Bread Financial Holdings, Inc. provided earnings guidance for the first half and full year of 2023. For the full year, the company expects revenue growth to be consistent with average loan growth in 2023, excluding the anticipated gain on sale with a full year net interest margin similar to 2022 full year rate of 19.2%. The company anticipates the full year 2023 net loss rate will be approximately 7%.

The company's first half net loss rate is projected to be above 7%, inclusive of the impact from the previously discussed customer accommodations the company made in the second half of 2022 in connection with the transition of its credit card processing services.