Bread Financial Provides Performance Update for June 2025

Core Insights - Bread Financial Holdings, Inc. reported a net loss rate of 7.8% for the three months ended June 30, 2025, slightly down from 7.9% in the previous year [1] - The delinquency rate improved to 5.7% as of June 30, 2025, compared to 6.0% a year earlier [1] - The company experienced a year-over-year decline of 1% in average credit card and other loans, totaling $17.631 billion [1] Financial Performance - End-of-period credit card and other loans stood at $17.656 billion as of June 30, 2025 [1] - Net principal losses for the quarter were reported at $113 million, with a total of $348 million for the year [1] - The company noted that the impact of hurricanes Helene and Milton led to a temporary freeze on delinquency progression, affecting net principal losses and loss rates in the second quarter of 2025 [1] Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to millions of U.S. consumers [2] - The company offers general purpose credit cards and savings products, aiming to empower customers and enhance their quality of life [2] - Bread Financial collaborates with recognized brands in various sectors, including travel, health, and specialty apparel, through private label and co-brand credit cards [2]