Bread Financial Holdings, Inc. reported a net principal loss rate of 7.23% for March 2026 and a delinquency rate of 5.59% as of March 31, 2026, reflecting year-over-year improvements in credit performance metrics.
Key takeaways
Net principal loss rate was 7.23% for the month ended March 31, 2026, and 7.33% for the three months ended March 31, 2026.
The 30+ day delinquency rate improved to 5.59% as of March 31, 2026, down from 5.93% in the prior year period.
Average credit card and other loans increased 1.3% year-over-year for the month ended March 31, 2026.
End-of-period credit card and other loans stood at $18.135 billion as of March 31, 2026.
Net principal losses totaled $111 million for the month and $331 million for the three months ended March 31, 2026.