Synchrony Financial

Strong Q3 performance; record purchase volume and solid credit - Net earnings: $892m ($2.68/share, diluted) - ROAA: 2.9%; RO TCE: 25.2%; TBV/share: +6% - Purchase volume: ~$50B, +8% YoY (also stated as the highest Q3 level in company history and second straight quarter near this level) - Loan receivables: $103B, +3%; growth described as accelerating - Credit quality remained strong: Net charge-off rate 4.79% (down 37 bps vs 5.16% last year); 90+ and 30+ delinquencies in line with prior year - Allowance for credit losses: 10.01% of loan receivables, down ~34 bps vs last year

Guidance / outlook: 2026 EPS raised to top end; expects continued strong credit but pay-rate headwind - Full-year 2026 diluted EPS outlook: ~$9.50 (management expects ~$9.50, “high end” of the original range) - Loan growth (year-end): mid single digits - Net interest income: expected to increase - Net charge-offs: < 5.5% with delinquencies/losses following normal seasonality - RSAs (risk, service assets / operating metric): expected higher than previously but still within long-term target ~4%–4.5% of avg receivables - Other expense (Q4): generally expected in line with Q3 (still investing for future capability/growth)

Operating drivers: volume growth broad-based; co-brand and younger cohorts expanding; digital modest growth - 5 sales platform strength: - Diversified & Value purchase volume: +13% YoY (partner expansion + higher gas prices) - In Home & Auto: +9% YoY (new programs/select furniture + gas price impact) - Lifestyle: +6% YoY (e.g., apparel/luxury + new programs) - Digital platform sales: +5% - Health & Wellness: +3% (notably Pet growth) - Co-brand card spend: ~53% of spend through Synchrony co-branded cards; those cards +23% YoY - Gen Z / millennials: spend growth is “fastest” in younger demographics (especially Diversified & Value, Digital, Home & Auto) - Prism underwriting & analytics highlighted as enabling responsible lending to credit-ready customers earlier in their financial journeys