Bread Financial Nov 2024: net loss rate 8.0% (7.9% YoY), delinquencies 6.2% (6.5% YoY)

BREAD FINANCIAL HOLDINGS, INC.

Net loss rate 8.0% for Nov 2024 vs 7.9% for Nov 2023; net principal losses $118M vs $120M.
Delinquency rate 6.2% as of Nov 30, 2024 vs 6.5% a year earlier; delinquent principal $1,032M vs $1,131M.
End-of-period credit card and other loans $18.143B, down from $18.780B YoY; average loans -1% YoY.
Hurricane Helene/Milton freeze on delinquency progression will shift some net losses from Q4 2024 to Q2 2025.

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