Exhibit 99.1

SYNCHRONY FINANCIAL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(unaudited, $ in billions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table provides monthly charge-off and delinquency statistics as of and for each of the twelve months ended October 31, 2017. The increase in net charge-offs for the month ended October 31, 2017 was primarily due to credit normalization, as well as higher losses associated with hurricane-affected areas. We previously noted that the impact from the recent hurricanes could move our net charge-off rate for the year ended December 31, 2017 to the higher end of the low-5% range. We now believe that this will be the case. The Company’s expectations for the loan loss reserve build in the fourth quarter of 2017 remains unchanged, in the $275 million range, consistent with the outlook provided during the Company’s 3Q 2017 earnings conference call held on October 20, 2017.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Oct 31,
2017
 
Sep 30,
2017
 
Aug 31,
2017
 
Jul 31,
2017
 
Jun 30,
2017
 
May 31,
2017
 
Apr 30,
2017
 
Mar 31,
2017
 
Feb 28,
2017
 
Jan 31,
2017
 
Dec 31,
2016
 
Nov 30,
2016
 
Oct 31,
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end loan receivables
$
77.4

 
$
76.9

 
$
76.8

 
$
76.2

 
$
75.5

 
$
75.0

 
$
73.8

 
$
73.4

 
$
73.7

 
$
74.9

 
$
76.3

 
$
73.6

 
$
71.4

Average loan receivables, including held for sale
$
76.8

 
$
76.8

 
$
76.1

 
$
75.6

 
$
75.1

 
$
73.8

 
$
73.4

 
$
73.0

 
$
74.2

 
$
75.2

 
$
74.9

 
$
71.7

 
$
70.8

30+ days past due as a % of period-end loan receivables
4.9
 %
 
4.8
%
 
4.5
%
 
4.4
%
 
4.3
%
 
4.1
%
 
4.1
 %
 
4.3
%
 
4.5
%
 
4.4
 %
 
4.3
%
 
4.4
 %
 
4.4
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net charge-offs (annualized) as a % of average loan receivables, including held for sale
5.9
 %
 
4.8
%
 
5.0
%
 
5.0
%
 
5.0
%
 
5.5
%
 
5.7
 %
 
4.9
%
 
5.6
%
 
5.6
 %
 
4.2
%
 
5.1
 %
 
4.7
 %
Recovery adjustment(1)
(0.1
)%
 
—
%
 
—
%
 
0.1
%
 
0.1
%
 
0.1
%
 
(0.1
)%
 
0.3
%
 
—
%
 
(0.4
)%
 
0.3
%
 
(0.2
)%
 
(0.1
)%
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2)
5.8
 %
 
4.8
%
 
5.0
%
 
5.1
%
 
5.1
%
 
5.6
%
 
5.6
 %
 
5.2
%
 
5.6
%
 
5.2
 %
 
4.5
%
 
4.9
 %
 
4.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. The adjustments for periods other than for the last month of each calendar quarter incorporate estimated recoveries for the applicable full quarterly reporting period. Such estimates are subject to change within each applicable quarter and may differ from actual quarterly results.
(2) Adjusted net charge-offs represent a non-GAAP financial measure. Adjusted net charge-offs as a % of average loan receivables, including held for sale, represent the Company's net charge-off rate for each month including the 'recovery adjustment' defined above. We believe the presentation of this measure is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.



1

SYNCHRONY FINANCIAL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016 MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AS OF AND FOR EACH OF THE TWELVE MONTHS ENDED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(unaudited, $ in billions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dec 31,
2016
 
Nov 30,
2016
 
Oct 31,
2016
 
Sep 30,
2016
 
Aug 31,
2016
 
Jul 31,
2016
 
Jun 30,
2016
 
May 31,
2016
 
Apr 30,
2016
 
Mar 31,
2016
 
Feb 29,
2016
 
Jan 31,
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end loan receivables
$
76.3

 
$
73.6

 
$
71.4

 
$
70.6

 
$
70.1

 
$
69.1

 
$
68.3

 
$
67.4

 
$
66.2

 
$
65.8

 
$
65.7

 
$
67.0

Average loan receivables, including held for sale
$
74.9

 
$
71.7

 
$
70.8

 
$
70.3

 
$
69.2

 
$
68.5

 
$
67.6

 
$
66.3

 
$
65.7

 
$
65.3

 
$
66.1

 
$
67.2

30+ days past due as a % of period-end loan receivables
4.3
%
 
4.4
 %
 
4.4
 %
 
4.3
%
 
4.0
 %
 
3.9
%
 
3.8
 %
 
3.7
%
 
3.7
%
 
3.9
%
 
4.2
 %
 
4.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net charge-offs (annualized) as a % of average loan receivables, including held for sale
4.2
%
 
5.1
 %
 
4.7
 %
 
4.4
%
 
4.5
 %
 
4.3
%
 
4.6
 %
 
4.5
%
 
4.4
%
 
4.9
%
 
5.0
 %
 
4.4
%
Recovery adjustment(1)
0.3
%
 
(0.2
)%
 
(0.1
)%
 
—
%
 
(0.1
)%
 
0.1
%
 
(0.3
)%
 
0.2
%
 
0.1
%
 
—
%
 
(0.1
)%
 
—
%
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2)
4.5
%
 
4.9
 %
 
4.6
 %
 
4.4
%
 
4.4
 %
 
4.4
%
 
4.3
 %
 
4.7
%
 
4.5
%
 
4.9
%
 
4.9
 %
 
4.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period.
(2) Adjusted net charge-offs represent a non-GAAP financial measure. Adjusted net charge-offs as a % of average loan receivables, including held for sale, represent the Company's net charge-off rate for each month including the 'recovery adjustment' defined above. We believe the presentation of this measure is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.



2

SYNCHRONY FINANCIAL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2015 MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AS OF AND FOR EACH OF THE TWELVE MONTHS ENDED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(unaudited, $ in billions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dec 31,
2015
 
Nov 30,
2015
 
Oct 31,
2015
 
Sep 30,
2015
 
Aug 31,
2015
 
Jul 31,
2015
 
Jun 30,
2015
 
May 31,
2015
 
Apr 30,
2015
 
Mar 31,
2015
 
Feb 28,
2015
 
Jan 31,
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end loan receivables
$
68.3

 
$
65.8

 
$
64.0

 
$
63.5

 
$
63.0

 
$
62.1

 
$
61.4

 
$
60.9

 
$
58.7

 
$
58.2

 
$
58.3

 
$
59.9

Average loan receivables, including held for sale
$
67.1

 
$
64.3

 
$
63.6

 
$
63.0

 
$
62.3

 
$
61.6

 
$
61.2

 
$
59.9

 
$
58.7

 
$
58.1

 
$
59.4

 
$
60.7

30+ days past due as a % of period-end loan receivables
4.1
 %
 
4.2
 %
 
4.1
%
 
4.0
 %
 
3.8
%
 
3.6
%
 
3.5
%
 
3.5
%
 
3.5
 %
 
3.8
%
 
4.1
%
 
4.2
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net charge-offs (annualized) as a % of average loan receivables, including held for sale
4.5
 %
 
4.9
 %
 
3.4
%
 
4.7
 %
 
3.8
%
 
3.6
%
 
4.4
%
 
4.5
%
 
5.0
 %
 
4.6
%
 
4.8
%
 
4.4
 %
Recovery adjustment(1)
(0.1
)%
 
(0.3
)%
 
0.4
%
 
(0.5
)%
 
0.1
%
 
0.4
%
 
—
%
 
0.1
%
 
(0.1
)%
 
0.3
%
 
—
%
 
(0.4
)%
Adjusted net charge-offs as a % of average loan receivables, including held for sale(2)
4.4
 %
 
4.6
 %
 
3.8
%
 
4.2
 %
 
3.9
%
 
4.0
%
 
4.4
%
 
4.6
%
 
4.9
 %
 
4.9
%
 
4.8
%
 
4.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period.
(2) Adjusted net charge-offs represent a non-GAAP financial measure. Adjusted net charge-offs as a % of average loan receivables, including held for sale, represent the Company's net charge-off rate for each month including the 'recovery adjustment' defined above. We believe the presentation of this measure is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.



3