Bread Financial Holdings, Inc. (NYSE: BFH) provided a performance update for the period ended September 30, 2026, disclosing specific credit metrics regarding its credit card and other loan portfolios.
As of September 30, 2026, the company reported an end-of-period balance of $18.85 billion for credit card and other loans. The average balance for this period was $18.74 billion, representing a 6.4% year-over-year increase.
The filing details the Net Principal Loss Rate for the month ended September 30, 2026, at 5.99%. For the three months ended September 30, 2026, the rate was 6.40%. In dollar terms, the company reported net principal losses of $92 million for the month and $300 million for the quarter.
Regarding delinquency, as of September 30, 2026, the company reported 30 days past due principal balances of $923 million. This resulted in a delinquency rate of 5.57%. The total period-end credit card and other loans principal balance was $16.584 billion.
