Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Six Months Ended
	Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				2Q'17 vs. 2Q'16						Jun 30, 2017				Jun 30, 2016				YTD'17 vs. YTD'16
EARNINGS
Net interest income	$	3,637			$	3,587			$	3,628			$	3,481			$	3,212			$	425		13.2	%		$	7,224			$	6,421			$	803		12.5	%
Retailer share arrangements	(669		)		(684		)		(811		)		(757		)		(664		)		(5		)	0.8	%		(1,353		)		(1,334		)		(19		)	1.4	%
Net interest income, after retailer share arrangements	2,968				2,903				2,817				2,724				2,548				420			16.5	%		5,871				5,087				784			15.4	%
Provision for loan losses	1,326				1,306				1,076				986				1,021				305			29.9	%		2,632				1,924				708			36.8	%
Net interest income, after retailer share arrangements and provision for loan losses	1,642				1,597				1,741				1,738				1,527				115			7.5	%		3,239				3,163				76			2.4	%
Other income	57				93				85				84				83				(26		)	(31.3	)%		150				175				(25		)	(14.3	)%
Other expense	911				908				918				859				839				72			8.6	%		1,819				1,639				180			11.0	%
Earnings before provision for income taxes	788				782				908				963				771				17			2.2	%		1,570				1,699				(129		)	(7.6	)%
Provision for income taxes	292				283				332				359				282				10			3.5	%		575				628				(53		)	(8.4	)%
Net earnings	$	496			$	499			$	576			$	604			$	489			$	7		1.4	%		$	995			$	1,071			$	(76	)	(7.1	)%
Net earnings attributable to common stockholders	$	496			$	499			$	576			$	604			$	489			$	7		1.4	%		$	995			$	1,071			$	(76	)	(7.1	)%
COMMON SHARE STATISTICS
Basic EPS	$	0.62			$	0.61			$	0.70			$	0.73			$	0.59			$	0.03		5.1	%		$	1.23			$	1.28			$	(0.05	)	(3.9	)%
Diluted EPS	$	0.61			$	0.61			$	0.70			$	0.73			$	0.58			$	0.03		5.2	%		$	1.23			$	1.28			$	(0.05	)	(3.9	)%
Dividend declared per share	$	0.13			$	0.13			$	0.13			$	0.13			$	—			$	0.13		NM			$	0.26			$	—			$	0.26		NM
Common stock price	$	29.82			$	34.30			$	36.27			$	28.00			$	25.28			$	4.54		18.0	%		$	29.82			$	25.28			$	4.54		18.0	%
Book value per share	$	18.02			$	17.71			$	17.37			$	16.94			$	16.45			$	1.57		9.5	%		$	18.02			$	16.45			$	1.57		9.5	%
Tangible common equity per share(1)	$	15.79			$	15.47			$	15.34			$	14.90			$	14.46			$	1.33		9.2	%		$	15.79			$	14.46			$	1.33		9.2	%
Beginning common shares outstanding	810.8				817.4				825.5				833.9				833.8				(23.0		)	(2.8	)%		817.4				833.8				(16.4		)	(2.0	)%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	0.2				—				—				0.1				0.1				0.1			100.0	%		0.2				0.1				0.1			100.0	%
Shares repurchased	(15.7		)		(6.6		)		(8.1		)		(8.5		)		—				(15.7		)	NM			(22.3		)		—				(22.3		)	NM
Ending common shares outstanding	795.3				810.8				817.4				825.5				833.9				(38.6		)	(4.6	)%		795.3				833.9				(38.6		)	(4.6	)%
Weighted average common shares outstanding	804.0				813.1				820.5				828.4				833.9				(29.9		)	(3.6	)%		808.5				833.9				(25.4		)	(3.0	)%
Weighted average common shares outstanding (fully diluted)	807.4				817.1				823.8				830.6				836.2				(28.8		)	(3.4	)%		812.2				835.8				(23.6		)	(2.8	)%
(1) Tangible Common Equity ("TCE") is a non-GAAP measure. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.

1

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SYNCHRONY FINANCIAL
SELECTED METRICS
(unaudited, $ in millions, except account data)
	Quarter Ended																										Six Months Ended
	Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				2Q'17 vs. 2Q'16						Jun 30, 2017				Jun 30, 2016				YTD'17 vs. YTD'16
PERFORMANCE METRICS
Return on assets(1)	2.2		%		2.3		%		2.6		%		2.8		%		2.4		%					(0.2	)%		2.2		%		2.6		%					(0.4	)%
Return on equity(2)	13.8		%		14.1		%		16.2		%		17.3		%		14.5		%					(0.7	)%		14.0		%		16.3		%					(2.3	)%
Return on tangible common equity(3)	15.7		%		16.1		%		18.4		%		19.6		%		16.5		%					(0.8	)%		15.9		%		18.6		%					(2.7	)%
Net interest margin(4)	16.20		%		16.18		%		16.26		%		16.34		%		15.94		%					0.26	%		16.19		%		15.89		%					0.30	%
Efficiency ratio(5)	30.1		%		30.3		%		31.6		%		30.6		%		31.9		%					(1.8	)%		30.2		%		31.1		%					(0.9	)%
Other expense as a % of average loan receivables, including held for sale	4.93		%		4.97		%		5.04		%		4.93		%		5.07		%					(0.14	)%		4.95		%		4.97		%					(0.02	)%
Effective income tax rate	37.1		%		36.2		%		36.6		%		37.3		%		36.6		%					0.5	%		36.6		%		37.0		%					(0.4	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	5.42		%		5.33		%		4.65		%		4.39		%		4.51		%					0.91	%		5.37		%		4.63		%					0.74	%
30+ days past due as a % of period-end loan receivables(6)	4.25		%		4.25		%		4.32		%		4.26		%		3.79		%					0.46	%		4.25		%		3.79		%					0.46	%
90+ days past due as a % of period-end loan receivables(6)	1.90		%		2.06		%		2.03		%		1.89		%		1.67		%					0.23	%		1.90		%		1.67		%					0.23	%
Net charge-offs	$	1,001			$	974			$	847			$	765			$	747			$	254		34.0	%		$	1,975			$	1,527			$	448		29.3	%
Loan receivables delinquent over 30 days(6)	$	3,208			$	3,120			$	3,295			$	3,008			$	2,585			$	623		24.1	%		$	3,208			$	2,585			$	623		24.1	%
Loan receivables delinquent over 90 days(6)	$	1,435			$	1,508			$	1,546			$	1,334			$	1,143			$	292		25.5	%		$	1,435			$	1,143			$	292		25.5	%
Allowance for loan losses (period-end)	$	5,001			$	4,676			$	4,344			$	4,115			$	3,894			$	1,107		28.4	%		$	5,001			$	3,894			$	1,107		28.4	%
Allowance coverage ratio(7)	6.63		%		6.37		%		5.69		%		5.82		%		5.70		%					0.93	%		6.63		%		5.70		%					0.93	%
BUSINESS METRICS
Purchase volume(8)	$	33,476			$	28,880			$	35,369			$	31,615			$	31,507			$	1,969		6.2	%		$	62,356			$	58,484			$	3,872		6.6	%
Period-end loan receivables	$	75,458			$	73,350			$	76,337			$	70,644			$	68,282			$	7,176		10.5	%		$	75,458			$	68,282			$	7,176		10.5	%
Credit cards	$	72,492			$	70,587			$	73,580			$	67,858			$	65,511			$	6,981		10.7	%		$	72,492			$	65,511			$	6,981		10.7	%
Consumer installment loans	$	1,514			$	1,411			$	1,384			$	1,361			$	1,293			$	221		17.1	%		$	1,514			$	1,293			$	221		17.1	%
Commercial credit products	$	1,386			$	1,311			$	1,333			$	1,385			$	1,389			$	(3	)	(0.2	)%		$	1,386			$	1,389			$	(3	)	(0.2	)%
Other	$	66			$	41			$	40			$	40			$	89			$	(23	)	(25.8	)%		$	66			$	89			$	(23	)	(25.8	)%
Average loan receivables, including held for sale	$	74,090			$	74,132			$	72,476			$	69,316			$	66,561			$	7,529		11.3	%		$	74,111			$	66,377			$	7,734		11.7	%
Period-end active accounts (in thousands)(9)	69,277				67,905				71,890				66,781				66,491				2,786			4.2	%		69,277				66,491				2,786			4.2	%
Average active accounts (in thousands)(9)	68,635				69,629				68,701				66,639				65,531				3,104			4.7	%		69,307				65,996				3,311			5.0	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	12,020			$	11,392			$	9,321			$	13,588			$	11,787			$	233		2.0	%		$	12,020			$	11,787			$	233		2.0	%
Total liquid assets	$	15,274			$	16,158			$	13,612			$	16,362			$	13,956			$	1,318		9.4	%		$	15,274			$	13,956			$	1,318		9.4	%
Undrawn credit facilities
Undrawn credit facilities	$	6,650			$	5,600			$	6,700			$	7,150			$	7,025			$	(375	)	(5.3	)%		$	6,650			$	7,025			$	(375	)	(5.3	)%
Total liquid assets and undrawn credit facilities	$	21,924			$	21,758			$	20,312			$	23,512			$	20,981			$	943		4.5	%		$	21,924			$	20,981			$	943		4.5	%
Liquid assets % of total assets	16.76		%		18.14		%		15.09		%		18.77		%		16.94		%					(0.18	)%		16.76		%		16.94		%					(0.18	)%
Liquid assets including undrawn credit facilities % of total assets	24.06		%		24.43		%		22.52		%		26.98		%		25.47		%					(1.41	)%		24.06		%		25.47		%					(1.41	)%
(1) Return on assets represents net earnings as a percentage of average total assets.
(2) Return on equity represents net earnings as a percentage of average total equity.
(3) Return on tangible common equity represents net earnings as a percentage of average tangible common equity. Tangible common equity ("TCE") is a non-GAAP measure. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(4) Net interest margin represents net interest income divided by average interest-earning assets.
(5) Efficiency ratio represents (i) other expense, divided by (ii) net interest income, after retailer share arrangements, plus other income.
(6) Based on customer statement-end balances extrapolated to the respective period-end date.
(7) Allowance coverage ratio represents allowance for loan losses divided by total period-end loan receivables.
(8) Purchase volume, or net credit sales, represents the aggregate amount of charges incurred on credit cards or other credit product accounts less returns during the period.
(9) 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, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				2Q'17 vs. 2Q'16						Jun 30, 2017				Jun 30, 2016				YTD'17 vs. YTD'16
Interest income:
Interest and fees on loans	$	3,927			$	3,877			$	3,919			$	3,771			$	3,494			$	433		12.4	%		$	7,804			$	6,992			$	812		11.6	%
Interest on investment securities	43				36				28				25				21				22			104.8	%		79				43				36			83.7	%
Total interest income	3,970				3,913				3,947				3,796				3,515				455			12.9	%		7,883				7,035				848			12.1	%
Interest expense:
Interest on deposits	202				194				188				188				179				23			12.8	%		396				351				45			12.8	%
Interest on borrowings of consolidated securitization entities	63				65				64				63				59				4			6.8	%		128				117				11			9.4	%
Interest on third-party debt	68				67				67				64				65				3			4.6	%		135				146				(11		)	(7.5	)%
Total interest expense	333				326				319				315				303				30			9.9	%		659				614				45			7.3	%
Net interest income	3,637				3,587				3,628				3,481				3,212				425			13.2	%		7,224				6,421				803			12.5	%
Retailer share arrangements	(669		)		(684		)		(811		)		(757		)		(664		)		(5		)	0.8	%		(1,353		)		(1,334		)		(19		)	1.4	%
Net interest income, after retailer share arrangements	2,968				2,903				2,817				2,724				2,548				420			16.5	%		5,871				5,087				784			15.4	%
Provision for loan losses	1,326				1,306				1,076				986				1,021				305			29.9	%		2,632				1,924				708			36.8	%
Net interest income, after retailer share arrangements and provision for loan losses	1,642				1,597				1,741				1,738				1,527				115			7.5	%		3,239				3,163				76			2.4	%
Other income:
Interchange revenue	165				145				167				154				151				14			9.3	%		310				281				29			10.3	%
Debt cancellation fees	68				68				68				67				63				5			7.9	%		136				127				9			7.1	%
Loyalty programs	(206		)		(137		)		(157		)		(145		)		(135		)		(71		)	52.6	%		(343		)		(245		)		(98		)	40.0	%
Other	30				17				7				8				4				26			NM			47				12				35			NM
Total other income	57				93				85				84				83				(26		)	(31.3	)%		150				175				(25		)	(14.3	)%
Other expense:
Employee costs	321				325				315				311				301				20			6.6	%		646				581				65			11.2	%
Professional fees	158				151				164				174				154				4			2.6	%		309				300				9			3.0	%
Marketing and business development	124				94				130				92				107				17			15.9	%		218				201				17			8.5	%
Information processing	88				90				88				87				81				7			8.6	%		178				163				15			9.2	%
Other	220				248				221				195				196				24			12.2	%		468				394				74			18.8	%
Total other expense	911				908				918				859				839				72			8.6	%		1,819				1,639				180			11.0	%
Earnings before provision for income taxes	788				782				908				963				771				17			2.2	%		1,570				1,699				(129		)	(7.6	)%
Provision for income taxes	292				283				332				359				282				10			3.5	%		575				628				(53		)	(8.4	)%
Net earnings attributable to common shareholders	$	496			$	499			$	576			$	604			$	489			$	7		1.4	%		$	995			$	1,071			$	(76	)	(7.1	)%

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SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
	Quarter Ended
	Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Jun 30, 2017 vs. Jun 30, 2016
Assets
Cash and equivalents	$	12,020			$	11,392			$	9,321			$	13,588			$	11,787			$	233		2.0	%
Investment securities	3,997				5,328				5,110				3,356				2,723				1,274			46.8	%
Loan receivables:
Unsecuritized loans held for investment	52,550				50,398				52,332				47,517				44,854				7,696			17.2	%
Restricted loans of consolidated securitization entities	22,908				22,952				24,005				23,127				23,428				(520		)	(2.2	)%
Total loan receivables	75,458				73,350				76,337				70,644				68,282				7,176			10.5	%
Less: Allowance for loan losses	(5,001		)		(4,676		)		(4,344		)		(4,115		)		(3,894		)		(1,107		)	28.4	%
Loan receivables, net	70,457				68,674				71,993				66,529				64,388				6,069			9.4	%
Goodwill	991				992				949				949				949				42			4.4	%
Intangible assets, net	787				826				712				733				704				83			11.8	%
Other assets	2,888				1,838				2,122				2,004				1,833				1,055			57.6	%
Total assets	$	91,140			$	89,050			$	90,207			$	87,159			$	82,384			$	8,756		10.6	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	52,659			$	51,359			$	51,896			$	49,611			$	46,220			$	6,439		13.9	%
Non-interest-bearing deposit accounts	226				246				159				204				207				19			9.2	%
Total deposits	52,885				51,605				52,055				49,815				46,427				6,458			13.9	%
Borrowings:
Borrowings of consolidated securitization entities	12,204				12,433				12,388				12,411				12,236				(32		)	(0.3	)%
Bank term loan	—				—				—				—				—				—			—	%
Senior unsecured notes	8,505				7,761				7,759				7,756				7,059				1,446			20.5	%
Total borrowings	20,709				20,194				20,147				20,167				19,295				1,414			7.3	%
Accrued expenses and other liabilities	3,214				2,888				3,809				3,196				2,947				267			9.1	%
Total liabilities	76,808				74,687				76,011				73,178				68,669				8,139			11.9	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,415				9,405				9,393				9,381				9,370				45			0.5	%
Retained earnings	6,109				5,724				5,330				4,861				4,364				1,745			40.0	%
Accumulated other comprehensive income:	(49		)		(55		)		(53		)		(24		)		(20		)		(29		)	145.0	%
Treasury Stock	(1,144		)		(712		)		(475		)		(238		)		—				(1,144		)	NM
Total equity	14,332				14,363				14,196				13,981				13,715				617			4.5	%
Total liabilities and equity	$	91,140			$	89,050			$	90,207			$	87,159			$	82,384			$	8,756		10.6	%

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Quarter Ended
	Jun 30, 2017											Mar 31, 2017											Dec 31, 2016											Sep 30, 2016											Jun 30, 2016
					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	$	10,758			$	28			1.04	%		$	10,552			$	21			0.81	%		$	12,210			$	17			0.55	%		$	12,480			$	16			0.51	%		$	11,623			$	14			0.48	%
Securities available for sale	5,195				15				1.16	%		5,213				15				1.17	%		4,076				11				1.07	%		2,960				9				1.21	%		2,858				7				0.99	%
Loan receivables:
Credit cards, including held for sale	71,206				3,858				21.73	%		71,365				3,811				21.66	%		69,660				3,851				21.99	%		66,519				3,705				22.16	%		63,876				3,432				21.61	%
Consumer installment loans	1,461				34				9.33	%		1,389				32				9.34	%		1,373				31				8.98	%		1,333				31				9.25	%		1,233				28				9.13	%
Commercial credit products	1,378				34				9.90	%		1,317				34				10.47	%		1,386				36				10.33	%		1,401				35				9.94	%		1,388				33				9.56	%
Other	45				1				NM			61				—				—	%		57				1				NM			63				—				—	%		64				1				NM
Total loan receivables, including held for sale	74,090				3,927				21.26	%		74,132				3,877				21.21	%		72,476				3,919				21.51	%		69,316				3,771				21.64	%		66,561				3,494				21.11	%
Total interest-earning assets	90,043				3,970				17.68	%		89,897				3,913				17.65	%		88,762				3,947				17.69	%		84,756				3,796				17.82	%		81,042				3,515				17.44	%
Non-interest-earning assets:
Cash and due from banks	829											802											739											862											895
Allowance for loan losses	(4,781		)									(4,408		)									(4,228		)									(3,933		)									(3,732		)
Other assets	3,303											3,177											3,479											3,189											3,208
Total non-interest-earning assets	(649		)									(429		)									(10		)									118											371
Total assets	$	89,394										$	89,468										$	88,752										$	84,874										$	81,413
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	51,836			$	202			1.56	%		$	51,829			$	194			1.52	%		$	51,006			$	188			1.47	%		$	47,895			$	188			1.56	%		$	45,523			$	179			1.58	%
Borrowings of consolidated securitization entities	12,213				63				2.07	%		12,321				65				2.14	%		12,389				64				2.06	%		12,254				63				2.05	%		12,211				59				1.94	%
Bank term loan	—				—				—	%		—				—				—	%		—				—				—	%		—				—				—	%		65				7				NM
Senior unsecured notes	7,933				68				3.44	%		7,760				67				3.50	%		7,757				67				3.44	%		7,448				64				3.42	%		6,861				58				3.40	%
Total interest-bearing liabilities	71,982				333				1.86	%		71,910				326				1.84	%		71,152				319				1.78	%		67,597				315				1.85	%		64,660				303				1.88	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	218											240											176											204											208
Other liabilities	2,752											2,995											3,321											3,175											3,002
Total non-interest-bearing liabilities	2,970											3,235											3,497											3,379											3,210
Total liabilities	74,952											75,145											74,649											70,976											67,870
Equity
Total equity	14,442											14,323											14,103											13,898											13,543
Total liabilities and equity	$	89,394										$	89,468										$	88,752										$	84,874										$	81,413
Net interest income					$	3,637										$	3,587										$	3,628										$	3,481										$	3,212
Interest rate spread(1)									15.82	%										15.81	%										15.91	%										15.97	%										15.56	%
Net interest margin(2)									16.20	%										16.18	%										16.26	%										16.34	%										15.94	%
(1) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average interest-earning assets.

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Six Months Ended Jun 30, 2017											Six Months Ended Jun 30, 2016
					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	$	10,656			$	49			0.93	%		$	11,957			$	30			0.50	%
Securities available for sale	5,204				30				1.16	%		2,918				13				0.90	%
Loan receivables:
Credit cards, including held for sale	71,285				7,669				21.69	%		63,781				6,868				21.65	%
Consumer installment loans	1,425				66				9.34	%		1,194				55				9.26	%
Commercial credit products	1,348				68				10.17	%		1,350				68				10.13	%
Other	53				1				3.80	%		52				1				3.87	%
Total loan receivables, including held for sale	74,111				7,804				21.23	%		66,377				6,992				21.18	%
Total interest-earning assets	89,971				7,883				17.67	%		81,252				7,035				17.41	%
Non-interest-earning assets:
Cash and due from banks	816											1,131
Allowance for loan losses	(4,595		)									(3,661		)
Other assets	3,239											3,240
Total non-interest-earning assets	(540		)									710
Total assets	$	89,431										$	81,962
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	51,833			$	396			1.54	%		$	44,914			$	351			1.57	%
Borrowings of consolidated securitization entities	12,267				128				2.10	%		12,535				117				1.88	%
Bank term loan(1)	—				—				—	%		1,118				31				5.58	%
Senior unsecured notes	7,847				135				3.47	%		6,709				115				3.45	%
Total interest-bearing liabilities	71,947				659				1.85	%		65,276				614				1.89	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	229											221
Other liabilities	2,872											3,229
Total non-interest-bearing liabilities	3,101											3,450
Total liabilities	75,048											68,726
Equity
Total equity	14,383											13,236
Total liabilities and equity	$	89,431										$	81,962
Net interest income					$	7,224										$	6,421
Interest rate spread(2)									15.82	%										15.52	%
Net interest margin(3)									16.19	%										15.89	%
(1) The effective interest rate for the Bank term loan for the 6 months ended June 30, 2016 was 2.48%. The Bank term loan effective rate excludes the impact of charges incurred in connection with prepayments of the loan.
(2) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(3) Net interest margin represents net interest income divided by average interest-earning assets.

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SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				Jun 30, 2017 vs. Jun 30, 2016
BALANCE SHEET STATISTICS
Total common equity	$	14,332			$	14,363			$	14,196			$	13,981			$	13,715			$	617		4.5	%
Total common equity as a % of total assets	15.73		%		16.13		%		15.74		%		16.04		%		16.65		%					(0.92	)%
Tangible assets	$	89,362			$	87,232			$	88,546			$	85,477			$	80,731			$	8,631		10.7	%
Tangible common equity(1)	$	12,554			$	12,545			$	12,535			$	12,299			$	12,062			$	492		4.1	%
Tangible common equity as a % of tangible assets(1)	14.05		%		14.38		%		14.16		%		14.39		%		14.94		%					(0.89	)%
Tangible common equity per share(1)	$	15.79			$	15.47			$	15.34			$	14.90			$	14.46			$	1.33		9.2	%
REGULATORY CAPITAL RATIOS(2)
	Basel III Transition
Total risk-based capital ratio(3)	18.7		%		19.3		%		18.5		%		19.5		%		19.8		%
Tier 1 risk-based capital ratio(4)	17.4		%		18.0		%		17.2		%		18.2		%		18.5		%
Tier 1 leverage ratio(5)	14.8		%		14.8		%		15.0		%		15.4		%		15.7		%
Common equity Tier 1 capital ratio(6)	17.4		%		18.0		%		17.2		%		18.2		%		18.5		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio(6)	17.2		%		17.7		%		17.0		%		17.9		%		18.0		%
(1) Tangible common equity ("TCE") is a non-GAAP measure. We believe TCE is a more meaningful measure of the net asset value of the Company to investors. For corresponding reconciliation of TCE to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(2) Regulatory capital metrics at June 30, 2017 are preliminary and therefore subject to change.
(3) Total risk-based capital ratio is the ratio of total risk-based capital divided by risk-weighted assets.
(4) Tier 1 risk-based capital ratio is the ratio of Tier 1 capital divided by risk-weighted assets.
(5) Tier 1 leverage ratio is the ratio of Tier 1 capital divided by total average assets, after certain adjustments. Tier 1 leverage ratios are based upon the use of daily averages for all periods presented.
(6) 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, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016				2Q'17 vs. 2Q'16						Jun 30, 2017				Jun 30, 2016				YTD'17 vs. YTD'16
RETAIL CARD
Purchase volume(1)(2)	$	27,101			$	22,952			$	28,996			$	25,285			$	25,411			$	1,690		6.7	%		$	50,053			$	46,961			$	3,092		6.6	%
Period-end loan receivables	$	51,437			$	49,905			$	52,701			$	48,010			$	46,705			$	4,732		10.1	%		$	51,437			$	46,705			$	4,732		10.1	%
Average loan receivables, including held for sale	$	50,533			$	50,644			$	49,476			$	47,274			$	45,593			$	4,940		10.8	%		$	50,588			$	45,536			$	5,052		11.1	%
Average active accounts (in thousands)(2)(3)	54,058				55,049				54,489				52,959				52,314				1,744			3.3	%		54,729				52,798				1,931			3.7	%
Interest and fees on loans(2)	$	2,900			$	2,888			$	2,909			$	2,790			$	2,585			$	315		12.2	%		$	5,788			$	5,199			$	589		11.3	%
Other income(2)	$	25			$	77			$	70			$	70			$	69			$	(44	)	(63.8	)%		$	102			$	148			$	(46	)	(31.1	)%
Retailer share arrangements(2)	$	(657	)		$	(681	)		$	(801	)		$	(752	)		$	(656	)		$	(1	)	0.2	%		$	(1,338	)		$	(1,317	)		$	(21	)	1.6	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	3,930			$	3,686			$	4,194			$	4,152			$	3,903			$	27		0.7	%		$	7,616			$	7,295			$	321		4.4	%
Period-end loan receivables	$	15,595			$	15,320			$	15,567			$	14,798			$	13,997			$	1,598		11.4	%		$	15,595			$	13,997			$	1,598		11.4	%
Average loan receivables	$	15,338			$	15,424			$	15,076			$	14,367			$	13,554			$	1,784		13.2	%		$	15,381			$	13,492			$	1,889		14.0	%
Average active accounts (in thousands)(3)	9,031				9,090				8,844				8,461				8,153				878			10.8	%		9,061				8,148				913			11.2	%
Interest and fees on loans	$	533			$	515			$	523			$	505			$	467			$	66		14.1	%		$	1,048			$	924			$	124		13.4	%
Other income	$	6			$	4			$	3			$	3			$	3			$	3		100.0	%		$	10			$	7			$	3		42.9	%
Retailer share arrangements	$	(9	)		$	(1	)		$	(9	)		$	(3	)		$	(7	)		$	(2	)	28.6	%		$	(10	)		$	(14	)		$	4		(28.6	)%
CARECREDIT
Purchase volume(1)	$	2,445			$	2,242			$	2,179			$	2,178			$	2,193			$	252		11.5	%		$	4,687			$	4,228			$	459		10.9	%
Period-end loan receivables	$	8,426			$	8,125			$	8,069			$	7,836			$	7,580			$	846		11.2	%		$	8,426			$	7,580			$	846		11.2	%
Average loan receivables	$	8,219			$	8,064			$	7,924			$	7,675			$	7,414			$	805		10.9	%		$	8,142			$	7,349			$	793		10.8	%
Average active accounts (in thousands)(3)	5,546				5,490				5,368				5,219				5,064				482			9.5	%		5,517				5,050				467			9.2	%
Interest and fees on loans	$	494			$	474			$	487			$	476			$	442			$	52		11.8	%		$	968			$	869			$	99		11.4	%
Other income	$	26			$	12			$	12			$	11			$	11			$	15		136.4	%		$	38			$	20			$	18		90.0	%
Retailer share arrangements	$	(3	)		$	(2	)		$	(1	)		$	(2	)		$	(1	)		$	(2	)	NM			$	(5	)		$	(3	)		$	(2	)	66.7	%
TOTAL SYF
Purchase volume(1)(2)	$	33,476			$	28,880			$	35,369			$	31,615			$	31,507			$	1,969		6.2	%		$	62,356			$	58,484			$	3,872		6.6	%
Period-end loan receivables	$	75,458			$	73,350			$	76,337			$	70,644			$	68,282			$	7,176		10.5	%		$	75,458			$	68,282			$	7,176		10.5	%
Average loan receivables, including held for sale	$	74,090			$	74,132			$	72,476			$	69,316			$	66,561			$	7,529		11.3	%		$	74,111			$	66,377			$	7,734		11.7	%
Average active accounts (in thousands)(2)(3)	68,635				69,629				68,701				66,639				65,531				3,104			4.7	%		69,307				65,996				3,311			5.0	%
Interest and fees on loans(2)	$	3,927			$	3,877			$	3,919			$	3,771			$	3,494			$	433		12.4	%		$	7,804			$	6,992			$	812		11.6	%
Other income(2)	$	57			$	93			$	85			$	84			$	83			$	(26	)	(31.3	)%		$	150			$	175			$	(25	)	(14.3	)%
Retailer share arrangements(2)	$	(669	)		$	(684	)		$	(811	)		$	(757	)		$	(664	)		$	(5	)	0.8	%		$	(1,353	)		$	(1,334	)		$	(19	)	1.4	%
(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)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Jun 30, 2016
COMMON EQUITY MEASURES
GAAP Total common equity	$	14,332			$	14,363			$	14,196			$	13,981			$	13,715
Less: Goodwill	(991		)		(992		)		(949		)		(949		)		(949		)
Less: Intangible assets, net	(787		)		(826		)		(712		)		(733		)		(704		)
Tangible common equity	$	12,554			$	12,545			$	12,535			$	12,299			$	12,062
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	337				340				337				299				282
Basel III - Common equity Tier 1 (fully phased-in)	$	12,891			$	12,885			$	12,872			$	12,598			$	12,344
Adjustment related to capital components during transition	146				154				263				273				266
Basel III - Common equity Tier I (transition)	$	13,037			$	13,039			$	13,135			$	12,871			$	12,610
RISK-BASED CAPITAL
Common equity Tier 1	$	13,037			$	13,039			$	13,135			$	12,871			$	12,610
Add: Allowance for loan losses includible in risk-based capital	985				954				994				923				890
Risk-based capital	$	14,022			$	13,993			$	14,129			$	13,794			$	13,500
ASSET MEASURES
Total average assets(2)	$	89,394			$	89,468			$	88,752			$	84,874			$	81,413
Adjustments for:
Disallowed goodwill, other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,325		)		(1,358		)		(1,059		)		(1,117		)		(1,113		)
Total assets for leverage purposes	$	88,069			$	88,110			$	87,693			$	83,757			$	80,300
Risk-weighted assets - Basel III (fully phased-in)(3)	$	74,748			$	72,596			$	75,941			$	70,448			$	68,462
Risk-weighted assets - Basel III (transition)(3)	$	74,792			$	72,627			$	76,179			$	70,660			$	68,188
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	18.02			$	17.71			$	17.37			$	16.94			$	16.45
Less: Goodwill	(1.25		)		(1.22		)		(1.16		)		(1.14		)		(1.14		)
Less: Intangible assets, net	(0.98		)		(1.02		)		(0.87		)		(0.90		)		(0.85		)
Tangible common equity per share	$	15.79			$	15.47			$	15.34			$	14.90			$	14.46
(1) Regulatory measures at June 30, 2017 are presented on an estimated basis.
(2) Total average assets are presented based upon the use of daily averages.
(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