Well Positioned to Deliver Sustainable Growth
Maintain Prudent Capital Position
While Driving Value for Shareholders
HIGH LOSS
ABSORPTION CAPACITY*
*
CETI CAPITAL JOURNEY
27%
(390) bps
18.0%
22%
20%
13%
Reserves
for Credit
5%
10%
Losses
Tier 1
Capital
15%
14%
12%
synchrony
14.1%
12.8%
2014
2020
2022
2Q'16
(Post-IPO Peak)
2019
2022
**
GROWING TBV PER SHARE
$22.24
$19.50
$15.34
6% CAGR
2016
2019
2022
Returned ~$17.9B of capital
to shareholders since 2016
Reflects 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.
**
Tangible book value (TBV) is a non-GAAP measure, also referred to as Tangible common equity (TCE); see non-GAAP reconciliation at the end of this presentation
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