Bread Financial Provides Performance Update for November 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] - The company experienced a 1% decline in average credit card and other loans from November 2024 to November 2025 [1] - The impact of hurricanes Helene and Milton led to a temporary freeze on delinquency progression for affected cardholders, contributing to lower net principal losses [1] Financial Performance - End-of-period credit card and other loans as of November 30, 2025, were $18,094 million, compared to $18,143 million in 2024, reflecting a 1% decrease [1] - Average credit card and other loans decreased from $17,947 million in November 2024 to $17,776 million in November 2025, also a 1% decline [1] - Net principal losses decreased from $118 million in November 2024 to $109 million in November 2025, resulting in a net loss rate of 7.4%, down from 8.0% [1] Delinquency Metrics - The delinquency rate improved from 6.2% in November 2024 to 6.0% in November 2025 [1] - The total amount of 30 days or more delinquencies was $967 million as of November 30, 2025, compared to $1,032 million in 2024 [1] - The total principal amount of credit card and other loans was $16,251 million as of November 30, 2025, down from $16,695 million in 2024 [1]