Exhibit 99.1

Investor Relations    Media Relations
Greg Ketron    Sue Bishop
(203) 585-6291    (203) 585-2802
For Immediate Release: January 24, 2020
Synchrony Financial Reports Fourth Quarter Net Earnings of $731 Million
or $1.15 Per Diluted Share
Includes Benefit from Walmart Portfolio Reserve Reduction of $0.05 Per Diluted Share
STAMFORD, Conn. – Synchrony Financial (NYSE: SYF) today announced fourth quarter 2019 net earnings of $731 million, or $1.15 per diluted share; this includes a $38 million pre-tax, $28 million after-tax, or $0.05 per diluted share benefit from a reduction in the reserve related to the sale of the Walmart consumer portfolio, which was completed in October. Highlights included*.
Loan receivables decreased 6% to $87.2 billion; loan receivables grew 5% on a Core** basis
Interest and fees on loans decreased 6% to $4.5 billion; interest and fees on loans increased 5% on a Core basis
Purchase volume was flat at $40.2 billion; purchase volume was up 7% on a Core basis
Average active accounts decreased 5% to 74 million; average active accounts grew 3% on a Core basis
Deposits grew $1.1 billion, or 2%, to $65.1 billion
Announced a new partnership with Verizon making Synchrony the exclusive issuer of Verizon’s co-branded consumer credit card which will be launched in the first half of this year
Established new Payment Solutions relationships: Mor Furniture for Less, Grand Home Furnishings, Travis Industries, and Leisure Pro
Renewed key Payment Solutions relationships: Rooms To Go, BuyMax Alliance, CFMOTO, and Continental Tires
CareCredit established a new relationship with Kaiser Permanente, bringing the number of health systems under contract to five, and renewed a key relationship with Demant
Paid quarterly common stock dividend of $0.22 per share and repurchased $1.4 billion of Synchrony Financial common stock
Issued $750 million of preferred stock

“2019 marked another year of significant transformation for Synchrony. During the year we renewed over 50 partnerships and won 30 new business deals, expanded our CareCredit, Auto and Home networks, significantly enhanced the digital experience for our cardholders, and substantially grew our direct-to-consumer deposit platform. The consistent investments we have made in people and technology have propelled our company forward and empowered leading offerings for our partners and enhanced capabilities and user experiences for our cardholders. Organic growth continues to present the largest opportunity as we have demonstrated in our ability to not only grow existing programs, but also launch new programs with fast-growing partners in new markets,” said Margaret Keane, Chief Executive Officer of Synchrony Financial. “Further, we remain focused on executing a capital allocation strategy that helps to drive growth at attractive risk adjusted returns, while maintaining a strong balance sheet and the ability to continue to return capital to shareholders.”


The following information was filed by Synchrony Financial (SYF) on Friday, January 24, 2020 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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