Bread Financial Provides Performance Update for September 2025

Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a net loss rate of 6.9% for the three months ended September 30, 2025, a decrease from 7.4% in the same period last year [1] - The delinquency rate improved to 6.0% as of September 30, 2025, down from 6.4% a year earlier [1] - The company experienced a year-over-year decline in average credit card and other loans, with a 2% decrease in the three months ended September 30, 2025, compared to the previous year [1] Financial Performance - End-of-period credit card and other loans stood at $17.655 billion as of September 30, 2025, unchanged from the previous year [1] - Average credit card and other loans were reported at $17.605 billion for the three months ended September 30, 2025, compared to $17.596 billion in the same period last year [1] - Net principal losses for the period were $101 million, a significant decrease from $328 million in the previous year [1] Delinquency and Loss Rates - The net loss rate for the company was recorded at 6.9% for the three months ended September 30, 2025, compared to 7.4% for the same period in 2024 [1] - The total amount of 30 days or more delinquencies in principal was $963 million as of September 30, 2025, down from $1.062 billion a year prior [1] - The delinquency rate reflects an improvement, indicating better credit performance and management [1]