Bread Financial Holdings Inc. (NYSE: BFH) reported improved credit performance metrics for February 2026, according to a company statement released March 11.

The financial services company's net principal loss rate decreased to 7.7% in February 2026 from 8.6% in the same month last year. Net principal losses totaled $108 million compared to $120 million in February 2025.

The company's delinquency rate also improved, falling to 5.8% as of February 28, 2026, from 6.2% a year earlier. Delinquencies of 30 days or more decreased to $939 million from $1.027 billion in the prior year period.

End-of-period credit card and other loans reached $18.081 billion in February 2026, up from $17.949 billion in February 2025. Average credit card and other loans increased 1% year-over-year to $18.275 billion from $18.141 billion.

Bread Financial provides payment, lending and saving solutions to consumers and offers private label and co-brand credit cards for retail partners in sectors including travel, health and beauty, jewelry and specialty apparel.