Bread Financial™ Provides Performance Update for May 2024

For the month ended May 31, 2023 (dollars in millions) End-of-period credit card and other loans $17,847$ 18,078 Average credit card and other loans(1) $17,846$ 17,666 Year-over-year change in average credit card and other loans(1) 1 % 4 % Net principal losses(2) $133$ 124 Net loss rate(1)(2) 8.8 % 8.4 % As of May 31, 2024 As of May 31, 2023 (dollars in millions) 30 days + delinquencies – principal(2) $976$ 932 Period ended credit card and other loans – principal $16,446$ 16,845 Delinquency rate(2 ...