Exhibit 99.1

syf1q16eprimage11.jpg
Investor Relations    Media Relations
Greg Ketron    Sue Bishop
(203) 585-6291    (203) 585-2802
For Immediate Release: October 19, 2018

Synchrony Financial Reports Third Quarter Net Earnings of $671 Million or $0.91 Per Diluted Share
STAMFORD, Conn. – Synchrony Financial (NYSE: SYF) today announced third quarter 2018 net earnings of $671 million, or $0.91 per diluted share. Highlights included:
Net interest income increased 9% from the third quarter of 2017 to $4.2 billion
Loan receivables grew $11 billion, or 14%, from the third quarter of 2017 to $88 billion
Purchase volume increased 11% from the third quarter of 2017 to $36 billion
Deposits grew $8 billion, or 14%, from the third quarter of 2017 to $62 billion
Completed the U.S. PayPal Credit financing program acquisition on July 2, 2018, acquiring $7.6 billion in receivables and making Synchrony the exclusive issuer of PayPal Credit in the U.S.
Renewed relationships: Lowe’s, JCPenney, Associated Materials, and Generac
Added new partnerships: Fred Meyer Jewelers and Eargo
Expanded CareCredit network and enhanced mobile app capabilities
Paid quarterly common stock dividend of $0.21 per share and repurchased $966 million of Synchrony Financial common stock

“We generated strong results this quarter, adding a top new program with the completion of the acquisition of the U.S. PayPal Credit program, while also continuing to drive organic growth. In addition to renewing key partnerships, we won exciting new programs. We have also been expanding our valuable CareCredit network, entering more than 25 new markets over the last several quarters. We continue to invest in our digital capabilities and network, focusing on ease of card use across platforms, as well as card utility, enhancing our competitive position in the rapidly changing marketplace. We are also seeing other important elements of our business, such as credit quality, continue to perform in-line with our expectations,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial.

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The following information was filed by Synchrony Financial (SYF) on Friday, October 19, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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