Bread Financial (BFH) Provides Performance Update for November 2023
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E-mailBread 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 the month ended November 30, 2023 |
| For the month ended November 30, 2022 | ||||
| (dollars in millions) | ||||||
End-of-period credit card and other loans | $ | 18,780 |
|
| $ | 20,487 |
|
Average credit card and other loans | $ | 18,200 |
|
| $ | 19,819 |
|
Year-over-year change in average credit card and other loans |
| (8 | %) |
|
| 24 | % |
Net principal losses (1) | $ | 120 |
|
| $ | 100 |
|
Net loss rate (1) |
| 7.9 | % |
|
| 6.1 | % |
| As of November 30, 2023 |
| As of | ||||
| (dollars in millions) | ||||||
30 days + delinquencies – principal (1) | $ | 1,131 |
|
| $ | 1,035 |
|
Period ended credit card and other loans – principal | $ | 17,402 |
|
| $ | 19,290 |
|
Delinquency rate (1) |
| 6.5 | % |
|
| 5.4 | % |
____________________________________________ | |
(1) | As previously communicated, the month ended November 30, 2022 Net principal losses, Net loss rate, 30 days + delinquencies - principal and Delinquency rate were impacted by the transition of our credit card processing services in June 2022. |
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