Bread Financial Says Credit Card Losses And Late Payments Improved YoY In November

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 loss rate and delinquency rate for the periods indicated:

For the month ended November 30, 2025			For the month ended November 30, 2024
(dollars in millions)
End-of-period credit card and other loans	$	18,094	$	18,143
Average credit card and other loans	$	17,776	$	17,947
Year-over-year change in average credit card and other loans	(1	%)	(1	%)
Net principal losses(1)	$	109	$	118
Net loss rate(1)	7.4	%	8.0	%

 

As of November 30, 2025			As of November 30, 2024
(dollars in millions)
30 days + delinquencies – principal	$	967	$	1,032
Period ended credit card and other loans – principal	$	16,251	$	16,695
Delinquency rate	6.0	%	6.2	%

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(1)	As a result of hurricanes Helene and Milton we froze delinquency progression for cardholders in Federal Emergency Management Agency identified impact zones for one billing cycle, which resulted in modestly lower Net principal losses and Net loss rate in the fourth quarter of 2024.