Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
Quarter EndedTwelve Months Ended
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		4Q'22 vs. 4Q'21Dec 31,
2022		Dec 31,
2021		YTD'22 vs. YTD'21
EARNINGS
Net interest income$4,106 $3,928 $3,802 $3,789 $3,830 $276 7.2 %$15,625  $14,239 $1,386 9.7 %
Retailer share arrangements(1,043)(1,057)(1,127)(1,104)(1,267)224 (17.7)%(4,331)(4,528)197 (4.4)%
Provision for credit losses1,201 929 724 521 561 640 114.1 %3,375 726 2,649 NM
Net interest income, after retailer share arrangements and provision for credit losses1,862 1,942 1,951 2,164 2,002 (140)(7.0)%7,919 8,985 (1,066)(11.9)%
Other income30 44 198 108 167 (137)(82.0)%380 481 (101)(21.0)%
Other expense1,151 1,064 1,083 1,039 1,122 29 2.6 %4,337 3,963 374 9.4 %
Earnings before provision for income taxes741 922 1,066 1,233 1,047 (306)(29.2)%3,962 5,503 (1,541)(28.0)%
Provision for income taxes164 219 262 301 234 (70)(29.9)%946 1,282 (336)(26.2)%
Net earnings$577 $703 $804 $932 $813 $(236)(29.0)%$3,016 $4,221 $(1,205)(28.5)%
Net earnings available to common stockholders$567 $692 $793 $922 $803 $(236)(29.4)%$2,974 $4,179 $(1,205)(28.8)%
COMMON SHARE STATISTICS
Basic EPS $1.27 $1.48 $1.61 $1.79 $1.49 $(0.22)(14.8)%$6.19 $7.40 $(1.21)(16.4)%
Diluted EPS $1.26 $1.47 $1.60 $1.77 $1.48 $(0.22)(14.9)%$6.15 $7.34 $(1.19)(16.2)%
Dividend declared per share$0.23 $0.23 $0.22 $0.22 $0.22 $0.01 4.5 %$0.90 $0.88 $0.02 2.3 %
Common stock price$32.86 $28.19 $27.62 $34.82 $46.39 $(13.53)(29.2)%$32.86 $46.39 $(13.53)(29.2)%
Book value per share $27.70 $26.76 $25.95 $25.06 $24.53 $3.17 12.9 %$27.70 $24.53 $3.17 12.9 %
Tangible common equity per share(1)
$22.24 $22.10 $21.39 $20.60 $20.21 $2.03 10.0 %$22.24 $20.21 $2.03 10.0 %
Beginning common shares outstanding458.9 487.8 506.2 526.8 547.2 (88.3)(16.1)%526.8 584.0 (57.2)(9.8)%
Issuance of common shares— — — — — — — %— — — — %
Stock-based compensation0.1 0.4 0.2 1.4 0.1 — — %2.1 3.8 (1.7)(44.7)%
Shares repurchased(20.8)(29.3)(18.6)(22.0)(20.5)(0.3)1.5 %(90.7)(61.0)(29.7)48.7 %
Ending common shares outstanding438.2 458.9 487.8 506.2 526.8 (88.6)(16.8)%438.2 526.8 (88.6)(16.8)%
Weighted average common shares outstanding 445.8 468.5 493.0 515.3 537.8 (92.0)(17.1)%480.4 564.6 (84.2)(14.9)%
Weighted average common shares outstanding (fully diluted) 448.9 470.7 495.3 519.5 543.0 (94.1)(17.3)%483.4 569.3 (85.9)(15.1)%
(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 EndedTwelve Months Ended
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		4Q'22 vs. 4Q'21Dec 31,
2022		Dec 31,
2021		YTD'22 vs. YTD'21
PERFORMANCE METRICS
Return on assets(1)
2.2 %2.8 %3.4 %4.0 %3.4 %(1.2)%3.1 %4.5 %(1.4)%
Return on equity(2)
17.5 %21.1 %24.0 %27.5 %23.0 %(5.5)%22.6 %30.8 %(8.2)%
Return on tangible common equity(3)
22.1 %26.6 %30.3 %34.9 %28.7 %(6.6)%28.5 %38.8 %(10.3)%
Net interest margin(4)
15.58 %15.52 %15.60 %15.80 %15.77 %(0.19)%15.63 %14.74 %0.89 %
Efficiency ratio(5)
37.2 %36.5 %37.7 %37.2 %41.1 %(3.9)%37.2 %38.9 %(1.7)%
Other expense as a % of average loan receivables, including held for sale5.16 %5.02 %5.21 %5.09 %5.44 %(0.28)%5.12 %5.02 %0.10 %
Effective income tax rate22.1 %23.8 %24.6 %24.4 %22.3 %(0.2)%23.9 %23.3 %0.6 %
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale3.48 %3.00 %2.73 %2.73 %2.37 %1.11 %3.00 %2.92 %0.08 %
30+ days past due as a % of period-end loan receivables(6)
3.65 %3.28 %2.74 %2.78 %2.62 %1.03 %3.65 %2.62 %1.03 %
90+ days past due as a % of period-end loan receivables(6)
1.69 %1.43 %1.22 %1.30 %1.17 %0.52 %1.69 %1.17 %0.52 %
Net charge-offs$776 $635 $567 $558 $489 $287 58.7 %$2,536 $2,304 $232 10.1 %
Loan receivables delinquent over 30 days(6)
$3,377 $2,818 $2,262 $2,194 $2,114 $1,263 59.7 %$3,377 $2,114 $1,263 59.7 %
Loan receivables delinquent over 90 days(6)
$1,562 $1,232 $1,005 $1,026 $942 $620 65.8 %$1,562 $942 $620 65.8 %
Allowance for credit losses (period-end)$9,527 $9,102 $8,808 $8,651 $8,688 $839 9.7 %$9,527 $8,688 $839 9.7 %
Allowance coverage ratio(7)
10.30 %10.58 %10.65 %10.96 %10.76 %(0.46)%10.30 %10.76 %(0.46)%
BUSINESS METRICS
Purchase volume(8)(9)
$47,923 $44,557 $47,217 $40,490 $47,072 $851 1.8 %$180,187 $165,854 $14,333 8.6 %
Period-end loan receivables$92,470 $86,012 $82,674 $78,916 $80,740 $11,730 14.5 %$92,470 $80,740 $11,730 14.5 %
Credit cards$87,630 $81,254 $78,062 $74,596 $76,628 $11,002 14.4 %$87,630 $76,628 $11,002 14.4 %
Consumer installment loans$3,056 $2,945 $2,847 $2,719 $2,675 $381 14.2 %$3,056 $2,675 $381 14.2 %
Commercial credit products$1,682 $1,723 $1,689 $1,530 $1,372 $310 22.6 %$1,682 $1,372 $310 22.6 %
Other$102 $90 $76 $71 $65 $37 56.9 %$102 $65 $37 56.9 %
Average loan receivables, including held for sale$88,436 $84,038 $83,412 $82,747 $81,784 $6,652 8.1 %$84,672 $78,928 $5,744 7.3 %
Period-end active accounts (in thousands)(9)(10)
70,763 66,503 65,969 69,122 72,420 (1,657)(2.3)%70,763 72,420 (1,657)(2.3)%
Average active accounts (in thousands)(9)(10)
68,373 66,266 68,671 70,127 69,397 (1,024)(1.5)%68,627 67,334 1,293 1.9 %
LIQUIDITY
Liquid assets
Cash and equivalents$10,294 $11,962 $10,682 $10,541 $8,337 $1,957 23.5 %$10,294 $8,337 $1,957 23.5 %
Total liquid assets$14,201 $16,566 $15,177 $14,687 $12,989 $1,212 9.3 %$14,201 $12,989 $1,212 9.3 %
Undrawn credit facilities
Undrawn credit facilities$2,950 $3,700 $3,700 $3,100 $2,700 $250 9.3 %$2,950 $2,700 $250 9.3 %
Total liquid assets and undrawn credit facilities$17,151 $20,266 $18,877 $17,787 $15,689 $1,462 9.3 %$17,151 $15,689 $1,462 9.3 %
Liquid assets % of total assets13.58 %16.44 %15.94 %15.42 %13.57 %0.01 %13.58 %13.57 %0.01 %
Liquid assets including undrawn credit facilities % of total assets16.40 %20.11 %19.83 %18.67 %16.39 %0.01 %16.40 %16.39 %0.01 %
(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 EndedTwelve Months Ended
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		4Q'22 vs. 4Q'21Dec 31,
2022		Dec 31,
2021		YTD'22 vs. YTD'21
Interest income: 
Interest and fees on loans$4,576 $4,258 $4,039 $4,008 $4,042 $534 13.2 %$16,881 $15,228 $1,653 10.9 %
Interest on cash and debt securities132 84 35 14 11 121 NM265 43 222 NM
Total interest income4,708 4,342 4,074 4,022 4,053 655 16.2 %17,146 15,271 1,875 12.3 %
Interest expense:
Interest on deposits441 280 160 127 119 322 270.6 %1,008 566 442 78.1 %
Interest on borrowings of consolidated securitization entities69 54 40 33 33 36 109.1 %196 169 27 16.0 %
Interest on senior unsecured notes92 80 72 73 71 21 29.6 %317 297 20 6.7 %
Total interest expense602 414 272 233 223 379 170.0 %1,521 1,032 489 47.4 %
Net interest income4,106 3,928 3,802 3,789 3,830 276 7.2 %15,625 14,239 1,386 9.7 %
Retailer share arrangements(1,043)(1,057)(1,127)(1,104)(1,267)224 (17.7)%(4,331)(4,528)197 (4.4)%
Provision for credit losses1,201 929 724 521 561 640 114.1 %3,375 726 2,649 NM
Net interest income, after retailer share arrangements and provision for credit losses1,862 1,942 1,951 2,164 2,002 (140)(7.0)%7,919 8,985 (1,066)(11.9)%
Other income:
Interchange revenue251 238 263 230 254 (3)(1.2)%982 880 102 11.6 %
Debt cancellation fees102 103 93 89 79 23 29.1 %387 284 103 36.3 %
Loyalty programs(351)(326)(322)(258)(310)(41)13.2 %(1,257)(992)(265)26.7 %
Other28 29 164 47 144 (116)(80.6)%268 309 (41)(13.3)%
Total other income30 44 198 108 167 (137)(82.0)%380 481 (101)(21.0)%
Other expense:
Employee costs459 416 404 402 409 50 12.2 %1,681 1,501 180 12.0 %
Professional fees233 204 185 210 207 26 12.6 %832 782 50 6.4 %
Marketing and business development121 115 135 116 167 (46)(27.5)%487 486 1 0.2 %
Information processing165 150 163 145 143 22 15.4 %623 550 73 13.3 %
Other173 179 196 166 196 (23)(11.7)%714 644 70 10.9 %
Total other expense1,151 1,064 1,083 1,039 1,122 29 2.6 %4,337 3,963 374 9.4 %
Earnings before provision for income taxes741 922 1,066 1,233 1,047 (306)(29.2)%3,962 5,503 (1,541)(28.0)%
Provision for income taxes164 219 262 301 234 (70)(29.9)%946 1,282 (336)(26.2)%
Net earnings$577 $703 $804 $932 $813 $(236)(29.0)%$3,016 $4,221 $(1,205)(28.5)%
Net earnings available to common stockholders$567 $692 $793 $922 $803 $(236)(29.4)%$2,974 $4,179 $(1,205)(28.8)%

3

SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
Quarter Ended
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Dec 31, 2022 vs. Dec 31, 2021
Assets
Cash and equivalents$10,294 $11,962 $10,682 $10,541 $8,337 $1,957 23.5 %
Debt securities4,879 5,082 5,012 4,677 5,283 (404)(7.6)%
Loan receivables:
Unsecuritized loans held for investment72,638 67,651 63,350 59,643 60,211 12,427 20.6 %
Restricted loans of consolidated securitization entities19,832 18,361 19,324 19,273 20,529 (697)(3.4)%
Total loan receivables92,470 86,012 82,674 78,916 80,740 11,730 14.5 %
Less: Allowance for credit losses(9,527)(9,102)(8,808)(8,651)(8,688)(839)9.7 %
Loan receivables, net82,943 76,910 73,866 70,265 72,052 10,891 15.1 %
Loan receivables held for sale— — — 4,046 4,361 (4,361)(100.0)%
Goodwill1,105 1,105 1,105 1,105 1,105 — — %
Intangible assets, net1,287 1,033 1,118 1,149 1,168 119 10.2 %
Other assets4,056 4,674 3,417 3,484 3,442 614 17.8 %
Total assets$104,564 $100,766 $95,200 $95,267 $95,748 $8,816 9.2 %
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts$71,336 $68,032 $64,328 $63,180 $61,911 $9,425 15.2 %
Non-interest-bearing deposit accounts399 372 381 395 359 40 11.1 %
Total deposits71,735 68,404 64,709 63,575 62,270 9,465 15.2 %
Borrowings:
Borrowings of consolidated securitization entities6,227 6,360 5,687 6,139 7,288 (1,061)(14.6)%
Senior unsecured notes7,964 7,961 6,470 7,221 7,219 745 10.3 %
Total borrowings14,191 14,321 12,157 13,360 14,507 (316)(2.2)%
Accrued expenses and other liabilities5,765 5,029 4,941 4,914 5,316 449 8.4 %
Total liabilities91,691 87,754 81,807 81,849 82,093 9,598 11.7 %
Equity:
Preferred stock734 734 734 734 734 — — %
Common stock1 1 1 1 1 — — %
Additional paid-in capital9,718 9,685 9,663 9,643 9,669 49 0.5 %
Retained earnings16,716 16,252 15,679 15,003 14,245 2,471 17.3 %
Accumulated other comprehensive income (loss)(125)(187)(149)(121)(69)(56)81.2 %
Treasury stock(14,171)(13,473)(12,535)(11,842)(10,925)(3,246)29.7 %
Total equity12,873 13,012 13,393 13,418 13,655 (782)(5.7)%
Total liabilities and equity$104,564 $100,766 $95,200 $95,267 $95,748 $8,816 9.2 %

4

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Quarter Ended
Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021
InterestAverageInterestAverageInterestAverageInterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$11,092 $104 3.72 %$11,506 $65 2.24 %$9,249 $20 0.87 %$8,976 $5 0.23 %$9,024 $4 0.18 %
Securities available for sale5,002 28 2.22 %4,861 19 1.55 %5,063 15 1.19 %5,513 9 0.66 %5,517 7 0.50 %
Loan receivables, including held for sale:
Credit cards83,597 4,462 21.18 %79,354 4,153 20.76 %78,912 3,943 20.04 %78,564 3,913 20.20 %77,642 3,946 20.16 %
Consumer installment loans2,991 78 10.35 %2,884 74 10.18 %2,775 69 9.97 %2,682 66 9.98 %2,641 65 9.76 %
Commercial credit products1,757 34 7.68 %1,720 30 6.92 %1,654 25 6.06 %1,434 28 7.92 %1,434 30 8.30 %
Other91 2 8.72 %80 1 4.96 %71 2 11.30 %67 1 NM67 1 NM
Total loan receivables, including held for sale88,436 4,576 20.53 %84,038 4,258 20.10 %83,412 4,039 19.42 %82,747 4,008 19.64 %81,784 4,042 19.61 %
Total interest-earning assets104,530 4,708 17.87 %100,405 4,342 17.16 %97,724 4,074 16.72 %97,236 4,022 16.78 %96,325 4,053 16.69 %
Non-interest-earning assets:
Cash and due from banks1,071 1,580 1,614 1,626 1,606 
Allowance for credit losses(9,167)(8,878)(8,651)(8,675)(8,648)
Other assets5,772 5,587 5,386 5,369 5,424 
Total non-interest-earning assets(2,324)(1,711)(1,651)(1,680)(1,618)
Total assets$102,206 $98,694 $96,073 $95,556 $94,707 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$69,343 $441 2.52 %$66,787 $280 1.66 %$63,961 $160 1.00 %$62,314 $127 0.83 %$61,090 $119 0.77 %
Borrowings of consolidated securitization entities6,231 69 4.39 %6,258 54 3.42 %6,563 40 2.44 %6,827 33 1.96 %7,105 33 1.84 %
Senior unsecured notes7,962 92 4.58 %7,102 80 4.47 %6,974 72 4.14 %7,219 73 4.10 %6,999 71 4.02 %
Total interest-bearing liabilities83,536 602 2.86 %80,147 414 2.05 %77,498 272 1.41 %76,360 233 1.24 %75,194 223 1.18 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts388 371 396 374 343 
Other liabilities5,217 4,938 4,717 5,091 5,137 
Total non-interest-bearing liabilities5,605 5,309 5,113 5,465 5,480 
Total liabilities89,141 85,456 82,611 81,825 80,674 
Equity
Total equity13,065 13,238 13,462 13,731 14,033 
Total liabilities and equity$102,206 $98,694 $96,073 $95,556 $94,707 
Net interest income$4,106 $3,928 $3,802 $3,789 $3,830 
Interest rate spread(1)
15.01 %15.11 %15.31 %15.54 %15.51 %
Net interest margin(2)
15.58 %15.52 %15.60 %15.80 %15.77 %
(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)
Twelve Months Ended
Dec 31, 2022		Twelve Months Ended
Dec 31, 2021
InterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/
BalanceExpenseRateBalanceExpenseRate
Assets
Interest-earning assets:
Interest-earning cash and equivalents$10,215 $194 1.90 %$11,673 $15 0.13 %
Securities available for sale5,108 71 1.39 %5,975 28 0.47 %
Loan receivables, including held for sale:
Credit cards80,119 16,471 20.56 %75,052 14,880 19.83 %
Consumer installment loans2,834 287 10.13 %2,460 241 9.80 %
Commercial credit products1,642 117 7.13 %1,359 103 7.58 %
Other77 6 7.79 %57 4 7.02 %
Total loan receivables, including held for sale84,672 16,881 19.94 %78,928 15,228 19.29 %
Total interest-earning assets99,995 17,146 17.15 %96,576 15,271 15.81 %
Non-interest-earning assets:
Cash and due from banks1,472 1,597 
Allowance for loan losses(8,844)(9,402)
Other assets5,529 5,343 
Total non-interest-earning assets(1,843)(2,462)
Total assets$98,152 $94,114 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$65,624 $1,008 1.54 %$60,953 $566 0.93 %
Borrowings of consolidated securitization entities6,468 196 3.03 %7,248 169 2.33 %
Senior unsecured notes7,315 317 4.33 %7,173 297 4.14 %
Total interest-bearing liabilities79,407 1,521 1.92 %75,374 1,032 1.37 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts382 349 
Other liabilities4,991 4,668 
Total non-interest-bearing liabilities5,373 5,017 
Total liabilities84,780 80,391 
Equity
Total equity13,372 13,723 
Total liabilities and equity$98,152 $94,114 
Net interest income$15,625 $14,239 
Interest rate spread(1)
15.23 %14.44 %
Net interest margin(2)
15.63 %14.74 %
(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
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		Dec 31, 2022 vs.
Dec 31, 2021
BALANCE SHEET STATISTICS
Total common equity$12,139 $12,278 $12,659 $12,684 $12,921 $(782)(6.1)%
Total common equity as a % of total assets11.61 %12.18 %13.30 %13.31 %13.49 %(1.88)%
Tangible assets$102,172 $98,628 $92,977 $93,013 $93,475 $8,697 9.3 %
Tangible common equity(1)
$9,747 $10,140 $10,436 $10,430 $10,648 $(901)(8.5)%
Tangible common equity as a % of tangible assets(1)
9.54 %10.28 %11.22 %11.21 %11.39 %(1.85)%
Tangible common equity per share(1)
$22.24 $22.10 $21.39 $20.60 $20.21 $2.03 10.0 %
REGULATORY CAPITAL RATIOS(2)(3)
Basel III - CECL Transition
Total risk-based capital ratio(4)
15.0 %16.5 %17.4 %17.2 %17.8 %
Tier 1 risk-based capital ratio(5)
13.6 %15.2 %16.1 %15.9 %16.5 %
Tier 1 leverage ratio(6)
12.3 %13.2 %13.8 %13.9 %14.7 %
Common equity Tier 1 capital ratio12.8 %14.3 %15.2 %15.0 %15.6 %
(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 Deceember 31, 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.

7

SYNCHRONY FINANCIAL
PLATFORM RESULTS
(unaudited, $ in millions)
Quarter EndedTwelve Months Ended
Dec 31,
2022		Sep 30,
2022		June 30,
2022		Mar 31,
2022		Dec 31,
2021		4Q'22 vs. 4Q'21Dec 31,
2022		Dec 31,
2021		YTD'22vs. YTD'21
HOME & AUTO(6)
Purchase volume(1)
$11,860 $12,273 $12,895 $10,260 $10,919 $941 8.6 %$47,288 $42,848 $4,440 10.4 %
Period-end loan receivables$29,978 $29,017 $27,989 $26,532 $26,781 $3,197 11.9 %$29,978 $26,781 $3,197 11.9 %
Average loan receivables, including held for sale$29,402 $28,387 $27,106 $26,406 $26,455 $2,947 11.1 %$27,835 $25,663 $2,172 8.5 %
Average active accounts (in thousands)(3)
18,539 18,350 17,942 17,473 17,655 884 5.0 %18,080 17,414 666 3.8 %
Interest and fees on loans$1,264 $1,210 $1,108 $1,088 $1,126 $138 12.3 %$4,670 $4,247 $423 10.0 %
Other income$23 $20 $23 $21 $18 $5 27.8 %$87 $69 $18 26.1 %
DIGITAL
Purchase volume(1)
$14,794 $12,941 $12,463 $11,196 $13,451 $1,343 10.0 %$51,394 $44,701 $6,693 15.0 %
Period-end loan receivables$25,522 $22,925 $21,842 $21,075 $21,751 $3,771 17.3 %$25,522 $21,751 $3,771 17.3 %
Average loan receivables, including held for sale$23,931 $22,361 $21,255 $21,160 $20,388 $3,543 17.4 %$22,185 $19,475 $2,710 13.9 %
Average active accounts (in thousands)(3)
20,073 19,418 19,069 19,000 18,375 1,698 9.2 %19,421 17,685 1,736 9.8 %
Interest and fees on loans$1,322 $1,197 $1,058 $1,022 $1,025 $297 29.0 %$4,599 $3,792 $807 21.3 %
Other income$(14)$(22)$(13)$(12)$(28)$14 (50.0)%$(61)$(87)$26 (29.9)%
DIVERSIFIED & VALUE
Purchase volume(1)
$16,266 $14,454 $14,388 $11,558 $14,154 $2,112 14.9 %$56,666 $46,998 $9,668 20.6 %
Period-end loan receivables$18,617 $16,566 $16,076 $15,166 $16,075 $2,542 15.8 %$18,617 $16,075 $2,542 15.8 %
Average loan receivables, including held for sale$17,274 $16,243 $15,498 $15,128 $14,999 $2,275 15.2 %$16,042 $14,501 $1,541 10.6 %
Average active accounts (in thousands)(3)
20,386 19,411 19,026 19,201 18,829 1,557 8.3 %19,594 17,953 1,641 9.1 %
Interest and fees on loans$1,023 $935 $826 $826 $817 $206 25.2 %$3,610 $3,115 $495 15.9 %
Other income$(42)$(19)$(35)$(9)$(23)$(19)82.6 %$(105)$(28)$(77)275.0 %
HEALTH & WELLNESS
Purchase volume(1)
$3,505 $3,514 $3,443 $3,107 $3,055 $450 14.7 %$13,569 $11,715 $1,854 15.8 %
Period-end loan receivables$12,179 $11,590 $10,932 $10,407 $10,244 $1,935 18.9 %$12,179 $10,244 $1,935 18.9 %
Average loan receivables, including held for sale$11,846 $11,187 $10,596 $10,251 $10,057 $1,789 17.8 %$10,975 $9,623 $1,352 14.0 %
Average active accounts (in thousands)(3)
6,673 6,411 6,177 6,027 5,922 751 12.7 %6,326 5,739 587 10.2 %
Interest and fees on loans$744 $706 $644 $616 $603 $141 23.4 %$2,710 $2,271 $439 19.3 %
Other income$60 $55 $49 $53 $42 $18 42.9 %$217 $159 $58 36.5 %
LIFESTYLE
Purchase volume(1)
$1,498 $1,374 $1,431 $1,195 $1,462 $36 2.5 %$5,498 $5,319 $179 3.4 %
Period-end loan receivables$5,970 $5,686 $5,558 $5,381 $5,479 $491 9.0 %$5,970 $5,479 $491 9.0 %
Average loan receivables, including held for sale$5,772 $5,610 $5,443 $5,379 $5,297 $475 9.0 %$5,552 $5,135 $417 8.1 %
Average active accounts (in thousands)(3)
2,585 2,524 2,510 2,582 2,548 37 1.5 %2,559 2,515 44 1.7 %
Interest and fees on loans$221 $208 $194 $191 $194 $27 13.9 %$814 $744 $70 9.4 %
Other income$7 $8 $7 $6 $6 $1 16.7 %$28 $23 $5 21.7 %
CORP, OTHER(4)(6)
Purchase volume(1)(2)
$— $1 $2,597 $3,174 $4,031 $(4,031)(100.0)%$5,772 $14,273 $(8,501)(59.6)%
Period-end loan receivables(5)
$204 $228 $277 $355 $410 $(206)(50.2)%$204 $410 $(206)(50.2)%
Average loan receivables, including held for sale$211 $250 $3,514 $4,423 $4,588 $(4,377)(95.4)%$2,083 $4,531 $(2,448)(54.0)%
Average active accounts (in thousands)(2)(3)
117 152 3,947 5,844 6,068 (5,951)(98.1)%2,647 6,028 (3,381)(56.1)%
Interest and fees on loans$2 $2 $209 $265 $277 $(275)(99.3)%$478 $1,059 $(581)(54.9)%
Other income$(4)$2 $167 $49 $152 $(156)(102.6)%$214 $345 $(131)(38.0)%
TOTAL SYF
Purchase volume(1)(2)
$47,923 $44,557 $47,217 $40,490 $47,072 $851 1.8 %$180,187 $165,854 $14,333 8.6 %
Period-end loan receivables(5)
$92,470 $86,012 $82,674 $78,916 $80,740 $11,730 14.5 %$92,470 $80,740 $11,730 14.5 %
Average loan receivables, including held for sale$88,436 $84,038 $83,412 $82,747 $81,784 $6,652 8.1 %$84,672 $78,928 $5,744 7.3 %
Average active accounts (in thousands)(2)(3)
68,373 66,266 68,671 70,127 69,397 (1,024)(1.5)%68,627 67,334 1,293 1.9 %
Interest and fees on loans$4,576 $4,258 $4,039 $4,008 $4,042 $534 13.2 %$16,881 $15,228 $1,653 10.9 %
Other income$30 $44 $198 $108 $167 $(137)(82.0)%$380 $481 $(101)(21.0)%
(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 $0.5 billion to loan receivables held for sale in 4Q 2021.
(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
Dec 31,
2022		Sep 30,
2022		Jun 30,
2022		Mar 31,
2022		Dec 31,
2021
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity$12,873 $13,012 $13,393 $13,418 $13,655 
Less: Preferred stock(734)(734)(734)(734)(734)
Less: Goodwill(1,105)(1,105)(1,105)(1,105)(1,105)
Less: Intangible assets, net(1,287)(1,033)(1,118)(1,149)(1,168)
Tangible common equity$9,747 $10,140 $10,436 $10,430 $10,648 
Add: CECL transition amount1,719 1,719 1,719 1,719 2,292 
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)293 419 391 371 329 
Common equity Tier 1 $11,759 $12,278 $12,546 $12,520 $13,269 
Preferred stock734 734 734 734 734 
Tier 1 capital$12,493 $13,012 $13,280 $13,254 $14,003 
Add: Allowance for credit losses includible in risk-based capital1,220 1,142 1,099 1,106 1,119 
Total Risk-based capital$13,713 $14,154 $14,379 $14,360 $15,122 
ASSET MEASURES(2)
Total average assets$102,206 $98,694 $96,073 $95,556 $94,707 
Adjustments for:
Add: CECL transition amount1,719 1,719 1,719 1,719 2,292 
Less: Disallowed goodwill and other disallowed intangible assets
(net of related deferred tax liabilities) and other		(2,046)(1,776)(1,878)(1,964)(1,999)
Total assets for leverage purposes$101,879 $98,637 $95,914 $95,311 $95,000 
Risk-weighted assets$91,596 $85,664 $82,499 $83,251 $84,950 
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital$12,493 $13,012 $13,280 $13,254 $14,003 
Less: CECL transition adjustment(1,719)(1,719)(1,719)(1,719)(2,292)
Tier 1 capital (CECL fully phased-in)$10,774 $11,293 $11,561 $11,535 $11,711 
Add: Allowance for credit losses9,527 9,102 8,808 8,651 8,688 
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses$20,301 $20,395 $20,369 $20,186 $20,399 
Risk-weighted assets$91,596 $85,664 $82,499 $83,251 $84,950 
Less: CECL transition adjustment(870)(870)(870)(870)(1,353)
Risk-weighted assets (CECL fully phased-in)$90,726 $84,794 $81,629 $82,381 $83,597 
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share$27.70 $26.76 $25.95 $25.06 $24.53 
Less: Goodwill(2.52)(2.41)(2.27)(2.18)(2.10)
Less: Intangible assets, net(2.94)(2.25)(2.29)(2.28)(2.22)
Tangible common equity per share$22.24 $22.10 $21.39 $20.60 $20.21 
(1) Regulatory measures at December 31, 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
Dec 31,
2022		Dec 31,
2021
CORE PURCHASE VOLUME
Purchase Volume$47,923 $47,072 
Less: Gap and BP Purchase volume— (4,032)
Core Purchase volume$47,923 $43,040 
CORE LOAN RECEIVABLES
Loan receivables$92,470 $80,740 
Less: Gap and BP Loan receivables(98)(278)
Core Loan receivables$92,372 $80,462 
CORE AVERAGE ACTIVE ACCOUNTS (in thousands)
Average active accounts 68,373 69,397 
Less: Gap and BP Average active accounts (77)(6,007)
Core Average active accounts 68,296 63,390 
CORE NEW ACCOUNTS (in millions)
New accounts6.4 7.3 
Less: Gap and BP New accounts — (0.7)
Core New accounts6.4 6.6 
10