Alliance Data Systems (ADS) Offers Sept. 2016 Performance Data; Delinquency Rate was 5%

October 17, 2016 7:34 AM EDT

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Alliance Data Systems Corporation (NYSE: ADS) provided an update on its Card Services segment.

In conjunction with the release of the Company's Master Trust Monthly Noteholder's Statement, the Company is releasing similar metrics for the overall total managed portfolio. The Master Trust data represents a subset of the Company's total managed portfolio, and the Company believes the information presented below provides a more complete view of the Card Services segment.

For themonth endedSeptember 30, 2016

For the ninemonths endedSeptember 30, 2016

(dollars in thousands)

Average receivables

$

14,231,539

$

13,679,029

Year over year change in average receivables

23%

25%

Net charge-offs

$

55,161

$

513,237

Net charge-offs as a percentage of average receivables(1)(2)

4.7%

5.0%

(1) The net loss rate for the third quarter was 4.7%, beating the Company's third quarter guidance. The Company is tracking to its guidance of a 5.0% principal loss rate for full year 2016.

(2) Compares to 4.4% for both the month and nine months ended September 30, 2015.

As ofSeptember 30, 2016

As ofSeptember 30, 2015

(dollars in thousands)

30 days + delinquencies - principal

$

698,470

$

513,931

Period ended receivables - principal

$

13,898,089

$

11,297,882

Delinquency rate

5.0%

4.5%



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