Bread Financial Provides Performance Update for March 2024

COLUMBUS, Ohio, April 25, 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 March 31, 2024				For the three months ended March 31, 2024
	(dollars in millions)
End-of-period credit card and other loans	$	18,185			$	18,185
Average credit card and other loans (1)	$	18,191			$	18,546
Year-over-year change in average credit card and other loans		3	%			(4	%)
Net principal losses (1)	$	135			$	394
Net loss rate (1)		8.8	%			8.5	%

	As of March 31, 2024				As of March 31, 2023
	(dollars in millions)
30 days + delinquencies – principal (2)	$	1,048			$	963
Period ended credit card and other loans – principal	$	16,780			$	16,860
Delinquency rate (2)		6.2	%			5.7	%

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