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Reports $18.9B loan book with 5.99% net principal loss rate for September
BFHBread Financial Holdings, Inc.
Bread Financial Holdings released a performance update for the period ended September 30, 2026. End-of-period credit card and other loans totaled $18.85 billion, representing a 6.4% year-over-year increase in average balances. The company reported net principal losses of $92 million for the month, resulting in a net principal loss rate of 5.99%. Delinquency rates (30 days+) stood at 5.57%, down from 6.04% in the prior year period. Bread Financial is a tech-forward financial services company that provides payment, lending, and saving solutions to U.S. consumers.