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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