Bread Financial Holdings Inc. (NYSE: BFH) reported improved credit performance metrics for April 2026, according to a company statement released May 15.

The financial services company's net principal loss rate decreased to 7.09% in April 2026, down from 7.85% in the same month of 2025. Net principal losses totaled $105 million in April 2026, compared to $114 million in April 2025.

The company's delinquency rate also improved, falling to 5.34% as of April 30, 2026, from 5.73% a year earlier. The dollar amount of loans that were 30 days or more delinquent decreased to $859 million from $933 million in the prior year period.

Bread Financial's average credit card and other loans grew 2.0% year-over-year to $18.067 billion in April 2026, compared to $17.712 billion in April 2025. End-of-period credit card and other loans totaled $18.123 billion in April 2026, up from $17.721 billion in the same month of 2025.

The company noted that hurricanes Helene and Milton in September and October 2024 affected its credit metrics. Bread Financial froze delinquency progression for cardholders in Federal Emergency Management Agency identified impact zones for one billing cycle during the fourth quarter of 2024, which resulted in lower net principal losses in that quarter and consequently higher losses in the second quarter of 2025.

Bread Financial provides payment, lending and saving solutions to consumers and operates co-brand and private label credit card programs for retail partners.