Bread Financial Provides Performance Update for March 2025

Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting its financial metrics for the month and three months ended March 31, 2025, indicating a net loss rate of 8.1% and a delinquency rate of 5.9% [1] Financial Performance - End-of-period credit card and other loans stood at $17,815 million as of March 31, 2025, with an average of$17,818 million for the same period [1] - There was a year-over-year decrease of 2% in average credit card and other loans [1] - Net principal losses were reported at $123 million for the month and$365 million for the three months ended March 31, 2025 [1] - The net loss rate slightly improved from 8.2% in the previous year to 8.1% [1] - Delinquency rate decreased from 6.2% in March 2024 to 5.9% in March 2025, with 30 days or more delinquencies amounting to $973 million [1] Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [2] - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their lifestyles [2] - It also supports growth for recognized brands in various sectors through private label and co-brand credit cards [2]