8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

October 24, 2023

Date of Report

(Date of earliest event reported) 

SYNCHRONY FINANCIAL

(Exact name of registrant as specified in its charter) 

Delaware	001-36560	51-0483352
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

777 Long Ridge Road
Stamford,	Connecticut	06902
(Address of principal executive offices)		(Zip Code)

(203) 585-2400

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.001 per share	SYF	New York Stock Exchange
Depositary Shares Each Representing a 1/40th Interest in a Share of 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A	SYFPrA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨

Item 2.02    Results of Operations and Financial Condition.

On October 24, 2023, Synchrony Financial (the “Company”) issued a press release setting forth the Company’s third quarter 2023 earnings. A copy of the Company’s press release is being furnished as Exhibit 99.1 and hereby incorporated by reference. The information furnished pursuant to this Item 2.02, including Exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being furnished as part of this report:

Number	Description
99.1	Press release, dated October 24, 2023, issued by Synchrony Financial
99.2	Financial Data Supplement of the Company for the quarter ended September 30, 2023
99.3	Financial Results Presentation of the Company for the quarter ended September 30, 2023
99.4	Explanation of Non-GAAP Measures
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SYNCHRONY FINANCIAL
Date: October 24, 2023	By:	/s/ Jonathan Mothner
	Name:	Jonathan Mothner
	Title:	Executive Vice President, General Counsel and Secretary

EXHIBIT INDEX

Number	Description
99.1	Press release, dated October 24, 2023, issued by Synchrony Financial
99.2	Financial Data Supplement of the Company for the quarter ended September 30, 2023
99.3	Financial Results Presentation of the Company for the quarter ended September 30, 2023
99.4	Explanation of Non-GAAP Measures
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

EX-99.1

Exhibit 99.1

For Immediate Release Synchrony Financial (NYSE: SYF) October 24, 2023

THIRD QUARTER 2023 RESULTS AND KEY METRICS

2.3% Return on Assets		12.4% CET1 Ratio	$254M Capital Returned	CEO COMMENTARY
				“Synchrony’s financial performance highlights the strength of our differentiated model and the continued resilience of our customers, who continue to gradually revert to historic spend and payment norms,” said Brian Doubles, Synchrony’s President and Chief Executive Officer. “Our diversified product suite and advanced digital capabilities enabled Synchrony to continue to deliver consistently strong outcomes in an ever-evolving environment. We are increasingly at the center of customers’ every day financing needs, and positioned as the partner of choice for retailers, merchants and providers alike, as they seek enhanced value, greater utility and best-in-class omnichannel experiences. “Synchrony remains intently focused on optimizing the outcomes for our many stakeholders. As we continue to prioritize sustainable growth at appropriate risk-adjusted returns through changing market conditions and selectively invest to meet the increasingly digital demands of our customers in a safe and secure manner, we are confident in our ability to continue to deliver on our financial commitments and drive long-term value.”
$97.9B Loan Receivables
	Net Earnings of $628 Million or $1.48 per Diluted Share
	Record Third Quarter Purchase Volume, and Continued Strong Receivables Growth
	Returned $254 Million of Capital to Shareholders, including $150 Million of Share Repurchases
STAMFORD, Conn. – Synchrony Financial (NYSE: SYF) today announced third quarter 2023 net earnings of $628 million, or $1.48 per diluted share, compared to $703 million, or $1.47 per diluted share in the third quarter 2022.
KEY OPERATING & FINANCIAL METRICS*
PERFORMANCE REFLECTS DIFFERENTIATED BUSINESS MODEL AND CONTINUED CONSUMER RESILIENCE
•Purchase volume increased 5% to $47.0 billion •Loan receivables increased 14% to $97.9 billion •Average active accounts increased 6% to 70.3 million •New accounts decreased 2% to 5.7 million •Net interest margin decreased 16 basis points to 15.36% •Efficiency ratio decreased 330 basis points to 33.2% •Return on assets decreased 50 basis points to 2.3% •Return on equity decreased 3 percentage points to 18.1%; return on tangible common equity** decreased 3.7 percentage points to 22.9%

CFO COMMENTARY	BUSINESS AND FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2023*
“Synchrony’s third quarter results reflected the strength of our financial model, demonstrated through our consistent growth and strong risk-adjusted returns,” said Brian Wenzel, Synchrony’s Executive Vice President and Chief Financial Officer. “Our diverse product suite and compelling value propositions continued to deeply resonate with customers, driving broad-based purchase volume and receivables growth. “Synchrony’s advanced underwriting capabilities and digital-first servicing strategy continued to support the gradual normalization of our credit performance and drive improvement in our operating efficiency. In addition, our Retailer Share Arrangements continued to functionally align our partners’ interests as higher net interest income was partially offset by the impact of credit normalization. “As Synchrony continues to leverage our core strengths – our advanced data analytics, our disciplined approach to underwriting and credit management, and our stable funding model – we are confident in our ability to execute on our key strategic priorities and drive market leading returns over the long-term.”
	BUSINESS HIGHLIGHTS
	CONTINUED TO EXPAND PORTFOLIO, ENHANCE PRODUCTS AND EXTEND REACH
	•Added or renewed more than 9 programs, including Belk, Installation Made Easy, York and Park West Gallery •Expanded digital wallet provisioning to include PayPal and Venmo •Broadened access to pet care financing through partnerships with Virginia Tech, the University of Missouri and Oregon State University, making CareCredit available at more than 95% of veterinary university hospitals nationwide
	FINANCIAL HIGHLIGHTS
	EARNINGS DRIVEN BY CORE BUSINESS DRIVERS
	•Interest and fees on loans increased 21% to $5.2 billion, driven primarily by growth in average loan receivables, higher benchmark rates and lower payment rate. •Net interest income increased $434 million, or 11%, to $4.4 billion, driven by higher interest and fees on loans, partially offset by an increase in interest expense from higher benchmark rates and higher funding liabilities. •Retailer share arrangements decreased $78 million, or 7%, to $979 million, reflecting higher net charge-offs partially offset by higher Net Interest Income. •Provision for credit losses increased $559 million to $1.5 billion, driven by higher net charge-offs and a higher reserve build. •Other expense increased $90 million, or 8%, to $1.2 billion, driven primarily by growth related items, as well as technology investments and operational losses, partially offset by additional marketing and growth reinvestment of Gain on Sale proceeds in the prior year. •Net earnings decreased to $628 million, compared to $703 million.
CREDIT QUALITY
CREDIT CONTINUES TO NORMALIZE IN LINE WITH EXPECTATIONS
•Loans 30+ days past due as a percentage of total period-end loan receivables were 4.40% compared to 3.28% in the prior year, an increase of 112 basis points. •Net charge-offs as a percentage of total average loan receivables were 4.60% compared to 3.00% in the prior year, an increase of 160 basis points, and continued to normalize within our expectations toward our underwriting target of 5.5-6.0% •The allowance for credit losses as a percentage of total period-end loan receivables was 10.40%, compared to 10.34% in the second quarter 2023.

SALES PLATFORM HIGHLIGHTS

DIVERSITY ACROSS OUR PLATFORMS CONTINUES TO PROVIDE RESILIENCE

•Home & Auto purchase volume remained flat, as growth in commercial, Home Specialty and Auto Network was generally offset by lower retail traffic in Furniture and Electronics and the impact of lower gas and lumber prices. Period-end loan receivables increased 9%, reflecting lower payment rates. Interest and fees on loans were up 13%, primarily driven by loan receivables growth, higher benchmark rates and lower payment rate. Average active accounts increased 5%.

•Digital purchase volume increased 7%, reflecting growth in average active accounts. Period-end loan receivables increased 16%, driven by lower payment rates and continued purchase volume growth. Interest and fees on loans increased 28%, reflecting the impacts of loan receivables growth, lower payment rate, higher benchmark rates and maturation of newer programs. Average active accounts increased 7%.

•Diversified & Value purchase volume increased 7%, driven by higher out-of-partner spend and strong retailer performance. Period-end loan receivables increased 14%, reflecting purchase volume growth and lower payment rates. Interest and fees on loans increased 25%, driven by the impacts of loan receivables growth, lower payment rate and higher benchmark rates. Average active accounts increased 5%.

•Health & Wellness purchase volume increased 14%, reflecting broad-based growth in active accounts led by Dental, Pet and Cosmetic. Period-end loan receivables increased 21%, driven by continued higher promotional purchase volume and lower payment rates. Interest and fees on loans increased 20%, reflecting the impacts of growth in volume and loan receivables as well as lower payment rate. Average active accounts increased 13%.

•Lifestyle purchase volume increased 8%, reflecting stronger transaction values in Outdoor and Luxury. Period-end loan receivables increased 14%, driven by purchase volume growth and lower payment rates. Interest and fees on loans increased 20%, driven primarily by the impacts of loan receivables growth, lower payment rate and higher benchmark rates. Average active accounts increased 1%.

BALANCE SHEET, LIQUIDITY & CAPITAL

FUNDING, CAPITAL & LIQUIDITY REMAIN ROBUST

•Loan receivables of $97.9 billion increased 14%; purchase volume increased 5% and average active accounts increased 6%.

•Deposits increased $9.7 billion, or 14%, to $78.1 billion and comprised 84% of funding.

•Total liquidity, consisting of liquid assets and undrawn credit facilities, was $20.5 billion, or 18.2% of total assets.

•The company returned $254 million in capital to shareholders, including $150 million of share repurchases and $104 million of common stock dividends.

•As of September 30, 2023, the Company had a total remaining share repurchase authorization of $850 million.

•The estimated Common Equity Tier 1 ratio was 12.4% compared to 14.3%, and the estimated Tier 1 Capital ratio was 13.2% compared to 15.2%.

*All comparisons are for the third quarter of 2023 compared to the third quarter of 2022, unless otherwise noted.

         ** Tangible common equity is a non-GAAP financial measure. See non-GAAP reconciliation in the financial tables.

CORRESPONDING FINANCIAL TABLES AND INFORMATION

No representation is made that the information in this news release is complete.Investors are encouraged to review the foregoing summary and discussion of Synchrony Financial's earnings and financial condition in conjunction with the detailed financial tables and information that follow and the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed February 9, 2023, and the Company’s forthcoming Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.The detailed financial tables and other information are also available on the Investor Relations page of the Company’s website at www.investors.synchronyfinancial.com. This information is also furnished in a Current Report on Form 8-K filed with the SEC today.

CONFERENCE CALL AND WEBCAST

On Tuesday, October 24, 2023, at 8:00 a.m. Eastern Time, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the Investor Relations page on the Synchrony Financial corporate website, www.investors.synchronyfinancial.com, under Events and Presentations. A replay will also be available on the website.

ABOUT SYNCHRONY FINANCIAL

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice.

For more information, visit www.synchrony.com and Twitter: @Synchrony.

Investor Relations	Media Relations
Kathryn Miller	Lisa Lanspery
(203) 585-6291	(203) 585-6143

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "targets," "outlook," "estimates," "will," "should," "may" or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include global political, economic, business, competitive, market, regulatory and other factors and risks, such as: the impact of macroeconomic conditions and whether industry trends we have identified develop as anticipated, including the future impacts of the novel coronavirus disease (“COVID-19”) outbreak and measures taken in response thereto for which future developments are highly uncertain and difficult to predict; retaining existing partners and attracting new partners, concentration of our revenue in a small number of partners, and promotion and support of our products by our partners; cyber-attacks or other security breaches; disruptions in the operations of our and our outsourced partners' computer systems and data centers; the financial performance of our partners; the sufficiency of our allowance for credit losses and the accuracy of the assumptions or estimates used in preparing our financial statements, including those related to the CECL accounting guidance; higher borrowing costs and adverse financial market conditions impacting our funding and liquidity, and any reduction in our credit ratings; our ability to grow our deposits in the future; damage to our reputation; our ability to securitize our loan receivables, occurrence of an early amortization of our securitization facilities, loss of the right to service or subservice our securitized loan receivables, and lower payment rates on our securitized loan receivables; changes in market interest rates and the impact of any margin compression; effectiveness of our risk management processes and procedures, reliance on models which may be inaccurate or misinterpreted, our ability to manage our credit risk; our ability to offset increases in our costs in retailer share arrangements; competition in the consumer finance industry; our concentration in the U.S. consumer credit market; our ability to successfully develop and commercialize new or enhanced products and services; our ability to realize the value of acquisitions and strategic investments; reductions in interchange fees; fraudulent activity; failure of third parties to provide various services that are important to our operations; international risks and compliance and regulatory risks and costs associated with international operations; alleged infringement of intellectual property rights of others and our ability to protect our intellectual property; litigation and regulatory actions; our ability to attract, retain and motivate key officers and employees; tax legislation initiatives or challenges to our tax positions and/or interpretations, and state sales tax rules and regulations; regulation, supervision, examination and enforcement of our business by governmental authorities, the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislative and regulatory developments and the impact of the Consumer Financial Protection Bureau’s regulation of our business; impact of capital adequacy rules and liquidity requirements; restrictions that limit our ability to pay dividends and repurchase our common stock, and restrictions that limit the Bank’s ability to pay dividends to us; regulations relating to privacy, information security and data protection; use of third-party vendors and ongoing third-party business relationships; and failure to comply with anti-money laundering and anti-terrorism financing laws.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this news release and in our public filings, including under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed on February 9, 2023. You should not consider any list of such factors to be an exhaustive statement of all the risks, uncertainties, or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.

NON-GAAP MEASURES

The information provided herein includes measures we refer to as "tangible common equity," and certain “CECL fully phased-in" capital measures, which are not prepared in accordance with U.S. generally accepted accounting principles ("GAAP").For a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures, please see the detailed financial tables and information that follow. For a statement regarding the usefulness of these measures to investors, please see the Company's Current Report on Form 8-K filed with the SEC today.

EX-99.2

Exhibit 99.2

SYNCHRONY FINANCIAL
FINANCIAL SUMMARY
(unaudited, in millions, except per share statistics)
	Quarter Ended														Nine Months Ended
	Sep 30, 2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022		3Q'23 vs. 3Q'22				Sep 30, 2023		Sep 30, 2022		YTD'23 vs. YTD'22
EARNINGS
Net interest income	$	4,362	$	4,120	$	4,051	$	4,106	$	3,928	$	434	11.0	%	$	12,533	$	11,519	$	1,014	8.8	%
Retailer share arrangements	(979)		(887)		(917)		(1,043)		(1,057)		78		(7.4)	%	(2,783)		(3,288)		505		(15.4)	%
Provision for credit losses	1,488		1,383		1,290		1,201		929		559		60.2	%	4,161		2,174		1,987		91.4	%
Net interest income, after retailer share arrangements and provision for credit losses	1,895		1,850		1,844		1,862		1,942		(47)		(2.4)	%	5,589		6,057		(468)		(7.7)	%
Other income	92		61		65		30		44		48		109.1	%	218		350		(132)		(37.7)	%
Other expense	1,154		1,169		1,119		1,151		1,064		90		8.5	%	3,442		3,186		256		8.0	%
Earnings before provision for income taxes	833		742		790		741		922		(89)		(9.7)	%	2,365		3,221		(856)		(26.6)	%
Provision for income taxes	205		173		189		164		219		(14)		(6.4)	%	567		782		(215)		(27.5)	%
Net earnings	$	628	$	569	$	601	$	577	$	703	$	(75)	(10.7)	%	$	1,798	$	2,439	$	(641)	(26.3)	%
Net earnings available to common stockholders	$	618	$	559	$	590	$	567	$	692	$	(74)	(10.7)	%	$	1,767	$	2,407	$	(640)	(26.6)	%
COMMON SHARE STATISTICS
Basic EPS	$	1.49	$	1.32	$	1.36	$	1.27	$	1.48	$	0.01	0.7	%	$	4.16	$	4.89	$	(0.73)	(14.9)	%
Diluted EPS	$	1.48	$	1.32	$	1.35	$	1.26	$	1.47	$	0.01	0.7	%	$	4.14	$	4.86	$	(0.72)	(14.8)	%
Dividend declared per share	$	0.25	$	0.23	$	0.23	$	0.23	$	0.23	$	0.02	8.7	%	$	0.71	$	0.67	$	0.04	6.0	%
Common stock price	$	30.57	$	33.92	$	29.08	$	32.86	$	28.19	$	2.38	8.4	%	$	30.57	$	28.19	$	2.38	8.4	%
Book value per share	$	31.50	$	30.25	$	29.08	$	27.70	$	26.76	$	4.74	17.7	%	$	31.50	$	26.76	$	4.74	17.7	%
Tangible common equity per share(1)	$	26.00	$	24.67	$	23.48	$	22.24	$	22.10	$	3.90	17.6	%	$	26.00	$	22.10	$	3.90	17.6	%
Beginning common shares outstanding	418.1		428.4		438.2		458.9		487.8		(69.7)		(14.3)	%	438.2		526.8		(88.6)		(16.8)	%
Issuance of common shares	—		—		—		—		—		—		NM		—		—		—		—	%
Stock-based compensation	0.2		0.2		1.5		0.1		0.4		(0.2)		(50.0)	%	1.9		2.0		(0.1)		(5.0)	%
Shares repurchased	(4.5)		(10.5)		(11.3)		(20.8)		(29.3)		24.8		(84.6)	%	(26.3)		(69.9)		43.6		(62.4)	%
Ending common shares outstanding	413.8		418.1		428.4		438.2		458.9		(45.1)		(9.8)	%	413.8		458.9		(45.1)		(9.8)	%
Weighted average common shares outstanding	416.0		422.7		434.4		445.8		468.5		(52.5)		(11.2)	%	424.3		492.1		(67.8)		(13.8)	%
Weighted average common shares outstanding (fully diluted)	418.4		424.2		437.2		448.9		470.7		(52.3)		(11.1)	%	426.5		495.0		(68.5)		(13.8)	%
(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 Ended																			Nine Months Ended
	Sep 30, 2023			Jun 30, 2023			Mar 31, 2023			Dec 31, 2022			Sep 30, 2022			3Q'23 vs. 3Q'22				Sep 30, 2023			Sep 30, 2022			YTD'23 vs. YTD'22
PERFORMANCE METRICS
Return on assets(1)	2.3		%	2.1		%	2.3		%	2.2		%	2.8		%			(0.5)	%	2.2		%	3.4		%			(1.2)	%
Return on equity(2)	18.1		%	17.0		%	18.2		%	17.5		%	21.1		%			(3.0)	%	17.8		%	24.2		%			(6.4)	%
Return on tangible common equity(3)	22.9		%	21.7		%	23.2		%	22.1		%	26.6		%			(3.7)	%	22.6		%	30.6		%			(8.0)	%
Net interest margin(4)	15.36		%	14.94		%	15.22		%	15.58		%	15.52		%			(0.16)	%	15.17		%	15.64		%			(0.47)	%
Efficiency ratio(5)	33.2		%	35.5		%	35.0		%	37.2		%	36.5		%			(3.3)	%	34.5		%	37.1		%			(2.6)	%
Other expense as a % of average loan receivables, including held for sale	4.76		%	5.07		%	5.00		%	5.16		%	5.02		%			(0.26)	%	4.94		%	5.11		%			(0.17)	%
Effective income tax rate	24.6		%	23.3		%	23.9		%	22.1		%	23.8		%			0.8	%	24.0		%	24.3		%			(0.3)	%
CREDIT QUALITY METRICS
Net charge-offs as a % of average loan receivables, including held for sale	4.60		%	4.75		%	4.49		%	3.48		%	3.00		%			1.60	%	4.62		%	2.82		%			1.80	%
30+ days past due as a % of period-end loan receivables(6)	4.40		%	3.84		%	3.81		%	3.65		%	3.28		%			1.12	%	4.40		%	3.28		%			1.12	%
90+ days past due as a % of period-end loan receivables(6)	2.06		%	1.77		%	1.87		%	1.69		%	1.43		%			0.63	%	2.06		%	1.43		%			0.63	%
Net charge-offs	$	1,116		$	1,096		$	1,006		$	776		$	635		$	481	75.7	%	$	3,218		$	1,760		$	1,458	82.8	%
Loan receivables delinquent over 30 days(6)	$	4,304		$	3,641		$	3,474		$	3,377		$	2,818		$	1,486	52.7	%	$	4,304		$	2,818		$	1,486	52.7	%
Loan receivables delinquent over 90 days(6)	$	2,020		$	1,677		$	1,705		$	1,562		$	1,232		$	788	64.0	%	$	2,020		$	1,232		$	788	64.0	%
Allowance for credit losses (period-end)	$	10,176		$	9,804		$	9,517		$	9,527		$	9,102		$	1,074	11.8	%	$	10,176		$	9,102		$	1,074	11.8	%
Allowance coverage ratio(7)	10.40		%	10.34		%	10.44		%	10.30		%	10.58		%			(0.18)	%	10.40		%	10.58		%			(0.18)	%
BUSINESS METRICS
Purchase volume(8)(9)	$	47,006		$	47,276		$	41,557		$	47,923		$	44,557		$	2,449	5.5	%	$	135,839		$	132,264		$	3,575	2.7	%
Period-end loan receivables	$	97,873		$	94,801		$	91,129		$	92,470		$	86,012		$	11,861	13.8	%	$	97,873		$	86,012		$	11,861	13.8	%
Credit cards	$	92,078		$	89,299		$	86,113		$	87,630		$	81,254		$	10,824	13.3	%	$	92,078		$	81,254		$	10,824	13.3	%
Consumer installment loans	$	3,784		$	3,548		$	3,204		$	3,056		$	2,945		$	839	28.5	%	$	3,784		$	2,945		$	839	28.5	%
Commercial credit products	$	1,879		$	1,826		$	1,690		$	1,682		$	1,723		$	156	9.1	%	$	1,879		$	1,723		$	156	9.1	%
Other	$	132		$	128		$	122		$	102		$	90		$	42	46.7	%	$	132		$	90		$	42	46.7	%
Average loan receivables, including held for sale	$	96,230		$	92,489		$	90,815		$	88,436		$	84,038		$	12,192	14.5	%	$	93,198		$	83,404		$	9,794	11.7	%
Period-end active accounts (in thousands)(10)	70,137			70,269			68,589			70,763			66,503			3,634		5.5	%	70,137			66,503			3,634		5.5	%
Average active accounts (in thousands)(9)(10)	70,308			69,517			69,494			68,373			66,266			4,042		6.1	%	69,842			68,517			1,325		1.9	%
LIQUIDITY
Liquid assets
Cash and equivalents	$	15,643		$	12,706		$	15,303		$	10,294		$	11,962		$	3,681	30.8	%	$	15,643		$	11,962		$	3,681	30.8	%
Total liquid assets	$	17,598		$	16,448		$	18,778		$	14,201		$	16,566		$	1,032	6.2	%	$	17,591		$	16,566		$	1,025	6.2	%
Undrawn credit facilities
Undrawn credit facilities	$	2,950		$	2,950		$	2,950		$	2,950		$	3,700		$	(750)	(20.3)	%	$	2,950		$	3,700		$	(750)	(20.3)	%
Total liquid assets and undrawn credit facilities	$	20,548		$	19,398		$	21,728		$	17,151		$	20,266		$	282	1.4	%	$	20,541		$	20,266		$	275	1.4	%
Liquid assets % of total assets	15.58		%	15.13		%	17.41		%	13.58		%	16.44		%			(0.86)	%	15.58		%	16.44		%			(0.86)	%
Liquid assets including undrawn credit facilities % of total assets	18.19		%	17.85		%	20.15		%	16.40		%	20.11		%			(1.92)	%	18.19		%	20.11		%			(1.92)	%
(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 Ended														Nine Months Ended
	Sep 30,  2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022		3Q'23 vs. 3Q'22				Sep 30, 2023		Sep 30, 2022		YTD'23 vs. YTD'22
Interest income:
Interest and fees on loans	$	5,151	$	4,812	$	4,616	$	4,576	$	4,258	$	893	21.0	%	$	14,579	$	12,305	$	2,274	18.5	%
Interest on cash and debt securities	203		209		170		132		84		119		141.7	%	582		133		449		NM
Total interest income	5,354		5,021		4,786		4,708		4,342		1,012		23.3	%	15,161		12,438		2,723		21.9	%
Interest expense:
Interest on deposits	800		717		557		441		280		520		185.7	%	2,074		567		1,507		265.8	%
Interest on borrowings of consolidated securitization entities	86		78		77		69		54		32		59.3	%	241		127		114		89.8	%
Interest on senior unsecured notes	106		106		101		92		80		26		32.5	%	313		225		88		39.1	%
Total interest expense	992		901		735		602		414		578		139.6	%	2,628		919		1,709		186.0	%
Net interest income	4,362		4,120		4,051		4,106		3,928		434		11.0	%	12,533		11,519		1,014		8.8	%
Retailer share arrangements	(979)		(887)		(917)		(1,043)		(1,057)		78		(7.4)	%	(2,783)		(3,288)		505		(15.4)	%
Provision for credit losses	1,488		1,383		1,290		1,201		929		559		60.2	%	4,161		2,174		1,987		91.4	%
Net interest income, after retailer share arrangements and provision for credit losses	1,895		1,850		1,844		1,862		1,942		(47)		(2.4)	%	5,589		6,057		(468)		(7.7)	%
Other income:
Interchange revenue	267		262		232		251		238		29		12.2	%	761		731		30		4.1	%
Debt cancellation fees	131		125		115		102		103		28		27.2	%	371		285		86		30.2	%
Loyalty programs	(358)		(345)		(298)		(351)		(326)		(32)		9.8	%	(1,001)		(906)		(95)		10.5	%
Other	52		19		16		28		29		23		79.3	%	87		240		(153)		(63.8)	%
Total other income	92		61		65		30		44		48		109.1	%	218		350		(132)		(37.7)	%
Other expense:
Employee costs	444		451		451		459		416		28		6.7	%	1,346		1,222		124		10.1	%
Professional fees	219		209		186		233		204		15		7.4	%	614		599		15		2.5	%
Marketing and business development	125		133		131		121		115		10		8.7	%	389		366		23		6.3	%
Information processing	177		179		166		165		150		27		18.0	%	522		458		64		14.0	%
Other	189		197		185		173		179		10		5.6	%	571		541		30		5.5	%
Total other expense	1,154		1,169		1,119		1,151		1,064		90		8.5	%	3,442		3,186		256		8.0	%
Earnings before provision for income taxes	833		742		790		741		922		(89)		(9.7)	%	2,365		3,221		(856)		(26.6)	%
Provision for income taxes	205		173		189		164		219		(14)		(6.4)	%	567		782		(215)		(27.5)	%
Net earnings	$	628	$	569	$	601	$	577	$	703	$	(75)	(10.7)	%	$	1,798	$	2,439	$	(641)	(26.3)	%
Net earnings available to common stockholders	$	618	$	559	$	590	$	567	$	692	$	(74)	(10.7)	%	$	1,767	$	2,407	$	(640)	(26.6)	%

3

SYNCHRONY FINANCIAL
STATEMENTS OF FINANCIAL POSITION
(unaudited, $ in millions)
	Quarter Ended
	Sep 30,  2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022		Sep 30, 2023 vs. Sep 30, 2022
Assets
Cash and equivalents	$	15,643	$	12,706	$	15,303	$	10,294	$	11,962	$	3,681	30.8	%
Debt securities	2,882		4,294		4,008		4,879		5,082		(2,200)		(43.3)	%
Loan receivables:
Unsecuritized loans held for investment	78,470		75,532		72,079		72,638		67,651		10,819		16.0	%
Restricted loans of consolidated securitization entities	19,403		19,269		19,050		19,832		18,361		1,042		5.7	%
Total loan receivables	97,873		94,801		91,129		92,470		86,012		11,861		13.8	%
Less: Allowance for credit losses	(10,176)		(9,804)		(9,517)		(9,527)		(9,102)		(1,074)		11.8	%
Loan receivables, net	87,697		84,997		81,612		82,943		76,910		10,787		14.0	%
Goodwill	1,105		1,105		1,105		1,105		1,105		—		—	%
Intangible assets, net	1,169		1,226		1,297		1,287		1,033		136		13.2	%
Other assets	4,443		4,369		4,528		4,056		4,674		(231)		(4.9)	%
Total assets	$	112,939	$	108,697	$	107,853	$	104,564	$	100,766	$	12,173	12.1	%
Liabilities and Equity
Deposits:
Interest-bearing deposit accounts	$	77,669	$	75,344	$	74,008	$	71,336	$	68,032	$	9,637	14.2	%
Non-interest-bearing deposit accounts	397		421		417		399		372		25		6.7	%
Total deposits	78,066		75,765		74,425		71,735		68,404		9,662		14.1	%
Borrowings:
Borrowings of consolidated securitization entities	6,519		5,522		6,228		6,227		6,360		159		2.5	%
Senior and Subordinated unsecured notes	8,712		8,709		8,706		7,964		7,961		751		9.4	%
Total borrowings	15,231		14,231		14,934		14,191		14,321		910		6.4	%
Accrued expenses and other liabilities	5,875		5,321		5,301		5,765		5,029		846		16.8	%
Total liabilities	99,172		95,317		94,660		91,691		87,754		11,418		13.0	%
Equity:
Preferred stock	734		734		734		734		734		—		—	%
Common stock	1		1		1		1		1		—		—	%
Additional paid-in capital	9,750		9,727		9,705		9,718		9,685		65		0.7	%
Retained earnings	18,338		17,828		17,369		16,716		16,252		2,086		12.8	%
Accumulated other comprehensive income (loss)	(96)		(96)		(102)		(125)		(187)		91		(48.7)	%
Treasury stock	(14,960)		(14,814)		(14,514)		(14,171)		(13,473)		(1,487)		11.0	%
Total equity	13,767		13,380		13,193		12,873		13,012		755		5.8	%
Total liabilities and equity	$	112,939	$	108,697	$	107,853	$	104,564	$	100,766	$	12,173	12.1	%

4

SYNCHRONY FINANCIAL
AVERAGE BALANCES, NET INTEREST INCOME AND NET INTEREST MARGIN
(unaudited, $ in millions)
	Quarter Ended
	Sep 30, 2023						Jun 30, 2023						Mar 31, 2023						Dec 31, 2022						Sep 30, 2022
			Interest		Average				Interest		Average				Interest		Average				Interest		Average				Interest		Average
	Average		Income/		Yield/		Average		Income/		Yield/		Average		Income/		Yield/		Average		Income/		Yield/		Average		Income/		Yield/
	Balance		Expense		Rate		Balance		Expense		Rate		Balance		Expense		Rate		Balance		Expense		Rate		Balance		Expense		Rate
Assets
Interest-earning assets:
Interest-earning cash and equivalents	$	12,753	$	172	5.35	%	$	14,198	$	178	5.03	%	$	12,365	$	140	4.59	%	$	11,092	$	104	3.72	%	$	11,506	$	65	2.24	%
Securities available for sale	3,706		31		3.32	%	3,948		31		3.15	%	4,772		30		2.55	%	5,002		28		2.22	%	4,861		19		1.55	%
Loan receivables, including held for sale:
Credit cards	90,587		5,003		21.91	%	87,199		4,679		21.52	%	85,904		4,497		21.23	%	83,597		4,462		21.18	%	79,354		4,153		20.76	%
Consumer installment loans	3,656		108		11.72	%	3,359		94		11.22	%	3,103		83		10.85	%	2,991		78		10.35	%	2,884		74		10.18	%
Commercial credit products	1,861		38		8.10	%	1,808		36		7.99	%	1,697		34		8.13	%	1,757		34		7.68	%	1,720		30		6.92	%
Other	126		2		6.30	%	123		3		9.78	%	111		2		7.31	%	91		2		8.72	%	80		1		4.96	%
Total loan receivables, including held for sale	96,230		5,151		21.24	%	92,489		4,812		20.87	%	90,815		4,616		20.61	%	88,436		4,576		20.53	%	84,038		4,258		20.10	%
Total interest-earning assets	112,689		5,354		18.85	%	110,635		5,021		18.20	%	107,952		4,786		17.98	%	104,530		4,708		17.87	%	100,405		4,342		17.16	%
Non-interest-earning assets:
Cash and due from banks	964						976						1,024						1,071						1,580
Allowance for credit losses	(9,847)						(9,540)						(9,262)						(9,167)						(8,878)
Other assets	6,529						6,330						6,128						5,772						5,587
Total non-interest-earning assets	(2,354)						(2,234)						(2,110)						(2,324)						(1,711)
Total assets	$	110,335					$	108,401					$	105,842					$	102,206					$	98,694
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	75,952	$	800	4.18	%	$	74,812	$	717	3.84	%	$	72,216	$	557	3.13	%	$	69,343	$	441	2.52	%	$	66,787	$	280	1.66	%
Borrowings of consolidated securitization entities	6,096		86		5.60	%	5,863		78		5.34	%	6,229		77		5.01	%	6,231		69		4.39	%	6,258		54		3.42	%
Senior and Subordinated unsecured notes	8,710		106		4.83	%	8,707		106		4.88	%	8,442		101		4.85	%	7,962		92		4.58	%	7,102		80		4.47	%
Total interest-bearing liabilities	90,758		992		4.34	%	89,382		901		4.04	%	86,887		735		3.43	%	83,536		602		2.86	%	80,147		414		2.05	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	401						420						411						388						371
Other liabilities	5,418						5,164						5,130						5,217						4,938
Total non-interest-bearing liabilities	5,819						5,584						5,541						5,605						5,309
Total liabilities	96,577						94,966						92,428						89,141						85,456
Equity
Total equity	13,758						13,435						13,414						13,065						13,238
Total liabilities and equity	$	110,335					$	108,401					$	105,842					$	102,206					$	98,694
Net interest income			$	4,362					$	4,120					$	4,051					$	4,106					$	3,928
Interest rate spread(1)					14.51	%					14.16	%					14.55	%					15.01	%					15.11	%
Net interest margin(2)					15.36	%					14.94	%					15.22	%					15.58	%					15.52	%
(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)
	Nine Months Ended Sep 30, 2023						Nine Months Ended Sep 30, 2022
			Interest		Average				Interest		Average
	Average		Income/		Yield/		Average		Income/		Yield/
	Balance		Expense		Rate		Balance		Expense		Rate
Assets
Interest-earning assets:
Interest-earning cash and equivalents	$	13,107	$	490	5.00	%	$	9,920	$	90	1.21	%
Securities available for sale	4,138		92		2.97	%	5,143		43		1.12	%
Loan receivables, including held for sale:
Credit cards	87,914		14,179		21.56	%	78,946		12,009		20.34	%
Consumer installment loans	3,375		285		11.29	%	2,781		209		10.05	%
Commercial credit products	1,789		108		8.07	%	1,604		83		6.92	%
Other	120		7		7.80	%	73		4		7.33	%
Total loan receivables, including held for sale	93,198		14,579		20.91	%	83,404		12,305		19.73	%
Total interest-earning assets	110,443		15,161		18.35	%	98,467		12,438		16.89	%
Non-interest-earning assets:
Cash and due from banks	987						1,607
Allowance for credit losses	(9,552)						(8,735)
Other assets	6,331						5,447
Total non-interest-earning assets	(2,234)						(1,681)
Total assets	$	108,209					$	96,786
Liabilities
Interest-bearing liabilities:
Interest-bearing deposit accounts	$	74,340	$	2,074	3.73	%	$	64,371	$	567	1.18	%
Borrowings of consolidated securitization entities	6,062		241		5.32	%	6,547		127		2.59	%
Senior and subordinated unsecured notes	8,621		313		4.85	%	7,098		225		4.24	%
Total interest-bearing liabilities	89,023		2,628		3.95	%	78,016		919		1.57	%
Non-interest-bearing liabilities
Non-interest-bearing deposit accounts	410						380
Other liabilities	5,239						4,915
Total non-interest-bearing liabilities	5,649						5,295
Total liabilities	94,672						83,311
Equity
Total equity	13,537						13,475
Total liabilities and equity	$	108,209					$	96,786
Net interest income			$	12,533					$	11,519
Interest rate spread(1)					14.41	%					15.32	%
Net interest margin(2)					15.17	%					15.64	%
(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
	Sep 30,  2023			Jun 30, 2023			Mar 31, 2023			Dec 31, 2022			Sep 30, 2022			Sep 30, 2023 vs. Sep 30, 2022
BALANCE SHEET STATISTICS
Total common equity	$	13,033		$	12,646		$	12,459		$	12,139		$	12,278		$	755	6.1	%
Total common equity as a % of total assets	11.54		%	11.63		%	11.55		%	11.61		%	12.18		%			(0.64)	%
Tangible assets	$	110,665		$	106,366		$	105,451		$	102,172		$	98,628		$	12,037	12.2	%
Tangible common equity(1)	$	10,759		$	10,315		$	10,057		$	9,747		$	10,140		$	619	6.1	%
Tangible common equity as a % of tangible assets(1)	9.72		%	9.70		%	9.54		%	9.54		%	10.28		%			(0.56)	%
Tangible common equity per share(1)	$	26.00		$	24.67		$	23.48		$	22.24		$	22.10		$	3.90	17.6	%
REGULATORY CAPITAL RATIOS(2)(3)
	Basel III - CECL Transition
Total risk-based capital ratio(4)	15.3		%	15.2		%	15.4		%	15.0		%	16.5		%
Tier 1 risk-based capital ratio(5)	13.2		%	13.1		%	13.3		%	13.6		%	15.2		%
Tier 1 leverage ratio(6)	11.8		%	11.6		%	11.6		%	12.3		%	13.2		%
Common equity Tier 1 capital ratio	12.4		%	12.3		%	12.5		%	12.8		%	14.3		%
(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 September 30, 2023 are preliminary and therefore subject to change.
(3) 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 2023 and 2022 reflect 50% and 25%, respectively, of the phase-in of CECL effects.
(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 Ended														Nine Months Ended
	Sep 30,  2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022		3Q'23 vs. 3Q'22				Sep 30, 2023		Sep 30, 2022		YTD'23 vs. YTD'22
HOME & AUTO
Purchase volume(1)	$	12,273	$	12,853	$	10,863	$	11,860	$	12,273	$	—	—	%	$	35,989	$	35,428	$	561	1.6	%
Period-end loan receivables	$	31,648	$	30,926	$	29,733	$	29,978	$	29,017	$	2,631	9.1	%	$	31,648	$	29,017	$	2,631	9.1	%
Average loan receivables, including held for sale	$	31,239	$	30,210	$	29,690	$	29,402	$	28,387	$	2,852	10.0	%	$	30,386	$	27,307	$	3,079	11.3	%
Average active accounts (in thousands)(3)	19,223		18,935		18,521		18,539		18,350		873		4.8	%	18,894		17,923		971		5.4	%
Interest and fees on loans	$	1,367	$	1,275	$	1,225	$	1,264	$	1,210	$	157	13.0	%	$	3,867	$	3,406	$	461	13.5	%
Other income	$	28	$	27	$	25	$	23	$	20	$	8	40.0	%	$	80	$	64	$	16	25.0	%
DIGITAL
Purchase volume(1)	$	13,808	$	13,472	$	12,261	$	14,794	$	12,941	$	867	6.7	%	$	39,541	$	36,600	$	2,941	8.0	%
Period-end loan receivables	$	26,685	$	25,758	$	24,944	$	25,522	$	22,925	$	3,760	16.4	%	$	26,685	$	22,925	$	3,760	16.4	%
Average loan receivables, including held for sale	$	26,266	$	25,189	$	24,982	$	23,931	$	22,361	$	3,905	17.5	%	$	25,484	$	21,596	$	3,888	18.0	%
Average active accounts (in thousands)(3)	20,768		20,559		20,564		20,073		19,418		1,350		7.0	%	20,641		19,176		1,465		7.6	%
Interest and fees on loans	$	1,530	$	1,422	$	1,363	$	1,322	$	1,197	$	333	27.8	%	$	4,315	$	3,277	$	1,038	31.7	%
Other income	$	(6)	$	(2)	$	1	$	(14)	$	(22)	$	16	(72.7)	%	$	(7)	$	(47)	$	40	(85.1)	%
DIVERSIFIED & VALUE
Purchase volume(1)	$	15,445	$	15,356	$	13,439	$	16,266	$	14,454	$	991	6.9	%	$	44,240	$	40,400	$	3,840	9.5	%
Period-end loan receivables	$	18,865	$	18,329	$	17,702	$	18,617	$	16,566	$	2,299	13.9	%	$	18,865	$	16,566	$	2,299	13.9	%
Average loan receivables, including held for sale	$	18,565	$	17,935	$	17,713	$	17,274	$	16,243	$	2,322	14.3	%	$	18,074	$	15,627	$	2,447	15.7	%
Average active accounts (in thousands)(3)	20,410		20,346		20,807		20,386		19,411		999		5.1	%	20,571		19,258		1,313		6.8	%
Interest and fees on loans	$	1,168	$	1,091	$	1,070	$	1,023	$	935	$	233	24.9	%	$	3,329	$	2,587	$	742	28.7	%
Other income	$	(28)	$	(21)	$	(14)	$	(42)	$	(19)	$	(9)	47.4	%	$	(63)	$	(63)	$	—	—	%
HEALTH & WELLNESS
Purchase volume(1)	$	3,990	$	4,015	$	3,690	$	3,505	$	3,514	$	476	13.5	%	$	11,695	$	10,064	$	1,631	16.2	%
Period-end loan receivables	$	14,019	$	13,327	$	12,581	$	12,179	$	11,590	$	2,429	21.0	%	$	14,019	$	11,590	$	2,429	21.0	%
Average loan receivables, including held for sale	$	13,600	$	12,859	$	12,309	$	11,846	$	11,187	$	2,413	21.6	%	$	12,927	$	10,681	$	2,246	21.0	%
Average active accounts (in thousands)(3)	7,276		7,063		6,887		6,673		6,411		865		13.5	%	7,076		6,207		869		14.0	%
Interest and fees on loans	$	844	$	786	$	735	$	744	$	706	$	138	19.5	%	$	2,365	$	1,966	$	399	20.3	%
Other income	$	74	$	54	$	61	$	60	$	55	$	19	34.5	%	$	189	$	157	$	32	20.4	%
LIFESTYLE
Purchase volume(1)	$	1,490	$	1,580	$	1,302	$	1,498	$	1,374	$	116	8.4	%	$	4,372	$	4,000	$	372	9.3	%
Period-end loan receivables	$	6,483	$	6,280	$	5,971	$	5,970	$	5,686	$	797	14.0	%	$	6,483	$	5,686	$	797	14.0	%
Average loan receivables, including held for sale	$	6,383	$	6,106	$	5,919	$	5,772	$	5,610	$	773	13.8	%	$	6,137	$	5,478	$	659	12.0	%
Average active accounts (in thousands)(3)	2,556		2,529		2,611		2,585		2,524		32		1.3	%	2,572		2,546		26		1.0	%
Interest and fees on loans	$	249	$	232	$	223	$	221	$	208	$	41	19.7	%	$	704	$	593	$	111	18.7	%
Other income	$	8	$	7	$	7	$	7	$	8	$	—	—	%	$	22	$	21	$	1	4.8	%
CORP, OTHER(4)
Purchase volume(1)(2)	$	—	$	—	$	2	$	—	$	1	$	(1)	(100.0)	%	$	2	$	5,772	$	(5,770)	(100.0)	%
Period-end loan receivables	$	173	$	181	$	198	$	204	$	228	$	(55)	(24.1)	%	$	173	$	228	$	(55)	(24.1)	%
Average loan receivables, including held for sale	$	177	$	190	$	202	$	211	$	250	$	(73)	(29.2)	%	$	190	$	2,715	$	(2,525)	(93.0)	%
Average active accounts (in thousands)(2)(3)	75		85		104		117		152		(77)		(50.7)	%	88		3,407		(3,319)		(97.4)	%
Interest and fees on loans	$	(7)	$	6	$	—	$	2	$	2	$	(9)	NM		$	(1)	$	476	$	(477)	(100.2)	%
Other income	$	16	$	(4)	$	(15)	$	(4)	$	2	$	14	NM		$	(3)	$	218	$	(221)	(101.4)	%
TOTAL SYF
Purchase volume(1)(2)	$	47,006	$	47,276	$	41,557	$	47,923	$	44,557	$	2,449	5.5	%	$	135,839	$	132,264	$	3,575	2.7	%
Period-end loan receivables	$	97,873	$	94,801	$	91,129	$	92,470	$	86,012	$	11,861	13.8	%	$	97,873	$	86,012	$	11,861	13.8	%
Average loan receivables, including held for sale	$	96,230	$	92,489	$	90,815	$	88,436	$	84,038	$	12,192	14.5	%	$	93,198	$	83,404	$	9,794	11.7	%
Average active accounts (in thousands)(2)(3)	70,308		69,517		69,494		68,373		66,266		4,042		6.1	%	69,842		68,517		1,325		1.9	%
Interest and fees on loans	$	5,151	$	4,812	$	4,616	$	4,576	$	4,258	$	893	21.0	%	$	14,579	$	12,305	$	2,274	18.5	%
Other income	$	92	$	61	$	65	$	30	$	44	$	48	109.1	%	$	218	$	350	$	(132)	(37.7)	%
(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) YTD 2022 includes activity and balances associated with Gap Inc. and BP portfolios which were both sold in 2Q 2022.

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, 2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022
COMMON EQUITY AND REGULATORY CAPITAL MEASURES(2)
GAAP Total equity	$	13,767	$	13,380	$	13,193	$	12,873	$	13,012
Less: Preferred stock	(734)		(734)		(734)		(734)		(734)
Less: Goodwill	(1,105)		(1,105)		(1,105)		(1,105)		(1,105)
Less: Intangible assets, net	(1,169)		(1,226)		(1,297)		(1,287)		(1,033)
Tangible common equity	$	10,759	$	10,315	$	10,057	$	9,747	$	10,140
Add: CECL transition amount	1,146		1,146		1,146		1,719		1,719
Adjustments for certain deferred tax liabilities and certain items in accumulated comprehensive income (loss)	267		267		270		293		419
Common equity Tier 1	$	12,172	$	11,728	$	11,473	$	11,759	$	12,278
Preferred stock	734		734		734		734		734
Tier 1 capital	$	12,906	$	12,462	$	12,207	$	12,493	$	13,012
Add: Subordinated debt	741		741		740		—		—
Add: Allowance for credit losses includible in risk-based capital	1,317		1,276		1,233		1,220		1,142
Total Risk-based capital	$	14,964	$	14,479	$	14,180	$	13,713	$	14,154
ASSET MEASURES(2)
Total average assets	$	110,335	$	108,401	$	105,842	$	102,206	$	98,694
Adjustments for:
Add: CECL transition amount	1,146		1,146		1,146		1,719		1,719
Less: Disallowed goodwill and other disallowed intangible assets (net of related deferred tax liabilities) and other	(1,984)		(2,035)		(2,081)		(2,046)		(1,776)
Total assets for leverage purposes	$	109,497	$	107,512	$	104,907	$	101,879	$	98,637
Risk-weighted assets	$	97,987	$	95,060	$	91,873	$	91,596	$	85,664
CECL FULLY PHASED-IN CAPITAL MEASURES
Tier 1 capital	$	12,906	$	12,462	$	12,207	$	12,493	$	13,012
Less: CECL transition adjustment	(1,146)		(1,146)		(1,146)		(1,719)		(1,719)
Tier 1 capital (CECL fully phased-in)	$	11,760	$	11,316	$	11,061	$	10,774	$	11,293
Add: Allowance for credit losses	10,176		9,804		9,517		9,527		9,102
Tier 1 capital (CECL fully phased-in) + Reserves for credit losses	$	21,936	$	21,120	$	20,578	$	20,301	$	20,395
Risk-weighted assets	$	97,987	$	95,060	$	91,873	$	91,596	$	85,664
Less: CECL transition adjustment	(580)		(580)		(580)		(870)		(870)
Risk-weighted assets (CECL fully phased-in)	$	97,407	$	94,480	$	91,293	$	90,726	$	84,794
TANGIBLE COMMON EQUITY PER SHARE
GAAP book value per share	$	31.50	$	30.25	$	29.08	$	27.70	$	26.76
Less: Goodwill	(2.67)		(2.65)		(2.58)		(2.52)		(2.41)
Less: Intangible assets, net	(2.83)		(2.93)		(3.02)		(2.94)		(2.25)
Tangible common equity per share	$	26.00	$	24.67	$	23.48	$	22.24	$	22.10
(1) Regulatory measures at September 30, 2023 are presented on an estimated basis.
(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 2023 and 2022 reflect 50% and 25%, respectively, of the phase-in of CECL effects.

9

EX-99.3

3Q'23 FINANCIAL RESULTS October 24, 2023 Exhibit 99.3

2 Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting quarterly financial results. No representation is made that the information in these slides is complete. For additional information, see the earnings release and financial supplement included as exhibits to our Current Report on Form 8-K filed today and available on our website (www.synchronyfinancial.com) and the SEC's website (www.sec.gov). All references to net earnings and net income are intended to have the same meaning. All comparisons are for the third quarter of 2023 compared to the third quarter of 2022, unless otherwise noted. This presentation contains certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "targets," "outlook," "estimates," "will," "should," "may" or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward- looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include global political, economic, business, competitive, market, regulatory and other factors and risks, such as: the impact of macroeconomic conditions and whether industry trends we have identified develop as anticipated, including the future impacts of the novel coronavirus disease (“COVID-19”) outbreak and measures taken in response thereto for which future developments are highly uncertain and difficult to predict; retaining existing partners and attracting new partners, concentration of our revenue in a small number of partners, and promotion and support of our products by our partners; cyber-attacks or other security breaches; disruptions in the operations of our and our outsourced partners' computer systems and data centers; the financial performance of our partners; the sufficiency of our allowance for credit losses and the accuracy of the assumptions or estimates used in preparing our financial statements, including those related to the CECL accounting guidance; higher borrowing costs and adverse financial market conditions impacting our funding and liquidity, and any reduction in our credit ratings; our ability to grow our deposits in the future; damage to our reputation; our ability to securitize our loan receivables, occurrence of an early amortization of our securitization facilities, loss of the right to service or sub-service our securitized loan receivables, and lower payment rates on our securitized loan receivables; changes in market interest rates and the impact of any margin compression; effectiveness of our risk management processes and procedures, reliance on models which may be inaccurate or misinterpreted, our ability to manage our credit risk; our ability to offset increases in our costs in retailer share arrangements; competition in the consumer finance industry; our concentration in the U.S. consumer credit market; our ability to successfully develop and commercialize new or enhanced products and services; our ability to realize the value of acquisitions and strategic investments; reductions in interchange fees; fraudulent activity; failure of third-parties to provide various services that are important to our operations; international risks and compliance and regulatory risks and costs associated with international operations; alleged infringement of intellectual property rights of others and our ability to protect our intellectual property; litigation and regulatory actions; our ability to attract, retain and motivate key officers and employees; tax legislation initiatives or challenges to our tax positions and/or interpretations, and state sales tax rules and regulations; regulation, supervision, examination and enforcement of our business by governmental authorities, the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and other legislative and regulatory developments and the impact of the Consumer Financial Protection Bureau’s (the “CFPB”) regulation of our business; impact of capital adequacy rules and liquidity requirements; restrictions that limit our ability to pay dividends and repurchase our common stock, and restrictions that limit the Bank’s ability to pay dividends to us; regulations relating to privacy, information security and data protection; use of third-party vendors and ongoing third-party business relationships; and failure to comply with anti-money laundering and anti-terrorism financing laws. For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this presentation and in our public filings, including under the heading “Risk Factors Relating to Our Business” and “Risk Factors Relating to Regulation” in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed on February 9, 2023. You should not consider any list of such factors to be an exhaustive statement of all the risks, uncertainties, or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law. Disclaimers

3 $1.48 DILUTED EPS compared to $1.47 15.36% NET INTEREST MARGIN compared to 15.52% 12.4% CET1 liquid assets of $17.6 billion, 15.6% of total assets SUMMARY FINANCIAL METRICS CAPITAL 3Q'23 Financial Highlights $97.9 billion LOAN RECEIVABLES compared to $86.0 billion $78.1 billion DEPOSITS 84% of current funding 4.60% NET CHARGE-OFFS compared to 3.00% 70.3 million AVERAGE ACTIVE ACCOUNTS compared to 66.3 million $254 million CAPITAL RETURNED $150 million share repurchases 33.2% EFFICIENCY RATIO compared to 36.5%

4 8% Average active accounts Dual Card / Co-Brand BUSINESS EXPANSION CONSUMER PERFORMANCE (2)% —% New accounts Purchase volume per account Average balance per account (a) (b) (c) GROWTH METRICS 5% 14% 6% Purchase volume Loan receivables in millions $19.8 Dual Card / Co-Brand $17.5 13%$19.8 $ billions $25.1 $ billions 3Q'23 Business Highlights 27%

5 B/(W) $ in millions, except per share statistics 3Q'23 3Q'22 $ % Total interest income $5,354 $4,342 $1,012 23 % Total interest expense 992 414 (578) (140) % Net interest income (NII) 4,362 3,928 434 11 % Retailer share arrangements (RSA) (979) (1,057) 78 7 % Provision for credit losses 1,488 929 (559) (60) % Other income 92 44 48 109 % Other expense 1,154 1,064 (90) (8) % Pre-tax earnings 833 922 (89) (10) % Provision for income taxes 205 219 14 6 % Net earnings 628 703 (75) (11) % Preferred dividends 10 11 1 NM Net earnings available to common stockholders $618 $692 $(74) (11) % Diluted earnings per share $1.48 $1.47 $0.01 1 % Summary earnings statement Financial Results 3Q'23 Highlights $628 million Net earnings, $1.48 diluted EPS • Net interest income up 11% – Interest and fees on loans up 21% driven primarily by growth in average loan receivables, higher benchmark rates, and lower payment rate – Interest expense increase attributed to higher benchmark rates and higher funding liabilities • Retailer share arrangements decreased (7)% – Decrease driven by higher net charge-offs partially offset by higher net interest income • Provision for credit losses up 60% – Higher provision driven by higher net charge-offs and a higher reserve build • Total Other expense up 8% – Increase primarily driven by growth related items as well as technology investments and operational losses – Increases were partially offset by additional marketing and growth reinvestment of Gain on Sale proceeds in prior year

6 3Q'23 Platform Results Home & Auto Digital Diversified & Value Health & Wellness Lifestyle 9% 14% 21% 14%16% 3Q'22 3Q'23 V% $12.9 $13.8 7% 19.4 20.8 7% $1,197 $1,530 28% 3Q'22 3Q'23 V% $14.5 $15.4 7% 19.4 20.4 5% $935 $1,168 25% 3Q'22 3Q'23 V% $3.5 $4.0 14% 6.4 7.3 13% $706 $844 20% 3Q'22 3Q'23 V% $1.4 $1.5 8% 2.5 2.6 1% $208 $249 20% Loan receivables $ in billions Purchase volume Accounts Interest & fees on loans (a) 3Q'22 3Q'23 V% $12.3 $12.3 —% 18.4 19.2 5% $1,210 $1,367 13%

7 Net Interest Income Net Interest Income $ in millions % of average interest-earning assets NIM Walk (a) 11% • Net interest income increased 11% – Interest and fees on loans up 21% driven primarily by growth in average loan receivables, higher benchmark rates, and lower payment rate – Interest expense increase attributed to higher benchmark rates and higher funding liabilities • Net interest margin (NIM) decreased 16 bps – Interest-bearing liabilities cost: (185) bps – Total cost increased 229 bps to 4.34% – Loan receivables yield: 95 bps – Loan receivables yield of 21.24%, up 114 bps – Liquidity portfolio yield: 46 bps – Mix of Interest-earnings assets: 28 bps – Loan receivable mix as a percent of total earning assets increased from 83.7% to 85.4% 3Q’23 payment rate ~130 bps higher than 5-year historical average (‘15-’19) 3Q'22 NIM 15.52% Interest-bearing liabilities cost (1.85)% Loan receivables yield 0.95% Liquidity portfolio yield 0.46% Mix of Interest-earning assets 0.28% 3Q'23 NIM 15.36% 3Q'23 Highlights Payment Rate Trends (b)

8 Asset Quality Metrics Allowance for credit losses $ in millions, % of period-end loan receivables Net charge-offs $ in millions, % of average loan receivables including held for sale 30+ days past due $ in millions, % of period-end loan receivables 90+ days past due $ in millions, % of period-end loan receivables (a)

9 • Total other expense up 8% – Increase primarily driven by growth related items as well as technology investments and operational losses – Increases were partially offset by additional marketing and growth reinvestment of Gain on Sale proceeds in prior year – Employee cost increase primarily attributable to an increase in headcount driven by growth – Increased technology investments drove higher professional fees and information processing expenses • Efficiency ratio 33.2% vs. 36.5% prior year – Decrease in ratio driven by higher revenue partially offset by higher expenses B/(W) 3Q'22 3Q'23 V$ V% Employee costs $416 $444 $(28) (7)% Professional fees $204 $219 $(15) (7)% Marketing/BD $115 $125 $(10) (9)% Information processing $150 $177 $(27) (18)% Other $179 $189 $(10) (6)% Other expense $1,064 $1,154 $(90) (8)% Efficiency(a) 36.5% 33.2% (3.3) pts. Other Expense Other Expense $ in millions 3Q'23 Highlights8%

10 Tier 1 Capital + Credit Loss Reserve Ratio* Capital ratios Funding, Capital and Liquidity Funding sources $ in billions V$ $0.8 $0.1 $9.7 V% Liquidity $ in billions CET1 Capital Ratio Tier 1 Capital Ratio Total Capital Ratio * The “Tier 1 Capital + Credit Loss Reserve Ratio” is the sum of our “Tier 1 Capital” and “Allowance for Credit Losses,” divided by our “Total Risk-Weighted Assets”. Tier 1 Capital and Risk-Weighted Assets are adjusted to reflect the fully phased-in impact of CECL. These adjusted metrics are non-GAAP measures, see non-GAAP reconciliation in appendix. Unsecured Securitization Deposits Deposits 82% 84% 2 pts. Securitization 8% 7% (1) pts. Unsecured 10% 9% (1) pts. (a) (b) Liquid assets $16.6 $17.6 Undrawn credit facilities $3.7 $2.9 Total liquidity $20.3 $20.5 % of Total assets 20.1% 18.2%

11 2023 Outlook Key Driver Original Current Trends / Update Loan receivables growth 8 – 10% ~11% • 3Q driven by payment rate moderation and purchase volume growth • Expect purchase volume growth rate to slow and payment rate moderation to continue, but remain above pre-pandemic levels through year-end Net interest margin 15.00 – 15.25% ~15.15% • 3Q NIM influenced by: – Higher interest and fees on loans growth, driven by higher average receivables growth and payment rate moderation – Better than expected deposit betas • Expect 4Q NIM to be driven by potential variables: – Higher average liquidity to pre-fund seasonal growth – Higher deposit betas driven by competition and benchmark rate increases – Interest and fees on loans growth, partly offset by rising reversals Net charge-offs 4.75 – 5.00% ~4.85% • Credit performance remains in line with expectations – Delinquencies expected to follow seasonal trends moving forward – NCO dollars to continue rising through year; NCO rate not expected to reach pre-pandemic levels on an annual basis until 2024 RSA / Average loan receivables 4.00 – 4.25% ~3.95% • Improvement in RSA driven by continued credit normalization, lower net interest margin, and the mix of loan receivables growth, partially offset by higher purchase volume Operating expenses ~$1,125MM per qtr ~$1,150MM per qtr • Expense increase driven by growth, technology investments and operational losses • Managing expenses to deliver positive operating leverage (expense growth lower than NII growth) for the full year (comments and trends in comparison to 2022, except where noted) Full Year 2023

12 Footnotes All amounts and metrics included in this presentation are as of, or for the three months ended, September 30, 2023, unless otherwise stated. 3Q'23 Business Highlights a. New accounts represent accounts that were approved in the respective period, in millions. b. Purchase volume per account is calculated as total Purchase volume divided by Average active accounts, in $. c. Average balance per account is calculated as the Average loan receivables divided by Average active accounts, in $. Platform Results a. Accounts represent average active accounts in millions, which are credit card or installment loan accounts on which there has been a purchase, payment or outstanding balance in the current month. Purchase volume $ in billions and Interest and fees on loans $ in millions. Net Interest Income: a. Payment rate is calculated as customer payments divided by beginning of period loan receivables. b. Historical payment rate excludes portfolios sold in 2019 and 2022. Asset Quality: a. Allowance for credit losses reflects the adoption of ASU 2022-22, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” on January 1, 2023, which included a $294 million reduction to the allowance for credit losses upon adoption. Other Expense a. Other expense divided by sum of Net interest income plus Other income less Retailer share arrangements (RSA). Funding, Capital and Liquidity a. Does not include unencumbered assets in the Bank that could be pledged. b. 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. CET1, Tier 1, and Total Capital Ratio are presented on a Transition basis and capital ratios for 2023 and 2022 reflect 50% and 25%, respectively, of the phase-in of CECL effects.

14 Non-GAAP Reconciliation* The following table sets forth the components of our Tier 1 Capital + Reserves ratio for the periods indicated below. $ in millions At September 30 Total 2022 2023 Tier 1 Capital $ 13,012 $ 12,906 Less: CECL transition adjustment (1,719) (1,146) Tier 1 capital (CECL fully phased-in) $ 11,293 $ 11,760 Add: Allowance for credit losses 9,102 10,176 Tier 1 capital (CECL fully phased-in) plus Reserves for credit losses $ 20,395 $ 21,936 Risk-weighted assets $ 85,664 $ 97,987 Less: CECL transition adjustment (870) (580) Risk-weighted assets (CECL fully phased-in) $ 84,794 $ 97,407 * Estimated at September 30, 2023

EX-99.4

Exhibit 99.4

Explanation of Non-GAAP Measures

The information provided in this Form 8-K and exhibits includes measures which are not prepared in accordance with U.S. generally accepted accounting principles ("GAAP").

We present certain capital measures in this Form 8-K and exhibits. Our “fully-phased Tier 1 Capital and Credit Loss Reserve Ratio” is not required by regulators to be disclosed, and therefore is considered a non-GAAP measure. We believe this ratio is a useful measure to investors as it provides a meaningful measure of what the Company’s total loss absorption capacity would be if the transitional rules currently in effect, which permit the temporary deferral of the regulatory capital effects of CECL, were no longer available for us to apply.

We also present a measure we refer to as “tangible common equity” in this Form 8-K and exhibits. Tangible common equity itself is not a measure presented in accordance with GAAP. We believe tangible common equity is a more meaningful measure to investors of the net asset value of the Company.

The reconciliations of these capital and equity related non-GAAP measures to the applicable comparable GAAP financial measures are included in the detailed financial tables included in Exhibit 99.2.

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8-K Cover Page	Oct. 24, 2023
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Oct. 24, 2023
Entity Registrant Name	SYNCHRONY FINANCIAL
Entity Incorporation, State or Country Code	DE
Entity File Number	001-36560
Entity Tax Identification Number	51-0483352
Entity Address, Address Line One	777 Long Ridge Road
Entity Address, City or Town	Stamford,
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	203
Local Phone Number	585-2400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001601712
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	SYF
Security Exchange Name	NYSE
Series A Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares Each Representing a 1/40th Interest in a Share of 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
Trading Symbol	SYFPrA
Security Exchange Name	NYSE