Bread Financial Provides Performance Update for April 2024

COLUMBUS, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated.

	For the month ended April 30, 2024				For the month ended April 30, 2023
	(dollars in millions)
End-of-period credit card and other loans	$	17,891			$	18,039
Average credit card and other loans (1)	$	18,006			$	17,666
Year-over-year change in average credit card and other loans (1)		2	%			6	%
Net principal losses (2)	$	127			$	114
Net loss rate (1)(2)		8.6	%			7.8	%

	As of April 30, 2024				As of April 30, 2023
	(dollars in millions)
30 days + delinquencies – principal (2)	$	993			$	924
Period ended credit card and other loans – principal	$	16,492			$	16,829
Delinquency rate (2)		6.0	%			5.5	%

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