Exhibit 99.2

Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions. We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including market conditions, inflation, rising interest rates, unemployment levels and the increased probability of a recession, and the related impact on consumer payment rates, savings rates and other behavior; global political and public health events and conditions, including the ongoing war in Ukraine and the continuing effects of the global COVID-19 pandemic; future credit performance, including the level of future delinquency and write-off rates; the loss of, or reduction in demand from, significant brand partners or customers in the highly competitive markets in which we compete; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including the amount of our Allowance for credit losses and our credit risk management models; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives, including the spinoff of our former LoyaltyOne® segment; our level of indebtedness and ability to access financial or capital markets; pending and future legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions with respect to late fees, interchange fees or other charges; impacts arising from or relating to the transition of our credit card processing services to third party service providers that we completed in 2022; and failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2022. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. Non-GAAP Financial Measures We prepare our Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (GAAP). However, certain information included within this presentation, constitutes non-GAAP financial measures. Our calculations of non-GAAP financial measures may differ from the calculations of similarly titled measures by other companies. In particular, Pretax pre-provision earnings (PPNR) is calculated by increasing/decreasing Income from continuing operations before income taxes by the net build/release in Provision for credit losses. We use PPNR as a metric to evaluate our results of operations before income taxes, excluding the volatility that can occur within Provision for credit losses. Tangible common equity over Tangible assets (TCE/TA) represents Total stockholders’ equity reduced by Goodwill and intangible assets, net, (TCE) divided by Tangible assets (TA), which is Total assets reduced by Goodwill and intangible assets, net. We use TCE/TA as a metric to evaluate the Company’s capital adequacy and estimate its ability to cover potential losses. Tangible book value per common share represents TCE divided by shares outstanding. We use Tangible book value per common share as a metric to estimate the Company’s potential value in relation to tangible assets per share. We believe the use of these non-GAAP financial measures provide additional clarity in understanding our results of operations and trends. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, please see the “Reconciliation of GAAP to Non-GAAP Financial Measures”.

©2023 Bread Financial Continued Business Transformation in 2022 Transforming our Company to deliver sustainable, profitable growth 3 Enhanced our core technology and digital capabilities Invested more than $125 million in technology modernization, digital advancement, marketing, and product innovation Rebranded to Bread Financial, a tech-forward financial services company Recognized for our prioritization of Environmental, Social, and Governance Successfully launched new brand partners and renewed long-term relationships Expanded our product suite and direct-to-consumer offerings

©2023 Bread Financial Full Year 2021 Actuals Full Year 2022 Outlook Full Year 2022 Actuals Average loans $15,656 million Up low double digits Up 13% $17,768 million Revenue $3,272 million Aligned with / better than loan growth Up 17% $3,826 million Total non-interest expenses $1,684 million Positive operating leverage Positive operating leverage = 2% $1,932 million Net loss rate 4.6% Low-to-mid 5% range 5.4% Achievement of 2022 Financial Outlook 4 Additional Financial Achievements Quality growth as PPNR increased 19% compared with 2021 Strengthened financial resilience through improvement in capital positioning and debt reduction Increased credit loss absorption capacity through loan loss reserves Grew retail deposits on our Bread Savings platform to $5.5 billion, an increase of $2.3 billion or 72% ☑ ☑ ☑ ☑ 4

4Q22 Business Development Highlights Brand Partner Renewal New Brand Partnerships Select New Bread Pay Partners Continued strong merchant adoption boutique tech retailer luxury handbags tires, wheels & auto parts online jewelry & accessories retailer exercise & fitness equipment

$1,033 million Revenue $(134) million Net Loss $(2.68) Diluted EPS 6 Fourth Quarter 2022 Financial Highlights Credit sales of $10.2 billion were up 16% versus 4Q21 driven by new brand partner additions including AAA and NFL, as well as new products and growth from existing brand partners Fourth quarter average loans of $19.8 billion were up 23% versus 4Q21 Revenue increased 21% versus 4Q21, while total non-interest expenses increased 28% Income from continuing operations decreased $195 million versus 4Q21, as the improvement in PPNR was offset by a higher provision for credit losses reflecting loan growth in the quarter, including the acquisition of the AAA portfolio, a higher reserve rate, and increased net principal losses Credit performance metrics continued to normalize, as expected ©2023 Bread Financial

$3,826 million Revenue $224 million Net Income $4.47 Diluted EPS 7 Credit sales of $32.9 billion were up 11% versus 2021 driven by organic growth, as well as new product and brand partner additions Full year 2022 average loans of $17.8 billion were up 13% versus 2021 Revenue increased 17% versus 2021, while total non-interest expenses increased 15% Income from continuing operations of $224 million was down 72% versus 2021, as PPNR growth was more than offset by higher provision for credit losses reflecting strong loan growth, including the acquisition of new portfolios, a higher reserve rate, and increased net principal losses Credit performance metrics continued to normalize, as expected Full Year 2022 Financial Highlights Continuing Operations ©2023 Bread Financial

* Pretax pre-provision earnings (PPNR) is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and "Reconciliation of GAAP to Non-GAAP Financial Measures". nm – not meaningful ($ in millions, except per share) 4Q22 4Q21 $ Chg % Chg 2022 2021 $ Chg % Chg Total interest income $ 1,325 $ 1,017 $ 308 30% $ 4,684 $ 3,868 $ 816 21% Total interest expense 195 84 111 132% 503 383 120 31% Net interest income 1,130 933 197 21% 4,181 3,485 696 20% Total non-interest income (97) (78) (19) 24% (355) (213) (142) 66% Revenue 1,033 855 178 21% 3,826 3,272 554 17% Net principal losses 312 176 136 77% 968 720 248 35% Reserve build (release) 380 187 193 103% 626 (176) 802 nm Provision for credit losses 692 363 329 91% 1,594 544 1,050 193% Total non-interest expenses 548 427 121 28% 1,932 1,684 248 15% (Loss) income before income taxes (207) 65 (272) nm 300 1,044 (744) (71%) Provision for income taxes (73) 4 (77) nm 76 247 (171) (69%) Net (loss) income $ (134) $ 61 $ (195) nm $ 224 $ 797 $ (573) (72%) Net (loss) income per diluted share $ (2.68) $ 1.21 $ (3.89) nm $ 4.47 $ 15.95 $ (11.48) (72%) Weighted avg. shares outstanding – diluted 50.0 50.0 50.0 50.0 Pretax pre-provision earnings (PPNR)* $ 485 $ 428 $ 57 13% $ 1,894 $ 1,588 $ 306 19% $ in millions +13% +19% Financial Results Continuing Operations

Average interest-bearing liabilities ($ in billions) Average interest-earning assets ($ in billions) Net Interest Margin 84% 84% 81% 81% 81% 81% 81% 81% 84% 16% 16% 19% 19% 19% 19% 19% 19% 16% 26% 27% 26% 28% 26% 28% 29% 26% 25% 17% 16% 17% 16% 14% 11% 11% 10% 10% 10% 11% 13% 15% 18% 19% 22% 27% 26% 47% 46% 44% 41% 42% 42% 38% 37% 39%

5 year peak rate: 7.6% 5 year low rate: 3.9% 5 year avg rate: ~6.0% 5 year peak rate: 6.0% 5 year avg rate: ~5.0% 5 year low rate: 3.3% Reserve Rates ($ in millions) Revolving Credit Risk Distribution (Vantage score) Credit Quality and Allowance (1) The 2Q22 Net loss rate includes a 30 basis point increase from the effects of the purchase of previously written-off accounts that were sold to a third-party debt collection agency. (2) Calculated as the percentage of the Allowance for credit losses to end-of-period Credit card and other loans. (1) Note: The 3Q22 and 4Q22 Delinquency and Net loss rates were impacted by the transition of our credit card processing services.

Full Year 2022 Actuals Full Year 2023 Outlook Commentary Average loans $17,768 million Up mid- single digits Based on our new and renewed business announcements, visibility into our pipeline, anticipated BJ's portfolio sale, and our current economic outlook, we expect full year 2023 average credit card and other loans to grow in the mid-single digit range relative to 2022 Revenue $3,826 million Aligned with loan growth Net interest margin expected to remain similar to the 2022 full year rate of 19.2% Our outlook continues to assume additional interest rate increases by the Federal Reserve will result in a nominal benefit to total net interest income Guidance excludes anticipated gain on sale Total non-interest expenses $1,932 million Positive operating leverage We will manage the pace of investments to align with our revenue and growth outlook Includes ongoing strategic investment in technology modernization, digital advancement, marketing, and product innovation driving future growth and efficiencies Expect to deliver nominal full year positive operating leverage, excluding anticipated gain on sale Net loss rate 5.4% ~7% Our outlook is inclusive of impacts from the 2022 transition of our credit card processing services as well as continued pressure on consumers’ ability to pay due to persistent inflation and higher rates We remain confident in our long-term guidance of a through-the-cycle average net loss rate below our historical average of 6% 2023 Financial Outlook Our 2023 financial outlook assumes a more challenging macroeconomic landscape with continued inflationary pressures and an unemployment rate gradually moving to the mid-to-upper 4% range by year end 2023. We will update our guidance as these factors change.

Enhanced credit risk management and underlying credit distribution Improved balance sheet strength and funding mix Strong corporate governance Prudent balance sheet management Disciplined expense management Proactive risk management Loan loss reserve materially higher Capital ratios significantly improved Increased mix of consumer deposits Diversification across products and partners Prudent and proactive line management Active recession readiness playbook Enhanced core capabilities Credit mix shift to higher quality Well-established risk appetite metrics Reduced debt levels Strengthened Financial Resilience Transforming our Company to deliver sustainable, profitable growth with an expectation to outperform historic loss levels

Average Loans and Credit Sales

Pretax Pre-Provision Earnings* The fourth quarter 2022 marks the seventh consecutive quarter with double-digit year-over-year growth. * Pretax pre-provision earnings (PPNR) is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and "Reconciliation of GAAP to Non-GAAP Financial Measures". 23% 14% 52% 24% 24% 17% 13%

Total non-interest expenses increased 28% versus 4Q21 Employee compensation and benefit costs increased primarily driven by increased salaries and continued digital and technology modernization-related hiring Card and processing expenses increased in part due to an increase in card issuance volume and related activities Information processing and communications expenses increased as a result of the transition of our credit card processing services and other software licensing expenses Other expenses increased primarily due to increased legal and other business activity costs Total Non-Interest Expenses 14% 37% 50% 18% 48% 49% +28% +15% +3% -1% 4Q22 vs. 4Q21 Change in Non-Interest Expenses * Efficiency ratio represents Total non-interest expenses divided by Total net interest and non-interest income.

. . . . . (6) Tangible common equity (TCE) represents Total stockholders’ equity reduced by Goodwill and intangible assets, net. Tangible assets (TA) represents Total assets reduced by Goodwill and intangible assets, net. TCE/TA is a non-GAAP financial measure. (7) Tangible book value per common share represents TCE divided by shares outstanding, and is a non-GAAP measure. (8) Payment rate represents consumer payments during the last month of the period, divided by the beginning-of-month credit card and other loans, including held for sale in applicable periods. (9) The 3Q22, 4Q22, and full year 2022 Delinquency and Net Loss rates were impacted by the transition of our credit card processing services. ($ in millions) 4Q22 4Q21 4Q22 vs 4Q21 3Q22 4Q22 vs 3Q22 2022 2021 2022 vs 2021 Credit sales $ 10,166 $ 8,778 16% $ 7,689 32% $ 32,883 $ 29,603 11% Average credit card and other loans $ 19,820 $ 16,086 23% $ 17,598 13% $ 17,768 $ 15,656 13% End-of-period credit card and other loans $ 21,365 $ 17,399 23% $ 18,126 18% $ 21,365 $ 17,399 23% End-of-period direct-to-consumer deposits $ 5,466 $ 3,180 72% $ 5,176 6% $ 5,466 $ 3,180 72% Return on average assets(1) (2.2%) 1.1% (3.3%) 2.4% (4.6%) 1.0% 3.6% (2.6%) Return on average equity(2) (23.3%) 11.1% (34.4%) 22.8% (46.1%) 9.8% 40.7% (30.9%) Net interest margin(3) 19.1% 18.8% 0.3% 19.9% (0.8%) 19.2% 18.2% 1.0% Loan yield(4) 26.0% 25.2% 0.8% 27.2% (1.2%) 26.0% 24.7% 1.3% Efficiency ratio(5) 53.1% 50.0% 3.1% 49.7% 3.4% 50.5% 51.5% (1.0%) Tangible common equity / tangible assets ratio (TCE/TA)(6) 6.0% 6.6% (0.6%) 8.0% (2.0%) 6.0% 6.6% (0.6%) Tangible book value per common share(7) $ 29.42 $ 28.09 4.7% $ 34.30 (14.2%) $ 29.42 $ 28.09 4.7% Cash dividend declared per common share $ 0.21 $ 0.21 —% $ 0.21 —% $ 0.84 $ 0.84 —% Payment rate(8) 16.4% 17.2% (0.8%) 15.5% 0.9% 16.4% 17.2% (0.8%) Delinquency rate(9) 5.5% 3.9% 1.6% 5.7% (0.2%) 5.5% 3.9% 1.6% Net loss rate(9) 6.3% 4.4% 1.9% 5.0% 1.3% 5.4% 4.6% 0.8% Reserve rate 11.5% 10.5% 1.0% 11.4% 0.1% 11.5% 10.5% 1.0% Summary Financial Highlights Continuing Operations (1) Return on average assets represents annualized Income from continuing operations divided by average Total assets. (2) Return on average equity represents annualized Income from continuing operations divided by average Total stockholders’ equity. (3) Net interest margin represents annualized Net interest income divided by average Total interest-earning assets. (4) Loan yield represents annualized Interest and fees on loans divided by Average credit card and other loans. (5) Efficiency ratio represents Total non-interest expenses divided by Total net interest and non-interest income.

. . . . (5) Efficiency ratio represents Total non-interest expenses divided by Total net interest and non-interest income.. (6) Tangible common equity (TCE) represents Total stockholders’ equity reduced by Goodwill and intangible assets, net. Tangible assets (TA) represents Total assets reduced by Goodwill and intangible assets, net. TCE/TA is a non-GAAP financial measure. (7) Tangible book value per common share represents TCE divided by shares outstanding, and is a non-GAAP measure. (8) Payment rate represents consumer payments during the last month of the period, divided by the beginning-of-month credit card and other loans, including held for sale in applicable periods. ($ in millions) 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 2021 2022 Credit sales $ 7,657 $ 6,043 $ 7,401 $ 7,380 $ 8,778 $ 6,887 $ 8,140 $ 7,689 $ 10,166 $ 29,603 $ 32,883 Year-over-year change (18%) (1%) 54% 20% 15% 14% 10% 4% 16% 20% 11% Average credit card and other loans $ 15,759 $ 15,785 $ 15,282 $ 15,471 $ 16,086 $ 16,650 $ 17,003 $ 17,598 $ 19,820 $ 15,656 $ 17,768 Year-over-year change (13%) (14%) (5%) 1% 2% 5% 11% 14% 23% (4%) 13% End-of-period credit card and other loans $ 16,784 $ 15,537 $ 15,724 $ 15,690 $ 17,399 $ 16,843 $ 17,769 $ 18,126 $ 21,365 $ 17,399 $ 21,365 Year-over-year change (14%) (12%) (1%) 1% 4% 8% 13% 16% 23% 4% 23% End-of-period direct-to-consumer deposits $ 1,700 $ 2,152 $ 2,398 $ 3,052 $ 3,180 $ 3,561 $ 4,191 $ 5,176 $ 5,466 $ 3,180 $ 5,466 Year-over-year change 46% 81% 30% 79% 87% 66% 75% 70% 72% 87% 72% Return on average assets(1) 1.4% 4.9% 4.8% 3.7% 1.1% 4.0% 0.2% 2.4% (2.2%) 3.6% 1.0% Return on average equity(2) 21.3% 66.3% 56.4% 38.0% 11.1% 38.5% 2.2% 22.8% (23.3%) 40.7% 9.8% Net interest margin(3) 17.8% 17.7% 17.3% 18.9% 18.8% 19.4% 18.6% 19.9% 19.1% 18.2% 19.2% Loan yield(4) 24.1% 23.8% 23.9% 25.6% 25.2% 25.6% 25.0% 27.2% 26.0% 24.7% 26.0% Efficiency ratio(5) 63.4% 50.1% 55.5% 50.6% 50.0% 46.2% 52.9% 49.7% 53.1% 51.5% 50.5% Tangible common equity / tangible assets ratio (TCE/TA)(6) 3.7% 5.2% 6.4% 7.2% 6.6% 7.8% 7.5% 8.0% 6.0% 6.6% 6.0% Tangible book value per common share(7) $ 16.34 $ 21.32 $ 27.12 $ 31.18 $ 28.09 $ 31.87 $ 31.75 $ 34.30 $ 29.42 $ 28.09 $ 29.42 Cash dividend declared per common share $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.84 $ 0.84 Payment rate(8) 16.2% 18.8% 17.6% 16.7% 17.2% 17.7% 15.3% 15.5% 16.4% 17.2% 16.4% Delinquency rate 4.4% 3.8% 3.3% 3.8% 3.9% 4.1% 4.4% 5.7% 5.5% 3.9% 5.5% Net principal loss rate 6.0% 5.0% 5.1% 3.9% 4.4% 4.8% 5.6% 5.0% 6.3% 4.6% 5.4% Reserve rate 12.0% 11.9% 10.4% 10.5% 10.5% 10.8% 11.2% 11.4% 11.5% 10.5% 11.5% Summary Financial Highlights Continuing Operations (1) Return on average assets represents annualized Income from continuing operations divided by average Total assets. (2) Return on average equity represents annualized Income from continuing operations divided by average Total stockholders’ equity. (3) Net interest margin represents annualized Net interest income divided by average Total interest-earning assets. (4) Loan yield represents annualized Interest and fees on loans divided by Average credit card and other loans.

($ in millions, except per share) 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 2021 2022 Total interest income $ 950 $ 942 $ 915 $ 994 $ 1,017 $ 1,068 $ 1,073 $ 1,218 $ 1,325 $ 3,868 $ 4,684 Total interest expense 112 107 100 91 84 79 95 133 195 383 503 Net interest income 838 835 815 903 933 989 978 1,085 1,130 3,485 4,181 Total non-interest income (69) (33) (51) (52) (78) (68) (85) (106) (97) (213) (355) Revenue 769 802 764 851 855 921 893 979 1,033 3,272 3,826 Net principal losses 235 198 194 152 176 199 238 218 312 720 968 Reserve build (release) (82) (165) (208) 9 187 (6) 166 86 380 (176) 626 Provision for credit losses 153 33 (14) 161 363 193 404 304 692 544 1,594 Total non-interest expenses 487 402 424 431 427 426 473 486 548 1,684 1,932 Income (loss) before income taxes 129 367 354 259 65 302 16 189 (207) 1,044 300 Provision for income taxes 55 99 91 53 4 91 4 55 (73) 247 76 Net income (loss) $ 74 $ 268 $ 263 $ 206 $ 61 $ 211 $ 12 $ 134 $ (134) $ 797 $ 224 Net income (loss) per diluted share $ 1.54 $ 5.38 $ 5.25 $ 4.11 $ 1.21 $ 4.21 $ 0.25 $ 2.69 $ (2.68) $ 15.95 $ 4.47 Weighted average shares outstanding – diluted 48.4 49.8 50.0 50.0 50.0 50.0 49.9 49.9 50.0 50.0 50.0 Pretax pre-provision earnings (PPNR)* $ 282 $ 400 $ 340 $ 420 $ 428 $ 495 $ 420 $ 493 $ 485 $ 1,588 $ 1,894 Pretax pre-provision earnings (PPNR) is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and "Reconciliation of GAAP to Non-GAAP Financial Measures". Financial Results Continuing Operations

4Q22 2022 ($ in millions) Average Balance Interest Income / Expense Average Yield / Rate Average Balance Interest Income / Expense Average Yield / Rate Cash and investment securities $ 3,813 $ 35 3.7% $ 3,954 $ 69 1.8% Credit card and other loans 19,820 1,290 26.0% 17,768 4,615 26.0% Total interest-earning assets 23,633 1,325 22.4% 21,722 4,684 21.6% Direct-to-consumer (Retail) 5,374 40 2.9% 4,342 81 1.9% Wholesale deposits 7,915 62 3.1% 7,358 162 2.2% Interest-bearing deposits 13,289 102 3.1% 11,700 243 2.1% Secured borrowings 5,065 64 5.1% 5,089 153 3.0% Unsecured borrowings 1,928 29 6.1% 1,966 107 5.5% Interest-bearing borrowings 6,993 93 5.4% 7,055 260 3.7% Total interest-bearing liabilities $ 20,282 $ 195 3.9% $ 18,755 $ 503 2.7% Net interest income $ 1,130 $ 4,181 Net interest margin* 19.1% 19.2% Net interest margin represents annualized Net interest income divided by average Total interest-earning assets. Net Interest Margin

Banks Combined Capital Ratios 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Common equity tier 1 capital ratio(2) 18.4% 21.0% 22.1% 22.6% 20.0% 20.8% 20.1% 19.4% 17.0% Tier 1 capital ratio(3) 18.4% 21.0% 22.1% 22.6% 20.0% 20.8% 20.1% 19.4% 17.0% Total risk-based capital ratio(4) 19.7% 22.3% 23.4% 23.9% 21.3% 22.1% 21.5% 20.7% 18.3% Tier 1 leverage capital ratio(5) 17.1% 17.8% 19.2% 19.5% 18.6% 18.2% 17.7% 16.3% 15.6% Parent Level: Liquidity as of December 31, 2022, of $0.9 billion, consisting of cash on hand plus revolver capacity Bank Level (Banks Combined): As of December 31, 2022, the banks finished the quarter with $3.8 billion in cash on hand and $3.3 billion in equity Total risk-based capital ratio at 18.3% - nearly double the 10% threshold to be considered well-capitalized; CET1 at 17.0% Funding in place to support expected growth outlook – with continued long-term strategic focus on retail deposit growth (1) Tangible common equity (TCE) represents Total stockholders’ equity reduced by Goodwill and intangible assets, net. Tangible assets (TA) represents Total assets reduced by Goodwill and intangible assets, net. TCE/TA is a non-GAAP financial measure. (2) The Common equity tier 1 capital ratio represents common equity tier 1 capital divided by total risk-weighted assets. (3) The Tier 1 capital ratio represents tier 1 capital divided by total risk-weighted assets. (4) The Total risk-based capital ratio represents total capital divided by total risk-weighted assets. (5) The Tier 1 leverage capital ratio represents tier 1 capital divided by total assets for leverage ratio. Tangible Common Equity/Tangible Assets Ratio(1) -0.6% Capital and Liquidity

-33% Loss Absorption Capacity and Debt Levels Capital Priorities Support Profitable Growth Opportunities Improve Capital Metrics & Reduce Debt Levels Efficient Return of Capital to Shareholders * The “Tangible Common Equity + Credit Reserves Rate” is calculated as the sum of Tangible common equity and Allowance for credit losses divided by End-of-period loans. This is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures”.

($ in millions, except per share amounts) 4Q22 4Q21 $ Chg % Chg 2022 2021 $ Chg % Chg (Loss) income from continuing operations, net of taxes $ (134) $ 61 $ (195) nm $ 224 $ 797 $ (573) (72%) Income (loss) from discontinued operations, net of taxes 0 (44) 44 (100%) (1) 4 (5) (111%) Net (loss) income $ (134) $ 17 $ (151) nm $ 223 $ 801 $ (578) (72%) Net (loss) income per diluted share from continuing ops $ (2.68) $ 1.21 $ (3.89) nm $ 4.47 $ 15.95 $ (11.48) (72%) Net income (loss) per diluted share from discontinued ops $ — $ (0.87) $ 0.87 (100%) $ (0.01) $ 0.07 $ (0.08) (111%) Net (loss) income per diluted share $ (2.68) $ 0.34 $ (3.02) nm $ 4.46 $ 16.02 $ (11.56) (72%) Weighted average shares outstanding – diluted (in millions) 50.0 50.0 50.0 50.0 nm – not meaningful Financial Results

($ in millions) 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 2021 2022 Pretax pre-provision earnings (PPNR) Income (loss) before income taxes $ 129 $ 367 $ 354 $ 259 $ 65 $ 302 $ 16 $ 189 $ (207) $ 1,044 $ 300 Provision for credit losses 153 33 (14) 161 363 193 404 304 692 544 1,594 Pretax pre-provision earnings (PPNR) $ 282 $ 400 $ 340 $ 420 $ 428 $ 495 $ 420 $ 493 $ 485 $ 1,588 $ 1,894 Tangible common equity (TCE) Total stockholders’ equity $ 1,522 $ 1,764 $ 2,048 $ 2,246 $ 2,086 $ 2,268 $ 2,275 $ 2,399 $ 2,265 $ 2,086 $ 2,265 Less: Goodwill and intangible assets, net (710) (704) (699) (694) (687) (682) (694) (690) (799) (687) (799) Tangible common equity (TCE) $ 812 $ 1,060 $ 1,349 $ 1,552 $ 1,399 $ 1,586 $ 1,581 $ 1,709 $ 1,466 $ 1,399 $ 1,466 Tangible assets (TA) Total assets $ 22,547 $ 21,163 $ 21,812 $ 22,257 $ 21,746 $ 20,938 $ 21,811 $ 21,960 $ 25,407 $ 21,746 $ 25,407 Less: Goodwill and intangible assets, net (710) (704) (699) (694) (687) (682) (694) (690) (799) (687) (799) Tangible assets (TA) $ 21,837 $ 20,459 $ 21,113 $ 21,563 $ 21,059 $ 20,256 $ 21,117 $ 21,270 $ 24,608 $ 21,059 $ 24,608 Reconciliation of GAAP to Non-GAAP Financial Measures

5 year peak rate: 7.6% 5 year low rate: 3.9% 5 year avg rate: ~6.0% 5 year peak rate: 6.0% 5 year avg rate: ~5.0% 5 year low rate: 3.3% Credit Quality Trends (2) (1) Peak Delinquency and Net loss rates occurred in 2009. (2) The 2Q22 Net loss rate includes a 30 basis point increase from the effects of the purchase of previously written-off accounts that were sold to a third-party debt collection agency. Note: The 3Q22 and 4Q22 Delinquency and Net loss rates were impacted by the transition of our credit card processing services. Delinquency Rates Net Loss Rates 15 year peak rate(1): 10.0% 15 year peak rate(1): 6.2%