Bread Financial Reports May Net Principal Loss Rate Of 6.98%, Down From 7.97%, And Delinquency Rate Of 5.24%, Down From 5.71%
Benzinga Newsdesk 4 months ago
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Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance
Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company's Net principal loss rate and Delinquency rate for the periods indicated:
| For the month ended May 31, 2026 | For the month ended May 31, 2025 | ||||||
| (dollars in millions) | |||||||
| End-of-period credit card and other loans | $ | 18,363 | $ | 17,702 | |||
| Average credit card and other loans | $ | 18,169 | $ | 17,714 | |||
| Year-over-year change in average credit card and other loans | 2.6 | % | (0.7 | %) | |||
| Net principal losses (1) | $ | 108 | $ | 120 | |||
| Net principal loss rate (1) | 6.98 | % | 7.97 | % | |||
| As of May 31, 2026 | As of May 31, 2025 | ||||||
| (dollars in millions) | |||||||
| 30 days + delinquencies – principal | $ | 853 | $ | 926 | |||
| Period ended credit card and other loans – principal | $ | 16,287 | $ | 16,200 | |||
| Delinquency rate | 5.24 | % | 5.71 | % | |||