%
BUSINESS METRICS
Purchase volume(9)	$	35,369			$	31,615			$	31,507			$	26,977			$	32,460			$	2,909		9.0	%		$	125,468			$	113,615			$	11,853		10.4	%
Period-end loan receivables	$	76,337			$	70,644			$	68,282			$	65,849			$	68,290			$	8,047		11.8	%		$	76,337			$	68,290			$	8,047		11.8	%
Credit cards	$	73,580			$	67,858			$	65,511			$	63,309			$	65,773			$	7,807		11.9	%		$	73,580			$	65,773			$	7,807		11.9	%
Consumer installment loans	$	1,384			$	1,361			$	1,293			$	1,184			$	1,154			$	230		19.9	%		$	1,384			$	1,154			$	230		19.9	%
Commercial credit products	$	1,333			$	1,385			$	1,389			$	1,318			$	1,323			$	10		0.8	%		$	1,333			$	1,323			$	10		0.8	%
Other	$	40			$	40			$	89			$	38			$	40			$	—		—	%		$	40			$	40			$	—		—	%
Average loan receivables, including held for sale	$	72,987			$	69,525			$	66,943			$	66,705			$	65,406			$	7,581		11.6	%		$	69,220			$	62,120			$	7,100		11.4	%
Period-end active accounts (in thousands)(10)	71,890				66,781				66,491				64,689				68,314				3,576			5.2	%		71,890				68,314				3,576			5.2	%
Average active accounts (in thousands)(10)	68,701				66,639				65,531				66,134				64,892				3,809			5.9	%		66,928				62,643				4,285			6.8	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	9,321			$	13,588			$	11,787			$	12,500			$	12,325			$	(3,004	)	(24.4	)%		$	9,321			$	12,325			$	(3,004	)	(24.4	)%
Total liquid assets	$	13,612			$	16,362			$	13,956			$	14,915			$	14,836			$	(1,224	)	(8.3	)%		$	13,612			$	14,836			$	(1,224	)	(8.3	)%
Undrawn credit facilities
Undrawn credit facilities	$	6,700			$	7,150			$	7,025			$	7,325			$	6,075			$	625		10.3	%		$	6,700			$	6,075			$	625		10.3	%
Total liquid assets and undrawn credit facilities	$	20,312			$	23,512			$	20,981			$	22,240			$	20,911			$	(599	)	(2.9	)%		$	20,312			$	20,911			$	(599	)	(2.9	)%
Liquid assets % of total assets	15.09		%		18.77		%		16.94		%		18.27		%		17.66		%					(2.57	)%		15.09		%		17.66		%					(2.57	)%
Liquid assets including undrawn credit facilities % of total assets	22.52		%		26.98		%		25.47		%		27.24		%		24.90		%					(2.38	)%		22.52		%		24.90		%					(2.38	)%
(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																										Twelve Months Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				4Q'16 vs. 4Q'15						Dec 31, 2016				Dec 31, 2015				YTD'16 vs. YTD'15
Interest income:
Interest and fees on loans	$	3,919			$	3,771			$	3,494			$	3,498			$	3,494			$	425		12.2	%		$	14,682			$	13,179			$	1,503		11.4	%
Interest on investment securities	28				25				21				22				15				13			86.7	%		96				49				47			95.9	%
Total interest income	3,947				3,796				3,515				3,520				3,509				438			12.5	%		14,778				13,228				1,550			11.7	%
Interest expense:
Interest on deposits	188				188				179				172				165				23			13.9	%		727				607				120			19.8	%
Interest on borrowings of consolidated securitization entities	64				63				59				58				56				8			14.3	%		244				215				29			13.5	%
Interest on third-party debt	67				64				65				81				80				(13		)	(16.3	)%		277				309				(32		)	(10.4	)%
Interest on related party debt	—				—				—				—				—				—			—	%		—				4				(4		)	(100.0	)%
Total interest expense	319				315				303				311				301				18			6.0	%		1,248				1,135				113			10.0	%
Net interest income	3,628				3,481				3,212				3,209				3,208				420			13.1	%		13,530				12,093				1,437			11.9	%
Retailer share arrangements	(811		)		(757		)		(664		)		(670		)		(734		)		(77		)	10.5	%		(2,902		)		(2,738		)		(164		)	6.0	%
Net interest income, after retailer share arrangements	2,817				2,724				2,548				2,539				2,474				343			13.9	%		10,628				9,355				1,273			13.6	%
Provision for loan losses	1,076				986				1,021				903				823				253			30.7	%		3,986				2,952				1,034			35.0	%
Net interest income, after retailer share arrangements and provision for loan losses	1,741				1,738				1,527				1,636				1,651				90			5.5	%		6,642				6,403				239			3.7	%
Other income:
Interchange revenue	167				154				151				130				147				20			13.6	%		602				505				97			19.2	%
Debt cancellation fees	68				67				63				64				62				6			9.7	%		262				249				13			5.2	%
Loyalty programs	(157		)		(145		)		(135		)		(110		)		(125		)		(32		)	25.6	%		(547		)		(419		)		(128		)	30.5	%
Other	7				8				4				8				3				4			133.3	%		27				57				(30		)	(52.6	)%
Total other income	85				84				83				92				87				(2		)	(2.3	)%		344				392				(48		)	(12.2	)%
Other expense:
Employee costs	315				311				301				280				285				30			10.5	%		1,207				1,042				165			15.8	%
Professional fees	164				174				154				146				165				(1		)	(0.6	)%		638				645				(7		)	(1.1	)%
Marketing and business development	130				92				107				94				128				2			1.6	%		423				433				(10		)	(2.3	)%
Information processing	88				87				81				82				83				5			6.0	%		338				297				41			13.8	%
Other	221				195				196				198				209				12			5.7	%		810				847				(37		)	(4.4	)%
Total other expense	918				859				839				800				870				48			5.5	%		3,416				3,264				152			4.7	%
Earnings before provision for income taxes	908				963				771				928				868				40			4.6	%		3,570				3,531				39			1.1	%
Provision for income taxes	332				359				282				346				321				11			3.4	%		1,319				1,317				2			0.2	%
Net earnings attributable to common stockholders	$	576			$	604			$	489			$	582			$	547			$	29		5.3	%		$	2,251			$	2,214			$	37		1.7	%

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SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION(1)
(unaudited, $ in millions)
	Quarter Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Dec 31, 2016 vs. Dec 31, 2015
Assets
Cash and equivalents	$	9,321			$	13,588			$	11,787			$	12,500			$	12,325			$	(3,004	)	(24.4	)%
Investment securities	5,110				3,356				2,723				2,949				3,142				1,968			62.6	%
Loan receivables:
Unsecuritized loans held for investment	52,332				47,517				44,854				41,730				42,826				9,506			22.2	%
Restricted loans of consolidated securitization entities	24,005				23,127				23,428				24,119				25,464				(1,459		)	(5.7	)%
Total loan receivables	76,337				70,644				68,282				65,849				68,290				8,047			11.8	%
Less: Allowance for loan losses	(4,344		)		(4,115		)		(3,894		)		(3,620		)		(3,497		)		(847		)	24.2	%
Loan receivables, net	71,993				66,529				64,388				62,229				64,793				7,200			11.1	%
Goodwill	949				949				949				949				949				—			—	%
Intangible assets, net	712				733				704				702				701				11			1.6	%
Other assets	2,122				2,004				1,833				2,327				2,080				42			2.0	%
Total assets	$	90,207			$	87,159			$	82,384			$	81,656			$	83,990			$	6,217		7.4	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	51,896			$	49,611			$	46,220			$	44,721			$	43,215			$	8,681		20.1	%
Non-interest-bearing deposit accounts	159				204				207				256				152				7			4.6	%
Total deposits	52,055				49,815				46,427				44,977				43,367				8,688			20.0	%
Borrowings:
Borrowings of consolidated securitization entities	12,388				12,411				12,236				12,423				13,589				(1,201		)	(8.8	)%
Bank term loan	—				—				—				1,494				4,133				(4,133		)	(100.0	)%
Senior unsecured notes	7,759				7,756				7,059				6,559				6,557				1,202			18.3	%
Related party debt	—				—				—				—				—				—			—	%
Total borrowings	20,147				20,167				19,295				20,476				24,279				(4,132		)	(17.0	)%
Accrued expenses and other liabilities	3,809				3,196				2,947				2,999				3,740				69			1.8	%
Total liabilities	76,011				73,178				68,669				68,452				71,386				4,625			6.5	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,393				9,381				9,370				9,359				9,351				42			0.4	%
Retained earnings	5,330				4,861				4,364				3,875				3,293				2,037			61.9	%
Accumulated other comprehensive income:	(53		)		(24		)		(20		)		(31		)		(41		)		(12		)	29.3	%
Treasury Stock	(475		)		(238		)		—				—				—				(475		)	NM
Total equity	14,196				13,981				13,715				13,204				12,604				1,592			12.6	%
Total liabilities and equity	$	90,207			$	87,159			$	82,384			$	81,656			$	83,990			$	6,217		7.4	%
(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
	Dec 31, 2016											Sep 30, 2016											Jun 30, 2016											Mar 31, 2016											Dec 31, 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	$	11,723			$	17			0.58	%		$	12,574			$	16			0.51	%		$	11,692			$	14			0.48	%		$	12,185			$	16			0.53	%		$	12,070			$	9			0.30	%
Securities available for sale	4,253				11				1.03	%		3,018				9				1.19	%		2,805				7				1.00	%		2,995				6				0.81	%		3,445				6				0.69	%
Loan receivables:
Credit cards, including held for sale	70,195				3,851				21.83	%		66,746				3,705				22.08	%		64,269				3,432				21.48	%		64,194				3,436				21.53	%		62,834				3,432				21.67	%
Consumer installment loans	1,374				31				8.98	%		1,331				31				9.27	%		1,235				28				9.12	%		1,159				27				9.37	%		1,163				26				8.87	%
Commercial credit products	1,367				36				10.48	%		1,390				35				10.02	%		1,373				33				9.67	%		1,313				35				10.72	%		1,361				36				10.49	%
Other	51				1				NM			58				—				—	%		66				1				NM			39				—				—	%		48				—				—	%
Total loan receivables, including held for sale	72,987				3,919				21.36	%		69,525				3,771				21.58	%		66,943				3,494				20.99	%		66,705				3,498				21.09	%		65,406				3,494				21.19	%
Total interest-earning assets	88,963				3,947				17.65	%		85,117				3,796				17.74	%		81,440				3,515				17.36	%		81,885				3,520				17.29	%		80,921				3,509				17.20	%
Non-interest-earning assets:
Cash and due from banks	691											641											774											1,277											1,268
Allowance for loan losses	(4,226		)									(3,977		)									(3,729		)									(3,583		)									(3,440		)
Other assets	3,394											3,240											3,209											3,256											3,133
Total non-interest-earning assets	(141		)									(96		)									254											950											961
Total assets	$	88,822										$	85,021										$	81,694										$	82,835										$	81,882
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	50,901			$	188			1.47	%		$	47,926			$	188			1.56	%		$	45,490			$	179			1.58	%		$	44,101			$	172			1.57	%		$	42,079			$	165			1.56	%
Borrowings of consolidated securitization entities	12,387				64				2.06	%		12,369				63				2.03	%		12,291				59				1.93	%		12,950				58				1.80	%		13,550				56				1.64	%
Bank term loan(2)	—				—				—	%		—				—				—	%		374				7				7.53	%		2,565				24				3.76	%		4,507				28				2.46	%
Senior unsecured notes	7,758				67				3.44	%		7,408				64				3.44	%		6,809				58				3.43	%		6,558				57				3.50	%		5,810				52				3.55	%
Related party debt	—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%
Total interest-bearing liabilities	71,046				319				1.79	%		67,703				315				1.85	%		64,964				303				1.88	%		66,174				311				1.89	%		65,946				301				1.81	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	180											203											217											226											147
Other liabilities	3,563											3,314											3,046											3,534											3,396
Total non-interest-bearing liabilities	3,743											3,517											3,263											3,760											3,543
Total liabilities	74,789											71,220											68,227											69,934											69,489
Equity
Total equity	14,033											13,801											13,467											12,901											12,393
Total liabilities and equity	$	88,822										$	85,021										$	81,694										$	82,835										$	81,882
Net interest income					$	3,628										$	3,481										$	3,212										$	3,209										$	3,208
Interest rate spread(3)									15.86	%										15.89	%										15.48	%										15.40	%										15.39	%
Net interest margin(4)									16.22	%										16.27	%										15.86	%										15.76	%										15.73	%
(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, and December 31, 2015 were 2.51%, 2.47%, and 2.26% 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)
	Twelve Months Ended Dec 31, 2016											Twelve Months Ended Dec 31, 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	$	11,943			$	63			0.53	%		$	11,406			$	28			0.25	%
Securities available for sale	3,327				33				0.99	%		3,142				21				0.67	%
Loan receivables:
Credit cards, including held for sale	66,533				14,424				21.68	%		59,603				12,932				21.70	%
Consumer installment loans	1,274				117				9.18	%		1,119				104				9.29	%
Commercial credit products	1,360				139				10.22	%		1,359				142				10.45	%
Other	53				2				3.77	%		39				1				2.56	%
Total loan receivables, including held for sale	69,220				14,682				21.21	%		62,120				13,179				21.22	%
Total interest-earning assets	84,490				14,778				17.49	%		76,668				13,228				17.25	%
Non-interest-earning assets:
Cash and due from banks	890											904
Allowance for loan losses	(3,879		)									(3,340		)
Other assets	3,290											2,857
Total non-interest-earning assets	301											421
Total assets	$	84,791										$	77,089
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	47,163			$	727			1.54	%		$	38,060			$	607			1.59	%
Borrowings of consolidated securitization entities	12,532				244				1.95	%		13,853				215				1.55	%
Bank term loan(2)	789				31				3.93	%		5,357				136				2.54	%
Senior unsecured notes	7,135				246				3.45	%		4,949				173				3.50	%
Related party debt	—				—				—	%		125				4				3.20	%
Total interest-bearing liabilities	67,619				1,248				1.85	%		62,344				1,135				1.82	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	203											152
Other liabilities	3,437											3,015
Total non-interest-bearing liabilities	3,640											3,167
Total liabilities	71,259											65,511
Equity
Total equity	13,532											11,578
Total liabilities and equity	$	84,791										$	77,089
Net interest income					$	13,530										$	12,093
Interest rate spread(3)									15.64	%										15.43	%
Net interest margin(4)									16.01	%										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 12 months ended December 31, 2016 and December 31, 2015 were 2.48% 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.

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SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS(1)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				Dec 31, 2016 vs. Dec 31, 2015
BALANCE SHEET STATISTICS
Total common equity	$	14,196			$	13,981			$	13,715			$	13,204			$	12,604			$	1,592		12.6	%
Total common equity as a % of total assets	15.74		%		16.04		%		16.65		%		16.17		%		15.01		%					0.73	%
Tangible assets	$	88,546			$	85,477			$	80,731			$	80,005			$	82,340			$	6,206		7.5	%
Tangible common equity(2)	$	12,535			$	12,299			$	12,062			$	11,553			$	10,954			$	1,581		14.4	%
Tangible common equity as a % of tangible assets(2)	14.16		%		14.39		%		14.94		%		14.44		%		13.30		%					0.86	%
Tangible common equity per share(2)	$	15.34			$	14.90			$	14.46			$	13.86			$	13.14			$	2.20		16.7	%
REGULATORY CAPITAL RATIOS(3)
	Basel III Transition
Total risk-based capital ratio(4)	18.5		%		19.5		%		19.8		%		19.4		%		18.1		%
Tier 1 risk-based capital ratio(5)	17.2		%		18.2		%		18.5		%		18.1		%		16.8		%
Tier 1 leverage ratio(6)	15.0		%		15.3		%		15.6		%		14.8		%		14.4		%
Common equity Tier 1 capital ratio(7)	17.2		%		18.2		%		18.5		%		18.1		%		16.8		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio(7)	17.0		%		17.9		%		18.0		%		17.5		%		15.9		%
(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 December 31, 2016 are preliminary and therefore subject to change.
(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																										Twelve Months Ended
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015				4Q'16 vs. 4Q'15						Dec 31, 2016				Dec 31, 2015				YTD'16 vs. YTD'15
RETAIL CARD
Purchase volume(1)(2)	$	28,996			$	25,285			$	25,411			$	21,550			$	26,768			$	2,228		8.3	%		$	101,242			$	92,190			$	9,052		9.8	%
Period-end loan receivables	$	52,701			$	48,010			$	46,705			$	45,113			$	47,412			$	5,289		11.2	%		$	52,701			$	47,412			$	5,289		11.2	%
Average loan receivables, including held for sale	$	49,897			$	47,420			$	45,861			$	45,900			$	44,958			$	4,939		11.0	%		$	47,421			$	42,687			$	4,734		11.1	%
Average active accounts (in thousands)(2)(3)	54,489				52,959				52,314				52,969				52,038				2,451			4.7	%		53,344				50,358				2,986			5.9	%
Interest and fees on loans(2)	$	2,909			$	2,790			$	2,585			$	2,614			$	2,594			$	315		12.1	%		$	10,898			$	9,774			$	1,124		11.5	%
Other income(2)	$	70			$	70			$	69			$	79			$	76			$	(6	)	(7.9	)%		$	288			$	339			$	(51	)	(15.0	)%
Retailer share arrangements(2)	$	(801	)		$	(752	)		$	(656	)		$	(661	)		$	(723	)		$	(78	)	10.8	%		$	(2,870	)		$	(2,688	)		$	(182	)	6.8	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	4,194			$	4,152			$	3,903			$	3,392			$	3,714			$	480		12.9	%		$	15,641			$	13,668			$	1,973		14.4	%
Period-end loan receivables	$	15,567			$	14,798			$	13,997			$	13,420			$	13,543			$	2,024		14.9	%		$	15,567			$	13,543			$	2,024		14.9	%
Average loan receivables	$	15,146			$	14,391			$	13,644			$	13,482			$	13,192			$	1,954		14.8	%		$	14,188			$	12,436			$	1,752		14.1	%
Average active accounts (in thousands)(3)	8,844				8,461				8,153				8,134				7,896				948			12.0	%		8,410				7,478				932			12.5	%
Interest and fees on loans	$	523			$	505			$	467			$	457			$	462			$	61		13.2	%		$	1,952			$	1,719			$	233		13.6	%
Other income	$	3			$	3			$	3			$	4			$	3			$	—		—	%		$	13			$	17			$	(4	)	(23.5	)%
Retailer share arrangements	$	(9	)		$	(3	)		$	(7	)		$	(7	)		$	(10	)		$	1		(10.0	)%		$	(26	)		$	(45	)		$	19		(42.2	)%
CARECREDIT
Purchase volume(1)	$	2,179			$	2,178			$	2,193			$	2,035			$	1,978			$	201		10.2	%		$	8,585			$	7,757			$	828		10.7	%
Period-end loan receivables	$	8,069			$	7,836			$	7,580			$	7,316			$	7,335			$	734		10.0	%		$	8,069			$	7,335			$	734		10.0	%
Average loan receivables	$	7,944			$	7,714			$	7,438			$	7,323			$	7,256			$	688		9.5	%		$	7,611			$	6,997			$	614		8.8	%
Average active accounts (in thousands)(3)	5,368				5,219				5,064				5,031				4,958				410			8.3	%		5,174				4,807				367			7.6	%
Interest and fees on loans	$	487			$	476			$	442			$	427			$	438			$	49		11.2	%		$	1,832			$	1,686			$	146		8.7	%
Other income	$	12			$	11			$	11			$	9			$	8			$	4		50.0	%		$	43			$	36			$	7		19.4	%
Retailer share arrangements	$	(1	)		$	(2	)		$	(1	)		$	(2	)		$	(1	)		$	—		—	%		$	(6	)		$	(5	)		$	(1	)	20.0	%
TOTAL SYF
Purchase volume(1)(2)	$	35,369			$	31,615			$	31,507			$	26,977			$	32,460			$	2,909		9.0	%		$	125,468			$	113,615			$	11,853		10.4	%
Period-end loan receivables	$	76,337			$	70,644			$	68,282			$	65,849			$	68,290			$	8,047		11.8	%		$	76,337			$	68,290			$	8,047		11.8	%
Average loan receivables, including held for sale	$	72,987			$	69,525			$	66,943			$	66,705			$	65,406			$	7,581		11.6	%		$	69,220			$	62,120			$	7,100		11.4	%
Average active accounts (in thousands)(2)(3)	68,701				66,639				65,531				66,134				64,892				3,809			5.9	%		66,928				62,643				4,285			6.8	%
Interest and fees on loans(2)	$	3,919			$	3,771			$	3,494			$	3,498			$	3,494			$	425		12.2	%		$	14,682			$	13,179			$	1,503		11.4	%
Other income(2)	$	85			$	84			$	83			$	92			$	87			$	(2	)	(2.3	)%		$	344			$	392			$	(48	)	(12.2	)%
Retailer share arrangements(2)	$	(811	)		$	(757	)		$	(664	)		$	(670	)		$	(734	)		$	(77	)	10.5	%		$	(2,902	)		$	(2,738	)		$	(164	)	6.0	%
(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
	Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Mar 31, 2016				Dec 31, 2015
COMMON EQUITY MEASURES
GAAP Total common equity	$	14,196			$	13,981			$	13,715			$	13,204			$	12,604
Less: Goodwill	(949		)		(949		)		(949		)		(949		)		(949		)
Less: Intangible assets, net	(712		)		(733		)		(704		)		(702		)		(701		)
Tangible common equity	$	12,535			$	12,299			$	12,062			$	11,553			$	10,954
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	337				299				282				281				280
Basel III - Common equity Tier 1 (fully phased-in)	$	12,872			$	12,598			$	12,344			$	11,834			$	11,234
Adjustment related to capital components during transition	263				273				266				265				399
Basel III - Common equity Tier 1 (transition)	$	13,135			$	12,871			$	12,610			$	12,099			$	11,633
RISK-BASED CAPITAL
Common equity Tier 1	$	13,135			$	12,871			$	12,610			$	12,099			$	11,633
Add: Allowance for loan losses includible in risk-based capital	994				923				890				869				898
Risk-based capital	$	14,129			$	13,794			$	13,500			$	12,968			$	12,531
ASSET MEASURES
Total average assets	$	88,822			$	85,021			$	81,694			$	82,835			$	81,882
Adjustments for:
Disallowed goodwill and other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,059		)		(1,117		)		(1,113		)		(1,117		)		(991		)
Total assets for leverage purposes	$	87,763			$	83,904			$	80,581			$	81,718			$	80,891
Risk-weighted assets - Basel III (fully phased-in)(3)	$	75,941			$	70,448			$	68,462			$	67,697			$	70,493
Risk-weighted assets - Basel III (transition)(3)	$	76,179			$	70,660			$	68,188			$	66,689			$	69,224
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	17.37			$	16.94			$	16.45			$	15.84			$	15.12
Less: Goodwill	(1.16		)		(1.14		)		(1.14		)		(1.14		)		(1.14		)
Less: Intangible assets, net	(0.87		)		(0.90		)		(0.85		)		(0.84		)		(0.84		)
Tangible common equity per share	$	15.34			$	14.90			$	14.46			$	13.86			$	13.14
(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 December 31, 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