Bread Financial Provides Performance Update for June 2026
Rhea-AI Summary
Bread Financial (NYSE: BFH) released a June 30, 2026 performance update focused on credit metrics. For the month, end-of-period credit card and other loans were $18.48 billion, with average loans of $18.36 billion, up 4.1% year over year. Net principal losses were $104 million, reflecting a net principal loss rate of 6.88%. For the three months ended June 30, 2026, average loans were $18.20 billion, up 2.9% year over year, with net principal losses of $317 million and a 6.98% net principal loss rate.
As of June 30, 2026, 30+ day delinquencies on principal were $859 million versus $922 million a year earlier, while period-end loans were $16.36 billion versus $16.10 billion. The reported delinquency rate declined to 5.25% from 5.73% year over year.
Positive
- Average loans growth 4.1% YoY for June 2026 and 2.9% YoY for Q2 2026
- Delinquency rate improvement to 5.25% from 5.73% year over year
- 30+ day delinquencies down to $859M from $922M despite higher loan balance
Negative
- None.
News Market Reaction – BFH
On the day this news was published, BFH gained 0.57%, reflecting a mild positive market reaction. This price movement added approximately $23M to the company's valuation, bringing the market cap to $4.11B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | Leadership change | Neutral | +0.8% | Commercial leadership transition included a planned retirement and successor appointment. |
| Jul 07 | Earnings call scheduling | Neutral | -1.1% | Company scheduled its second-quarter 2026 earnings conference call for July 23. |
| Jun 10 | Performance update | Positive | +2.4% | May loan growth accompanied lower net loss and delinquency rates year over year. |
| Jun 03 | Conference participation | Neutral | -3.5% | Chief financial officer participated in a Morgan Stanley financials conference fireside chat. |
| May 20 | Sustainability report | Positive | +2.7% | Annual sustainability report cited credit-rating upgrades and increased charitable contributions. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Positive operating updates aligned with gains in two comparable historical events, while neutral corporate notices were followed by mixed or negative reactions.
Key Terms
net principal loss rate financial
delinquency rate financial
co-brand credit cards financial
private label credit cards financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
COLUMBUS, Ohio, July 23, 2026 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s Net principal loss rate and Delinquency rate for the periods indicated:
| For the month ended June 30, 2026 | For the three months ended June 30, 2026 | ||||||
| (dollars in millions) | |||||||
| End-of-period credit card and other loans | $ | 18,477 | $ | 18,477 | |||
| Average credit card and other loans | $ | 18,357 | $ | 18,197 | |||
| Year-over-year change in average credit card and other loans | 4.1 | % | 2.9 | % | |||
| Net principal losses | $ | 104 | $ | 317 | |||
| Net principal loss rate | 6.88 | % | 6.98 | % | |||
| As of June 30, 2026 | As of June 30, 2025 | ||||||
| (dollars in millions) | |||||||
| 30 days + delinquencies – principal | $ | 859 | $ | 922 | |||
| Period ended credit card and other loans – principal | $ | 16,355 | $ | 16,102 | |||
| Delinquency rate | 5.25 | % | 5.73 | % | |||
About Bread Financial®
Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel and entertainment, specialty apparel, health and beauty, jewelry, sporting goods, technology and electronics, as well as home and furniture through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.
Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.
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, future dividend declarations, and future economic conditions.
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could 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. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including inflation, interest rates, labor market conditions, financial and capital market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; global political events and conditions, including significant shifts in trade policy, such as changes to, or the imposition of, tariffs and/or trade barriers and consequently any economic impacts, volatility, uncertainty and geopolitical instability resulting therefrom, as well as ongoing wars and military conflicts, and international tensions or hostilities; local or global public health issues, climate-related events, impacts to the power grid, and natural disasters; future credit performance, including the level of future delinquency and charge-off rates; loss of, or reduction in demand for services and/or products from, significant brand partners or customers in the highly competitive markets in which we operate, including competition from new and non-traditional competitors, such as financial technology companies, and with respect to new products, services and technologies, such as the emergence or increase in popularity of agentic commerce, digital payment platforms and currencies and other alternative payment and deposit solutions; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including our credit risk management models and the amount of our Allowance for credit losses; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, executive action, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions that would place limits on credit card interest rates or late fees, interchange fees or other charges; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any liability or other adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries, including the pending litigation against us in connection with the spinoff. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” 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.
Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com
Susan Haugen — Investor Relations
Susan.Haugen@breadfinancial.com
Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com
