Bread Financial Provides Performance Update For February 2024

COLUMBUS, Ohio, March 13, 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 February 29, 2024				For the month ended February 28, 2023
	(dollars in millions)
End-of-period credit card and other loans	$	18,391			$	18,113
Average credit card and other loans(1)	$	18,541			$	19,809
Year-over-year change in average credit card and other loans		(6	%)			20	%
Net principal losses(1)(2)	$	131			$	128
Net loss rate(1)(2)		8.9	%			7.8	%

	As of February 29, 2024				As of February 28, 2023
	(dollars in millions)
30 days + delinquencies – principal(2)	$	1,130			$	1,012
Period ended credit card and other loans – principal	$	16,962			$	16,911
Delinquency rate(2)		6.7	%			6.0	%