Bread Financial Oct 2024: Net loss rate 7.9% vs 8.0% YoY; delinquency rate 6.4% vs 6.5%

BREAD FINANCIAL HOLDINGS, INC.

End-of-period credit card and other loans $17,915M, down from $18,386M a year ago.
Net principal losses $120M, up slightly from $119M in Oct 2023.
Net loss rate improved to 7.9% from 8.0% YoY.
30+ day delinquency rate decreased to 6.4% from 6.5%.
Hurricanes Helene and Milton led to freezing delinquency progression in FEMA zones, affecting Q4 2024 and Q2 2025 loss rates.

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