Synchrony Financial (SYF) 8-K Regulation FD Disclosure

Exhibit 99.1

SYNCHRONY FINANCIAL
MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS
AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED
(unaudited, $ in billions)
The following table provides monthly charge-off and delinquency statistics as of and for each of the thirteen months ended August 31, 2023.
The year over year increase in the over-30 day loan delinquencies as a percentage of period-end loan receivables (the “30+ delinquency rate”) at August 31, 2023 and the year over year increase in net charge-offs for the month ended August 31, 2023 reflect the normalization of credit trends.
	Aug 31, 2023			Jul 31, 2023			Jun 30, 2023			May 31, 2023			Apr 30, 2023			Mar 31, 2023			Feb 28, 2023			Jan 31, 2023			Dec 31, 2022			Nov 30, 2022			Oct 31, 2022			Sep 30, 2022			Aug 31, 2022
Period-end loan receivables	$	97.3		$	96.3		$	94.8		$	93.9		$	92.1		$	91.1		$	90.7		$	91.5		$	92.5		$	90.0		$	87.4		$	86.0		$	85.0
Average loan receivables, including held for sale	$	96.2		$	95.2		$	93.9		$	92.3		$	91.3		$	90.3		$	90.8		$	91.3		$	91.2		$	87.8		$	86.2		$	85.2		$	84.0
30+ days past due as a % of period-end loan receivables	4.1		%	4.0		%	3.8		%	3.8		%	3.7		%	3.8		%	3.9		%	3.8		%	3.7		%	3.6		%	3.4		%	3.3		%	3.1		%
Net charge-offs (annualized) as a % of average loan receivables, including held for sale(1)	4.6		%	4.7		%	4.7		%	5.0		%	4.6		%	4.5		%	4.7		%	4.2		%	3.5		%	3.6		%	3.4		%	2.9		%	3.1		%
Recovery adjustment(2)	0.1		%	—		%	—		%	(0.1)		%	0.1		%	—		%	—		%	0.1		%	(0.1)		%	0.1		%	—		%	0.1		%	—		%
Adjusted net charge-offs as a % of average loan receivables, including held for sale(3)	4.7		%	4.7		%	4.7		%	4.9		%	4.7		%	4.5		%	4.7		%	4.3		%	3.4		%	3.7		%	3.4		%	3.0		%	3.1		%
(1) Charge-offs are executed on charge-off cycle dates which occur on various days during each calendar month. The number of different charge-off cycle dates in each month varies based on such factors as the calendar and the timing of billing cycles. As a result, the amount of charged-off loan receivables can vary between monthly periods with no corresponding change in the performance of the portfolio. The following table sets forth the number of different charge-off cycle dates for our consumer credit card loan receivables, which represent approximately 95% of total period end loan receivables at August 31, 2023, for the calendar months indicated.
	2022			2023
January	28			30
February	28			28
March	28			28
April	26			28
May	30			29
June	28			27
July	28			28
August	29			28
September	27			26
October	28			30
November	29			28
December	25			28
(2) Represents adjustment to allocate recoveries, including debt sales, evenly across the three calendar months of each respective quarterly reporting period. The adjustments for periods other than for the last month of each calendar quarter incorporate estimated recoveries for the applicable full quarterly reporting period. Such estimates are subject to change within each applicable quarter and may differ from actual quarterly results.
(3) Adjusted net charge-offs represent a non-GAAP financial measure. Adjusted net charge-offs as a % of average loan receivables, including held for sale, represent the Company's net charge-off rate for each month including the 'recovery adjustment' defined above. We believe the presentation of this measure is useful to investors as it represents a monthly measure which is more indicative of both our quarterly and annual net charge-off rates.

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