Bread Financial Provides Performance Update for April 2022
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For the
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For the four
|
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(dollars in millions) |
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End-of-period credit card and other loans |
$ |
17,215 |
$ |
17,215 |
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Average credit card and other loans |
$ |
16,666 |
$ |
16,654 |
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Year-over-year change in credit card and other loans |
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|
|
|
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Net charge-offs |
$ |
73 |
$ |
273 |
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Net charge-offs as a percentage of credit card and other loans (1) |
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|
|
|
||
(1) |
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Compares to |
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As of
|
|
As of
|
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|
(dollars in millions) |
||||
30 days + delinquencies - principal |
$ |
638 |
|
$ |
503 |
Period ended credit card and other loans - principal |
$ |
16,391 |
|
$ |
14,714 |
Delinquency rate |
|
|
|
|
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About
Bread Financial™ (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology,
Formerly
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, initiation or completion of strategic initiatives, including our ability to realize the intended benefits of the spinoff of the LoyaltyOne® segment, future dividend declarations, and future economic conditions, including, but not limited to, market conditions, inflation, developments in the geopolitical environment, including the war in
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
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Investors/Analysts
614-528-4516
Brian.Vereb@BreadFinancial.com
Media
214-494-3811
Shelley.Whiddon@BreadFinancial.com
Source:
