Bread Financial Holdings, Inc. (NYSE: BFH) has released its performance update for January 2025, revealing key metrics for the month ended January 31, 2025, and comparing them to the same period in 2024.
For the month ended January 31, 2025, the end-of-period credit card and other loans stood at $18,366 million, a decrease from $18,785 million in January 2024. The average credit card and other loans for January 2025 were $18,530 million, down from $18,915 million in January 2024, representing a year-over-year change of -2% compared to -9% in 2024.
The net principal losses for January 2025 were $123 million, slightly lower than the $128 million reported for the same period in 2024. The net loss rate for January 2025 was 7.8%, showing an improvement from 8.0% in January 2024.
In terms of delinquency rates, as of January 31, 2025, the 30 days + delinquencies – principal were reported at $1,032 million, a decrease from $1,170 million in January 2024. The period ended credit card and other loans – principal were $16,874 million, down from $17,311 million in January 2024. The delinquency rate for January 2025 was 6.1%, an improvement from 6.8% in January 2024.
The market has reacted to these announcements by moving the company's shares 2.9% to a price of $62.37. If you want to know more, read the company's complete 8-K report here.
