|
|
|
|
|
(State or Other Jurisdiction
|
|
(Commission
|
|
(IRS Employer
|
of Incorporation)
|
|
File Number)
|
|
Identification No.)
|
|
Written communications pursuant to Rule 425 under the Securities Act
|
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
|
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
|
Title of each class
|
Trading symbol
|
Name of each exchange on which registered
|
||
|
|
|
Exhibit No.
|
Document Description
|
|
Press release dated September 15, 2022 providing a performance update as of and for the period ended August 31, 2022.
|
||
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
|
Bread Financial Holdings, Inc.
|
|||
Date: September 15, 2022
|
By:
|
/s/ Joseph L. Motes III
|
|
Joseph L. Motes III
|
|||
Executive Vice President, Chief
Administrative Officer, General
Counsel and Secretary
|
|
For the
month ended
August 31, 2022
|
For the
month ended
August 31, 2021
|
||||||
(dollars in millions)
|
||||||||
End-of-period credit card and other loans
|
$
|
18,020
|
$
|
15,545
|
||||
Average credit card and other loans
|
$
|
17,602
|
$
|
15,532
|
||||
Year-over-year change in average credit card and other loans
|
13
|
%
|
2
|
%
|
||||
Net principal losses
|
$
|
78
|
$
|
52
|
||||
Net loss rate
|
5.3
|
%
|
4.0
|
%
|
|
As of
August 31, 2022
|
As of
August 31, 2021
|
||||||
(dollars in millions)
|
||||||||
30 days + delinquencies – principal (1)
|
$
|
900
|
$
|
529
|
||||
Period ended credit card and other loans – principal
|
$
|
16,950
|
$
|
14,802
|
||||
Delinquency rate (1)
|
5.3
|
%
|
3.6
|
%
|
(1)
|
The August 2022 30 days + delinquencies – principal, and consequentially the Delinquency rate, were impacted by the planned
transition of credit card processing services; we expect insignificant timing-related impacts in our Delinquency rates for the
remainder of the year.
|
Contact:
|
Investors/Analysts
|
Brian Vereb
|
|
Bread Financial
|
|
614-528-4516
|
|
Brian.Vereb@BreadFinancial.com
|
|
Media
|
|
Shelley Whiddon
|
|
Bread Financial
|
|
214-494-3811
|
|
Shelley.Whiddon@BreadFinancial.com
|