Bread Financial Holdings, Inc. (NYSE: BFH) has released its performance update for June 2025, showcasing key metrics for the month and the three months ended June 30, 2025. The company's end-of-period credit card and other loans remained constant at $17,656 million for both periods, with average credit card and other loans experiencing a slight year-over-year decrease of 1%.
In terms of net principal losses, there was a significant decrease in the three months ended June 30, 2025, with a reported $113 million compared to $348 million in the previous period. This led to a slight improvement in the net loss rate, which decreased from 7.9% in the month ended June 30, 2025, to 7.8% for the three months ended June 30, 2025.
The company also reported a reduction in delinquencies, with 30 days+ delinquencies – principal dropping to $922 million from $979 million as of June 30, 2024. This decrease contributed to an improvement in the delinquency rate, which decreased from 6.0% in June 30, 2024, to 5.7% as of June 30, 2025.
It's important to note that the company mentioned the impact of hurricanes Helene and Milton on its operations, stating that delinquency progression for cardholders in federal emergency management agency identified impact zones was frozen for one billing cycle. This led to lower net principal losses and net loss rate in the fourth quarter of 2024 but negatively impacted these metrics in the second quarter of 2025.
Bread Financial, a tech-forward financial services company, continues to provide simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. Additionally, the company delivers growth for well-known brands in various sectors through its private label and co-brand credit cards and pay-over-time products, offering choice and value to shared customers. Following these announcements, the company's shares moved 2.12%, and are now trading at a price of $64.20. Check out the company's full 8-K submission here.
