Bread Financial CFO: “Resilient” Middle America, Improving Credit, Loan Growth Ahead as Partners Scale

Beberman said January credit results were “good numbers” and came in around expectations. He also flagged a seasonal increase in February, though he expects it to improve year-over-year. He said the company expects metrics to move “near 8” (but “not all the way to 8%”) as seasonal factors play out.He said customers have adjusted household budgets to cope with what he described as 30% to 35% compounded inflation post-COVID, and Bread is seeing consumers remain “choiceful” about what and when they purchase. W ...