Bread Financial Provides Performance Update for January 2024

COLUMBUS, Ohio, Feb. 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 January 31, 2024				For the month ended January 31, 2023
	(dollars in millions)
End-of-period credit card and other loans	$	18,785			$	20,837
Average credit card and other loans (1)	$	18,915			$	20,700
Year-over-year change in average credit card and other loans		(9	%)			23	%
Net principal losses (1)(2)	$	128			$	115
Net loss rate (1)(2)		8.0	%			6.7	%

	As of January 31, 2024				As of January 31, 2023
	(dollars in millions)
30 days + delinquencies – principal (2)	$	1,170			$	1,137
Period ended credit card and other loans – principal	$	17,311			$	19,529
Delinquency rate (2)		6.8	%			5.8	%

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