other material
confidence high
sentiment positive
materiality 0.50
Bread Financial April credit metrics improve: net loss rate 7.8%, delinquency 5.7%
BREAD FINANCIAL HOLDINGS, INC.
- Net loss rate fell to 7.8% in April 2025 from 8.6% a year earlier; principal losses $114M vs $127M.
- Delinquency rate (30+ days) improved to 5.7% as of April 30, 2025, from 6.0% a year ago.
- Average credit card and other loans were $17.7B, down 2% YoY from $18.0B.
- Hurricane-related delinquency freezes (Helene/Milton) will negatively impact Q2 2025 net losses.