Bread Financial Holdings Inc. announced its performance update for May 2025, showcasing several key financial metrics. The company reported that the end-of-period credit card and other loans amounted to $17.7 billion, slightly down from $17.8 billion in May 2024. The average credit card and other loans also saw a year-over-year decrease of 1%, moving from $17.8 billion in May 2024 to $17.7 billion in May 2025. Net principal losses for the month were recorded at $120 million, a decrease from $133 million the previous year. This reduction is partly attributed to the freezing of delinquency progression due to the impacts of hurricanes Helene and Milton, which had previously resulted in lower net principal losses in late 2024. Consequently, these actions have affected net principal losses and the net loss rate in the second quarter of 2025. The net loss rate improved, dropping from 8.8% in May 2024 to 8.0% in May 2025. Additionally, the delinquency rate showed a slight improvement, decreasing from 5.9% in May 2024 to 5.7% in May 2025. The 30 days or more delinquencies in principal stood at $926 million, down from $976 million a year earlier. Meanwhile, the period-ended credit card and other loans in principal decreased from $16.4 billion in May 2024 to $16.2 billion in May 2025.