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Bread Financial™ Provides Performance Update for May 2024

COLUMBUS, Ohio, June 12, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE:BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company's net loss rate and delinquency rate for the periods indicated.   For themonth endedMay 31, 2024   For themonth endedMay 31, 2023   (dollars in millions) End-of-period credit card and other loans $ 17,847     $ 18,078   Average credit card and other loans(1) $ 17,846     $ 17,666   Year-over-year change in average credit card and other loans(1)   1 %     4 % Net principal losses(2) $ 133     $ 124   Net loss rate(1)(2)   8.8