Alliance Data Systems (ADS) Provides Performance Update for February 2022
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Alliance Data Systems Corporation (NYSE: ADS), a leading provider of tech-forward payment and lending solutions, provided a performance update. The following tables present the Company’s net charge-offs and delinquency rates for the periods indicated.
| For the | For the two | ||||||
| (dollars in millions) | |||||||
End of period receivables | $ | 16,799 |
| $ | 16,799 |
| ||
Average receivables | $ | 16,571 |
| $ | 16,722 |
| ||
Year over year change in average receivables |
| 5 | % |
| 5 | % | ||
Net charge-offs | $ | 66 |
| $ | 131 |
| ||
Net charge-offs as a percentage of average receivables (1) |
| 4.8 | % |
| 4.7 | % | ||
| ______________________________ |
|
| ||||||
(1) Compares to 5.2% and 4.9% for the month and two months ended February 28, 2021, respectively. | ||||||||
| As of | As of | ||||||
| (dollars in millions) | |||||||
30 days + delinquencies - principal | $ | 695 |
| $ | 643 |
| ||
Period ended receivables - principal | $ | 15,973 |
| $ | 15,114 |
| ||
Delinquency rate |
| 4.4 | % |
| 4.3 | % | ||
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