For the
month ended
July 31, 2022
|
For the
month ended
July 31, 2021
| |||||||
(dollars in millions)
| ||||||||
End-of-period credit card and other loans
|
$
|
17,884
|
$
|
15,916
| ||||
Average credit card and other loans
|
$
|
17,471
|
$
|
15,557
| ||||
Year-over-year change in average credit card and other loans
|
12
|
%
|
1
|
%
| ||||
Net principal losses (1) |
$
|
65
|
$
|
55
| ||||
Net loss rate (1) |
4.5
|
%
|
4.2
|
%
|
As of
July 31, 2022
|
As of
July 31, 2021
| |||||||
(dollars in millions)
| ||||||||
30 days + delinquencies - principal (2) |
$
|
810
|
$
|
518
| ||||
Period ended credit card and other loans - principal
|
$
|
16,885
|
$
|
15,179
| ||||
Delinquency rate (2) |
4.8
|
%
|
3.4
|
%
|
(1) |
The July 2022 Net principal losses, and consequentially the Net loss rate, were impacted by the planned transition of credit card processing services. Excluding the transition impact, which is timing-related, the Net loss rate for July 2022 would have increased sequentially following seasonal trends.
|
(2) |
The July 2022 30 days + delinquencies - principal, and consequentially the Delinquency rate, were also impacted by the planned transition of credit card processing services; we expect insignificant timing-related impacts in our Delinquency rates for the remainder of the year.
|
Contact:
| Investors/Analysts |
Brian Vereb
| |
Bread Financial
| |
614-528-4516
| |
Brian.Vereb@BreadFinancial.com | |
Media | |
Shelley Whiddon
| |
Bread Financial
| |
214-494-3811
| |
Shelley.Whiddon@BreadFinancial.com |
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Bread Financial Holdings Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:42:07 UTC.