Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
Quarter EndedSix Months Ended
June 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021		2Q'22 vs. 2Q'21June 30,
2022		Jun 30,
2021		YTD'22 vs. YTD'21
EARNINGS
Net interest income$3,802 $3,789 $3,830 $3,658 $3,312 $490 14.8 %$7,591  $6,751 $840 12.4 %
Retailer share arrangements(1,127)(1,104)(1,267)(1,266)(1,006)(121)12.0 %(2,231)(1,995)(236)11.8 %
Provision for credit losses724 521 561 25 (194)918 NM1,245 140 1,105 NM
Net interest income, after retailer share arrangements and provision for credit losses1,951 2,164 2,002 2,367 2,500 (549)(22.0)%4,115 4,616 (501)(10.9)%
Other income198 108 167 94 89 109 122.5 %306 220 86 39.1 %
Other expense1,083 1,039 1,122 961 948 135 14.2 %2,122 1,880 242 12.9 %
Earnings before provision for income taxes1,066 1,233 1,047 1,500 1,641 (575)(35.0)%2,299 2,956 (657)(22.2)%
Provision for income taxes262 301 234 359 399 (137)(34.3)%563 689 (126)(18.3)%
Net earnings$804 $932 $813 $1,141 $1,242 $(438)(35.3)%$1,736 $2,267 $(531)(23.4)%
Net earnings available to common stockholders$793 $922 $803 $1,130 $1,232 $(439)(35.6)%$1,715 $2,246 $(531)(23.6)%
COMMON SHARE STATISTICS
Basic EPS $1.61 $1.79 $1.49 $2.02 $2.13 $(0.52)(24.4)%$3.40 $3.87 $(0.47)(12.1)%
Diluted EPS $1.60 $1.77 $1.48 $2.00 $2.12 $(0.52)(24.5)%$3.38 $3.84 $(0.46)(12.0)%
Dividend declared per share$0.22 $0.22 $0.22 $0.22 $0.22 $— — %$0.44 $0.44 $— — %
Common stock price$27.62 $34.82 $46.39 $48.88 $48.52 $(20.90)(43.1)%$27.62 $48.52 $(20.90)(43.1)%
Book value per share $25.95 $25.06 $24.53 $24.13 $23.48 $2.47 10.5 %$25.95 $23.48 $2.47 10.5 %
Tangible common equity per share(1)
$21.39 $20.60 $20.21 $20.12 $19.64 $1.75 8.9 %$21.39 $19.64 $1.75 8.9 %
Beginning common shares outstanding506.2 526.8 547.2 573.4 581.1 (74.9)(12.9)%526.8 584.0 (57.2)(9.8)%
Issuance of common shares— — — — — — — %— — — — %
Stock-based compensation0.2 1.4 0.1 0.5 1.0 (0.8)(80.0)%1.6 3.2 (1.6)(50.0)%
Shares repurchased(18.6)(22.0)(20.5)(26.7)(8.7)(9.9)113.8 %(40.6)(13.8)(26.8)194.2 %
Ending common shares outstanding487.8 506.2 526.8 547.2 573.4 (85.6)(14.9)%487.8 573.4 (85.6)(14.9)%
Weighted average common shares outstanding 493.0 515.3 537.8 560.6 577.2 (84.2)(14.6)%504.1 580.2 (76.1)(13.1)%
Weighted average common shares outstanding (fully diluted) 495.3 519.5 543.0 565.6 581.7 (86.4)(14.9)%507.3 584.6 (77.3)(13.2)%
(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,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021		2Q'22 vs. 2Q'21Jun 30,
2022		Jun 30,
2021		YTD'22 vs. YTD'21
PERFORMANCE METRICS
Return on assets(1)
3.4 %4.0 %3.4 %4.9 %5.3 %(1.9)%3.7 %4.8 %(1.1)%
Return on equity(2)
24.0 %27.5 %23.0 %32.1 %36.5 %(12.5)%25.8 %34.2 %(8.4)%
Return on tangible common equity(3)
30.3 %34.9 %28.7 %40.1 %46.3 %(16.0)%32.6 %43.6 %(11.0)%
Net interest margin(4)
15.60 %15.80 %15.77 %15.45 %13.78 %1.82 %15.70 %13.88 %1.82 %
Efficiency ratio(5)
37.7 %37.2 %41.1 %38.7 %39.6 %(1.9)%37.5 %37.8 %(0.3)%
Other expense as a % of average loan receivables, including held for sale5.21 %5.09 %5.44 %4.84 %4.95 %0.26 %5.15 %4.89 %0.26 %
Effective income tax rate24.6 %24.4 %22.3 %23.9 %24.3 %0.3 %24.5 %23.3 %1.2 %
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale2.73 %2.73 %2.37 %2.18 %3.57 %(0.84)%2.73 %3.59 %(0.86)%
30+ days past due as a % of period-end loan receivables(6)
2.74 %2.78 %2.62 %2.42 %2.11 %0.63 %2.74 %2.11 %0.63 %
90+ days past due as a % of period-end loan receivables(6)
1.22 %1.30 %1.17 %1.05 %1.00 %0.22 %1.22 %1.00 %0.22 %
Net charge-offs$567 $558 $489 $432 $684 $(117)(17.1)%$1,125 $1,383 $(258)(18.7)%
Loan receivables delinquent over 30 days(6)
$2,262 $2,194 $2,114 $1,850 $1,653 $609 36.9 %$2,262 $1,653 $609 36.9 %
Loan receivables delinquent over 90 days(6)
$1,005 $1,026 $942 $804 $784 $221 28.2 %$1,005 $784 $221 28.2 %
Allowance for credit losses (period-end)$8,808 $8,651 $8,688 $8,616 $9,023 $(215)(2.4)%$8,808 $9,023 $(215)(2.4)%
Allowance coverage ratio(7)
10.65 %10.96 %10.76 %11.28 %11.51 %(0.86)%10.65 %11.51 %(0.86)%
BUSINESS METRICS
Purchase volume(8)(9)
$47,217 $40,490 $47,072 $41,912 $42,121 $5,096 12.1 %$87,707 $76,870 $10,837 14.1 %
Period-end loan receivables$82,674 $78,916 $80,740 $76,388 $78,374 $4,300 5.5 %$82,674 $78,374 $4,300 5.5 %
Credit cards$78,062 $74,596 $76,628 $72,289 $74,429 $3,633 4.9 %$78,062 $74,429 $3,633 4.9 %
Consumer installment loans$2,847 $2,719 $2,675 $2,614 $2,507 $340 13.6 %$2,847 $2,507 $340 13.6 %
Commercial credit products$1,689 $1,530 $1,372 $1,401 $1,379 $310 22.5 %$1,689 $1,379 $310 22.5 %
Other$76 $71 $65 $84 $59 $17 28.8 %$76 $59 $17 28.8 %
Average loan receivables, including held for sale$83,412 $82,747 $81,784 $78,714 $76,821 $6,591 8.6 %$83,081 $77,585 $5,496 7.1 %
Period-end active accounts (in thousands)(9)(10)
65,969 69,122 72,420 67,245 66,892 (923)(1.4)%65,969 66,892 (923)(1.4)%
Average active accounts (in thousands)(9)(10)
68,671 70,127 69,397 67,189 65,810 2,861 4.3 %69,438 66,163 3,275 4.9 %
LIQUIDITY
Liquid assets
Cash and equivalents$10,682 $10,541 $8,337 $9,806 $11,117 $(435)(3.9)%$10,682 $11,117 $(435)(3.9)%
Total liquid assets$15,177 $14,687 $12,989 $14,664 $16,297 $(1,120)(6.9)%$15,177 $16,297 $(1,120)(6.9)%
Undrawn credit facilities
Undrawn credit facilities$3,700 $3,100 $2,700 $3,700 $4,900 $(1,200)(24.5)%$3,700 $4,900 $(1,200)(24.5)%
Total liquid assets and undrawn credit facilities$18,877 $17,787 $15,689 $18,364 $21,197 $(2,320)(10.9)%$18,877 $21,197 $(2,320)(10.9)%
Liquid assets % of total assets15.94 %15.42 %13.57 %15.95 %17.71 %(1.77)%15.94 %17.71 %(1.77)%
Liquid assets including undrawn credit facilities % of total assets19.83 %18.67 %16.39 %19.97 %23.04 %(3.21)%19.83 %23.04 %(3.21)%
(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,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021		2Q'22 vs. 2Q'21Jun 30,
2022		Jun 30,
2021		YTD'22 vs. YTD'21
Interest income: 
Interest and fees on loans$4,039 $4,008 $4,042 $3,887 $3,567 $472 13.2 %$8,047 $7,299 $748 10.2 %
Interest on cash and debt securities35 14 11 11 11 24 218.2 %49 21 28 133.3 %
Total interest income4,074 4,022 4,053 3,898 3,578 496 13.9 %8,096 7,320 776 10.6 %
Interest expense:
Interest on deposits160 127 119 131 146 14 9.6 %287 316 (29)(9.2)%
Interest on borrowings of consolidated securitization entities40 33 33 41 44 (4)(9.1)%73 95 (22)(23.2)%
Interest on senior unsecured notes72 73 71 68 76 (4)(5.3)%145 158 (13)(8.2)%
Total interest expense272 233 223 240 266 6 2.3 %505 569 (64)(11.2)%
Net interest income3,802 3,789 3,830 3,658 3,312 490 14.8 %7,591 6,751 840 12.4 %
Retailer share arrangements(1,127)(1,104)(1,267)(1,266)(1,006)(121)12.0 %(2,231)(1,995)(236)11.8 %
Provision for credit losses724 521 561 25 (194)918 NM1,245 140 1,105 NM
Net interest income, after retailer share arrangements and provision for credit losses1,951 2,164 2,002 2,367 2,500 (549)(22.0)%4,115 4,616 (501)(10.9)%
Other income:
Interchange revenue263 230 254 232 223 40 17.9 %493 394 99 25.1 %
Debt cancellation fees93 89 79 70 66 27 40.9 %182 135 47 34.8 %
Loyalty programs(322)(258)(310)(256)(247)(75)30.4 %(580)(426)(154)36.2 %
Other164 47 144 48 47 117 248.9 %211 117 94 80.3 %
Total other income198 108 167 94 89 109 122.5 %306 220 86 39.1 %
Other expense:
Employee costs404 402 409 369 359 45 12.5 %806 723 83 11.5 %
Professional fees185 210 207 196 189 (4)(2.1)%395 379 16 4.2 %
Marketing and business development135 116 167 110 114 21 18.4 %251 209 42 20.1 %
Information processing163 145 143 139 137 26 19.0 %308 268 40 14.9 %
Other196 166 196 147 149 47 31.5 %362 301 61 20.3 %
Total other expense1,083 1,039 1,122 961 948 135 14.2 %2,122 1,880 242 12.9 %
Earnings before provision for income taxes1,066 1,233 1,047 1,500 1,641 (575)(35.0)%2,299 2,956 (657)(22.2)%
Provision for income taxes262 301 234 359 399 (137)(34.3)%563 689 (126)(18.3)%
Net earnings$804 $932 $813 $1,141 $1,242 $(438)(35.3)%$1,736 $2,267 $(531)(23.4)%
Net earnings available to common stockholders$793 $922 $803 $1,130 $1,232 $(439)(35.6)%$1,715 $2,246 $(531)(23.6)%

3

SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
Quarter Ended
Jun 30,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021		Jun 30, 2022 vs. Jun 30, 2021
Assets
Cash and equivalents$10,682 $10,541 $8,337 $9,806 $11,117 $(435)(3.9)%
Debt securities5,012 4,677 5,283 5,444 5,728 (716)(12.5)%
Loan receivables:
Unsecuritized loans held for investment63,350 59,643 60,211 56,745 55,994 7,356 13.1 %
Restricted loans of consolidated securitization entities19,324 19,273 20,529 19,643 22,380 (3,056)(13.7)%
Total loan receivables82,674 78,916 80,740 76,388 78,374 4,300 5.5 %
Less: Allowance for credit losses(8,808)(8,651)(8,688)(8,616)(9,023)215 (2.4)%
Loan receivables, net73,866 70,265 72,052 67,772 69,351 4,515 6.5 %
Loan receivables held for sale— 4,046 4,361 3,450 — — NM
Goodwill1,105 1,105 1,105 1,105 1,105 — — %
Intangible assets, net1,118 1,149 1,168 1,090 1,098 20 1.8 %
Other assets3,417 3,484 3,442 3,270 3,618 (201)(5.6)%
Total assets$95,200 $95,267 $95,748 $91,937 $92,017 $3,183 3.5 %
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts$64,328 $63,180 $61,911 $59,998 $59,500 $4,828 8.1 %
Non-interest-bearing deposit accounts381 395 359 355 341 40 11.7 %
Total deposits64,709 63,575 62,270 60,353 59,841 4,868 8.1 %
Borrowings:
Borrowings of consolidated securitization entities5,687 6,139 7,288 6,288 6,987 (1,300)(18.6)%
Senior unsecured notes6,470 7,221 7,219 6,472 6,470 — — %
Total borrowings12,157 13,360 14,507 12,760 13,457 (1,300)(9.7)%
Accrued expenses and other liabilities4,941 4,914 5,316 4,888 4,522 419 9.3 %
Total liabilities81,807 81,849 82,093 78,001 77,820 3,987 5.1 %
Equity:
Preferred stock734 734 734 734 734 — — %
Common stock1 1 1 1 1 — — %
Additional paid-in capital9,663 9,643 9,669 9,649 9,620 43 0.4 %
Retained earnings15,679 15,003 14,245 13,562 12,560 3,119 24.8 %
Accumulated other comprehensive income (loss)(149)(121)(69)(64)(56)(93)166.1 %
Treasury stock(12,535)(11,842)(10,925)(9,946)(8,662)(3,873)44.7 %
Total equity13,393 13,418 13,655 13,936 14,197 (804)(5.7)%
Total liabilities and equity$95,200 $95,267 $95,748 $91,937 $92,017 $3,183 3.5 %

4

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Quarter Ended
Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021
InterestAverageInterestAverageInterestAverageInterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$9,249 $20 0.87 %$8,976 $5 0.23 %$9,024 $4 0.18 %$9,559 $3 0.12 %$13,584 $4 0.12 %
Securities available for sale5,063 15 1.19 %5,513 9 0.66 %5,517 7 0.50 %5,638 8 0.56 %5,988 7 0.47 %
Loan receivables, including held for sale:
Credit cards78,912 3,943 20.04 %78,564 3,913 20.20 %77,642 3,946 20.16 %74,686 3,793 20.15 %72,989 3,484 19.15 %
Consumer installment loans2,775 69 9.97 %2,682 66 9.98 %2,641 65 9.76 %2,555 64 9.94 %2,417 59 9.79 %
Commercial credit products1,654 25 6.06 %1,434 28 7.92 %1,434 30 8.30 %1,407 29 8.18 %1,363 23 6.77 %
Other71 2 11.30 67 1 NM67 1 NM66 1 NM52 1 NM
Total loan receivables, including held for sale83,412 4,039 19.42 %82,747 4,008 19.64 %81,784 4,042 19.61 %78,714 3,887 19.59 %76,821 3,567 18.62 %
Total interest-earning assets97,724 4,074 16.72 %97,236 4,022 16.78 %96,325 4,053 16.69 %93,911 3,898 16.47 %96,393 3,578 14.89 %
Non-interest-earning assets:
Cash and due from banks1,614 1,626 1,606 1,588 1,559 
Allowance for credit losses(8,651)(8,675)(8,648)(8,956)(9,801)
Other assets5,386 5,369 5,424 5,405 5,238 
Total non-interest-earning assets(1,651)(1,680)(1,618)(1,963)(3,004)
Total assets$96,073 $95,556 $94,707 $91,948 $93,389 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$63,961 $160 1.00 %$62,314 $127 0.83 %$61,090 $119 0.77 %$59,275 $131 0.88 %$60,761 $146 0.96 %
Borrowings of consolidated securitization entities6,563 40 2.44 %6,827 33 1.96 %7,105 33 1.84 %7,051 41 2.31 %7,149 44 2.47 %
Senior unsecured notes6,974 72 4.14 %7,219 73 4.10 %6,999 71 4.02 %6,471 68 4.17 %7,276 76 4.19 %
Total interest-bearing liabilities77,498 272 1.41 %76,360 233 1.24 %75,194 223 1.18 %72,797 240 1.31 %75,186 266 1.42 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts396 374 343 358 349 
Other liabilities4,717 5,091 5,137 4,676 4,199 
Total non-interest-bearing liabilities5,113 5,465 5,480 5,034 4,548 
Total liabilities82,611 81,825 80,674 77,831 79,734 
Equity
Total equity13,462 13,731 14,033 14,117 13,655 
Total liabilities and equity$96,073 $95,556 $94,707 $91,948 $93,389 
Net interest income$3,802 $3,789 $3,830 $3,658 $3,312 
Interest rate spread(1)
15.31 %15.54 %15.51 %15.16 %13.47 %
Net interest margin(2)
15.60 %15.80 %15.77 %15.45 %13.78 %
(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, 2022		Six Months Ended
Jun 30, 2021
InterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$9,113 $25 0.55 %$14,094 $8 0.11 %
Securities available for sale5,287 24 0.92 %6,378 13 0.41 %
Loan receivables, including held for sale:
Credit cards78,738 7,856 20.12 %73,921 7,141 19.48 %
Consumer installment loans2,729 135 9.98 %2,319 112 9.74 %
Commercial credit products1,545 53 6.92 %1,297 44 6.84 %
Other69 3 8.77 %48 2 8.40 %
Total loan receivables, including held for sale83,081 8,047 19.53 %77,585 7,299 18.97 %
Total interest-earning assets97,481 8,096 16.75 %98,057 7,320 15.05 %
Non-interest-earning assets:
Cash and due from banks1,620 1,597 
Allowance for loan losses(8,663)(10,012)
Other assets5,378 5,272 
Total non-interest-earning assets(1,665)(3,143)
Total assets$95,816 $94,914 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$63,142 $287 0.92 %$61,737 $316 1.03 %
Borrowings of consolidated securitization entities6,695 73 2.20 %7,420 95 2.58 %
Senior unsecured notes7,096 145 4.12 %7,619 158 4.18 %
Total interest-bearing liabilities76,933 505 1.32 %76,776 569 1.49 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts385 348 
Other liabilities4,903 4,425 
Total non-interest-bearing liabilities5,288 4,773 
Total liabilities82,221 81,549 
Equity
Total equity13,595 13,365 
Total liabilities and equity$95,816 $94,914 
Net interest income$7,591 $6,751 
Interest rate spread(1)
15.43 %13.56 %
Net interest margin(2)
15.70 %13.88 %
(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,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021		Jun 30, 2022 vs.
Jun 30, 2021
BALANCE SHEET STATISTICS
Total common equity$12,659 $12,684 $12,921 $13,202 $13,463 $(804)(6.0)%
Total common equity as a % of total assets13.30 %13.31 %13.49 %14.36 %14.63 %(1.33)%
Tangible assets$92,977 $93,013 $93,475 $89,742 $89,814 $3,163 3.5 %
Tangible common equity(1)
$10,436 $10,430 $10,648 $11,007 $11,260 $(824)(7.3)%
Tangible common equity as a % of tangible assets(1)
11.22 %11.21 %11.39 %12.27 %12.54 %(1.32)%
Tangible common equity per share(1)
$21.39 $20.60 $20.21 $20.12 $19.64 $1.75 8.9 %
REGULATORY CAPITAL RATIOS(2)(3)
Basel III - CECL Transition
Total risk-based capital ratio(4)
17.4 %17.2 %17.8 %19.3 %20.1 %
Tier 1 risk-based capital ratio(5)
16.1 %15.9 %16.5 %18.0 %18.7 %
Tier 1 leverage ratio(6)
13.8 %13.9 %14.7 %15.5 %15.6 %
Common equity Tier 1 capital ratio15.2 %15.0 %15.6 %17.1 %17.8 %
(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 ratios at June 30, 2022 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. Beginning in the first quarter of 2022, the effects are now being phased-in over a three-year transitional period through 2024.
(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

SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, unrounded, $ in millions)
Quarter EndedSix Months Ended
Jun 30,
2022		Mar 31,
2022		Dec 31,
 2021		Sep 30,
2021		Jun 30,
 2021		2Q'22 vs. 2Q'21Jun 30,
2022		Jun 30,
 2021		YTD'22vs. YTD'21
HOME & AUTO(6)
Purchase volume(1)
$12,895 $10,260 $10,919 $11,069 $11,523 $1,372 11.9 %$23,155 $20,860 $2,295 11.0 %
Period-end loan receivables$27,989 $26,532 $26,781 $26,210 $25,588 $2,401 9.4 %$27,989 $25,588 $2,401 9.4 %
Average loan receivables, including held for sale$27,106 $26,406 $26,455 $25,800 $25,111 $1,995 7.9 %$26,758 $25,191 $1,567 6.2 %
Average active accounts (in thousands)(3)
17,942 17,473 17,655 17,516 17,307 635 3.7 %17,746 17,250 496 2.9 %
Interest and fees on loans$1,108 $1,088 $1,126 $1,092 $993 $115 11.6 %$2,196 $2,029 $167 8.2 %
Other income$23 $21 $18 $18 $16 $7 43.8 %$44 $33 $11 33.3 %
DIGITAL
Purchase volume(1)
$12,463 $11,196 $13,451 $10,980 $10,930 $1,533 14.0 %$23,659 $20,270 $3,389 16.7 %
Period-end loan receivables$21,842 $21,075 $21,751 $19,636 $19,233 $2,609 13.6 %$21,842 $19,233 $2,609 13.6 %
Average loan receivables, including held for sale$21,255 $21,160 $20,388 $19,286 $18,783 $2,472 13.2 %$21,208 $19,108 $2,100 11.0 %
Average active accounts (in thousands)(3)
19,069 19,000 18,375 17,655 17,258 1,811 10.5 %19,042 17,298 1,744 10.1 %
Interest and fees on loans$1,058 $1,022 $1,025 $973 $891 $167 18.7 %$2,080 $1,794 $286 15.9 %
Other income$(13)$(12)$(28)$(19)$(28)$15 (53.6)%$(25)$(40)$15 (37.5)%
DIVERSIFIED & VALUE
Purchase volume(1)
$14,388 $11,558 $14,154 $12,006 $11,618 $2,770 23.8 %$25,946 $20,838 $5,108 24.5 %
Period-end loan receivables$16,076 $15,166 $16,075 $14,415 $14,357 $1,719 12.0 %$16,076 $14,357 $1,719 12.0 %
Average loan receivables, including held for sale$15,498 $15,128 $14,999 $14,328 $14,101 $1,397 9.9 %$15,314 $14,336 $978 6.8 %
Average active accounts (in thousands)(3)
19,026 19,201 18,829 17,903 17,301 1,725 10.0 %19,189 17,446 1,743 10.0 %
Interest and fees on loans$826 $826 $817 $780 $729 $97 13.3 %$1,652 $1,518 $134 8.8 %
Other income$(35)$(9)$(23)$(8)$(2)$(33)NM$(44)$3 $(47)NM
HEALTH & WELLNESS
Purchase volume(1)
$3,443 $3,107 $3,055 $3,024 $2,988 $455 15.2 %$6,550 $5,636 $914 16.2 %
Period-end loan receivables$10,932 $10,407 $10,244 $9,879 $9,515 $1,417 14.9 %$10,932 $9,515 $1,417 14.9 %
Average loan receivables, including held for sale$10,596 $10,251 $10,057 $9,654 $9,334 $1,262 13.5 %$10,424 $9,387 $1,037 11.0 %
Average active accounts (in thousands)(3)
6,177 6,027 5,922 5,707 5,585 592 10.6 %6,102 5,642 460 8.2 %
Interest and fees on loans$644 $616 $603 $587 $523 $121 23.1 %$1,260 $1,081 $179 16.6 %
Other income$49 $53 $42 $41 $36 $13 36.1 %$102 $76 $26 34.2 %
LIFESTYLE
Purchase volume(1)
$1,431 $1,195 $1,462 $1,298 $1,405 $26 1.9 %$2,626 $2,559 $67 2.6 %
Period-end loan receivables$5,558 $5,381 $5,479 $5,234 $5,158 $400 7.8 %$5,558 $5,158 $400 7.8 %
Average loan receivables, including held for sale$5,443 $5,379 $5,297 $5,185 $5,050 $393 7.8 %$5,411 $5,027 $384 7.6 %
Average active accounts (in thousands)(3)
2,510 2,582 2,548 2,465 2,442 68 2.8 %2,551 2,510 41 1.6 %
Interest and fees on loans$194 $191 $194 $187 $182 $12 6.6 %$385 $363 $22 6.1 %
Other income$7 $6 $6 $6 $6 $1 16.7 %$13 $11 $2 18.2 %
CORP, OTHER(4)(6)
Purchase volume(1)(2)
$2,597 $3,174 $4,031 $3,535 $3,657 $(1,060)(29.0)%$5,771 $6,707 $(936)(14.0)%
Period-end loan receivables(5)
$277 $355 $410 $1,014 $4,523 $(4,246)(93.9)%$277 $4,523 $(4,246)(93.9)%
Average loan receivables, including held for sale$3,514 $4,423 $4,588 $4,461 $4,442 $(928)(20.9)%$3,966 $4,536 $(570)(12.6)%
Average active accounts (in thousands)(2)(3)
3,947 5,844 6,068 5,943 5,917 (1,970)(33.3)%4,808 6,017 (1,209)(20.1)%
Interest and fees on loans$209 $265 $277 $268 $249 $(40)(16.1)%$474 $514 $(40)(7.8)%
Other income$167 $49 $152 $56 $61 $106 173.8 %$216 $137 $79 57.7 %
TOTAL SYF
Purchase volume(1)(2)
$47,217 $40,490 $47,072 $41,912 $42,121 $5,096 12.1 %$87,707 $76,870 $10,837 14.1 %
Period-end loan receivables(5)
$82,674 $78,916 $80,740 $76,388 $78,374 $4,300 5.5 %$82,674 $78,374 $4,300 5.5 %
Average loan receivables, including held for sale$83,412 $82,747 $81,784 $78,714 $76,821 $6,591 8.6 %$83,081 $77,585 $5,496 7.1 %
Average active accounts (in thousands)(2)(3)
68,671 70,127 69,397 67,189 65,810 2,861 4.3 %69,438 66,163 3,275 4.9 %
Interest and fees on loans$4,039 $4,008 $4,042 $3,887 $3,567 $472 13.2 %$8,047 $7,299 $748 10.2 %
Other income$198 $108 $167 $94 $89 $109 122.5 %$306 $220 $86 39.1 %
(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 the Gap Inc. and BP portfolios which were both sold in 2Q 2022.
(5) Reflects the reclassification of $3.5 billion and $0.5 billion to loan receivables held for sale in 3Q 2021 and 4Q 2021, respectively.
(6) In December 2021, we entered into an agreement to sell $0.5 billion of loan receivables associated with our program agreement with BP. In connection with this agreement, revenue activities for the BP portfolio are no longer managed within our Home & Auto sales platform. All metrics for the BP portfolio previously reported within our Home & Auto sales platform, are now reported within our Corp, Other information. We have recast all prior-period reported metrics for our Home & Auto sales platform and Corp, Other to conform to the current-period presentation.
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,
2022		Mar 31,
2022		Dec 31,
2021		Sep 30,
2021		Jun 30,
2021
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity$13,393 $13,418 $13,655 $13,936 $14,197 
Less: Preferred stock(734)(734)(734)(734)(734)
Less: Goodwill(1,105)(1,105)(1,105)(1,105)(1,105)
Less: Intangible assets, net(1,118)(1,149)(1,168)(1,090)(1,098)
Tangible common equity$10,436 $10,430 $10,648 $11,007 $11,260 
Add: CECL transition amount1,719 1,719 2,292 2,274 2,376 
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)391 371 329 299 301 
Common equity Tier 1 $12,546 $12,520 $13,269 $13,580 $13,937 
Preferred stock734 734 734 734 734 
Tier 1 capital$13,280 $13,254 $14,003 $14,314 $14,671 
Add: Allowance for credit losses includible in risk-based capital1,099 1,106 1,119 1,052 1,039 
Total Risk-based capital$14,379 $14,360 $15,122 $15,366 $15,710 
ASSET MEASURES(2)
Total average assets$96,073 $95,556 $94,707 $91,948 $93,389 
Adjustments for:
Add: CECL transition amount1,719 1,719 2,292 2,274 2,376 
Disallowed goodwill and other disallowed intangible assets
(net of related deferred tax liabilities) and other		(1,878)(1,964)(1,999)(1,960)(1,965)
Total assets for leverage purposes$95,914 $95,311 $95,000 $92,262 $93,800 
Risk-weighted assets$82,499 $83,251 $84,950 $79,597 $78,281 
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital$13,280 $13,254 $14,003 $14,314 $14,671 
Less: CECL transition adjustment(1,719)(1,719)(2,292)(2,274)(2,376)
Tier 1 capital (CECL fully phased-in)$11,561 $11,535 $11,711 $12,040 $12,295 
Add: Allowance for credit losses8,808 8,651 8,688 8,616 9,023 
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses$20,369 $20,186 $20,399 $20,656 $21,318 
Risk-weighted assets$82,499 $83,251 $84,950 $79,597 $78,281 
Less: CECL transition adjustment(870)(870)(1,353)(2,065)(2,166)
Risk-weighted assets (CECL fully phased-in)$81,629 $82,381 $83,597 $77,532 $76,115 
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share$25.95 $25.06 $24.53 $24.13 $23.48 
Less: Goodwill(2.27)(2.18)(2.10)(2.02)(1.93)
Less: Intangible assets, net(2.29)(2.28)(2.22)(1.99)(1.91)
Tangible common equity per share$21.39 $20.60 $20.21 $20.12 $19.64 
(1) Regulatory measures at June 30, 2022 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. Beginning in the first quarter of 2022, the effects are now being phased-in over a three-year transitional period through 2024.

9

SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES (Continued)
(unaudited, $ in millions)
Quarter Ended
Jun 30,
2022		Jun 30,
2021
CORE PURCHASE VOLUME
Purchase Volume$47,217 $42,121 
Less: Gap and BP Purchase volume(2,597)(3,636)
Core Purchase volume$44,620 $38,485 
CORE LOAN RECEIVABLES
Loan receivables$82,674 $78,374 
Less: Gap Loan receivables(174)(3,839)
Less: BP Loan receivables— (524)
Core Loan receivables$82,500 $74,011 
CORE AVERAGE ACTIVE ACCOUNTS (in thousands)
Average active accounts 68,671 65,810 
Less: Gap and BP Average active accounts (3,902)(5,811)
Core Average active accounts 64,769 59,999 
CORE NEW ACCOUNTS (in millions)
New accounts6.0 6.3 
Less: Gap and BP New accounts (0.1)(0.5)
Core New accounts5.9 5.8 
10