Bread Financial Provides Performance Update for April 2025

Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a decrease in average credit card and other loans by 2% year-over-year, from $18,006 million in April 2024 to $17,712 million in April 2025 [1] - The net loss rate improved from 8.6% in April 2024 to 7.8% in April 2025, indicating better credit performance [1] - The delinquency rate also decreased from 6.0% in April 2024 to 5.7% in April 2025, reflecting an overall improvement in loan quality [1] Financial Performance - End-of-period credit card and other loans stood at $17,721 million as of April 30, 2025, compared to $17,891 million a year earlier [1] - Net principal losses decreased from $127 million in April 2024 to $114 million in April 2025 [1] - The company experienced a temporary freeze on delinquency progression due to hurricanes Helene and Milton, which affected the net principal losses and loss rate in the subsequent quarter [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 financial well-being [2] - Bread Financial also partners with recognized brands in various sectors, including travel, entertainment, health, beauty, jewelry, and specialty apparel, through private label and co-brand credit cards [2]