Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				1Q'18 vs. 1Q'17
EARNINGS
Net interest income	$	3,842			$	3,916			$	3,876			$	3,637			$	3,587			$	255		7.1	%
Retailer share arrangements	(720		)		(779		)		(805		)		(669		)		(684		)		(36		)	5.3	%
Net interest income, after retailer share arrangements	3,122				3,137				3,071				2,968				2,903				219			7.5	%
Provision for loan losses	1,362				1,354				1,310				1,326				1,306				56			4.3	%
Net interest income, after retailer share arrangements and provision for loan losses	1,760				1,783				1,761				1,642				1,597				163			10.2	%
Other income	75				62				76				57				93				(18		)	(19.4	)%
Other expense	988				970				958				911				908				80			8.8	%
Earnings before provision for income taxes	847				875				879				788				782				65			8.3	%
Provision for income taxes	207				490				324				292				283				(76		)	(26.9	)%
Net earnings	$	640			$	385			$	555			$	496			$	499			$	141		28.3	%
Net earnings attributable to common stockholders	$	640			$	385			$	555			$	496			$	499			$	141		28.3	%
Adjusted net earnings(1)	$	640			$	545			$	555			$	496			$	499			$	141		28.3	%
COMMON SHARE STATISTICS
Basic EPS	$	0.84			$	0.49			$	0.70			$	0.62			$	0.61			$	0.23		37.7	%
Diluted EPS	$	0.83			$	0.49			$	0.70			$	0.61			$	0.61			$	0.22		36.1	%
Adjusted diluted EPS(1)	$	0.83			$	0.70			$	0.70			$	0.61			$	0.61			$	0.22		36.1	%
Dividend declared per share	$	0.15			$	0.15			$	0.15			$	0.13			$	0.13			$	0.02		15.4	%
Common stock price	$	33.53			$	38.61			$	31.05			$	29.82			$	34.30			$	(0.77	)	(2.2	)%
Book value per share	$	18.88			$	18.47			$	18.40			$	18.02			$	17.71			$	1.17		6.6	%
Tangible common equity per share(1)	$	16.55			$	16.22			$	16.15			$	15.79			$	15.47			$	1.08		7.0	%
Beginning common shares outstanding	770.5				782.6				795.3				810.8				817.4				(46.9		)	(5.7	)%
Issuance of common shares	—				—				—				—				—				—			—	%
Stock-based compensation	0.2				0.1				0.1				0.2				—				0.2			NM
Shares repurchased	(10.4		)		(12.2		)		(12.8		)		(15.7		)		(6.6		)		(3.8		)	57.6	%
Ending common shares outstanding	760.3				770.5				782.6				795.3				810.8				(50.5		)	(6.2	)%
Weighted average common shares outstanding	763.7				778.7				787.3				804.0				813.1				(49.4		)	(6.1	)%
Weighted average common shares outstanding (fully diluted)	770.3				784.0				790.9				807.4				817.1				(46.8		)	(5.7	)%
(1) Adjusted net earnings and Adjusted diluted EPS are non-GAAP measures. These measures represent the corresponding GAAP measure, adjusted to exclude the effects to Provision for income taxes in the quarter ended December 31, 2017, resulting from the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). The effects primarily relate to additional tax expense arising from the remeasurement of our net deferred tax asset to reflect the reduction in the U.S. corporate tax rate from 35% to 21%. For a corresponding reconciliation to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(2) 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
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				1Q'18 vs. 1Q'17
PERFORMANCE METRICS
Return on assets(1)	2.7		%		1.6		%		2.4		%		2.2		%		2.3		%					0.4	%
Return on equity(2)	18.2		%		10.5		%		15.3		%		13.8		%		14.1		%					4.1	%
Return on tangible common equity(3)	20.7		%		12.0		%		17.4		%		15.7		%		16.1		%					4.6	%
Adjusted return on assets(4)	2.7		%		2.3		%		2.4		%		2.2		%		2.3		%					0.4	%
Adjusted return on equity(4)	18.2		%		14.9		%		15.3		%		13.8		%		14.1		%					4.1	%
Adjusted return on tangible common equity(5)	20.7		%		17.0		%		17.4		%		15.7		%		16.1		%					4.6	%
Net interest margin(6)	16.05		%		16.24		%		16.74		%		16.20		%		16.18		%					(0.13	)%
Efficiency ratio(7)	30.9		%		30.3		%		30.4		%		30.1		%		30.3		%					0.6	%
Other expense as a % of average loan receivables, including held for sale	5.07		%		4.91		%		4.99		%		4.93		%		4.97		%					0.10	%
Effective income tax rate	24.4		%		56.0		%		36.9		%		37.1		%		36.2		%					(11.8	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	6.14		%		5.78		%		4.95		%		5.42		%		5.33		%					0.81	%
30+ days past due as a % of period-end loan receivables(8)	4.52		%		4.67		%		4.80		%		4.25		%		4.25		%					0.27	%
90+ days past due as a % of period-end loan receivables(8)	2.28		%		2.28		%		2.22		%		1.90		%		2.06		%					0.22	%
Net charge-offs	$	1,198			$	1,141			$	950			$	1,001			$	974			$	224		23.0	%
Loan receivables delinquent over 30 days(8)	$	3,521			$	3,831			$	3,694			$	3,208			$	3,120			$	401		12.9	%
Loan receivables delinquent over 90 days(8)	$	1,776			$	1,869			$	1,707			$	1,435			$	1,508			$	268		17.8	%
Allowance for loan losses (period-end)	$	5,738			$	5,574			$	5,361			$	5,001			$	4,676			$	1,062		22.7	%
Allowance coverage ratio(9)	7.37		%		6.80		%		6.97		%		6.63		%		6.37		%					1.00	%
BUSINESS METRICS
Purchase volume(10)	$	29,626			$	36,565			$	32,893			$	33,476			$	28,880			$	746		2.6	%
Period-end loan receivables	$	77,853			$	81,947			$	76,928			$	75,458			$	73,350			$	4,503		6.1	%
Credit cards	$	74,952			$	79,026			$	73,946			$	72,492			$	70,587			$	4,365		6.2	%
Consumer installment loans	$	1,590			$	1,578			$	1,561			$	1,514			$	1,411			$	179		12.7	%
Commercial credit products	$	1,275			$	1,303			$	1,384			$	1,386			$	1,311			$	(36	)	(2.7	)%
Other	$	36			$	40			$	37			$	66			$	41			$	(5	)	(12.2	)%
Average loan receivables, including held for sale	$	79,090			$	78,369			$	76,165			$	74,090			$	74,132			$	4,958		6.7	%
Period-end active accounts (in thousands)(11)	68,891				74,541				69,008				69,277				67,905				986			1.5	%
Average active accounts (in thousands)(11)	71,323				71,348				69,331				68,635				69,629				1,694			2.4	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	13,044			$	11,602			$	13,915			$	12,020			$	11,392			$	1,652		14.5	%
Total liquid assets	$	18,557			$	15,087			$	16,391			$	15,274			$	16,158			$	2,399		14.8	%
Undrawn credit facilities
Undrawn credit facilities	$	6,000			$	6,000			$	5,650			$	6,650			$	5,600			$	400		7.1	%
Total liquid assets and undrawn credit facilities	$	24,557			$	21,087			$	22,041			$	21,924			$	21,758			$	2,799		12.9	%
Liquid assets % of total assets	19.42		%		15.75		%		17.71		%		16.76		%		18.14		%					1.28	%
Liquid assets including undrawn credit facilities % of total assets	25.70		%		22.01		%		23.82		%		24.06		%		24.43		%					1.27	%
(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) Adjusted return on assets represents Adjusted net earnings as a percentage of average total assets. Adjusted return on equity represents Adjusted net earnings as a percentage of average total equity. Adjusted net earnings is a non-GAAP measure. For a corresponding reconciliation of Adjusted net earnings to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(5) Adjusted return on tangible common equity represents Adjusted net earnings as a percentage of average tangible common equity. Both Adjusted net earnings and tangible common equity are non-GAAP measures. For corresponding reconciliations to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(6) Net interest margin represents net interest income divided by average interest-earning assets.
(7) Efficiency ratio represents (i) other expense, divided by (ii) net interest income, after retailer share arrangements, plus other income.
(8) Based on customer statement-end balances extrapolated to the respective period-end date.
(9) Allowance coverage ratio represents allowance for loan losses divided by total period-end loan receivables.
(10) 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.
(11) 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
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				1Q'18 vs. 1Q'17
Interest income:
Interest and fees on loans	$	4,172			$	4,233			$	4,182			$	3,927			$	3,877			$	295		7.6	%
Interest on investment securities	72				58				51				43				36				36			100.0	%
Total interest income	4,244				4,291				4,233				3,970				3,913				331			8.5	%
Interest expense:
Interest on deposits	249				233				219				202				194				55			28.4	%
Interest on borrowings of consolidated securitization entities	74				70				65				63				65				9			13.8	%
Interest on third-party debt	79				72				73				68				67				12			17.9	%
Total interest expense	402				375				357				333				326				76			23.3	%
Net interest income	3,842				3,916				3,876				3,637				3,587				255			7.1	%
Retailer share arrangements	(720		)		(779		)		(805		)		(669		)		(684		)		(36		)	5.3	%
Net interest income, after retailer share arrangements	3,122				3,137				3,071				2,968				2,903				219			7.5	%
Provision for loan losses	1,362				1,354				1,310				1,326				1,306				56			4.3	%
Net interest income, after retailer share arrangements and provision for loan losses	1,760				1,783				1,761				1,642				1,597				163			10.2	%
Other income:
Interchange revenue	158				179				164				165				145				13			9.0	%
Debt cancellation fees	66				69				67				68				68				(2		)	(2.9	)%
Loyalty programs	(155		)		(193		)		(168		)		(206		)		(137		)		(18		)	13.1	%
Other	6				7				13				30				17				(11		)	(64.7	)%
Total other income	75				62				76				57				93				(18		)	(19.4	)%
Other expense:
Employee costs(1)	358				330				333				318				323				35			10.8	%
Professional fees	166				159				161				158				151				15			9.9	%
Marketing and business development	121				156				124				124				94				27			28.7	%
Information processing	104				99				96				88				90				14			15.6	%
Other(1)	239				226				244				223				250				(11		)	(4.4	)%
Total other expense	988				970				958				911				908				80			8.8	%
Earnings before provision for income taxes	847				875				879				788				782				65			8.3	%
Provision for income taxes	207				490				324				292				283				(76		)	(26.9	)%
Net earnings attributable to common shareholders	$	640			$	385			$	555			$	496			$	499			$	141		28.3	%
(1) We have reclassified certain amounts within Employee costs to Other for all periods in 2017 to conform to the current period classifications.

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SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
	Quarter Ended
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				Mar 31, 2018 vs. Mar 31, 2017
Assets
Cash and equivalents	$	13,044			$	11,602			$	13,915			$	12,020			$	11,392			$	1,652		14.5	%
Debt securities	6,259				4,473				3,302				3,982				5,313				946			17.8	%
Loan receivables:
Unsecuritized loans held for investment	52,469				55,526				53,997				52,550				50,398				2,071			4.1	%
Restricted loans of consolidated securitization entities	25,384				26,421				22,931				22,908				22,952				2,432			10.6	%
Total loan receivables	77,853				81,947				76,928				75,458				73,350				4,503			6.1	%
Less: Allowance for loan losses	(5,738		)		(5,574		)		(5,361		)		(5,001		)		(4,676		)		(1,062		)	22.7	%
Loan receivables, net	72,115				76,373				71,567				70,457				68,674				3,441			5.0	%
Goodwill	991				991				991				991				992				(1		)	(0.1	)%
Intangible assets, net	780				749				772				787				826				(46		)	(5.6	)%
Other assets	2,370				1,620				2,001				2,903				1,853				517			27.9	%
Total assets	$	95,559			$	95,808			$	92,548			$	91,140			$	89,050			$	6,509		7.3	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	56,285			$	56,276			$	54,232			$	52,659			$	51,359			$	4,926		9.6	%
Non-interest-bearing deposit accounts	285				212				222				226				246				39			15.9	%
Total deposits	56,570				56,488				54,454				52,885				51,605				4,965			9.6	%
Borrowings:
Borrowings of consolidated securitization entities	12,214				12,497				11,891				12,204				12,433				(219		)	(1.8	)%
Senior unsecured notes	8,801				8,302				8,008				8,505				7,761				1,040			13.4	%
Total borrowings	21,015				20,799				19,899				20,709				20,194				821			4.1	%
Accrued expenses and other liabilities	3,618				4,287				3,793				3,214				2,888				730			25.3	%
Total liabilities	81,203				81,574				78,146				76,808				74,687				6,516			8.7	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,470				9,445				9,429				9,415				9,405				65			0.7	%
Retained earnings	7,334				6,809				6,543				6,109				5,724				1,610			28.1	%
Accumulated other comprehensive income:	(86		)		(64		)		(40		)		(49		)		(55		)		(31		)	56.4	%
Treasury Stock	(2,363		)		(1,957		)		(1,531		)		(1,144		)		(712		)		(1,651		)	NM
Total equity	14,356				14,234				14,402				14,332				14,363				(7		)	(0.0)%
Total liabilities and equity	$	95,559			$	95,808			$	92,548			$	91,140			$	89,050			$	6,509		7.3	%

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Quarter Ended
	Mar 31, 2018											Dec 31, 2017											Sep 30, 2017											Jun 30, 2017											Mar 31, 2017
					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	$	12,434			$	47			1.53	%		$	13,591			$	43			1.26	%		$	11,895			$	37			1.23	%		$	10,758			$	28			1.04	%		$	10,552			$	21			0.81	%
Securities available for sale	5,584				25				1.82	%		3,725				15				1.60	%		3,792				14				1.46	%		5,195				15				1.16	%		5,213				15				1.17	%
Loan receivables:
Credit cards, including held for sale	76,181				4,099				21.82	%		75,389				4,161				21.90	%		73,172				4,111				22.29	%		71,206				3,858				21.73	%		71,365				3,811				21.66	%
Consumer installment loans	1,572				36				9.29	%		1,568				36				9.11	%		1,543				35				9.00	%		1,461				34				9.33	%		1,389				32				9.34	%
Commercial credit products	1,286				36				11.35	%		1,375				35				10.10	%		1,392				36				10.26	%		1,378				34				9.90	%		1,317				34				10.47	%
Other	51				1				NM			37				1				NM			58				—				—	%		45				1				NM			61				—				—	%
Total loan receivables, including held for sale	79,090				4,172				21.39	%		78,369				4,233				21.43	%		76,165				4,182				21.78	%		74,090				3,927				21.26	%		74,132				3,877				21.21	%
Total interest-earning assets	97,108				4,244				17.72	%		95,685				4,291				17.79	%		91,852				4,233				18.28	%		90,043				3,970				17.68	%		89,897				3,913				17.65	%
Non-interest-earning assets:
Cash and due from banks	1,197											1,037											877											829											802
Allowance for loan losses	(5,608		)									(5,443		)									(5,125		)									(4,781		)									(4,408		)
Other assets	3,010											3,219											3,517											3,303											3,177
Total non-interest-earning assets	(1,401		)									(1,187		)									(731		)									(649		)									(429		)
Total assets	$	95,707										$	94,498										$	91,121										$	89,394										$	89,468
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	56,356			$	249			1.79	%		$	55,690			$	233			1.66	%		$	53,294			$	219			1.63	%		$	51,836			$	202			1.56	%		$	51,829			$	194			1.52	%
Borrowings of consolidated securitization entities	12,410				74				2.42	%		12,425				70				2.24	%		11,759				65				2.19	%		12,213				63				2.07	%		12,321				65				2.14	%
Senior unsecured notes	8,795				79				3.64	%		7,940				72				3.60	%		8,251				73				3.51	%		7,933				68				3.44	%		7,760				67				3.50	%
Total interest-bearing liabilities	77,561				402				2.10	%		76,055				375				1.96	%		73,304				357				1.93	%		71,982				333				1.86	%		71,910				326				1.84	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	300											218											232											218											240
Other liabilities	3,570											3,716											3,154											2,752											2,995
Total non-interest-bearing liabilities	3,870											3,934											3,386											2,970											3,235
Total liabilities	81,431											79,989											76,690											74,952											75,145
Equity
Total equity	14,276											14,509											14,431											14,442											14,323
Total liabilities and equity	$	95,707										$	94,498										$	91,121										$	89,394										$	89,468
Net interest income					$	3,842										$	3,916										$	3,876										$	3,637										$	3,587
Interest rate spread(1)									15.62	%										15.83	%										16.35	%										15.82	%										15.81	%
Net interest margin(2)									16.05	%										16.24	%										16.74	%										16.20	%										16.18	%
(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
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				Mar 31, 2018 vs. Mar 31, 2017
BALANCE SHEET STATISTICS
Total common equity	$	14,356			$	14,234			$	14,402			$	14,332			$	14,363			$	(7	)	(0.0)%
Total common equity as a % of total assets	15.02		%		14.86		%		15.56		%		15.73		%		16.13		%					(1.11	)%
Tangible assets	$	93,788			$	94,068			$	90,785			$	89,362			$	87,232			$	6,556		7.5	%
Tangible common equity(1)	$	12,585			$	12,494			$	12,639			$	12,554			$	12,545			$	40		0.3	%
Tangible common equity as a % of tangible assets(1)	13.42		%		13.28		%		13.92		%		14.05		%		14.38		%					(0.96	)%
Tangible common equity per share(1)	$	16.55			$	16.22			$	16.15			$	15.79			$	15.47			$	1.08		7.0	%
REGULATORY CAPITAL RATIOS(2)
	Basel III Fully Phased-in(3)				Basel III Transition
Total risk-based capital ratio(4)	18.1		%		17.3		%		18.7		%		18.7		%		19.3		%
Tier 1 risk-based capital ratio(5)	16.8		%		16.0		%		17.3		%		17.4		%		18.0		%
Tier 1 leverage ratio(6)	13.7		%		13.8		%		14.6		%		14.8		%		14.8		%
Common equity Tier 1 capital ratio	16.8		%		16.0		%		17.3		%		17.4		%		18.0		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio	16.8		%		15.8		%		17.2		%		17.2		%		17.7		%
(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 March 31, 2018 are preliminary and therefore subject to change.
(3) Amounts presented do not reflect certain modifications to the regulatory capital rules proposed by the federal banking agencies in September 2017, which among other things, may increase the risk weighting of certain deferred tax assets from 100% to 250% if the proposed rule becomes effective.
(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. Tier 1 leverage ratios are based upon the use of daily averages for all periods presented.

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SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
	Quarter Ended
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				1Q'18 vs. 1Q'17
RETAIL CARD
Purchase volume(1)(2)	$	23,382			$	29,839			$	26,347			$	27,101			$	22,952			$	430		1.9	%
Period-end loan receivables	$	52,531			$	56,230			$	52,119			$	51,437			$	49,905			$	2,626		5.3	%
Average loan receivables, including held for sale	$	53,673			$	53,256			$	51,817			$	50,533			$	50,644			$	3,029		6.0	%
Average active accounts (in thousands)(2)(3)	55,927				56,113				54,471				54,058				55,049				878			1.6	%
Interest and fees on loans(2)	$	3,096			$	3,133			$	3,102			$	2,900			$	2,888			$	208		7.2	%
Other income(2)	$	65			$	49			$	61			$	25			$	77			$	(12	)	(15.6	)%
Retailer share arrangements(2)	$	(714	)		$	(771	)		$	(795	)		$	(657	)		$	(681	)		$	(33	)	4.8	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	3,823			$	4,366			$	4,178			$	3,930			$	3,686			$	137		3.7	%
Period-end loan receivables	$	16,513			$	16,857			$	16,153			$	15,595			$	15,320			$	1,193		7.8	%
Average loan receivables	$	16,629			$	16,386			$	15,848			$	15,338			$	15,424			$	1,205		7.8	%
Average active accounts (in thousands)(3)	9,545				9,421				9,183				9,031				9,090				455			5.0	%
Interest and fees on loans	$	562			$	574			$	559			$	533			$	515			$	47		9.1	%
Other income	$	2			$	2			$	2			$	6			$	4			$	(2	)	(50.0	)%
Retailer share arrangements	$	(4	)		$	(5	)		$	(9	)		$	(9	)		$	(1	)		$	(3	)	NM
CARECREDIT
Purchase volume(1)	$	2,421			$	2,360			$	2,368			$	2,445			$	2,242			$	179		8.0	%
Period-end loan receivables	$	8,809			$	8,860			$	8,656			$	8,426			$	8,125			$	684		8.4	%
Average loan receivables	$	8,788			$	8,727			$	8,500			$	8,219			$	8,064			$	724		9.0	%
Average active accounts (in thousands)(3)	5,851				5,814				5,677				5,546				5,490				361			6.6	%
Interest and fees on loans	$	514			$	526			$	521			$	494			$	474			$	40		8.4	%
Other income	$	8			$	11			$	13			$	26			$	12			$	(4	)	(33.3	)%
Retailer share arrangements	$	(2	)		$	(3	)		$	(1	)		$	(3	)		$	(2	)		$	—		—	%
TOTAL SYF
Purchase volume(1)(2)	$	29,626			$	36,565			$	32,893			$	33,476			$	28,880			$	746		2.6	%
Period-end loan receivables	$	77,853			$	81,947			$	76,928			$	75,458			$	73,350			$	4,503		6.1	%
Average loan receivables, including held for sale	$	79,090			$	78,369			$	76,165			$	74,090			$	74,132			$	4,958		6.7	%
Average active accounts (in thousands)(2)(3)	71,323				71,348				69,331				68,635				69,629				1,694			2.4	%
Interest and fees on loans(2)	$	4,172			$	4,233			$	4,182			$	3,927			$	3,877			$	295		7.6	%
Other income(2)	$	75			$	62			$	76			$	57			$	93			$	(18	)	(19.4	)%
Retailer share arrangements(2)	$	(720	)		$	(779	)		$	(805	)		$	(669	)		$	(684	)		$	(36	)	5.3	%
(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)
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Mar 31, 2017
COMMON EQUITY MEASURES
GAAP Total common equity	$	14,356			$	14,234			$	14,402			$	14,332			$	14,363
Less: Goodwill	(991		)		(991		)		(991		)		(991		)		(992		)
Less: Intangible assets, net	(780		)		(749		)		(772		)		(787		)		(826		)
Tangible common equity	$	12,585			$	12,494			$	12,639			$	12,554			$	12,545
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	278				254				344				337				340
Basel III - Common equity Tier 1 (fully phased-in)	$	12,863			$	12,748			$	12,983			$	12,891			$	12,885
Adjustment related to capital components during transition					142				142				146				154
Basel III - Common equity Tier 1 (transition)					$	12,890			$	13,125			$	13,037			$	13,039
RISK-BASED CAPITAL
Common equity Tier 1	$	12,863			$	12,890			$	13,125			$	13,037			$	13,039
Add: Allowance for loan losses includible in risk-based capital	1,015				1,064				1,001				985				954
Risk-based capital	$	13,878			$	13,954			$	14,126			$	14,022			$	13,993
ASSET MEASURES
Total average assets	$	95,707			$	94,498			$	91,121			$	89,394			$	89,468
Adjustments for:
Disallowed goodwill and other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,560		)		(1,392		)		(1,304		)		(1,325		)		(1,358		)
Total assets for leverage purposes	$	94,147			$	93,106			$	89,817			$	88,069			$	88,110
Risk-weighted assets - Basel III (fully phased-in)	$	76,509			$	80,526			$	75,614			$	74,748			$	72,596
Risk-weighted assets - Basel III (transition)					$	80,669			$	75,729			$	74,792			$	72,627
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	18.88			$	18.47			$	18.40			$	18.02			$	17.71
Less: Goodwill	(1.30		)		(1.29		)		(1.27		)		(1.25		)		(1.22		)
Less: Intangible assets, net	(1.03		)		(0.96		)		(0.98		)		(0.98		)		(1.02		)
Tangible common equity per share	$	16.55			$	16.22			$	16.15			$	15.79			$	15.47
ADJUSTED NET EARNINGS
GAAP net earnings	$	640			$	385			$	555			$	496			$	499
Adjustment for tax law change(2)	—				160				—				—				—
Adjusted net earnings	$	640			$	545			$	555			$	496			$	499
ADJUSTED DILUTED EPS
GAAP diluted EPS	$	0.83			$	0.49			$	0.70			$	0.61			$	0.61
Adjustment for tax law change(2)	—				0.21				—				—				—
Adjusted diluted EPS	$	0.83			$	0.70			$	0.70			$	0.61			$	0.61
(1) Regulatory measures at March 31, 2018 are presented on an estimated basis.
(2) Adjustment to exclude the effects to Provision for income taxes in the quarter ended December 31, 2017, resulting from the Tax Act.

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