Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
Quarter EndedSix Months Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
2Q'21 vs. 2Q'20Jun 30,
2021
Jun 30,
2020
YTD'21 vs. YTD'20
EARNINGS
Net interest income$3,312 $3,439 $3,659 $3,457 $3,396 $(84)(2.5)%$6,751  $7,286 $(535)(7.3)%
Retailer share arrangements(1,006)(989)(1,047)(899)(773)(233)30.1 %(1,995)(1,699)(296)17.4 %
Provision for credit losses(194)334 750 1,210 1,673 (1,867)(111.6)%140 3,350 (3,210)(95.8)%
Net interest income, after retailer share arrangements and provision for credit losses2,500 2,116 1,862 1,348 950 1,550 163.2 %4,616 2,237 2,379 106.3 %
Other income89 131 82 131 95 (6)(6.3)%220 192 28 14.6 %
Other expense948 932 1,000 1,067 986 (38)(3.9)%1,880 1,988 (108)(5.4)%
Earnings before provision for income taxes1,641 1,315 944 412 59 1,582 NM2,956 441 2,515 NM
Provision for income taxes399 290 206 99 11 388 NM689 107 582 NM
Net earnings$1,242 $1,025 $738 $313 $48 $1,194 NM$2,267 $334 $1,933 NM
Net earnings available to common stockholders$1,232 $1,014 $728 $303 $37 $1,195 NM$2,246 $312 $1,934 NM
COMMON SHARE STATISTICS
Basic EPS $2.13 $1.74 $1.25 $0.52 $0.06 $2.07 NM$3.87 $0.52 $3.35 NM
Diluted EPS $2.12 $1.73 $1.24 $0.52 $0.06 $2.06 NM$3.84 $0.52 $3.32 NM
Dividend declared per share$0.22 $0.22 $0.22 $0.22 $0.22 $— — %$0.44 $0.44 $— — %
Common stock price$48.52 $40.66 $34.71 $26.17 $22.16 $26.36 119.0 %$48.52 $22.16 $26.36 119.0 %
Book value per share $23.48 $21.86 $20.49 $19.47 $19.13 $4.35 22.7 %$23.48 $19.13 $4.35 22.7 %
Tangible common equity per share(1)
$19.64 $17.95 $16.72 $15.75 $15.28 $4.36 28.5 %$19.64 $15.28 $4.36 28.5 %
Beginning common shares outstanding581.1 584.0 583.8 583.7 583.2 (2.1)(0.4)%584.0 615.9 (31.9)(5.2)%
Issuance of common shares— — — — — — — %— — — — %
Stock-based compensation1.0 2.2 0.2 0.1 0.5 0.5 100.0 %3.2 1.4 1.8 128.6 %
Shares repurchased(8.7)(5.1)— — — (8.7)NM(13.8)(33.6)19.8 (58.9)%
Ending common shares outstanding573.4 581.1 584.0 583.8 583.7 (10.3)(1.8)%573.4 583.7 (10.3)(1.8)%
Weighted average common shares outstanding 577.2 583.3 583.9 583.8 583.7 (6.5)(1.1)%580.2 594.3 (14.1)(2.4)%
Weighted average common shares outstanding (fully diluted) 581.7 587.5 586.6 584.8 584.4 (2.7)(0.5)%584.6 595.9 (11.3)(1.9)%
(1) 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


SYNCHRONY FINANCIAL
SELECTED METRICS
(unaudited, $ in millions)
Quarter EndedSix Months Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
2Q'21 vs. 2Q'20Jun 30,
2021
Jun 30,
2020
YTD'21 vs. YTD'20
PERFORMANCE METRICS
Return on assets(1)
5.3 %4.3 %3.1 %1.3 %0.2 %5.1 %4.8 %0.7 %4.1 %
Return on equity(2)
36.5 %31.8 %23.6 %10.3 %1.6 %34.9 %34.2 %5.4 %28.8 %
Return on tangible common equity(3)
46.3 %40.8 %30.4 %13.1 %1.6 %44.7 %43.6 %6.7 %36.9 %
Net interest margin(4)
13.78 %13.98 %14.64 %13.80 %13.53 %0.25 %13.88 %14.35 %(0.47)%
Efficiency ratio(5)
39.6 %36.1 %37.1 %39.7 %36.3 %3.3 %37.8 %34.4 %3.4 %
Other expense as a % of average loan receivables, including held for sale4.95 %4.82 %5.01 %5.44 %5.04 %(0.09)%4.89 %4.90 %(0.01)%
Effective income tax rate24.3 %22.1 %21.8 %24.0 %18.6 %5.7 %23.3 %24.3 %(1.0)%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale3.57 %3.62 %3.16 %4.42 %5.35 %(1.78)%3.59 %5.35 %(1.76)%
30+ days past due as a % of period-end loan receivables(6)
2.11 %2.83 %3.07 %2.67 %3.13 %(1.02)%2.11 %3.13 %(1.02)%
90+ days past due as a % of period-end loan receivables(6)
1.00 %1.52 %1.40 %1.24 %1.77 %(0.77)%1.00 %1.77 %(0.77)%
Net charge-offs$684 $699 $631 $866 $1,046 $(362)(34.6)%$1,383 $2,171 $(788)(36.3)%
Loan receivables delinquent over 30 days(6)
$1,653 $2,175 $2,514 $2,100 $2,453 $(800)(32.6)%$1,653 $2,453 $(800)(32.6)%
Loan receivables delinquent over 90 days(6)
$784 $1,170 $1,143 $973 $1,384 $(600)(43.4)%$784 $1,384 $(600)(43.4)%
Allowance for credit losses (period-end)$9,023 $9,901 $10,265 $10,146 $9,802 $(779)(7.9)%$9,023 $9,802 $(779)(7.9)%
Allowance coverage ratio(7)
11.51 %12.88 %12.54 %12.92 %12.52 %(1.01)%11.51 %12.52 %(1.01)%
BUSINESS METRICS
Purchase volume(8)(9)
$42,121 $34,749 $39,874 $36,013 $31,155 $10,966 35.2 %$76,870 $63,197 $13,673 21.6 %
Period-end loan receivables$78,374 $76,858 $81,867 $78,521 $78,313 $61 0.1 %$78,374 $78,313 $61 0.1 %
Credit cards$74,429 $73,244 $78,455 $75,204 $75,353 $(924)(1.2)%$74,429 $75,353 $(924)(1.2)%
Consumer installment loans$2,507 $2,319 $2,125 $1,987 $1,779 $728 40.9 %$2,507 $1,779 $728 40.9 %
Commercial credit products$1,379 $1,248 $1,250 $1,270 $1,140 $239 21.0 %$1,379 $1,140 $239 21.0 %
Other$59 $47 $37 $60 $41 $18 43.9 %$59 $41 $18 43.9 %
Average loan receivables, including held for sale$76,821 $78,358 $79,452 $78,005 $78,697 $(1,876)(2.4)%$77,585 $81,563 $(3,978)(4.9)%
Period-end active accounts (in thousands)(9)(10)
66,892 65,219 68,540 64,800 63,430 3,462 5.5 %66,892 63,430 3,462 5.5 %
Average active accounts (in thousands)(9)(10)
65,810 66,280 66,261 64,270 64,836 974 1.5 %66,163 68,401 (2,238)(3.3)%
LIQUIDITY
Liquid assets
Cash and equivalents$11,117 $16,620 $11,524 $13,552 $16,344 $(5,227)(32.0)%$11,117 $16,344 $(5,227)(32.0)%
Total liquid assets$16,297 $22,636 $18,321 $21,402 $22,352 $(6,055)(27.1)%$16,297 $22,352 $(6,055)(27.1)%
Undrawn credit facilities
Undrawn credit facilities$4,900 $5,400 $5,400 $5,400 $5,650 $(750)(13.3)%$4,900 $5,650 $(750)(13.3)%
Total liquid assets and undrawn credit facilities$21,197 $28,036 $23,721 $26,802 $28,002 $(6,805)(24.3)%$21,197 $28,002 $(6,805)(24.3)%
Liquid assets % of total assets17.71 %23.62 %19.09 %22.37 %23.15 %(5.44)%17.71 %23.15 %(5.44)%
Liquid assets including undrawn credit facilities % of total assets23.04 %29.25 %24.72 %28.02 %29.00 %(5.96)%23.04 %29.00 %(5.96)%
(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 available to common stockholders 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) Net interest margin represents net interest income divided by average interest-earning assets.
(5) Efficiency ratio represents (i) other expense, divided by (ii) net interest income, plus other income, less retailer share arrangements.
(6) Based on customer statement-end balances extrapolated to the respective period-end date.
(7) Allowance coverage ratio represents allowance for credit losses divided by total period-end loan receivables.
(8) 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.
(9) Includes activity and accounts associated with loan receivables held for sale.
(10) Active accounts represent credit card or installment loan accounts on which there has been a purchase, payment or outstanding balance in the current month.
2


SYNCHRONY FINANCIAL
STATEMENTS OF EARNINGS
(unaudited, $ in millions)
Quarter EndedSix Months Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
2Q'21 vs. 2Q'20Jun 30,
2021
Jun 30,
2020
YTD'21 vs. YTD'20
Interest income: 
Interest and fees on loans$3,567 $3,732 $3,981 $3,821 $3,808 $(241)(6.3)%$7,299 $8,148 $(849)(10.4)%
Interest on cash and debt securities11 10 12 16 22 (11)(50.0)%21 89 (68)(76.4)%
Total interest income3,578 3,742 3,993 3,837 3,830 (252)(6.6)%7,320 8,237 (917)(11.1)%
Interest expense:
Interest on deposits146 170 200 245 293 (147)(50.2)%316 649 (333)(51.3)%
Interest on borrowings of consolidated securitization entities44 51 52 53 59 (15)(25.4)%95 132 (37)(28.0)%
Interest on senior unsecured notes76 82 82 82 82 (6)(7.3)%158 170 (12)(7.1)%
Total interest expense266 303 334 380 434 (168)(38.7)%569 951 (382)(40.2)%
Net interest income3,312 3,439 3,659 3,457 3,396 (84)(2.5)%6,751 7,286 (535)(7.3)%
Retailer share arrangements(1,006)(989)(1,047)(899)(773)(233)30.1 %(1,995)(1,699)(296)17.4 %
Provision for credit losses(194)334 750 1,210 1,673 (1,867)(111.6)%140 3,350 (3,210)(95.8)%
Net interest income, after retailer share arrangements and provision for credit losses2,500 2,116 1,862 1,348 950 1,550 163.2 %4,616 2,237 2,379 106.3 %
Other income:
Interchange revenue223 171 185 172 134 89 66.4 %394 295 99 33.6 %
Debt cancellation fees66 69 72 68 69 (3)(4.3)%135 138 (3)(2.2)%
Loyalty programs(247)(179)(202)(155)(134)(113)84.3 %(426)(292)(134)45.9 %
Other47 70 27 46 26 21 80.8 %117 51 66 129.4 %
Total other income89 131 82 131 95 (6)(6.3)%220 192 28 14.6 %
Other expense:
Employee costs359 364 347 382 327 32 9.8 %723 651 72 11.1 %
Professional fees189 190 186 187 189 — — %379 386 (7)(1.8)%
Marketing and business development114 95 139 107 91 23 25.3 %209 202 3.5 %
Information processing137 131 128 125 116 21 18.1 %268 239 29 12.1 %
Other149 152 200 266 263 (114)(43.3)%301 510 (209)(41.0)%
Total other expense948 932 1,000 1,067 986 (38)(3.9)%1,880 1,988 (108)(5.4)%
Earnings before provision for income taxes1,641 1,315 944 412 59 1,582 NM2,956 441 2,515 NM
Provision for income taxes399 290 206 99 11 388 NM689 107 582 NM
Net earnings$1,242 $1,025 $738 $313 $48 $1,194 NM$2,267 $334 $1,933 NM
Net earnings available to common stockholders$1,232 $1,014 $728 $303 $37 $1,195 NM$2,246 $312 $1,934 NM

3


SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
Quarter Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
Jun 30, 2021 vs. Jun 30, 2020
Assets
Cash and equivalents$11,117 $16,620 $11,524 $13,552 $16,344 $(5,227)(32.0)%
Debt securities5,728 6,550 7,469 8,432 6,623 (895)(13.5)%
Loan receivables:
Unsecuritized loans held for investment55,994 53,823 56,472 52,613 52,629 3,365 6.4 %
Restricted loans of consolidated securitization entities22,380 23,035 25,395 25,908 25,684 (3,304)(12.9)%
Total loan receivables78,374 76,858 81,867 78,521 78,313 61 0.1 %
Less: Allowance for credit losses(9,023)(9,901)(10,265)(10,146)(9,802)779 (7.9)%
Loan receivables, net69,351 66,957 71,602 68,375 68,511 840 1.2 %
Loan receivables held for sale— 23 (4)(100.0)%
Goodwill1,105 1,104 1,078 1,078 1,078 27 2.5 %
Intangible assets, net1,098 1,169 1,125 1,091 1,166 (68)(5.8)%
Other assets3,618 3,431 3,145 3,126 2,818 800 28.4 %
Total assets$92,017 $95,854 $95,948 $95,658 $96,544 $(4,527)(4.7)%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts$59,500 $62,419 $62,469 $63,195 $63,857 $(4,357)(6.8)%
Non-interest-bearing deposit accounts341 342 313 298 291 50 17.2 %
Total deposits59,841 62,761 62,782 63,493 64,148 (4,307)(6.7)%
Borrowings:
Borrowings of consolidated securitization entities6,987 7,193 7,810 7,809 8,109 (1,122)(13.8)%
Senior unsecured notes6,470 7,967 7,965 7,962 7,960 (1,490)(18.7)%
Total borrowings13,457 15,160 15,775 15,771 16,069 (2,612)(16.3)%
Accrued expenses and other liabilities4,522 4,494 4,690 4,295 4,428 94 2.1 %
Total liabilities77,820 82,415 83,247 83,559 84,645 (6,825)(8.1)%
Equity:
Preferred stock734 734 734 734 734 — — %
Common stock— — %
Additional paid-in capital9,620 9,592 9,570 9,552 9,532 88 0.9 %
Retained earnings12,560 11,470 10,621 10,024 9,852 2,708 27.5 %
Accumulated other comprehensive income (loss)(56)(56)(51)(31)(37)(19)51.4 %
Treasury stock(8,662)(8,302)(8,174)(8,181)(8,183)(479)5.9 %
Total equity14,197 13,439 12,701 12,099 11,899 2,298 19.3 %
Total liabilities and equity$92,017 $95,854 $95,948 $95,658 $96,544 $(4,527)(4.7)%

4


SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Quarter Ended
Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020
InterestAverageInterestAverageInterestAverageInterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$13,584 $0.12 %$14,610 $0.11 %$11,244 $0.14 %$13,664 $0.12 %$15,413 $0.08 %
Securities available for sale5,988 0.47 %6,772 0.36 %8,706 0.37 %7,984 12 0.60 %6,804 19 1.12 %
Loan receivables, including held for sale:
Credit cards72,989 3,484 19.15 %74,865 3,657 19.81 %76,039 3,908 20.45 %74,798 3,752 19.96 %75,942 3,740 19.81 %
Consumer installment loans2,417 59 9.79 %2,219 53 9.69 %2,057 50 9.67 %1,892 46 9.67 %1,546 37 9.63 %
Commercial credit products1,363 23 6.77 %1,231 21 6.92 %1,293 23 7.08 %1,238 22 7.07 %1,150 30 10.49 %
Other52 NM43 NM63 — — %77 NM59 NM
Total loan receivables, including held for sale76,821 3,567 18.62 %78,358 3,732 19.32 %79,452 3,981 19.93 %78,005 3,821 19.49 %78,697 3,808 19.46 %
Total interest-earning assets96,393 3,578 14.89 %99,740 3,742 15.22 %99,402 3,993 15.98 %99,653 3,837 15.32 %100,914 3,830 15.26 %
Non-interest-earning assets:
Cash and due from banks1,559 1,635 1,525 1,489 1,486 
Allowance for credit losses(9,801)(10,225)(10,190)(9,823)(9,221)
Other assets5,238 5,305 5,228 5,021 4,779 
Total non-interest-earning assets(3,004)(3,285)(3,437)(3,313)(2,956)
Total assets$93,389 $96,455 $95,965 $96,340 $97,958 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$60,761 $146 0.96 %$62,724 $170 1.10 %$62,800 $200 1.27 %$63,569 $245 1.53 %$64,298 $293 1.83 %
Borrowings of consolidated securitization entities7,149 44 2.47 %7,694 51 2.69 %7,809 52 2.65 %8,057 53 2.62 %8,863 59 2.68 %
Senior unsecured notes7,276 76 4.19 %7,965 82 4.18 %7,963 82 4.10 %7,960 82 4.10 %7,958 82 4.14 %
Total interest-bearing liabilities75,186 266 1.42 %78,383 303 1.57 %78,572 334 1.69 %79,586 380 1.90 %81,119 434 2.15 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts349 346 308 307 309 
Other liabilities4,199 4,655 4,663 4,308 4,349 
Total non-interest-bearing liabilities4,548 5,001 4,971 4,615 4,658 
Total liabilities79,734 83,384 83,543 84,201 85,777 
Equity
Total equity13,655 13,071 12,422 12,139 12,181 
Total liabilities and equity$93,389 $96,455 $95,965 $96,340 $97,958 
Net interest income$3,312 $3,439 $3,659 $3,457 $3,396 
Interest rate spread(1)
13.47 %13.65 %14.29 %13.42 %13.11 %
Net interest margin(2)
13.78 %13.98 %14.64 %13.80 %13.53 %
(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


SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Six Months Ended
Jun 30, 2021
Six Months Ended
Jun 30, 2020
InterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$14,094 $0.11 %$14,158 $45 0.64 %
Securities available for sale6,378 13 0.41 %6,379 44 1.39 %
Loan receivables, including held for sale:
Credit cards73,921 7,141 19.48 %78,830 8,012 20.44 %
Consumer installment loans2,319 112 9.74 %1,489 72 9.72 %
Commercial credit products1,297 44 6.84 %1,196 63 10.59 %
Other48 8.40 %48 4.19 %
Total loan receivables, including held for sale77,585 7,299 18.97 %81,563 8,148 20.09 %
Total interest-earning assets98,057 7,320 15.05 %102,100 8,237 16.22 %
Non-interest-earning assets:
Cash and due from banks1,597 1,468 
Allowance for loan losses(10,012)(8,965)
Other assets5,272 4,737 
Total non-interest-earning assets(3,143)(2,760)
Total assets$94,914 $99,340 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$61,737 $316 1.03 %$64,332 $649 2.03 %
Borrowings of consolidated securitization entities7,420 95 2.58 %9,425 132 2.82 %
Senior unsecured notes7,619 158 4.18 %8,382 170 4.08 %
Total interest-bearing liabilities76,776 569 1.49 %82,139 951 2.33 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts348 304 
Other liabilities4,425 4,511 
Total non-interest-bearing liabilities4,773 4,815 
Total liabilities81,549 86,954 
Equity
Total equity13,365 12,386 
Total liabilities and equity$94,914 $99,340 
Net interest income$6,751 $7,286 
Interest rate spread(1)
13.56 %13.89 %
Net interest margin(2)
13.88 %14.35 %
(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


SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
Jun 30, 2021 vs.
Jun 30, 2020
BALANCE SHEET STATISTICS
Total common equity$13,463 $12,705 $11,967 $11,365 $11,165 $2,298 20.6 %
Total common equity as a % of total assets14.63 %13.25 %12.47 %11.88 %11.56 %3.07 %
Tangible assets$89,814 $93,581 $93,745 $93,489 $94,300 $(4,486)(4.8)%
Tangible common equity(1)
$11,260 $10,432 $9,764 $9,196 $8,921 $2,339 26.2 %
Tangible common equity as a % of tangible assets(1)
12.54 %11.15 %10.42 %9.84 %9.46 %3.08 %
Tangible common equity per share(1)
$19.64 $17.95 $16.72 $15.75 $15.28 $4.36 28.5 %
REGULATORY CAPITAL RATIOS(2)(3)
Basel III - CECL Transition
Total risk-based capital ratio(4)
20.1 %19.7 %18.1 %18.1 %17.6 %
Tier 1 risk-based capital ratio(5)
18.7 %18.3 %16.8 %16.7 %16.3 %
Tier 1 leverage ratio(6)
15.6 %14.5 %14.0 %13.3 %12.7 %
Common equity Tier 1 capital ratio17.8 %17.4 %15.9 %15.8 %15.3 %
(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 ratios at June 30, 2021 are preliminary and therefore subject to change.
(3) Capital ratios starting March 31, 2020 reflect election to delay for two years an estimate of CECL’s effect on regulatory capital in accordance with the interim final rule issued by U.S. banking agencies in March 2020.
(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 EndedSix Months Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
2Q'21 vs. 2Q'20Jun 30,
2021
Jun 30,
2020
YTD'21 vs. YTD'20
HOME & AUTO
Purchase volume(1)
$12,209 $9,915 $10,327 $10,653 $9,729 $2,480 25.5 %$22,124 $18,833 $3,291 17.5 %
Period-end loan receivables$26,111 $25,456 $26,494 $26,202 $25,875 $236 0.9 %$26,111 $25,875 $236 0.9 %
Average loan receivables, including held for sale$25,624 $25,785 $26,214 $25,908 $25,792 $(168)(0.7)%$25,704 $26,396 $(692)(2.6)%
Average active accounts (in thousands)(3)
17,958 17,808 18,119 18,127 18,213 (255)(1.4)%17,906 18,465 (559)(3.0)%
Interest and fees on loans$1,014 $1,059 $1,147 $1,114 $1,079 $(65)(6.0)%$2,073 $2,250 $(177)(7.9)%
Other income$15 $15 $12 $14 $20 $(5)(25.0)%$30 $32 $(2)(6.3)%
DIGITAL
Purchase volume(1)
$10,930 $9,340 $11,005 $9,038 $8,439 $2,491 29.5 %$20,270 $15,833 $4,437 28.0 %
Period-end loan receivables$19,233 $18,907 $20,427 $18,922 $18,945 $288 1.5 %$19,233 $18,945 $288 1.5 %
Average loan receivables, including held for sale$18,783 $19,437 $19,392 $18,807 $19,062 $(279)(1.5)%$19,108 $19,408 $(300)(1.5)%
Average active accounts (in thousands)(3)
17,258 17,318 16,898 16,440 16,414 844 5.1 %17,298 16,462 836 5.1 %
Interest and fees on loans$891 $903 $976 $915 $913 $(22)(2.4)%$1,794 $1,910 $(116)(6.1)%
Other income$(28)$(12)$(26)$(16)$(8)$(20)250.0 %$(40)$(12)$(28)233.3 %
DIVERSIFIED & VALUE
Purchase volume(1)
$11,618 $9,220 $11,267 $9,634 $7,683 $3,935 51.2 %$20,838 $17,084 $3,754 22.0 %
Period-end loan receivables$14,357 $14,217 $15,761 $14,825 $15,177 $(820)(5.4)%$14,357 $15,177 $(820)(5.4)%
Average loan receivables, including held for sale$14,101 $14,574 $15,024 $14,919 $15,425 $(1,324)(8.6)%$14,336 $16,485 $(2,149)(13.0)%
Average active accounts (in thousands)(3)
17,301 17,457 17,324 16,307 16,626 675 4.1 %17,446 18,806 (1,360)(7.2)%
Interest and fees on loans$729 $789 $822 $809 $849 $(120)(14.1)%$1,518 $1,897 $(379)(20.0)%
Other income$(2)$$20 $38 $17 $(19)(111.8)%$$32 $(29)(90.6)%
HEALTH & WELLNESS
Purchase volume(1)
$2,988 $2,648 $2,676 $2,738 $1,952 $1,036 53.1 %$5,636 $4,611 $1,025 22.2 %
Period-end loan receivables$9,515 $9,317 $9,580 $9,368 $9,222 $293 3.2 %$9,515 $9,222 $293 3.2 %
Average loan receivables, including held for sale$9,334 $9,442 $9,476 $9,245 $9,387 $(53)(0.6)%$9,387 $9,823 $(436)(4.4)%
Average active accounts (in thousands)(3)
5,585 5,706 5,724 5,708 5,966 (381)(6.4)%5,642 6,153 (511)(8.3)%
Interest and fees on loans$523 $558 $589 $552 $535 $(12)(2.2)%$1,081 $1,132 $(51)(4.5)%
Other income$36 $40 $27 $32 $23 $13 56.5 %$76 $48 $28 58.3 %
LIFESTYLE
Purchase volume(1)
$1,405 $1,154 $1,383 $1,267 $1,286 $119 9.3 %$2,559 $2,283 $276 12.1 %
Period-end loan receivables$5,158 $4,988 $5,098 $4,842 $4,718 $440 9.3 %$5,158 $4,718 $440 9.3 %
Average loan receivables, including held for sale$5,050 $5,003 $4,920 $4,771 $4,551 $499 11.0 %$5,027 $4,607 $420 9.1 %
Average active accounts (in thousands)(3)
2,442 2,573 2,536 2,404 2,462 (20)(0.8)%2,510 2,634 (124)(4.7)%
Interest and fees on loans$182 $181 $187 $180 $172 $10 5.8 %$363 $367 $(4)(1.1)%
Other income$$$$$$50.0 %$11 $$22.2 %
CORP, OTHER(4)
Purchase volume(1)(2)
$2,971 $2,472 $3,216 $2,683 $2,066 $905 43.8 %$5,443 $4,553 $890 19.5 %
Period-end loan receivables$4,000 $3,973 $4,507 $4,362 $4,376 $(376)(8.6)%$4,000 $4,376 $(376)(8.6)%
Average loan receivables, including held for sale$3,929 $4,117 $4,426 $4,355 $4,480 $(551)(12.3)%$4,023 $4,844 $(821)(16.9)%
Average active accounts (in thousands)(2)(3)
5,266 5,418 5,660 5,284 5,155 111 2.2 %5,361 5,881 (520)(8.8)%
Interest and fees on loans$228 $242 $260 $251 $260 $(32)(12.3)%$470 $592 $(122)(20.6)%
Other income$62 $78 $43 $58 $39 $23 59.0 %$140 $83 $57 68.7 %
TOTAL SYF
Purchase volume(1)(2)
$42,121 $34,749 $39,874 $36,013 $31,155 $10,966 35.2 %$76,870 $63,197 $13,673 21.6 %
Period-end loan receivables$78,374 $76,858 $81,867 $78,521 $78,313 $61 0.1 %$78,374 $78,313 $61 0.1 %
Average loan receivables, including held for sale$76,821 $78,358 $79,452 $78,005 $78,697 $(1,876)(2.4)%$77,585 $81,563 $(3,978)(4.9)%
Average active accounts (in thousands)(2)(3)
65,810 66,280 66,261 64,270 64,836 974 1.5 %66,163 68,401 (2,238)(3.3)%
Interest and fees on loans$3,567 $3,732 $3,981 $3,821 $3,808 $(241)(6.3)%$7,299 $8,148 $(849)(10.4)%
Other income$89 $131 $82 $131 $95 $(6)(6.3)%$220 $192 $28 14.6 %
(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.
(4) Includes activity and balances associated with our program agreement with GAP Inc. which is scheduled to expire in April 2022.

8


SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES AND CALCULATIONS OF REGULATORY MEASURES(1)
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Jun 30,
2021
Mar 31,
2021
Dec 31,
2020
Sep 30,
2020
Jun 30,
2020
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity$14,197 $13,439 $12,701 $12,099 $11,899 
Less: Preferred stock(734)(734)(734)(734)(734)
Less: Goodwill(1,105)(1,104)(1,078)(1,078)(1,078)
Less: Intangible assets, net(1,098)(1,169)(1,125)(1,091)(1,166)
Tangible common equity$11,260 $10,432 $9,764 $9,196 $8,921 
Add: CECL transition amount2,376 2,595 2,686 2,656 2,570 
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)301 354 341 305 302 
Common equity Tier 1 $13,937 $13,381 $12,791 $12,157 $11,793 
Preferred stock734 734 734 734 734 
Tier 1 capital$14,671 $14,115 $13,525 $12,891 $12,527 
Add: Allowance for credit losses includible in risk-based capital1,039 1,031 1,079 1,034 1,031 
Total Risk-based capital$15,710 $15,146 $14,604 $13,925 $13,558 
ASSET MEASURES(2)
Total average assets$93,389 $96,455 $95,965 $96,340 $97,958 
Adjustments for:
Add: CECL transition amount2,376 2,595 2,686 2,656 2,570 
Disallowed goodwill and other disallowed intangible assets
(net of related deferred tax liabilities) and other
(1,965)(1,987)(1,924)(1,906)(1,980)
Total assets for leverage purposes$93,800 $97,063 $96,727 $97,090 $98,548 
Risk-weighted assets$78,281 $76,965 $80,561 $76,990 $77,048 
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital$14,671 $14,115 $13,525 $12,891 $12,527 
Less: CECL transition adjustment(2,376)(2,595)(2,686)(2,656)(2,570)
Tier 1 capital (CECL fully phased-in)$12,295 $11,520 $10,839 $10,235 $9,957 
Add: Allowance for credit losses9,023 9,901 10,265 10,146 9,802 
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses$21,318 $21,421 $21,104 $20,381 $19,759 
Risk-weighted assets$78,281 $76,965 $80,561 $76,990 $77,048 
Less: CECL transition adjustment(2,166)(2,386)(2,477)(2,447)(2,361)
Risk-weighted assets (CECL fully phased-in)$76,115 $74,579 $78,084 $74,543 $74,687 
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share$23.48 $21.86 $20.49 $19.47 $19.13 
Less: Goodwill(1.93)(1.90)(1.85)(1.85)(1.85)
Less: Intangible assets, net(1.91)(2.01)(1.92)(1.87)(2.00)
Tangible common equity per share$19.64 $17.95 $16.72 $15.75 $15.28 
(1) Regulatory measures at June 30, 2021 are presented on an estimated basis.
(2) Capital ratios starting March 31, 2020 reflect election to delay for two years an estimate of CECL’s effect on regulatory capital in accordance with the interim final rule issued by U.S. banking agencies in March 2020.

9