Quarterly UpdatesJul 23, 2026, 06:57 AM
Bread Financial Delinquency Rate Improves to 5.25%
AI Summary
Bread Financial Holdings, Inc. provided a performance update for June and the second quarter of 2026. The company reported an improved delinquency rate of 5.25% as of June 30, 2026, compared to 5.73% a year prior. The net principal loss rate for the three months ended June 30, 2026, was 6.98%, with average credit card and other loans growing 2.9% year-over-year.
Key Highlights
- Delinquency rate improved to 5.25% as of June 30, 2026, down from 5.73% year-over-year.
- Net principal loss rate for the three months ended June 30, 2026, was 6.98%.
- End-of-period credit card and other loans reached $18,477 million as of June 30, 2026.
- Average credit card and other loans increased 2.9% year-over-year for Q2 2026.
- Net principal losses for the three months ended June 30, 2026, totaled $317 million.
- Net principal loss rate for the month ended June 30, 2026, was 6.88%.
Price Impact
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