Alliance Data Systems(US:BFH)2022-10-27 15:50Financial Performance - Revenue increased by 15% to $979 million in 3Q22 compared to $851 million in 3Q21[9, 10] - Net income decreased by 35% to $134 million in 3Q22 compared to $206 million in 3Q21[9, 10] - Diluted EPS decreased by 35% to $2.69 in 3Q22 compared to $4.11 in 3Q21[9, 10] - Pretax pre-provision earnings (PPNR) increased by 17% to $493 million in 3Q22 compared to $420 million in 3Q21[5, 10] - Average loans increased by 14% to $17.6 billion in 3Q22 compared to $15.5 billion in 3Q21[5, 9] Balance Sheet and Credit Quality - End-of-period loans increased by 16% in 3Q22 compared to 3Q21[5, 32] - Retail deposit growth increased by 70% in 3Q22 compared to 3Q21 and 24% compared to 2Q22[5] - Net interest margin increased by 1% to 19.9% in 3Q22 compared to 18.9% in 3Q21[5, 32] - The company anticipates the full year net loss rate to be in the low-to-mid 5% range[20] - End-of-period direct-to-consumer deposits increased 70% to $5.176 billion [32]