Exhibit



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 thirteen months ended November 30, 2018. The increase in over-30 day loan delinquencies as a percentage of period-end loan receivables (the “30+ delinquency rate”) at November 30, 2018 compared to the prior year period, is primarily due to the inclusion of the acquired U.S. PayPal Credit financing program. Excluding the impact from the U.S. PayPal Credit financing program, the 30+ delinquency rate improved compared to the prior year. There is no change to the Company's expectations for both our net charge-off rate for the year ended December 31, 2018 and our loan loss reserve build in the fourth quarter of 2018 from the outlook provided during the Company’s 3Q 2018 earnings conference call held on October 19, 2018.


	Nov 30, 2018			Oct 31, 2018			Sep 30, 2018			Aug 31, 2018			Jul 31, 2018			Jun 30, 2018			May 31, 2018			Apr 30, 2018			Mar 31, 2018			Feb 28, 2018			Jan 31, 2018			Dec 31, 2017			Nov 30, 2017

Period-end loan receivables	$	90.5		$	88.2		$	87.5		$	87.4		$	87.1		$	78.9		$	78.7		$	77.6		$	77.9		$	78.4		$	80.1		$	81.9		$	79.5
Average loan receivables, including held for sale	$	88.6		$	87.3		$	87.4		$	86.9		$	86.1		$	78.5		$	77.7		$	77.4		$	77.6		$	79.1		$	80.6		$	80.6		$	77.7
30+ days past due as a % of period-end loan receivables	4.9		%	4.8		%	4.6		%	4.3		%	4.1		%	4.2		%	4.2		%	4.3		%	4.5		%	4.9		%	4.8		%	4.7		%	4.8		%

Net charge-offs (annualized) as a % of average loan receivables, including held for sale⁽¹⁾	5.5		%	5.3		%	4.9		%	4.8		%	5.2		%	5.8		%	5.9		%	6.3		%	5.8		%	6.7		%	6.0		%	5.5		%	5.9		%
Recovery adjustment⁽²⁾	0.1		%	—		%	(0.1		)%	0.1		%	—		%	(0.1		)%	—		%	0.1		%	0.1		%	—		%	(0.1		)%	0.2		%	(0.1		)%
Adjusted net charge-offs as a % of average loan receivables, including held for sale⁽³⁾	5.6		%	5.3		%	4.8		%	4.9		%	5.2		%	5.7		%	5.9		%	6.4		%	5.9		%	6.7		%	5.9		%	5.7		%	5.8		%

(1) Charge-offs are executed on charge-off cycle dates which occur on various days during each calendar month. The number of different charge-off cycle dates in each month varies based on such factors as the calendar and the timing of billing cycles. As a result, the amount of charged-off loan receivables can vary between monthly periods with no corresponding change in the performance of the portfolio. The following table sets forth the number of different charge-off cycle dates for our consumer credit card loan receivables, which represent greater than 95% of total period-end loan receivables at November 30, 2018, for the calendar months indicated.
	2017			2018
January	30			29
February	28			28
March	28			25
April	28			30
May	29			28
June	27			26
July	28			30
August	28			28
September	26			28
October	30			29
November	28			27
December	28			28
(2) 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.
(3) 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.