Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Six Months Ended
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				2Q'18 vs. 2Q'17						Jun 30, 2018				Jun 30, 2017				YTD'18 vs. YTD'17
EARNINGS
Net interest income	$	3,737			$	3,842			$	3,916			$	3,876			$	3,637			$	100		2.7	%		$	7,579			$	7,224			$	355		4.9	%
Retailer share arrangements	(653		)		(720		)		(779		)		(805		)		(669		)		16			(2.4	)%		(1,373		)		(1,353		)		(20		)	1.5	%
Net interest income, after retailer share arrangements	3,084				3,122				3,137				3,071				2,968				116			3.9	%		6,206				5,871				335			5.7	%
Provision for loan losses	1,280				1,362				1,354				1,310				1,326				(46		)	(3.5	)%		2,642				2,632				10			0.4	%
Net interest income, after retailer share arrangements and provision for loan losses	1,804				1,760				1,783				1,761				1,642				162			9.9	%		3,564				3,239				325			10.0	%
Other income	63				75				62				76				57				6			10.5	%		138				150				(12		)	(8.0	)%
Other expense	975				988				970				958				911				64			7.0	%		1,963				1,819				144			7.9	%
Earnings before provision for income taxes	892				847				875				879				788				104			13.2	%		1,739				1,570				169			10.8	%
Provision for income taxes	196				207				490				324				292				(96		)	(32.9	)%		403				575				(172		)	(29.9	)%
Net earnings	$	696			$	640			$	385			$	555			$	496			$	200		40.3	%		$	1,336			$	995			$	341		34.3	%
Net earnings attributable to common stockholders	$	696			$	640			$	385			$	555			$	496			$	200		40.3	%		$	1,336			$	995			$	341		34.3	%
Adjusted net earnings(1)	$	696			$	640			$	545			$	555			$	496			$	200		40.3	%		$	1,336			$	995			$	341		34.3	%
COMMON SHARE STATISTICS
Basic EPS	$	0.93			$	0.84			$	0.49			$	0.70			$	0.62			$	0.31		50.0	%		$	1.76			$	1.23			$	0.53		43.1	%
Diluted EPS	$	0.92			$	0.83			$	0.49			$	0.70			$	0.61			$	0.31		50.8	%		$	1.75			$	1.23			$	0.52		42.3	%
Adjusted diluted EPS(1)	$	0.92			$	0.83			$	0.70			$	0.70			$	0.61			$	0.31		50.8	%		$	1.75			$	1.23			$	0.52		42.3	%
Dividend declared per share	$	0.15			$	0.15			$	0.15			$	0.15			$	0.13			$	0.02		15.4	%		$	0.30			$	0.26			$	0.04		15.4	%
Common stock price	$	33.38			$	33.53			$	38.61			$	31.05			$	29.82			$	3.56		11.9	%		$	33.38			$	29.82			$	3.56		11.9	%
Book value per share	$	19.37			$	18.88			$	18.47			$	18.40			$	18.02			$	1.35		7.5	%		$	19.37			$	18.02			$	1.35		7.5	%
Tangible common equity per share(2)	$	16.84			$	16.55			$	16.22			$	16.15			$	15.79			$	1.05		6.6	%		$	16.84			$	15.79			$	1.05		6.6	%
Beginning common shares outstanding	760.3				770.5				782.6				795.3				810.8				(50.5		)	(6.2	)%		770.5				817.4				(46.9		)	(5.7	)%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	0.3				0.2				0.1				0.1				0.2				0.1			50.0	%		0.5				0.2				0.3			150.0	%
Shares repurchased	(14.0		)		(10.4		)		(12.2		)		(12.8		)		(15.7		)		1.7			(10.8	)%		(24.4		)		(22.3		)		(2.1		)	9.4	%
Ending common shares outstanding	746.6				760.3				770.5				782.6				795.3				(48.7		)	(6.1	)%		746.6				795.3				(48.7		)	(6.1	)%
Weighted average common shares outstanding	752.2				763.7				778.7				787.3				804.0				(51.8		)	(6.4	)%		757.9				808.5				(50.6		)	(6.3	)%
Weighted average common shares outstanding (fully diluted)	758.3				770.3				784.0				790.9				807.4				(49.1		)	(6.1	)%		764.3				812.2				(47.9		)	(5.9	)%
(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																										Six Months Ended
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				2Q'18 vs. 2Q'17						Jun 30, 2018				Jun 30, 2017				YTD'18 vs. YTD'17
PERFORMANCE METRICS
Return on assets(1)	2.9		%		2.7		%		1.6		%		2.4		%		2.2		%					0.7	%		2.8		%		2.2		%					0.6	%
Return on equity(2)	19.4		%		18.2		%		10.5		%		15.3		%		13.8		%					5.6	%		18.8		%		14.0		%					4.8	%
Return on tangible common equity(3)	22.1		%		20.7		%		12.0		%		17.4		%		15.7		%					6.4	%		21.5		%		15.9		%					5.6	%
Adjusted return on assets(4)	2.9		%		2.7		%		2.3		%		2.4		%		2.2		%					0.7	%		2.8		%		2.2		%					0.6	%
Adjusted return on equity(4)	19.4		%		18.2		%		14.9		%		15.3		%		13.8		%					5.6	%		18.8		%		14.0		%					4.8	%
Adjusted return on tangible common equity(5)	22.1		%		20.7		%		17.0		%		17.4		%		15.7		%					6.4	%		21.5		%		15.9		%					5.6	%
Net interest margin(6)	15.33		%		16.05		%		16.24		%		16.74		%		16.20		%					(0.87	)%		15.69		%		16.19		%					(0.50	)%
Efficiency ratio(7)	31.0		%		30.9		%		30.3		%		30.4		%		30.1		%					0.9	%		30.9		%		30.2		%					0.7	%
Other expense as a % of average loan receivables, including held for sale	5.02		%		5.07		%		4.91		%		4.99		%		4.93		%					0.09	%		5.04		%		4.95		%					0.09	%
Effective income tax rate	22.0		%		24.4		%		56.0		%		36.9		%		37.1		%					(15.1	)%		23.2		%		36.6		%					(13.4	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	5.97		%		6.14		%		5.78		%		4.95		%		5.42		%					0.55	%		6.06		%		5.37		%					0.69	%
30+ days past due as a % of period-end loan receivables(8)	4.17		%		4.52		%		4.67		%		4.80		%		4.25		%					(0.08	)%		4.17		%		4.25		%					(0.08	)%
90+ days past due as a % of period-end loan receivables(8)	1.98		%		2.28		%		2.28		%		2.22		%		1.90		%					0.08	%		1.98		%		1.90		%					0.08	%
Net charge-offs	$	1,159			$	1,198			$	1,141			$	950			$	1,001			$	158		15.8	%		$	2,357			$	1,975			$	382		19.3	%
Loan receivables delinquent over 30 days(8)	$	3,293			$	3,521			$	3,831			$	3,694			$	3,208			$	85		2.6	%		$	3,293			$	3,208			$	85		2.6	%
Loan receivables delinquent over 90 days(8)	$	1,561			$	1,776			$	1,869			$	1,707			$	1,435			$	126		8.8	%		$	1,561			$	1,435			$	126		8.8	%
Allowance for loan losses (period-end)	$	5,859			$	5,738			$	5,574			$	5,361			$	5,001			$	858		17.2	%		$	5,859			$	5,001			$	858		17.2	%
Allowance coverage ratio(9)	7.43		%		7.37		%		6.80		%		6.97		%		6.63		%					0.80	%		7.43		%		6.63		%					0.80	%
BUSINESS METRICS
Purchase volume(10)	$	34,268			$	29,626			$	36,565			$	32,893			$	33,476			$	792		2.4	%		$	63,894			$	62,356			$	1,538		2.5	%
Period-end loan receivables	$	78,879			$	77,853			$	81,947			$	76,928			$	75,458			$	3,421		4.5	%		$	78,879			$	75,458			$	3,421		4.5	%
Credit cards	$	75,753			$	74,952			$	79,026			$	73,946			$	72,492			$	3,261		4.5	%		$	75,753			$	72,492			$	3,261		4.5	%
Consumer installment loans	$	1,708			$	1,590			$	1,578			$	1,561			$	1,514			$	194		12.8	%		$	1,708			$	1,514			$	194		12.8	%
Commercial credit products	$	1,356			$	1,275			$	1,303			$	1,384			$	1,386			$	(30	)	(2.2	)%		$	1,356			$	1,386			$	(30	)	(2.2	)%
Other	$	62			$	36			$	40			$	37			$	66			$	(4	)	(6.1	)%		$	62			$	66			$	(4	)	(6.1	)%
Average loan receivables, including held for sale	$	77,853			$	79,090			$	78,369			$	76,165			$	74,090			$	3,763		5.1	%		$	78,468			$	74,111			$	4,357		5.9	%
Period-end active accounts (in thousands)(11)	69,767				68,891				74,541				69,008				69,277				490			0.7	%		69,767				69,277				490			0.7	%
Average active accounts (in thousands)(11)	69,344				71,323				71,348				69,331				68,635				709			1.0	%		70,540				69,307				1,233			1.8	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	15,675			$	13,044			$	11,602			$	13,915			$	12,020			$	3,655		30.4	%		$	15,675			$	12,020			$	3,655		30.4	%
Total liquid assets	$	21,491			$	18,557			$	15,087			$	16,391			$	15,274			$	6,217		40.7	%		$	21,491			$	15,274			$	6,217		40.7	%
Undrawn credit facilities
Undrawn credit facilities	$	6,500			$	6,000			$	6,000			$	5,650			$	6,650			$	(150	)	(2.3	)%		$	6,500			$	6,650			$	(150	)	(2.3	)%
Total liquid assets and undrawn credit facilities	$	27,991			$	24,557			$	21,087			$	22,041			$	21,924			$	6,067		27.7	%		$	27,991			$	21,924			$	6,067		27.7	%
Liquid assets % of total assets	21.68		%		19.42		%		15.75		%		17.71		%		16.76		%					4.92	%		21.68		%		16.76		%					4.92	%
Liquid assets including undrawn credit facilities % of total assets	28.24		%		25.70		%		22.01		%		23.82		%		24.06		%					4.18	%		28.24		%		24.06		%					4.18	%
(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																										Six Months Ended
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				2Q'18 vs. 2Q'17						Jun 30, 2018				Jun 30, 2017				YTD'18 vs. YTD'17
Interest income:
Interest and fees on loans	$	4,081			$	4,172			$	4,233			$	4,182			$	3,927			$	154		3.9	%		$	8,253			$	7,804			$	449		5.8	%
Interest on investment securities	93				72				58				51				43				50			116.3	%		165				79				86			108.9	%
Total interest income	4,174				4,244				4,291				4,233				3,970				204			5.1	%		8,418				7,883				535			6.8	%
Interest expense:
Interest on deposits	273				249				233				219				202				71			35.1	%		522				396				126			31.8	%
Interest on borrowings of consolidated securitization entities	80				74				70				65				63				17			27.0	%		154				128				26			20.3	%
Interest on third-party debt	84				79				72				73				68				16			23.5	%		163				135				28			20.7	%
Total interest expense	437				402				375				357				333				104			31.2	%		839				659				180			27.3	%
Net interest income	3,737				3,842				3,916				3,876				3,637				100			2.7	%		7,579				7,224				355			4.9	%
Retailer share arrangements	(653		)		(720		)		(779		)		(805		)		(669		)		16			(2.4	)%		(1,373		)		(1,353		)		(20		)	1.5	%
Net interest income, after retailer share arrangements	3,084				3,122				3,137				3,071				2,968				116			3.9	%		6,206				5,871				335			5.7	%
Provision for loan losses	1,280				1,362				1,354				1,310				1,326				(46		)	(3.5	)%		2,642				2,632				10			0.4	%
Net interest income, after retailer share arrangements and provision for loan losses	1,804				1,760				1,783				1,761				1,642				162			9.9	%		3,564				3,239				325			10.0	%
Other income:
Interchange revenue	177				158				179				164				165				12			7.3	%		335				310				25			8.1	%
Debt cancellation fees	66				66				69				67				68				(2		)	(2.9	)%		132				136				(4		)	(2.9	)%
Loyalty programs	(192		)		(155		)		(193		)		(168		)		(206		)		14			(6.8	)%		(347		)		(343		)		(4		)	1.2	%
Other	12				6				7				13				30				(18		)	(60.0	)%		18				47				(29		)	(61.7	)%
Total other income	63				75				62				76				57				6			10.5	%		138				150				(12		)	(8.0	)%
Other expense:
Employee costs(1)	351				358				330				333				318				33			10.4	%		709				641				68			10.6	%
Professional fees	177				166				159				161				158				19			12.0	%		343				309				34			11.0	%
Marketing and business development	110				121				156				124				124				(14		)	(11.3	)%		231				218				13			6.0	%
Information processing	99				104				99				96				88				11			12.5	%		203				178				25			14.0	%
Other(1)	238				239				226				244				223				15			6.7	%		477				473				4			0.8	%
Total other expense	975				988				970				958				911				64			7.0	%		1,963				1,819				144			7.9	%
Earnings before provision for income taxes	892				847				875				879				788				104			13.2	%		1,739				1,570				169			10.8	%
Provision for income taxes	196				207				490				324				292				(96		)	(32.9	)%		403				575				(172		)	(29.9	)%
Net earnings attributable to common shareholders	$	696			$	640			$	385			$	555			$	496			$	200		40.3	%		$	1,336			$	995			$	341		34.3	%
(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
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Jun 30, 2018 vs. Jun 30, 2017
Assets
Cash and equivalents	$	15,675			$	13,044			$	11,602			$	13,915			$	12,020			$	3,655		30.4	%
Debt securities	6,779				6,259				4,473				3,302				3,982				2,797			70.2	%
Loan receivables:
Unsecuritized loans held for investment	50,884				52,469				55,526				53,997				52,550				(1,666		)	(3.2	)%
Restricted loans of consolidated securitization entities	27,995				25,384				26,421				22,931				22,908				5,087			22.2	%
Total loan receivables	78,879				77,853				81,947				76,928				75,458				3,421			4.5	%
Less: Allowance for loan losses	(5,859		)		(5,738		)		(5,574		)		(5,361		)		(5,001		)		(858		)	17.2	%
Loan receivables, net	73,020				72,115				76,373				71,567				70,457				2,563			3.6	%
Goodwill	1,024				991				991				991				991				33			3.3	%
Intangible assets, net	863				780				749				772				787				76			9.7	%
Other assets	1,761				2,370				1,620				2,001				2,903				(1,142		)	(39.3	)%
Total assets	$	99,122			$	95,559			$	95,808			$	92,548			$	91,140			$	7,982		8.8	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	58,734			$	56,285			$	56,276			$	54,232			$	52,659			$	6,075		11.5	%
Non-interest-bearing deposit accounts	277				285				212				222				226				51			22.6	%
Total deposits	59,011				56,570				56,488				54,454				52,885				6,126			11.6	%
Borrowings:
Borrowings of consolidated securitization entities	12,170				12,214				12,497				11,891				12,204				(34		)	(0.3	)%
Senior unsecured notes	9,551				8,801				8,302				8,008				8,505				1,046			12.3	%
Total borrowings	21,721				21,015				20,799				19,899				20,709				1,012			4.9	%
Accrued expenses and other liabilities	3,932				3,618				4,287				3,793				3,214				718			22.3	%
Total liabilities	84,664				81,203				81,574				78,146				76,808				7,856			10.2	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,486				9,470				9,445				9,429				9,415				71			0.8	%
Retained earnings	7,906				7,334				6,809				6,543				6,109				1,797			29.4	%
Accumulated other comprehensive income:	(93		)		(86		)		(64		)		(40		)		(49		)		(44		)	89.8	%
Treasury Stock	(2,842		)		(2,363		)		(1,957		)		(1,531		)		(1,144		)		(1,698		)	148.4	%
Total equity	14,458				14,356				14,234				14,402				14,332				126			0.9	%
Total liabilities and equity	$	99,122			$	95,559			$	95,808			$	92,548			$	91,140			$	7,982		8.8	%

4

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Quarter Ended
	Jun 30, 2018											Mar 31, 2018											Dec 31, 2017											Sep 30, 2017											Jun 30, 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	$	13,097			$	59			1.81	%		$	12,434			$	47			1.53	%		$	13,591			$	43			1.26	%		$	11,895			$	37			1.23	%		$	10,758			$	28			1.04	%
Securities available for sale	6,803				34				2.00	%		5,584				25				1.82	%		3,725				15				1.60	%		3,792				14				1.46	%		5,195				15				1.16	%
Loan receivables:
Credit cards, including held for sale	74,809				4,010				21.50	%		76,181				4,099				21.82	%		75,389				4,161				21.90	%		73,172				4,111				22.29	%		71,206				3,858				21.73	%
Consumer installment loans	1,648				37				9.01	%		1,572				36				9.29	%		1,568				36				9.11	%		1,543				35				9.00	%		1,461				34				9.33	%
Commercial credit products	1,346				34				10.13	%		1,286				36				11.35	%		1,375				35				10.10	%		1,392				36				10.26	%		1,378				34				9.90	%
Other	50				—				—	%		51				1				NM			37				1				NM			58				—				—	%		45				1				NM
Total loan receivables, including held for sale	77,853				4,081				21.03	%		79,090				4,172				21.39	%		78,369				4,233				21.43	%		76,165				4,182				21.78	%		74,090				3,927				21.26	%
Total interest-earning assets	97,753				4,174				17.13	%		97,108				4,244				17.72	%		95,685				4,291				17.79	%		91,852				4,233				18.28	%		90,043				3,970				17.68	%
Non-interest-earning assets:
Cash and due from banks	1,161											1,197											1,037											877											829
Allowance for loan losses	(5,768		)									(5,608		)									(5,443		)									(5,125		)									(4,781		)
Other assets	3,068											3,010											3,219											3,517											3,303
Total non-interest-earning assets	(1,539		)									(1,401		)									(1,187		)									(731		)									(649		)
Total assets	$	96,214										$	95,707										$	94,498										$	91,121										$	89,394
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	57,303			$	273			1.91	%		$	56,356			$	249			1.79	%		$	55,690			$	233			1.66	%		$	53,294			$	219			1.63	%		$	51,836			$	202			1.56	%
Borrowings of consolidated securitization entities	11,821				80				2.71	%		12,410				74				2.42	%		12,425				70				2.24	%		11,759				65				2.19	%		12,213				63				2.07	%
Senior unsecured notes	9,114				84				3.70	%		8,795				79				3.64	%		7,940				72				3.60	%		8,251				73				3.51	%		7,933				68				3.44	%
Total interest-bearing liabilities	78,238				437				2.24	%		77,561				402				2.10	%		76,055				375				1.96	%		73,304				357				1.93	%		71,982				333				1.86	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	270											300											218											232											218
Other liabilities	3,299											3,570											3,716											3,154											2,752
Total non-interest-bearing liabilities	3,569											3,870											3,934											3,386											2,970
Total liabilities	81,807											81,431											79,989											76,690											74,952
Equity
Total equity	14,407											14,276											14,509											14,431											14,442
Total liabilities and equity	$	96,214										$	95,707										$	94,498										$	91,121										$	89,394
Net interest income					$	3,737										$	3,842										$	3,916										$	3,876										$	3,637
Interest rate spread(1)									14.89	%										15.62	%										15.83	%										16.35	%										15.82	%
Net interest margin(2)									15.33	%										16.05	%										16.24	%										16.74	%										16.20	%
(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.

5

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Six Months Ended Jun 30, 2018											Six Months Ended Jun 30, 2017
					Interest				Average							Interest				Average
	Average				Income/				Yield/			Average				Income/				Yield/
	Balance				Expense				Rate			Balance				Expense				Rate
Assets
Interest-earning assets:
Interest-earning cash and equivalents	$	12,768			$	106			1.67	%		$	10,656			$	49			0.93	%
Securities available for sale	6,197				59				1.92	%		5,204				30				1.16	%
Loan receivables:
Credit cards, including held for sale	75,492				8,109				21.66	%		71,285				7,669				21.69	%
Consumer installment loans	1,610				73				9.14	%		1,425				66				9.34	%
Commercial credit products	1,316				70				10.73	%		1,348				68				10.17	%
Other	50				1				4.03	%		53				1				3.80	%
Total loan receivables, including held for sale	78,468				8,253				21.21	%		74,111				7,804				21.23	%
Total interest-earning assets	97,433				8,418				17.42	%		89,971				7,883				17.67	%
Non-interest-earning assets:
Cash and due from banks	1,179											816
Allowance for loan losses	(5,689		)									(4,595		)
Other assets	3,039											3,239
Total non-interest-earning assets	(1,471		)									(540		)
Total assets	$	95,962										$	89,431
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	56,832			$	522			1.85	%		$	51,833			$	396			1.54	%
Borrowings of consolidated securitization entities	12,114				154				2.56	%		12,267				128				2.10	%
Senior unsecured notes	8,955				163				3.67	%		7,847				135				3.47	%
Total interest-bearing liabilities	77,901				839				2.17	%		71,947				659				1.85	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	285											229
Other liabilities	3,434											2,872
Total non-interest-bearing liabilities	3,719											3,101
Total liabilities	81,620											75,048
Equity
Total equity	14,342											14,383
Total liabilities and equity	$	95,962										$	89,431
Net interest income					$	7,579										$	7,224
Interest rate spread(1)									15.25	%										15.82	%
Net interest margin(2)									15.69	%										16.19	%
(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.

6

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SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
	Quarter Ended
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				Jun 30, 2018 vs. Jun 30, 2017
BALANCE SHEET STATISTICS
Total common equity	$	14,458			$	14,356			$	14,234			$	14,402			$	14,332			$	126		0.9	%
Total common equity as a % of total assets	14.59		%		15.02		%		14.86		%		15.56		%		15.73		%					(1.14	)%
Tangible assets	$	97,235			$	93,788			$	94,068			$	90,785			$	89,362			$	7,873		8.8	%
Tangible common equity(1)	$	12,571			$	12,585			$	12,494			$	12,639			$	12,554			$	17		0.1	%
Tangible common equity as a % of tangible assets(1)	12.93		%		13.42		%		13.28		%		13.92		%		14.05		%					(1.12	)%
Tangible common equity per share(1)	$	16.84			$	16.55			$	16.22			$	16.15			$	15.79			$	1.05		6.6	%
REGULATORY CAPITAL RATIOS(2)
	Basel III Fully Phased-in(3)								Basel III Transition
Total risk-based capital ratio(4)	18.0		%		18.1		%		17.3		%		18.7		%		18.7		%
Tier 1 risk-based capital ratio(5)	16.6		%		16.8		%		16.0		%		17.3		%		17.4		%
Tier 1 leverage ratio(6)	13.6		%		13.7		%		13.8		%		14.6		%		14.8		%
Common equity Tier 1 capital ratio	16.6		%		16.8		%		16.0		%		17.3		%		17.4		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio	16.6		%		16.8		%		15.8		%		17.2		%		17.2		%
(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, 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.

7

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SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
	Quarter Ended																										Six Months Ended
	Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017				2Q'18 vs. 2Q'17						Jun 30, 2018				Jun 30, 2017				YTD'18 vs. YTD'17
RETAIL CARD
Purchase volume(1)(2)	$	27,340			$	23,382			$	29,839			$	26,347			$	27,101			$	239		0.9	%		$	50,722			$	50,053			$	669		1.3	%
Period-end loan receivables	$	52,918			$	52,531			$	56,230			$	52,119			$	51,437			$	1,481		2.9	%		$	52,918			$	51,437			$	1,481		2.9	%
Average loan receivables, including held for sale	$	52,427			$	53,673			$	53,256			$	51,817			$	50,533			$	1,894		3.7	%		$	53,047			$	50,588			$	2,459		4.9	%
Average active accounts (in thousands)(2)(3)	54,092				55,927				56,113				54,471				54,058				34			0.1	%		55,211				54,729				482			0.9	%
Interest and fees on loans(2)	$	2,993			$	3,096			$	3,133			$	3,102			$	2,900			$	93		3.2	%		$	6,089			$	5,788			$	301		5.2	%
Other income(2)	$	48			$	65			$	49			$	61			$	25			$	23		92.0	%		$	113			$	102			$	11		10.8	%
Retailer share arrangements(2)	$	(644	)		$	(714	)		$	(771	)		$	(795	)		$	(657	)		$	13		(2.0	)%		$	(1,358	)		$	(1,338	)		$	(20	)	1.5	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	4,288			$	3,823			$	4,366			$	4,178			$	3,930			$	358		9.1	%		$	8,111			$	7,616			$	495		6.5	%
Period-end loan receivables	$	16,875			$	16,513			$	16,857			$	16,153			$	15,595			$	1,280		8.2	%		$	16,875			$	15,595			$	1,280		8.2	%
Average loan receivables	$	16,562			$	16,629			$	16,386			$	15,848			$	15,338			$	1,224		8.0	%		$	16,595			$	15,381			$	1,214		7.9	%
Average active accounts (in thousands)(3)	9,433				9,545				9,421				9,183				9,031				402			4.5	%		9,492				9,061				431			4.8	%
Interest and fees on loans	$	566			$	562			$	574			$	559			$	533			$	33		6.2	%		$	1,128			$	1,048			$	80		7.6	%
Other income	$	4			$	2			$	2			$	2			$	6			$	(2	)	(33.3	)%		$	6			$	10			$	(4	)	(40.0	)%
Retailer share arrangements	$	(7	)		$	(4	)		$	(5	)		$	(9	)		$	(9	)		$	2		(22.2	)%		$	(11	)		$	(10	)		$	(1	)	10.0	%
CARECREDIT
Purchase volume(1)	$	2,640			$	2,421			$	2,360			$	2,368			$	2,445			$	195		8.0	%		$	5,061			$	4,687			$	374		8.0	%
Period-end loan receivables	$	9,086			$	8,809			$	8,860			$	8,656			$	8,426			$	660		7.8	%		$	9,086			$	8,426			$	660		7.8	%
Average loan receivables	$	8,864			$	8,788			$	8,727			$	8,500			$	8,219			$	645		7.8	%		$	8,826			$	8,142			$	684		8.4	%
Average active accounts (in thousands)(3)	5,819				5,851				5,814				5,677				5,546				273			4.9	%		5,837				5,517				320			5.8	%
Interest and fees on loans	$	522			$	514			$	526			$	521			$	494			$	28		5.7	%		$	1,036			$	968			$	68		7.0	%
Other income	$	11			$	8			$	11			$	13			$	26			$	(15	)	(57.7	)%		$	19			$	38			$	(19	)	(50.0	)%
Retailer share arrangements	$	(2	)		$	(2	)		$	(3	)		$	(1	)		$	(3	)		$	1		(33.3	)%		$	(4	)		$	(5	)		$	1		(20.0	)%
TOTAL SYF
Purchase volume(1)(2)	$	34,268			$	29,626			$	36,565			$	32,893			$	33,476			$	792		2.4	%		$	63,894			$	62,356			$	1,538		2.5	%
Period-end loan receivables	$	78,879			$	77,853			$	81,947			$	76,928			$	75,458			$	3,421		4.5	%		$	78,879			$	75,458			$	3,421		4.5	%
Average loan receivables, including held for sale	$	77,853			$	79,090			$	78,369			$	76,165			$	74,090			$	3,763		5.1	%		$	78,468			$	74,111			$	4,357		5.9	%
Average active accounts (in thousands)(2)(3)	69,344				71,323				71,348				69,331				68,635				709			1.0	%		70,540				69,307				1,233			1.8	%
Interest and fees on loans(2)	$	4,081			$	4,172			$	4,233			$	4,182			$	3,927			$	154		3.9	%		$	8,253			$	7,804			$	449		5.8	%
Other income(2)	$	63			$	75			$	62			$	76			$	57			$	6		10.5	%		$	138			$	150			$	(12	)	(8.0	)%
Retailer share arrangements(2)	$	(653	)		$	(720	)		$	(779	)		$	(805	)		$	(669	)		$	16		(2.4	)%		$	(1,373	)		$	(1,353	)		$	(20	)	1.5	%
(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.

8

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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, 2018				Mar 31, 2018				Dec 31, 2017				Sep 30, 2017				Jun 30, 2017
COMMON EQUITY MEASURES
GAAP Total common equity	$	14,458			$	14,356			$	14,234			$	14,402			$	14,332
Less: Goodwill	(1,024		)		(991		)		(991		)		(991		)		(991		)
Less: Intangible assets, net	(863		)		(780		)		(749		)		(772		)		(787		)
Tangible common equity	$	12,571			$	12,585			$	12,494			$	12,639			$	12,554
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	287				278				254				344				337
Basel III - Common equity Tier 1 (fully phased-in)	$	12,858			$	12,863			$	12,748			$	12,983			$	12,891
Adjustment related to capital components during transition									142				142				146
Basel III - Common equity Tier 1 (transition)									$	12,890			$	13,125			$	13,037
RISK-BASED CAPITAL
Common equity Tier 1	$	12,858			$	12,863			$	12,890			$	13,125			$	13,037
Add: Allowance for loan losses includible in risk-based capital	1,027				1,015				1,064				1,001				985
Risk-based capital	$	13,885			$	13,878			$	13,954			$	14,126			$	14,022
ASSET MEASURES
Total average assets	$	96,214			$	95,707			$	94,498			$	91,121			$	89,394
Adjustments for:
Disallowed goodwill and other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,670		)		(1,560		)		(1,392		)		(1,304		)		(1,325		)
Total assets for leverage purposes	$	94,544			$	94,147			$	93,106			$	89,817			$	88,069
Risk-weighted assets - Basel III (fully phased-in)	$	77,322			$	76,509			$	80,526			$	75,614			$	74,748
Risk-weighted assets - Basel III (transition)									$	80,669			$	75,729			$	74,792
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	19.37			$	18.88			$	18.47			$	18.40			$	18.02
Less: Goodwill	(1.37		)		(1.30		)		(1.29		)		(1.27		)		(1.25		)
Less: Intangible assets, net	(1.16		)		(1.03		)		(0.96		)		(0.98		)		(0.98		)
Tangible common equity per share	$	16.84			$	16.55			$	16.22			$	16.15			$	15.79
ADJUSTED NET EARNINGS
GAAP net earnings	$	696			$	640			$	385			$	555			$	496
Adjustment for tax law change(2)	—				—				160				—				—
Adjusted net earnings	$	696			$	640			$	545			$	555			$	496
ADJUSTED DILUTED EPS
GAAP diluted EPS	$	0.92			$	0.83			$	0.49			$	0.70			$	0.61
Adjustment for tax law change(2)	—				—				0.21				—				—
Adjusted diluted EPS	$	0.92			$	0.83			$	0.70			$	0.70			$	0.61
(1) Regulatory measures at June 30, 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.

9