Bread Financial Provides Performance Update for May 2025

Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a decrease in net loss rate and delinquency rate year-over-year [1] Financial Performance - As of May 31, 2025, the end-of-period credit card and other loans stood at $17,702 million, a slight decrease from $17,847 million in the same period of 2024, reflecting a year-over-year change of -1% [1] - The net principal losses for May 2025 were $120 million, down from $133 million in May 2024, resulting in a net loss rate of 8.0%, compared to 8.8% a year earlier [1] - The delinquency rate as of May 31, 2025, was 5.7%, a decrease from 5.9% in May 2024, with 30 days + delinquencies totaling $926 million, down from $976 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] - Bread Financial also supports growth for recognized brands in various sectors through private label and co-brand credit cards [2]