Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a decrease in average credit card and other loans by 1% year-over-year, with net principal losses slightly reduced to $112 million from $120 million [1] - The net loss rate improved to 7.5% in October 2025 from 7.9% in October 2024, while the delinquency rate also decreased to 6.1% from 6.4% [1] Financial Performance - End-of-period credit card and other loans stood at $17.694 billion in October 2025, down from $17.915 billion in October 2024 [1] - Average credit card and other loans were $17.627 billion in October 2025 compared to $17.867 billion in October 2024 [1] - The company experienced a year-over-year change in average credit card and other loans of -1% [1] Delinquency and Loss Rates - The net principal losses for the month ended October 31, 2025, were $112 million, reflecting a decrease from $120 million in the same month of the previous year [1] - The delinquency rate as of October 31, 2025, was reported at 6.1%, down from 6.4% in October 2024 [1] - The company noted that hurricanes Helene and Milton led to a freeze in delinquency progression for affected cardholders, contributing to the lower net principal losses and net loss rate [1]