Bread Financial Shows Improved Loan Performance

By Tamara Parker • Thursday, October 22 13:14 • Permanent Link

Bread Financial’s September credit update showed a mixed shift in loan performance, with losses easing even as delinquent balances remained elevated.

For the month ended September 30, 2026, average credit card and other loans rose to $18.740 billion, up 6.4% from a year earlier. For the three months ended September 30, 2026, average loans were $18.591 billion, up 5.7% year over year.

Net principal losses fell to $92 million for September, while the three-month total reached $300 million. The net principal loss rate improved to 5.99% for the month, down from 6.40% in the three-month period.

Delinquencies also moved lower year over year. As of September 30, 2026, 30 days-plus delinquencies totaled $923 million, compared with $963 million a year earlier. Principal loans outstanding were $16.584 billion, up from $15.928 billion. The delinquency rate declined to 5.57% from 6.04%. As a result of these announcements, the company's shares have moved 3.84% on the market, and are now trading at a price of $108.63. Check out the company's full 8-K submission here.

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