Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended																										Twelve Months Ended
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				4Q'18 vs. 4Q'17						Dec 31, 2018				Dec 31, 2017				YTD'18 vs. YTD'17
EARNINGS
Net interest income	$	4,333			$	4,206			$	3,737			$	3,842			$	3,916			$	417		10.6	%		$	16,118			$	15,016			$	1,102		7.3	%
Retailer share arrangements	(855		)		(871		)		(653		)		(720		)		(779		)		(76		)	9.8	%		(3,099		)		(2,937		)		(162		)	5.5	%
Net interest income, after retailer share arrangements	3,478				3,335				3,084				3,122				3,137				341			10.9	%		13,019				12,079				940			7.8	%
Provision for loan losses	1,452				1,451				1,280				1,362				1,354				98			7.2	%		5,545				5,296				249			4.7	%
Net interest income, after retailer share arrangements and provision for loan losses	2,026				1,884				1,804				1,760				1,783				243			13.6	%		7,474				6,783				691			10.2	%
Other income	64				63				63				75				62				2			3.2	%		265				288				(23		)	(8.0	)%
Other expense	1,078				1,054				975				988				970				108			11.1	%		4,095				3,747				348			9.3	%
Earnings before provision for income taxes	1,012				893				892				847				875				137			15.7	%		3,644				3,324				320			9.6	%
Provision for income taxes	229				222				196				207				490				(261		)	(53.3	)%		854				1,389				(535		)	(38.5	)%
Net earnings	$	783			$	671			$	696			$	640			$	385			$	398		103.4	%		$	2,790			$	1,935			$	855		44.2	%
Net earnings attributable to common stockholders	$	783			$	671			$	696			$	640			$	385			$	398		103.4	%		$	2,790			$	1,935			$	855		44.2	%
Adjusted net earnings(1)	$	783			$	671			$	696			$	640			$	545			$	238		43.7	%		$	2,790			$	2,095			$	695		33.2	%
COMMON SHARE STATISTICS
Basic EPS	$	1.09			$	0.91			$	0.93			$	0.84			$	0.49			$	0.60		122.4	%		$	3.76			$	2.43			$	1.33		54.7	%
Diluted EPS	$	1.09			$	0.91			$	0.92			$	0.83			$	0.49			$	0.60		122.4	%		$	3.74			$	2.42			$	1.32		54.5	%
Adjusted diluted EPS(1)	$	1.09			$	0.91			$	0.92			$	0.83			$	0.70			$	0.39		55.7	%		$	3.74			$	2.62			$	1.12		42.7	%
Dividend declared per share	$	0.21			$	0.21			$	0.15			$	0.15			$	0.15			$	0.06		40.0	%		$	0.72			$	0.56			$	0.16		28.6	%
Common stock price	$	23.46			$	31.08			$	33.38			$	33.53			$	38.61			$	(15.15	)	(39.2	)%		$	23.46			$	38.61			$	(15.15	)	(39.2	)%
Book value per share	$	20.42			$	19.47			$	19.37			$	18.88			$	18.47			$	1.95		10.6	%		$	20.42			$	18.47			$	1.95		10.6	%
Tangible common equity per share(2)	$	17.41			$	16.51			$	16.84			$	16.55			$	16.22			$	1.19		7.3	%		$	17.41			$	16.22			$	1.19		7.3	%
Beginning common shares outstanding	718.7				746.6				760.3				770.5				782.6				(63.9		)	(8.2	)%		770.5				817.4				(46.9		)	(5.7	)%
Issuance of common shares	—				—				—				—				—				—			—	%		—				—				—			—	%
Stock-based compensation	0.1				2.4				0.3				0.2				0.1				—			—	%		3.0				0.4				2.6			NM
Shares repurchased	—				(30.3		)		(14.0		)		(10.4		)		(12.2		)		12.2			(100.0	)%		(54.7		)		(47.3		)		(7.4		)	15.6	%
Ending common shares outstanding	718.8				718.7				746.6				760.3				770.5				(51.7		)	(6.7	)%		718.8				770.5				(51.7		)	(6.7	)%
Weighted average common shares outstanding	718.7				734.9				752.2				763.7				778.7				(60.0		)	(7.7	)%		742.3				795.6				(53.3		)	(6.7	)%
Weighted average common shares outstanding (fully diluted)	720.9				738.8				758.3				770.3				784.0				(63.1		)	(8.0	)%		746.9				799.7				(52.8		)	(6.6	)%
(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.

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SYNCHRONY FINANCIAL
SELECTED METRICS
(unaudited, $ in millions, except account data)
	Quarter Ended																										Twelve Months Ended
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				4Q'18 vs. 4Q'17						Dec 31, 2018				Dec 31, 2017				YTD'18 vs. YTD'17
PERFORMANCE METRICS
Return on assets(1)	2.9		%		2.7		%		2.9		%		2.7		%		1.6		%					1.3	%		2.8		%		2.1		%					0.7	%
Return on equity(2)	21.5		%		18.5		%		19.4		%		18.2		%		10.5		%					11.0	%		19.4		%		13.4		%					6.0	%
Return on tangible common equity(3)	25.2		%		21.5		%		22.1		%		20.7		%		12.0		%					13.2	%		22.4		%		15.3		%					7.1	%
Adjusted return on assets(4)	2.9		%		2.7		%		2.9		%		2.7		%		2.3		%					0.6	%		2.8		%		2.3		%					0.5	%
Adjusted return on equity(4)	21.5		%		18.5		%		19.4		%		18.2		%		14.9		%					6.6	%		19.4		%		14.5		%					4.9	%
Adjusted return on tangible common equity(5)	25.2		%		21.5		%		22.1		%		20.7		%		17.0		%					8.2	%		22.4		%		16.6		%					5.8	%
Net interest margin(6)	16.06		%		16.41		%		15.33		%		16.05		%		16.24		%					(0.18	)%		15.97		%		16.35		%					(0.38	)%
Efficiency ratio(7)	30.4		%		31.0		%		31.0		%		30.9		%		30.3		%					0.1	%		30.8		%		30.3		%					0.5	%
Other expense as a % of average loan receivables, including held for sale	4.79		%		4.82		%		5.02		%		5.07		%		4.91		%					(0.12	)%		4.92		%		4.95		%					(0.03	)%
Effective income tax rate	22.6		%		24.9		%		22.0		%		24.4		%		56.0		%					(33.4	)%		23.4		%		41.8		%					(18.4	)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	5.54		%		4.97		%		5.97		%		6.14		%		5.78		%					(0.24	)%		5.63		%		5.37		%					0.26	%
30+ days past due as a % of period-end loan receivables(8)	4.76		%		4.59		%		4.17		%		4.52		%		4.67		%					0.09	%		4.76		%		4.67		%					0.09	%
90+ days past due as a % of period-end loan receivables(8)	2.29		%		2.09		%		1.98		%		2.28		%		2.28		%					0.01	%		2.29		%		2.28		%					0.01	%
Net charge-offs	$	1,248			$	1,087			$	1,159			$	1,198			$	1,141			$	107		9.4	%		$	4,692			$	4,066			$	626		15.4	%
Loan receivables delinquent over 30 days(8)	$	4,430			$	4,021			$	3,293			$	3,521			$	3,831			$	599		15.6	%		$	4,430			$	3,831			$	599		15.6	%
Loan receivables delinquent over 90 days(8)	$	2,135			$	1,833			$	1,561			$	1,776			$	1,869			$	266		14.2	%		$	2,135			$	1,869			$	266		14.2	%
Allowance for loan losses (period-end)	$	6,427			$	6,223			$	5,859			$	5,738			$	5,574			$	853		15.3	%		$	6,427			$	5,574			$	853		15.3	%
Allowance coverage ratio(9)	6.90		%		7.11		%		7.43		%		7.37		%		6.80		%					0.10	%		6.90		%		6.80		%					0.10	%
BUSINESS METRICS
Purchase volume(10)	$	40,320			$	36,443			$	34,268			$	29,626			$	36,565			$	3,755		10.3	%		$	140,657			$	131,814			$	8,843		6.7	%
Period-end loan receivables	$	93,139			$	87,521			$	78,879			$	77,853			$	81,947			$	11,192		13.7	%		$	93,139			$	81,947			$	11,192		13.7	%
Credit cards	$	89,994			$	84,319			$	75,753			$	74,952			$	79,026			$	10,968		13.9	%		$	89,994			$	79,026			$	10,968		13.9	%
Consumer installment loans	$	1,845			$	1,789			$	1,708			$	1,590			$	1,578			$	267		16.9	%		$	1,845			$	1,578			$	267		16.9	%
Commercial credit products	$	1,260			$	1,353			$	1,356			$	1,275			$	1,303			$	(43	)	(3.3	)%		$	1,260			$	1,303			$	(43	)	(3.3	)%
Other	$	40			$	60			$	62			$	36			$	40			$	—		—	%		$	40			$	40			$	—		—	%
Average loan receivables, including held for sale	$	89,340			$	86,783			$	77,853			$	79,090			$	78,369			$	10,971		14.0	%		$	83,304			$	75,702			$	7,602		10.0	%
Period-end active accounts (in thousands)(11)	80,339				75,457				69,767				68,891				74,541				5,798			7.8	%		80,339				74,541				5,798			7.8	%
Average active accounts (in thousands)(11)	77,382				75,482				69,344				71,323				71,348				6,034			8.5	%		73,847				69,968				3,879			5.5	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	9,396			$	12,068			$	15,675			$	13,044			$	11,602			$	(2,206	)	(19.0	)%		$	9,396			$	11,602			$	(2,206	)	(19.0	)%
Total liquid assets	$	14,822			$	18,214			$	21,491			$	18,557			$	15,087			$	(265	)	(1.8	)%		$	14,822			$	15,087			$	(265	)	(1.8	)%
Undrawn credit facilities
Undrawn credit facilities	$	4,375			$	5,125			$	6,500			$	6,000			$	6,000			$	(1,625	)	(27.1	)%		$	4,375			$	6,000			$	(1,625	)	(27.1	)%
Total liquid assets and undrawn credit facilities	$	19,197			$	23,339			$	27,991			$	24,557			$	21,087			$	(1,890	)	(9.0	)%		$	19,197			$	21,087			$	(1,890	)	(9.0	)%
Liquid assets % of total assets	13.88		%		17.42		%		21.68		%		19.42		%		15.75		%					(1.87	)%		13.88		%		15.75		%					(1.87	)%
Liquid assets including undrawn credit facilities % of total assets	17.98		%		22.32		%		28.24		%		25.70		%		22.01		%					(4.03	)%		17.98		%		22.01		%					(4.03	)%
(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																										Twelve Months Ended
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				4Q'18 vs. 4Q'17						Dec 31, 2018				Dec 31, 2017				YTD'18 vs. YTD'17
Interest income:
Interest and fees on loans	$	4,774			$	4,617			$	4,081			$	4,172			$	4,233			$	541		12.8	%		$	17,644			$	16,219			$	1,425		8.8	%
Interest on investment securities	102				77				93				72				58				44			75.9	%		344				188				156			83.0	%
Total interest income	4,876				4,694				4,174				4,244				4,291				585			13.6	%		17,988				16,407				1,581			9.6	%
Interest expense:
Interest on deposits	350				314				273				249				233				117			50.2	%		1,186				848				338			39.9	%
Interest on borrowings of consolidated securitization entities	104				86				80				74				70				34			48.6	%		344				263				81			30.8	%
Interest on third-party debt	89				88				84				79				72				17			23.6	%		340				280				60			21.4	%
Total interest expense	543				488				437				402				375				168			44.8	%		1,870				1,391				479			34.4	%
Net interest income	4,333				4,206				3,737				3,842				3,916				417			10.6	%		16,118				15,016				1,102			7.3	%
Retailer share arrangements	(855		)		(871		)		(653		)		(720		)		(779		)		(76		)	9.8	%		(3,099		)		(2,937		)		(162		)	5.5	%
Net interest income, after retailer share arrangements	3,478				3,335				3,084				3,122				3,137				341			10.9	%		13,019				12,079				940			7.8	%
Provision for loan losses	1,452				1,451				1,280				1,362				1,354				98			7.2	%		5,545				5,296				249			4.7	%
Net interest income, after retailer share arrangements and provision for loan losses	2,026				1,884				1,804				1,760				1,783				243			13.6	%		7,474				6,783				691			10.2	%
Other income:
Interchange revenue	193				182				177				158				179				14			7.8	%		710				653				57			8.7	%
Debt cancellation fees	70				65				66				66				69				1			1.4	%		267				272				(5		)	(1.8	)%
Loyalty programs	(208		)		(196		)		(192		)		(155		)		(193		)		(15		)	7.8	%		(751		)		(704		)		(47		)	6.7	%
Other	9				12				12				6				7				2			28.6	%		39				67				(28		)	(41.8	)%
Total other income	64				63				63				75				62				2			3.2	%		265				288				(23		)	(8.0	)%
Other expense:
Employee costs(1)	353				365				351				358				330				23			7.0	%		1,427				1,304				123			9.4	%
Professional fees	231				232				177				166				159				72			45.3	%		806				629				177			28.1	%
Marketing and business development	166				131				110				121				156				10			6.4	%		528				498				30			6.0	%
Information processing	118				105				99				104				99				19			19.2	%		426				373				53			14.2	%
Other(1)	210				221				238				239				226				(16		)	(7.1	)%		908				943				(35		)	(3.7	)%
Total other expense	1,078				1,054				975				988				970				108			11.1	%		4,095				3,747				348			9.3	%
Earnings before provision for income taxes	1,012				893				892				847				875				137			15.7	%		3,644				3,324				320			9.6	%
Provision for income taxes	229				222				196				207				490				(261		)	(53.3	)%		854				1,389				(535		)	(38.5	)%
Net earnings attributable to common stockholders	$	783			$	671			$	696			$	640			$	385			$	398		103.4	%		$	2,790			$	1,935			$	855		44.2	%
(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
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Dec 31, 2018 vs. Dec 31, 2017
Assets
Cash and equivalents	$	9,396			$	12,068			$	15,675			$	13,044			$	11,602			$	(2,206	)	(19.0	)%
Debt securities	6,062				7,281				6,779				6,259				4,473				1,589			35.5	%
Loan receivables:
Unsecuritized loans held for investment	64,969				59,868				50,884				52,469				55,526				9,443			17.0	%
Restricted loans of consolidated securitization entities	28,170				27,653				27,995				25,384				26,421				1,749			6.6	%
Total loan receivables	93,139				87,521				78,879				77,853				81,947				11,192			13.7	%
Less: Allowance for loan losses	(6,427		)		(6,223		)		(5,859		)		(5,738		)		(5,574		)		(853		)	15.3	%
Loan receivables, net	86,712				81,298				73,020				72,115				76,373				10,339			13.5	%
Goodwill	1,024				1,024				1,024				991				991				33			3.3	%
Intangible assets, net	1,137				1,105				863				780				749				388			51.8	%
Other assets	2,461				1,769				1,761				2,370				1,620				841			51.9	%
Total assets	$	106,792			$	104,545			$	99,122			$	95,559			$	95,808			$	10,984		11.5	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	63,738			$	62,030			$	58,734			$	56,285			$	56,276			$	7,462		13.3	%
Non-interest-bearing deposit accounts	281				287				277				285				212				69			32.5	%
Total deposits	64,019				62,317				59,011				56,570				56,488				7,531			13.3	%
Borrowings:
Borrowings of consolidated securitization entities	14,439				14,187				12,170				12,214				12,497				1,942			15.5	%
Senior unsecured notes	9,557				9,554				9,551				8,801				8,302				1,255			15.1	%
Total borrowings	23,996				23,741				21,721				21,015				20,799				3,197			15.4	%
Accrued expenses and other liabilities	4,099				4,491				3,932				3,618				4,287				(188		)	(4.4	)%
Total liabilities	92,114				90,549				84,664				81,203				81,574				10,540			12.9	%
Equity:
Common stock	1				1				1				1				1				—			—	%
Additional paid-in capital	9,482				9,470				9,486				9,470				9,445				37			0.4	%
Retained earnings	8,986				8,355				7,906				7,334				6,809				2,177			32.0	%
Accumulated other comprehensive income	(62		)		(99		)		(93		)		(86		)		(64		)		2			(3.1	)%
Treasury Stock	(3,729		)		(3,731		)		(2,842		)		(2,363		)		(1,957		)		(1,772		)	90.5	%
Total equity	14,678				13,996				14,458				14,356				14,234				444			3.1	%
Total liabilities and equity	$	106,792			$	104,545			$	99,122			$	95,559			$	95,808			$	10,984		11.5	%

4

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SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Quarter Ended
	Dec 31, 2018											Sep 30, 2018											Jun 30, 2018											Mar 31, 2018											Dec 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	$	10,856			$	62			2.27	%		$	7,901			$	39			1.96	%		$	13,097			$	59			1.81	%		$	12,434			$	47			1.53	%		$	13,591			$	43			1.26	%
Securities available for sale	6,837				40				2.32	%		7,022				38				2.15	%		6,803				34				2.00	%		5,584				25				1.82	%		3,725				15				1.60	%
Loan receivables:
Credit cards, including held for sale	86,131				4,695				21.63	%		83,609				4,538				21.53	%		74,809				4,010				21.50	%		76,181				4,099				21.82	%		75,389				4,161				21.90	%
Consumer installment loans	1,815				42				9.18	%		1,753				41				9.28	%		1,648				37				9.01	%		1,572				36				9.29	%		1,568				36				9.11	%
Commercial credit products	1,344				37				10.92	%		1,355				37				10.83	%		1,346				34				10.13	%		1,286				36				11.35	%		1,375				35				10.10	%
Other	50				—				—	%		66				1				NM			50				—				—	%		51				1				NM			37				1				NM
Total loan receivables, including held for sale	89,340				4,774				21.20	%		86,783				4,617				21.11	%		77,853				4,081				21.03	%		79,090				4,172				21.39	%		78,369				4,233				21.43	%
Total interest-earning assets	107,033				4,876				18.07	%		101,706				4,694				18.31	%		97,753				4,174				17.13	%		97,108				4,244				17.72	%		95,685				4,291				17.79	%
Non-interest-earning assets:
Cash and due from banks	1,320											1,217											1,161											1,197											1,037
Allowance for loan losses	(6,259		)									(5,956		)									(5,768		)									(5,608		)									(5,443		)
Other assets	3,688											3,482											3,068											3,010											3,219
Total non-interest-earning assets	(1,251		)									(1,257		)									(1,539		)									(1,401		)									(1,187		)
Total assets	$	105,782										$	100,449										$	96,214										$	95,707										$	94,498
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	62,999			$	350			2.20	%		$	60,123			$	314			2.07	%		$	57,303			$	273			1.91	%		$	56,356			$	249			1.79	%		$	55,690			$	233			1.66	%
Borrowings of consolidated securitization entities	14,223				104				2.90	%		12,306				86				2.77	%		11,821				80				2.71	%		12,410				74				2.42	%		12,425				70				2.24	%
Senior unsecured notes	9,554				89				3.70	%		9,552				88				3.66	%		9,114				84				3.70	%		8,795				79				3.64	%		7,940				72				3.60	%
Total interest-bearing liabilities	86,776				543				2.48	%		81,981				488				2.36	%		78,238				437				2.24	%		77,561				402				2.10	%		76,055				375				1.96	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	284											275											270											300											218
Other liabilities	4,283											3,772											3,299											3,570											3,716
Total non-interest-bearing liabilities	4,567											4,047											3,569											3,870											3,934
Total liabilities	91,343											86,028											81,807											81,431											79,989
Equity
Total equity	14,439											14,421											14,407											14,276											14,509
Total liabilities and equity	$	105,782										$	100,449										$	96,214										$	95,707										$	94,498
Net interest income					$	4,333										$	4,206										$	3,737										$	3,842										$	3,916
Interest rate spread(1)									15.59	%										15.95	%										14.89	%										15.62	%										15.83	%
Net interest margin(2)									16.06	%										16.41	%										15.33	%										16.05	%										16.24	%
(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)
	Twelve Months Ended Dec 31, 2018											Twelve Months Ended Dec 31, 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	$	11,059			$	207			1.87	%		$	11,707			$	129			1.10	%
Securities available for sale	6,566				137				2.09	%		4,449				59				1.33	%
Loan receivables:
Credit cards, including held for sale	80,219				17,342				21.62	%		72,795				15,941				21.90	%
Consumer installment loans	1,698				156				9.19	%		1,491				137				9.19	%
Commercial credit products	1,333				144				10.80	%		1,366				139				10.18	%
Other	54				2				3.70	%		50				2				4.00	%
Total loan receivables, including held for sale	83,304				17,644				21.18	%		75,702				16,219				21.42	%
Total interest-earning assets	100,929				17,988				17.82	%		91,858				16,407				17.86	%
Non-interest-earning assets:
Cash and due from banks	1,224											887
Allowance for loan losses	(5,900		)									(4,942		)
Other assets	3,315											3,304
Total non-interest-earning assets	(1,361		)									(751		)
Total assets	$	99,568										$	91,107
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	59,216			$	1,186			2.00	%		$	53,173			$	848			1.59	%
Borrowings of consolidated securitization entities	12,694				344				2.71	%		12,179				263				2.16	%
Senior unsecured notes	9,257				340				3.67	%		7,972				280				3.51	%
Total interest-bearing liabilities	81,167				1,870				2.30	%		73,324				1,391				1.90	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	282											227
Other liabilities	3,733											3,129
Total non-interest-bearing liabilities	4,015											3,356
Total liabilities	85,182											76,680
Equity
Total equity	14,386											14,427
Total liabilities and equity	$	99,568										$	91,107
Net interest income					$	16,118										$	15,016
Interest rate spread(1)									15.52	%										15.96	%
Net interest margin(2)									15.97	%										16.35	%
(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
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Dec 31, 2018 vs. Dec 31, 2017
BALANCE SHEET STATISTICS
Total common equity	$	14,678			$	13,996			$	14,458			$	14,356			$	14,234			$	444		3.1	%
Total common equity as a % of total assets	13.74		%		13.39		%		14.59		%		15.02		%		14.86		%					(1.12	)%
Tangible assets	$	104,631			$	102,416			$	97,235			$	93,788			$	94,068			$	10,563		11.2	%
Tangible common equity(1)	$	12,517			$	11,867			$	12,571			$	12,585			$	12,494			$	23		0.2	%
Tangible common equity as a % of tangible assets(1)	11.96		%		11.59		%		12.93		%		13.42		%		13.28		%					(1.32	)%
Tangible common equity per share(1)	$	17.41			$	16.51			$	16.84			$	16.55			$	16.22			$	1.19		7.3	%
REGULATORY CAPITAL RATIOS(2)
	Basel III Transition(3)																Basel III Transition
Total risk-based capital ratio(4)	15.3		%		15.5		%		18.0		%		18.1		%		17.3		%
Tier 1 risk-based capital ratio(5)	14.0		%		14.2		%		16.6		%		16.8		%		16.0		%
Tier 1 leverage ratio(6)	12.3		%		12.3		%		13.6		%		13.7		%		13.8		%
Common equity Tier 1 capital ratio	14.0		%		14.2		%		16.6		%		16.8		%		16.0		%
	Basel III Fully Phased-in
Common equity Tier 1 capital ratio	14.0		%		14.2		%		16.6		%		16.8		%		15.8		%
(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 December 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.

7

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SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
	Quarter Ended																										Twelve Months Ended
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				4Q'18 vs. 4Q'17						Dec 31, 2018				Dec 31, 2017				YTD'18 vs. YTD'17
RETAIL CARD
Purchase volume(1)(2)	$	33,080			$	29,264			$	27,340			$	23,382			$	29,839			$	3,241		10.9	%		$	113,066			$	106,239			$	6,827		6.4	%
Period-end loan receivables	$	65,224			$	60,564			$	52,918			$	52,531			$	56,230			$	8,994		16.0	%		$	65,224			$	56,230			$	8,994		16.0	%
Average loan receivables, including held for sale	$	62,006			$	60,389			$	52,427			$	53,673			$	53,256			$	8,750		16.4	%		$	57,155			$	51,570			$	5,585		10.8	%
Average active accounts (in thousands)(2)(3)	61,275				59,846				54,092				55,927				56,113				5,162			9.2	%		58,223				55,142				3,081			5.6	%
Interest and fees on loans(2)	$	3,583			$	3,465			$	2,993			$	3,096			$	3,133			$	450		14.4	%		$	13,137			$	12,023			$	1,114		9.3	%
Other income(2)	$	55			$	51			$	48			$	65			$	49			$	6		12.2	%		$	219			$	212			$	7		3.3	%
Retailer share arrangements(2)	$	(835	)		$	(851	)		$	(644	)		$	(714	)		$	(771	)		$	(64	)	8.3	%		$	(3,044	)		$	(2,904	)		$	(140	)	4.8	%
PAYMENT SOLUTIONS
Purchase volume(1)	$	4,710			$	4,606			$	4,288			$	3,823			$	4,366			$	344		7.9	%		$	17,427			$	16,160			$	1,267		7.8	%
Period-end loan receivables	$	18,418			$	17,639			$	16,875			$	16,513			$	16,857			$	1,561		9.3	%		$	18,418			$	16,857			$	1,561		9.3	%
Average loan receivables	$	17,931			$	17,234			$	16,562			$	16,629			$	16,386			$	1,545		9.4	%		$	17,093			$	15,752			$	1,341		8.5	%
Average active accounts (in thousands)(3)	10,037				9,675				9,433				9,545				9,421				616			6.5	%		9,692				9,192				500			5.4	%
Interest and fees on loans	$	627			$	601			$	566			$	562			$	574			$	53		9.2	%		$	2,356			$	2,181			$	175		8.0	%
Other income	$	2			$	4			$	4			$	2			$	2			$	—		—	%		$	12			$	14			$	(2	)	(14.3	)%
Retailer share arrangements	$	(15	)		$	(17	)		$	(7	)		$	(4	)		$	(5	)		$	(10	)	NM			$	(43	)		$	(24	)		$	(19	)	79.2	%
CARECREDIT
Purchase volume(1)	$	2,530			$	2,573			$	2,640			$	2,421			$	2,360			$	170		7.2	%		$	10,164			$	9,415			$	749		8.0	%
Period-end loan receivables	$	9,497			$	9,318			$	9,086			$	8,809			$	8,860			$	637		7.2	%		$	9,497			$	8,860			$	637		7.2	%
Average loan receivables	$	9,403			$	9,160			$	8,864			$	8,788			$	8,727			$	676		7.7	%		$	9,056			$	8,380			$	676		8.1	%
Average active accounts (in thousands)(3)	6,070				5,961				5,819				5,851				5,814				256			4.4	%		5,932				5,634				298			5.3	%
Interest and fees on loans	$	564			$	551			$	522			$	514			$	526			$	38		7.2	%		$	2,151			$	2,015			$	136		6.7	%
Other income	$	7			$	8			$	11			$	8			$	11			$	(4	)	(36.4	)%		$	34			$	62			$	(28	)	(45.2	)%
Retailer share arrangements	$	(5	)		$	(3	)		$	(2	)		$	(2	)		$	(3	)		$	(2	)	66.7	%		$	(12	)		$	(9	)		$	(3	)	33.3	%
TOTAL SYF
Purchase volume(1)(2)	$	40,320			$	36,443			$	34,268			$	29,626			$	36,565			$	3,755		10.3	%		$	140,657			$	131,814			$	8,843		6.7	%
Period-end loan receivables	$	93,139			$	87,521			$	78,879			$	77,853			$	81,947			$	11,192		13.7	%		$	93,139			$	81,947			$	11,192		13.7	%
Average loan receivables, including held for sale	$	89,340			$	86,783			$	77,853			$	79,090			$	78,369			$	10,971		14.0	%		$	83,304			$	75,702			$	7,602		10.0	%
Average active accounts (in thousands)(2)(3)	77,382				75,482				69,344				71,323				71,348				6,034			8.5	%		73,847				69,968				3,879			5.5	%
Interest and fees on loans(2)	$	4,774			$	4,617			$	4,081			$	4,172			$	4,233			$	541		12.8	%		$	17,644			$	16,219			$	1,425		8.8	%
Other income(2)	$	64			$	63			$	63			$	75			$	62			$	2		3.2	%		$	265			$	288			$	(23	)	(8.0	)%
Retailer share arrangements(2)	$	(855	)		$	(871	)		$	(653	)		$	(720	)		$	(779	)		$	(76	)	9.8	%		$	(3,099	)		$	(2,937	)		$	(162	)	5.5	%
(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																				Twelve Months Ended
	Dec 31, 2018				Sep 30, 2018				Jun 30, 2018				Mar 31, 2018				Dec 31, 2017				Dec 31, 2017
COMMON EQUITY MEASURES
GAAP Total common equity	$	14,678			$	13,996			$	14,458			$	14,356			$	14,234
Less: Goodwill	(1,024		)		(1,024		)		(1,024		)		(991		)		(991		)
Less: Intangible assets, net	(1,137		)		(1,105		)		(863		)		(780		)		(749		)
Tangible common equity	$	12,517			$	11,867			$	12,571			$	12,585			$	12,494
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	284				311				287				278				254
Basel III - Common equity Tier 1 (fully phased-in)	$	12,801			$	12,178			$	12,858			$	12,863			$	12,748
Adjustment related to capital components during transition																	142
Basel III - Common equity Tier 1 (transition)																	$	12,890
RISK-BASED CAPITAL
Common equity Tier 1	$	12,801			$	12,178			$	12,858			$	12,863			$	12,890
Add: Allowance for loan losses includible in risk-based capital	1,211				1,137				1,027				1,015				1,064
Risk-based capital	$	14,012			$	13,315			$	13,885			$	13,878			$	13,954
ASSET MEASURES
Total average assets	$	105,782			$	100,449			$	96,214			$	95,707			$	94,498
Adjustments for:
Disallowed goodwill and other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,845		)		(1,836		)		(1,670		)		(1,560		)		(1,392		)
Total assets for leverage purposes	$	103,937			$	98,613			$	94,544			$	94,147			$	93,106
Risk-weighted assets - Basel III (fully phased-in)	$	91,725			$	85,941			$	77,322			$	76,509			$	80,526
Risk-weighted assets - Basel III (transition)																	$	80,669
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	20.42			$	19.47			$	19.37			$	18.88			$	18.47
Less: Goodwill	(1.42		)		(1.42		)		(1.37		)		(1.30		)		(1.29		)
Less: Intangible assets, net	(1.59		)		(1.54		)		(1.16		)		(1.03		)		(0.96		)
Tangible common equity per share	$	17.41			$	16.51			$	16.84			$	16.55			$	16.22
ADJUSTED NET EARNINGS
GAAP net earnings	$	783			$	671			$	696			$	640			$	385			$	1,935
Adjustment for tax law change(2)	—				—				—				—				160				160
Adjusted net earnings	$	783			$	671			$	696			$	640			$	545			$	2,095
ADJUSTED DILUTED EPS
GAAP diluted EPS	$	1.09			$	0.91			$	0.92			$	0.83			$	0.49			$	2.42
Adjustment for tax law change(2)	—				—				—				—				0.21				0.20
Adjusted diluted EPS	$	1.09			$	0.91			$	0.92			$	0.83			$	0.70			$	2.62
(1) Regulatory measures at December 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.

9