Bread Financial reports March credit performance metrics

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

The financial services company reported a net principal loss rate of 7.23% for the month ended March 31, 2026, and 7.33% for the three-month period ended March 31, 2026. Net principal losses totaled $111 million for March and $331 million for the quarter.

The company's delinquency rate for accounts 30 days or more past due was 5.59% as of March 31, 2026, compared to 5.93% in the same period last year. Delinquencies totaled $901 million versus $973 million in March 2025.

End-of-period credit card and other loans reached $18.135 billion as of March 31, 2026. Average credit card and other loans for March were $18.042 billion, representing a 1.3% year-over-year increase. For the three-month period, average loans were $18.283 billion, up 0.7% from the prior year.

Period-ended credit card and other loans on a principal basis totaled $16.107 billion as of March 31, 2026, compared to $16.390 billion in the same period last year.

The Columbus, Ohio-based company provides payment, lending and saving solutions and operates co-brand and private label credit cards for various retail partners.

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