EX-99.2 3 financialtables3q24.htm EX-99.2 Document
Exhibit 99.2
synchrony financial
財務摘要
(未經審計，單位：百萬美元，除每股統計數據外)
季度結束九個月結束
9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		2024年第三季度對比2023年第三季度9月30日
2024		9月30日
2023		截至目前年度2024年對比截至目前年度2023年
已實收資本
淨利息收入$4,609 $4,405 $4,405 $4,466 $4,362 $247 5.7 %$13,419  $12,533 $886 7.1 %
零售商股份安排(914)(810)(764)(878)(979)65 (6.6)%(2,488)(2,783)295 (10.6)%
其他收入119 117 1,157 71 92 27 29.3 %1,393 218 1,175 未出現數據
營業收入3,814 3,712 4,798 3,659 3,475 339 9.8 %12,324 9,968 2,356 23.6 %
撥備1,597 1,691 1,884 1,804 1,488 109 7.3 %5,172 4,161 1,011 24.3 %
其他支出1,189 1,177 1,206 1,316 1,154 35 3.0 %3,572 3,442 130 3.8 %
稅前收益1,028 844 1,708 539 833 195 23.4 %3,580 2,365 1,215 51.4 %
所得稅費用239 201 415 99 205 34 16.6 %855 567 288 50.8 %
淨收益$789 $643 $1,293 $440 $628 $161 25.6 %$2,725 $1,798 $927 51.6 %
普通股東可獲得的淨收益$768 $624 $1,282 $429 $618 $150 24.3 %$2,674 $1,767 $907 51.3 %
普通股份統計
基本每股收益 $1.96 $1.56 $3.17 $1.04 $1.49 $0.47 31.5 %$6.71 $4.16 $2.55 61.3 %
攤薄後每股收益 $1.94 $1.55 $3.14 $1.03 $1.48 $0.46 31.1 %$6.65 $4.14 $2.51 60.6 %
每股宣佈的股息$0.25 $0.25 $0.25 $0.25 $0.25 $— — %$0.75 $0.71 $0.04 5.6 %
普通股票價格$49.88 $47.19 $43.12 $38.19 $30.57 $19.31 63.2 %$49.88 $30.57 $19.31 63.2 %
每股淨值 $37.92 $36.24 $35.03 $32.36 $31.50 $6.42 20.4 %$37.92 $31.50 $6.42 20.4 %
每股有形賬面價值(1)
$32.68 $31.05 $30.36 $27.59 $27.18 $5.50 20.2 %$32.68 $27.18 $5.50 20.2 %
普通股份的初始流通股數395.1 401.4 406.9 413.8 418.1 (23.0)(5.5)%406.9 438.2 (31.3)(7.1)%
普通股發行— — — — — — 未出現數據— — — 未出現數據
以股票爲基礎的報酬計劃0.7 0.6 2.0 0.4 0.2 0.5 250.0 %3.3 1.9 1.4 73.7 %
回購的股票(6.6)(6.9)(7.5)(7.3)(4.5)(2.1)46.7 %(21.0)(26.3)5.3 (20.2)%
期末普通股本數389.2 395.1 401.4 406.9 413.8 (24.6)(5.9)%389.2 413.8 (24.6)(5.9)%
加權平均流通股數 392.3 399.3 404.7 411.9 416.0 (23.7)(5.7)%398.7 424.3 (25.6)(6.0)%
攤薄後的加權平均普通股份 396.5 402.6 408.2 414.6 418.4 (21.9)(5.2)%402.4 426.5 (24.1)(5.7)%
(1)每股有形賬面價值是一種非通用會計原則的度量，根據有形普通股權除以普通股份計算。有關該度量與通用會計原則財務度量的對應調和，請參閱非通用會計措施和監管措施的調和。
1

synchrony financial
選擇指標
（未經審計，單位：百萬美元）
季度結束九個月結束
9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		2024年第三季度對比2023年第三季度9月30日
2024		9月30日
2023		2024年至今對比2023年至今
業績指標
資產回報率(1)
2.6 %2.2 %4.4 %1.5 %2.3 %0.3 %3.0 %2.2 %0.8 %
淨資產回報率(2)
19.8 %16.7 %35.6 %12.4 %18.1 %1.7 %23.8 %17.8 %6.0 %
有形普通股權回報率(3)
24.3 %20.2 %43.6 %14.7 %21.9 %2.4 %29.1 %21.5 %7.6 %
淨利息收益率(4)
15.04 %14.46 %14.55 %15.10 %15.36 %(0.32)%14.68 %15.17 %(0.49)%
淨營業收入佔平均貸款應收賬款的百分比，包括待售貸款14.87 %14.71 %19.11 %14.56 %14.33 %0.54 %16.22 %14.30 %1.92 %
效率比率(5)
31.2 %31.7 %25.1 %36.0 %33.2 %(2.0)%29.0 %34.5 %(5.5)%
其他費用佔平均貸款應收賬款的百分比，包括待售貸款4.64 %4.66 %4.80 %5.24 %4.76 %(0.12)%4.70 %4.94 %(0.24)%
有效所得稅率23.2 %23.8 %24.3 %18.4 %24.6 %(1.4)%23.9 %24.0 %(0.1)%
信用質量指標
成交量佔平均貸款應收款項比例，包括待售貸款6.06 %6.42 %6.31 %5.58 %4.60 %1.46 %6.26 %4.62 %1.64 %
逾期30天以上佔期末貸款應收款比例(6)
4.78 %4.47 %4.74 %4.74 %4.40 %0.38 %4.78 %4.40 %0.38 %
逾期90天以上佔期末貸款應收款比例(6)
2.33 %2.19 %2.42 %2.28 %2.06 %0.27 %2.33 %2.06 %0.27 %
淨覈銷額$1,553 $1,621 $1,585 $1,402 $1,116 $437 39.2 %$4,759 $3,218 $1,541 47.9 %
逾期30天以上的貸款應收款(6)
$4,883 $4,574 $4,820 $4,885 $4,304 $579 13.5 %$4,883 $4,304 $579 13.5 %
逾期90天以上的貸款應收款(6)
$2,382 $2,244 $2,459 $2,353 $2,020 $362 17.9 %$2,382 $2,020 $362 17.9 %
信用損失準備（期末）$11,029 $10,982 $10,905 $10,571 $10,176 $853 8.4 %$11,029 $10,176 $853 8.4 %
津貼覆蓋比率(7)
10.79 %10.74 %10.72 %10.26 %10.40 %0.39 %10.79 %10.40 %0.39 %
業務指標
購買量(8)
$44,985 $46,846 $42,387 $49,339 $47,006 $(2,021)(4.3)%$134,218 $135,839 $(1,621)(1.2)%
期末貸款應收款$102,193 $102,284 $101,733 $102,988 $97,873 $4,320 4.4 %$102,193 $97,873 $4,320 4.4 %
信用卡$94,008 $94,091 $93,736 $97,043 $92,078 $1,930 2.1 %$94,008 $92,078 $1,930 2.1 %
消費者分期貸款$6,125 $6,072 $5,957 $3,977 $3,784 $2,341 61.9 %$6,125 $3,784 $2,341 61.9 %
商業信貸產品$1,936 $2,003 $1,912 $1,839 $1,879 $57 3.0 %$1,936 $1,879 $57 3.0 %
其他$124 $118 $128 $129 $132 $(8)(6.1)%$124 $132 $(8)(6.1)%
平均貸款應收款，包括待售款$102,009 $101,478 $100,957 $99,683 $96,230 $5,779 6.0 %$101,484 $93,198 $8,286 8.9 %
期末活躍帳戶（以千計）(9)
69,965 70,991 70,754 73,484 70,137 (172)(0.2)%69,965 70,137 (172)(0.2)%
平均活躍帳戶（以千計）(9)
70,424 70,974 71,667 71,526 70,308 116 0.2 %71,052 69,842 1,210 1.7 %
流動性
流動資產
現金及現金等價物$17,934 $18,632 $20,021 $14,259 $15,643 $2,291 14.6 %$17,934 $15,643 $2,291 14.6 %
總流動資產$19,704 $20,051 $21,929 $16,808 $17,598 $2,106 12.0 %$19,704 $17,598 $2,106 12.0 %
未動用的信用額度
未動用的信用額度$2,700 $2,950 $2,950 $2,950 $2,950 $(250)(8.5)%$2,700 $2,950 $(250)(8.5)%
流動資產總額和未動用的信貸額度(10)
$22,404 $23,001 $24,879 $19,758 $20,548 $1,856 9.0 %$22,404 $20,548 $1,856 9.0 %
流動資產佔總資產的比例16.53 %16.64 %18.10 %14.31 %15.58 %0.95 %16.53 %15.58 %0.95 %
包括未動用信貸額度的流動資產佔總資產的比例18.79 %19.09 %20.53 %16.82 %18.19 %0.60 %18.79 %18.19 %0.60 %
(1) 資產回報率指年化的淨收益佔平均總資產的百分比。
(2) 股本回報率指年化的淨收益佔平均總股本的百分比。
(3) 有形普通股權回報率指年化的可供普通股股東使用的淨收益佔平均有形普通股權的百分比。有形普通股權（"TCE"）是一項非通用會計原則。有關TCE與GAAP財務指標的相應調節，請參閱調解非GAAP指標和計算合規措施。
(4) 淨利息收益率指年化的淨利息收入除以平均總計息資產。
(5) 效率比率表示（i）其他費用，除以（ii）淨利息收入，加上其他收入，減去零售商的分成。
(6) 根據客戶報表末期餘額推算至各自期末日期。
(7) 撥備覆蓋比率表示呆賬準備金與期末總貸款應收的比值。
(8) 購買量，或淨信貸銷售，表示在期間產生的信用卡或其他信貸產品帳戶的累計扣款金額減去退貨金額。
(9) 活躍帳戶表示本月發生購買、支付或未清餘額的信用卡或分期貸款帳戶。
(10) 不包括未承諾的信貸額度和關聯未受限制資產的可融資能力。
2

synchrony financial
收益報表
（未經審計，單位：百萬美元）
季度結束九個月結束
9月30日
 2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		2024年第三季度對比2023年第三季度9月30日
2024		9月30日
2023		2024年至今對比2023年至今
利息收入： 
貸款利息和費用$5,522 $5,301 $5,293 $5,323 $5,151 $371 7.2 %$16,116 $14,579 $1,537 10.5 %
現金和債務證券利息263 281 275 226 203 60 29.6 %819 582 237 40.7 %
總利息收入5,785 5,582 5,568 5,549 5,354 431 8.1 %16,935 15,161 1,774 11.7 %
利息支出:
贖回Baskets的日元數量。如果Trust的日元被提取以支付Trust的開支，需要創建籃子或在籃子贖回時發生的，用於表示Baskets的日元數量的代幣的日元數量可能會隨着時間的推移而逐漸減少。968 967 954 878 800 168 21.0 %2,889 2,074 815 39.3 %
對綜合證券化實體借款利息108 110 105 99 86 22 25.6 %323 241 82 34.0 %
無抵押高級票據利息100 100 104 106 106 (6)(5.7)%304 313 (9)(2.9)%
總利息支出1,176 1,177 1,163 1,083 992 184 18.5 %3,516 2,628 888 33.8 %
淨利息收入4,609 4,405 4,405 4,466 4,362 247 5.7 %13,419 12,533 886 7.1 %
零售商股份安排(914)(810)(764)(878)(979)65 (6.6)%(2,488)(2,783)295 (10.6)%
撥備1,597 1,691 1,884 1,804 1,488 109 7.3 %5,172 4,161 1,011 24.3 %
零售商分成安排和信貸損失準備後的淨利息收入2,098 1,904 1,757 1,784 1,895 203 10.7 %5,759 5,589 170 3.0 %
其他收入：
互換收入256 263 241 270 267 (11)(4.1)%760 761 (1)(0.1)%
保險產品營業收入145 125 141 139 131 14 10.7 %411 371 40 10.8 %
忠誠計劃(346)(346)(319)(369)(358)12 (3.4)%(1,011)(1,001)(10)1.0 %
其他64 75 1,094 31 52 12 23.1 %1,233 87 1,146 未出現數據
總其他收入119 117 1,157 71 92 27 29.3 %1,393 218 1,175 未出現數據
其他支出:
員工成本464 434 496 538 444 20 4.5 %1,394 1,346 48 3.6 %
專業費用231 236 220 228 219 12 5.5 %687 614 73 11.9 %
市場推廣和業務拓展123 129 125 138 125 (2)(1.6)%377 389 (12)(3.1)%
信息處理203 207 186 190 177 26 14.7 %596 522 74 14.2 %
其他168 171 179 222 189 (21)(11.1)%518 571 (53)(9.3)%
其他費用總計1,189 1,177 1,206 1,316 1,154 35 3.0 %3,572 3,442 130 3.8 %
稅前收益1,028 844 1,708 539 833 195 23.4 %3,580 2,365 1,215 51.4 %
所得稅費用239 201 415 99 205 34 16.6 %855 567 288 50.8 %
淨收益$789 $643 $1,293 $440 $628 $161 25.6 %$2,725 $1,798 $927 51.6 %
普通股東可獲得的淨收益$768 $624 $1,282 $429 $618 $150 24.3 %$2,674 $1,767 $907 51.3 %

3

SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
Quarter Ended
Sep 30,
 2024		Jun 30,
2024		Mar 31,
2024		Dec 31,
2023		Sep 30,
2023		Sep 30, 2024 vs.
Sep 30, 2023
Assets
Cash and equivalents$17,934 $18,632 $20,021 $14,259 $15,643 $2,291 14.6 %
Debt securities2,345 2,693 3,005 3,799 2,882 (537)(18.6)%
Loan receivables:
Unsecuritized loans held for investment81,005 82,144 81,642 81,554 78,470 2,535 3.2 %
Restricted loans of consolidated securitization entities21,188 20,140 20,091 21,434 19,403 1,785 9.2 %
Total loan receivables102,193 102,284 101,733 102,988 97,873 4,320 4.4 %
Less: Allowance for credit losses(11,029)(10,982)(10,905)(10,571)(10,176)(853)8.4 %
Loan receivables, net91,164 91,302 90,828 92,417 87,697 3,467 4.0 %
Goodwill1,274 1,274 1,073 1,018 1,105 169 15.3 %
Intangible assets, net765 776 800 815 680 85 12.5 %
Other assets5,747 5,812 5,446 4,915 4,932 815 16.5 %
Assets held for sale— — — 256 — — NM
Total assets$119,229 $120,489 $121,173 $117,479 $112,939 $6,290 5.6 %
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts$81,901 $82,708 $83,160 $80,789 $77,669 $4,232 5.4 %
Non-interest-bearing deposit accounts383 392 394 364 397 (14)(3.5)%
Total deposits82,284 83,100 83,554 81,153 78,066 4,218 5.4 %
Borrowings:
Borrowings of consolidated securitization entities8,015 7,517 8,016 7,267 6,519 1,496 22.9 %
Senior and Subordinated unsecured notes7,617 8,120 8,117 8,715 8,712 (1,095)(12.6)%
Total borrowings15,632 15,637 16,133 15,982 15,231 401 2.6 %
Accrued expenses and other liabilities5,333 6,212 6,204 6,334 5,875 (542)(9.2)%
Liabilities held for sale— — — 107 — — NM
Total liabilities103,249 104,949 105,891 103,576 99,172 4,077 4.1 %
Equity:
Preferred stock1,222 1,222 1,222 734 734 488 66.5 %
Common stock1 1 1 1 1 — — %
Additional paid-in capital9,822 9,793 9,768 9,775 9,750 72 0.7 %
Retained earnings20,975 20,310 19,790 18,662 18,338 2,637 14.4 %
Accumulated other comprehensive income (loss)(50)(73)(69)(68)(96)46 (47.9)%
Treasury stock(15,990)(15,713)(15,430)(15,201)(14,960)(1,030)6.9 %
Total equity15,980 15,540 15,282 13,903 13,767 2,213 16.1 %
Total liabilities and equity$119,229 $120,489 $121,173 $117,479 $112,939 $6,290 5.6 %

4

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Quarter Ended
Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023
InterestAverageInterestAverageInterestAverageInterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/
BalanceExpense
Rate(1)
BalanceExpense
Rate(1)
BalanceExpense
Rate(1)
BalanceExpense
Rate(1)
BalanceExpense
Rate(1)
Assets
Interest-earning assets:
Interest-earning cash and equivalents$17,316 $235 5.40 %$18,337 $249 5.46 %$17,405 $236 5.45 %$13,762 $188 5.42 %$12,753 $172 5.35 %
Securities available for sale2,587 28 4.31 %2,731 32 4.71 %3,432 39 4.57 %3,895 38 3.87 %3,706 31 3.32 %
Loan receivables, including held for sale:
Credit cards93,785 5,236 22.21 %93,267 5,013 21.62 %94,216 5,096 21.75 %93,744 5,162 21.85 %90,587 5,003 21.91 %
Consumer installment loans6,107 238 15.50 %6,085 243 16.06 %4,734 149 12.66 %3,875 116 11.88 %3,656 108 11.72 %
Commercial credit products1,992 46 9.19 %2,001 43 8.64 %1,878 45 9.64 %1,934 42 8.62 %1,861 38 8.10 %
Other125 2 6.37 %125 2 6.44 %129 3 9.35 %130 3 9.16 %126 2 6.30 %
Total loan receivables, including held for sale102,009 5,522 21.54 %101,478 5,301 21.01 %100,957 5,293 21.09 %99,683 5,323 21.19 %96,230 5,151 21.24 %
Total interest-earning assets121,912 5,785 18.88 %122,546 5,582 18.32 %121,794 5,568 18.39 %117,340 5,549 18.76 %112,689 5,354 18.85 %
Non-interest-earning assets:
Cash and due from banks847 887 944 886 964 
Allowance for credit losses(10,994)(10,878)(10,677)(10,243)(9,847)
Other assets7,624 7,309 6,973 6,616 6,529 
Total non-interest-earning assets(2,523)(2,682)(2,760)(2,741)(2,354)
Total assets$119,389 $119,864 $119,034 $114,599 $110,335 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$82,100 $968 4.69 %$82,749 $967 4.70 %$82,598 $954 4.65 %$78,892 $878 4.42 %$75,952 $800 4.18 %
Borrowings of consolidated securitization entities7,817 108 5.50 %7,858 110 5.63 %7,383 105 5.72 %6,903 99 5.69 %6,096 86 5.60 %
Senior and Subordinated unsecured notes7,968 100 4.99 %8,118 100 4.95 %8,630 104 4.85 %8,712 106 4.83 %8,710 106 4.83 %
Total interest-bearing liabilities97,885 1,176 4.78 %98,725 1,177 4.80 %98,611 1,163 4.74 %94,507 1,083 4.55 %90,758 992 4.34 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts387 396 390 379 401 
Other liabilities5,302 5,221 5,419 5,652 5,418 
Total non-interest-bearing liabilities5,689 5,617 5,809 6,031 5,819 
Total liabilities103,574 104,342 104,420 100,538 96,577 
Equity
Total equity15,815 15,522 14,614 14,061 13,758 
Total liabilities and equity$119,389 $119,864 $119,034 $114,599 $110,335 
Net interest income$4,609 $4,405 $4,405 $4,466 $4,362 
Interest rate spread(2)
14.10 %13.53 %13.64 %14.22 %14.51 %
Net interest margin(3)
15.04 %14.46 %14.55 %15.10 %15.36 %
(1) Average yields/rates are based on annualized total interest income/expense divided by average balances.
(2) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(3) Net interest margin represents annualized net interest income divided by average total interest-earning assets.

5

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
Nine Months Ended
Sep 30, 2024		Nine Months Ended
Sep 30, 2023
InterestAverageInterestAverage
AverageIncome/Yield/AverageIncome/Yield/
BalanceExpense
Rate(1)
BalanceExpense
Rate(1)
Assets
Interest-earning assets:
Interest-earning cash and equivalents$17,685 $720 5.44 %$13,107 $490 5.00 %
Securities available for sale2,915 99 4.54 %4,138 92 2.97 %
Loan receivables, including held for sale:
Credit cards93,757 15,345 21.86 %87,914 14,179 21.56 %
Consumer installment loans5,644 630 14.91 %3,375 285 11.29 %
Commercial credit products1,957 134 9.15 %1,789 108 8.07 %
Other126 7 7.42 %120 7 7.80 %
Total loan receivables, including held for sale101,484 16,116 21.21 %93,198 14,579 20.91 %
Total interest-earning assets122,084 16,935 18.53 %110,443 15,161 18.35 %
Non-interest-earning assets:
Cash and due from banks892 987 
Allowance for credit losses(10,850)(9,552)
Other assets7,303 6,331 
Total non-interest-earning assets(2,655)(2,234)
Total assets$119,429 $108,209 
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts$82,481 $2,889 4.68 %$74,340 $2,074 3.73 %
Borrowings of consolidated securitization entities7,686 323 5.61 %6,062 241 5.32 %
Senior and subordinated unsecured notes8,238 304 4.93 %8,621 313 4.85 %
Total interest-bearing liabilities98,405 3,516 4.77 %89,023 2,628 3.95 %
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts391 410 
Other liabilities5,315 5,239 
Total non-interest-bearing liabilities5,706 5,649 
Total liabilities104,111 94,672 
Equity
Total equity15,318 13,537 
Total liabilities and equity$119,429 $108,209 
Net interest income$13,419 $12,533 
Interest rate spread(2)
13.76 %14.41 %
Net interest margin(3)
14.68 %15.17 %
(1) Average yields/rates are based on annualized total interest income/expense divided by average balances.
(2) Interest rate spread represents the difference between the yield on total interest-earning assets and the rate on total interest-bearing liabilities.
(3) Net interest margin represents annualized net interest income divided by average total interest-earning assets.
6

SYNCHRONY FINANCIAL
BALANCE SHEET STATISTICS
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Sep 30,
 2024		Jun 30,
 2024		Mar 31,
 2024		Dec 31,
 2023		Sep 30,
 2023		Sep 30, 2024 vs.
Sep 30, 2023
BALANCE SHEET STATISTICS
Total common equity$14,758 $14,318 $14,060 $13,169 $13,033 $1,725 13.2 %
Total common equity as a % of total assets12.38 %11.88 %11.60 %11.21 %11.54 %0.84 %
Tangible assets$117,190 $118,439 $119,300 $115,535 $111,154 $6,036 5.4 %
Tangible common equity(1)
$12,719 $12,268 $12,187 $11,225 $11,248 $1,471 13.1 %
Tangible common equity as a % of tangible assets(1)
10.85 %10.36 %10.22 %9.72 %10.12 %0.73 %
Tangible book value per share(2)
$32.68 $31.05 $30.36 $27.59 $27.18 $5.50 20.2 %
REGULATORY CAPITAL RATIOS(3)(4)
Basel III - CECL Transition
Total risk-based capital ratio(5)
16.4 %15.8 %15.8 %14.9 %15.7 %
Tier 1 risk-based capital ratio(6)
14.3 %13.8 %13.8 %12.9 %13.6 %
Tier 1 leverage ratio(7)
12.5 %12.0 %12.0 %11.7 %12.2 %
Common equity Tier 1 capital ratio13.1 %12.6 %12.6 %12.2 %12.8 %
(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) Tangible book value per share is a non-GAAP measure, calculated based on Tangible common equity divided by common shares outstanding. For corresponding reconciliation of this measure to a GAAP financial measure, see Reconciliation of Non-GAAP Measures and Calculations of Regulatory Measures.
(3) Regulatory capital ratios at September 30, 2024 are preliminary and therefore subject to change.
(4) Capital ratios reflect the phase-in of an estimate of CECL’s effect on regulatory capital over a three-year transitional period beginning in the first quarter of 2022 through 2024. Capital ratios for 2024 and 2023 reflect 75% and 50%, respectively, of the phase-in of CECL effects.
(5) Total risk-based capital ratio is the ratio of total risk-based capital divided by risk-weighted assets.
(6) Tier 1 risk-based capital ratio is the ratio of Tier 1 capital divided by risk-weighted assets.
(7) 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 EndedNine Months Ended
Sep 30,
 2024		Jun 30,
 2024		Mar 31,
 2024		Dec 31,
 2023		Sep 30,
 2023		3Q'24 vs. 3Q'23Sep 30,
2024		Sep 30,
2023		YTD'24 vs. YTD'23
HOME & AUTO
Purchase volume(1)
$11,361 $12,496 $10,512 $11,421 $12,273 $(912)(7.4)%$34,369 $35,989 $(1,620)(4.5)%
Period-end loan receivables$32,542 $32,822 $32,615 $31,969 $31,648 $894 2.8 %$32,542 $31,648 $894 2.8 %
Average loan receivables, including held for sale$32,613 $32,592 $31,865 $31,720 $31,239 $1,374 4.4 %$32,358 $30,386 $1,972 6.5 %
Average active accounts (in thousands)(2)
19,157 19,335 18,969 19,177 19,223 (66)(0.3)%19,136 18,894 242 1.3 %
Interest and fees on loans$1,489 $1,419 $1,382 $1,403 $1,367 $122 8.9 %$4,290 $3,867 $423 10.9 %
Other income$56 $38 $33 $26 $28 $28 100.0 %$127 $80 $47 58.8 %
DIGITAL
Purchase volume(1)
$13,352 $13,403 $12,628 $15,510 $13,808 $(456)(3.3)%$39,383 $39,541 $(158)(0.4)%
Period-end loan receivables$27,771 $27,704 $27,734 $28,925 $26,685 $1,086 4.1 %$27,771 $26,685 $1,086 4.1 %
Average loan receivables, including held for sale$27,704 $27,542 $28,081 $27,553 $26,266 $1,438 5.5 %$27,776 $25,484 $2,292 9.0 %
Average active accounts (in thousands)(2)
20,787 20,920 21,349 21,177 20,768 19 0.1 %21,033 20,641 392 1.9 %
Interest and fees on loans$1,593 $1,544 $1,567 $1,579 $1,530 $63 4.1 %$4,704 $4,315 $389 9.0 %
Other income$4 $— $6 $(7)$(6)$10 (166.7)%$10 $(7)$17 (242.9)%
DIVERSIFIED & VALUE
Purchase volume(1)
$14,992 $15,333 $14,023 $16,987 $15,445 $(453)(2.9)%$44,348 $44,240 $108 0.2 %
Period-end loan receivables$19,466 $19,516 $19,559 $20,666 $18,865 $601 3.2 %$19,466 $18,865 $601 3.2 %
Average loan receivables, including held for sale$19,413 $19,360 $19,593 $19,422 $18,565 $848 4.6 %$19,455 $18,074 $1,381 7.6 %
Average active accounts (in thousands)(2)
19,960 20,253 21,032 21,038 20,410 (450)(2.2)%20,448 20,571 (123)(0.6)%
Interest and fees on loans$1,209 $1,165 $1,214 $1,204 $1,168 $41 3.5 %$3,588 $3,329 $259 7.8 %
Other income$(11)$(22)$(17)$(30)$(28)$17 (60.7)%$(50)$(63)$13 (20.6)%
HEALTH & WELLNESS
Purchase volume(1)
$3,867 $4,089 $3,980 $3,870 $3,990 $(123)(3.1)%$11,936 $11,695 $241 2.1 %
Period-end loan receivables$15,439 $15,280 $15,065 $14,521 $14,019 $1,420 10.1 %$15,439 $14,019 $1,420 10.1 %
Average loan receivables, including held for sale$15,311 $15,111 $14,697 $14,251 $13,600 $1,711 12.6 %$15,041 $12,927 $2,114 16.4 %
Average active accounts (in thousands)(2)
7,801 7,752 7,611 7,447 7,276 525 7.2 %7,713 7,076 637 9.0 %
Interest and fees on loans$956 $911 $869 $866 $844 $112 13.3 %$2,736 $2,365 $371 15.7 %
Other income$68 $48 $66 $82 $74 $(6)(8.1)%$182 $189 $(7)(3.7)%
LIFESTYLE
Purchase volume(1)
$1,411 $1,525 $1,244 $1,550 $1,490 $(79)(5.3)%$4,180 $4,372 $(192)(4.4)%
Period-end loan receivables$6,831 $6,822 $6,604 $6,744 $6,483 $348 5.4 %$6,831 $6,483 $348 5.4 %
Average loan receivables, including held for sale$6,823 $6,723 $6,631 $6,568 $6,383 $440 6.9 %$6,726 $6,137 $589 9.6 %
Average active accounts (in thousands)(2)
2,677 2,662 2,642 2,620 2,556 121 4.7 %2,668 2,572 96 3.7 %
Interest and fees on loans$270 $258 $255 $255 $249 $21 8.4 %$783 $704 $79 11.2 %
Other income$9 $6 $8 $7 $8 $1 12.5 %$23 $22 $1 4.5 %
CORP, OTHER
Purchase volume(1)
$2 $— $— $1 $— $2 NM$2 $2 $— — %
Period-end loan receivables$144 $140 $156 $163 $173 $(29)(16.8)%$144 $173 $(29)(16.8)%
Average loan receivables, including held for sale$145 $150 $90 $169 $177 $(32)(18.1)%$128 $190 $(62)(32.6)%
Average active accounts (in thousands)(2)
42 52 64 67 75 (33)(44.0)%54 88 (34)(38.6)%
Interest and fees on loans$5 $4 $6 $16 $(7)$12 (171.4)%$15 $(1)$16 NM
Other income$(7)$47 $1,061 $(7)$16 $(23)(143.8)%$1,101 $(3)$1,104 NM
TOTAL SYF
Purchase volume(1)
$44,985 $46,846 $42,387 $49,339 $47,006 $(2,021)(4.3)%$134,218 $135,839 $(1,621)(1.2)%
Period-end loan receivables$102,193 $102,284 $101,733 $102,988 $97,873 $4,320 4.4 %$102,193 $97,873 $4,320 4.4 %
Average loan receivables, including held for sale$102,009 $101,478 $100,957 $99,683 $96,230 $5,779 6.0 %$101,484 $93,198 $8,286 8.9 %
Average active accounts (in thousands)(2)
70,424 70,974 71,667 71,526 70,308 116 0.2 %71,052 69,842 1,210 1.7 %
Interest and fees on loans$5,522 $5,301 $5,293 $5,323 $5,151 $371 7.2 %$16,116 $14,579 $1,537 10.5 %
Other income$119 $117 $1,157 $71 $92 $27 29.3 %$1,393 $218 $1,175 NM
(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) 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

SYNCHRONY FINANCIAL
RECONCILIATION OF NON-GAAP MEASURES AND CALCULATIONS OF REGULATORY MEASURES(1)
(unaudited, $ in millions, except per share statistics)
Quarter Ended
Sep 30,
2024		Jun 30,
2024		Mar 31,
2024		Dec 31,
2023		Sep 30,
2023
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity$15,980 $15,540 $15,282 $13,903 $13,767 
Less: Preferred stock(1,222)(1,222)(1,222)(734)(734)
Less: Goodwill(1,274)(1,274)(1,073)(1,105)(1,105)
Less: Intangible assets, net(765)(776)(800)(839)(680)
Tangible common equity$12,719 $12,268 $12,187 $11,225 $11,248 
Add: CECL transition amount573 573 573 1,146 1,146 
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)209 227 225 229 255 
Common equity Tier 1 $13,501 $13,068 $12,985 $12,600 $12,649 
Preferred stock1,222 1,222 1,222 734 734 
Tier 1 capital$14,723 $14,290 $14,207 $13,334 $13,383 
Add: Subordinated debt741 741 741 741 741 
Add: Allowance for credit losses includible in risk-based capital1,400 1,407 1,399 1,389 1,322 
Total Risk-based capital$16,864 $16,438 $16,347 $15,464 $15,446 
ASSET MEASURES(2)
Total average assets$119,389 $119,864 $119,034 $114,599 $110,335 
Adjustments for:
Add: CECL transition amount573 573 573 1,146 1,146 
Less: Disallowed goodwill and other disallowed intangible assets
(net of related deferred tax liabilities) and other		(1,808)(1,805)(1,631)(1,671)(1,507)
Total assets for leverage purposes$118,154 $118,632 $117,976 $114,074 $109,974 
Risk-weighted assets$103,103 $103,718 $103,242 $103,460 $98,451 
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital$14,723 $14,290 $14,207 $13,334 $13,383 
Less: CECL transition adjustment(573)(573)(573)(1,146)(1,146)
Tier 1 capital (CECL fully phased-in)$14,150 $13,717 $13,634 $12,188 $12,237 
Add: Allowance for credit losses11,029 10,982 10,905 10,571 10,176 
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses$25,179 $24,699 $24,539 $22,759 $22,413 
Risk-weighted assets$103,103 $103,718 $103,242 $103,460 $98,451 
Less: CECL transition adjustment(290)(290)(290)(580)(580)
Risk-weighted assets (CECL fully phased-in)$102,813 $103,428 $102,952 $102,880 $97,871 
TANGIBLE BOOK VALUE PER SHARE
Book value per share$37.92 $36.24 $35.03 $32.36 $31.50 
Less: Goodwill(3.27)(3.23)(2.68)(2.72)(2.67)
Less: Intangible assets, net(1.97)(1.96)(1.99)(2.05)(1.65)
Tangible book value per share$32.68 $31.05 $30.36 $27.59 $27.18 
(1) Regulatory measures at September 30, 2024 are preliminary and therefore subject to change.
(2) Capital ratios reflect the phase-in of an estimate of CECL’s effect on regulatory capital over a three-year transitional period beginning in the first quarter of 2022 through 2024. Capital ratios for 2024 and 2023 reflect 75% and 50%, respectively, of the phase-in of CECL effects.
9