Alliance Data Systems (ADS) announce November performance update
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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 rate for the periods indicated.
For the month ended November 30, 2021 | For the eleven months ended November 30, 2021 | |||||
(dollars in thousands) | ||||||
End of period receivables | $ | 16,644,454 | $ | 16,644,454 | ||
Average receivables | $ | 16,008,630 | $ | 15,559,698 | ||
Year over year change in average receivables | 2% | (5)% | ||||
Net charge-offs | $ | 61,253 | $ | 657,399 | ||
Net charge-offs as a percentage of average receivables (1) | 4.6% | 4.6% | ||||
(1) | Compares to 5.2% and 6.4% for the month and eleven months ended November 30, 2020, respectively. |
As of November 30, 2021 | As of November 30, 2020 | ||||
(dollars in thousands) | |||||
30 days + delinquencies - principal | $ | 615,063 | $ | 759,783 | |
Period ended receivables - principal | $ | 15,854,700 | $ | 15,347,163 | |
Delinquency rate | 3.9% | 5.0% | |||
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