Monthly UpdateJun 10, 2026, 07:31 AM
Bread Financial May 2026 Net Loss Rate 6.98%, Delinquency Rate 5.24%
AI Summary
Bread Financial Holdings, Inc. provided a performance update for the month ended May 31, 2026, showing improvements in key credit quality metrics. The net principal loss rate decreased to 6.98% from 7.97% year-over-year, and the delinquency rate improved to 5.24% from 5.71%. The company also reported growth in its loan portfolio, with end-of-period credit card and other loans increasing to $18,363 million.
Key Highlights
- Net principal loss rate decreased to 6.98% in May 2026 from 7.97% in May 2025.
- Delinquency rate improved to 5.24% as of May 31, 2026, from 5.71% in May 2025.
- End-of-period credit card and other loans increased to $18,363 million from $17,702 million year-over-year.
- Average credit card and other loans rose to $18,169 million from $17,714 million year-over-year.
- Year-over-year change in average loans was 2.6% in May 2026, up from (0.7%) in May 2025.
- Net principal losses decreased to $108 million in May 2026 from $120 million in May 2025.
- 30+ day delinquencies (principal) fell to $853 million from $926 million year-over-year.
Price Impact
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