Bread Financial Provides Performance Update for March 2022

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 charge-offs and delinquency rates for the periods indicated.

For the
month ended
March 31, 2022

 

For the three
months ended
March 31, 2022

 

(dollars in millions)

End-of-period credit card and other loans

$

16,843

 

$

16,843

Average credit card and other loans

$

16,508

 

$

16,650

Year-over-year change in credit card and other loans

 

7%

 

 

5%

Net charge-offs

$

69

 

$

199

Net charge-offs as a percentage of credit card and other loans ⁽¹⁾

 

5.0%

 

 

4.8%

 

 

 

 

 

⁽¹⁾ Compares to 5.3% and 5.0% for the month and three months ended March 31, 2021, respectively.

 

As of
March 31, 2022

As of
March 31, 2021

(dollars in millions)