Bread Financial Provides Performance Update For July 2022

COLUMBUS, Ohio–(BUSINESS WIRE)–August 15, 2022–

Bread Financial Holdings, Inc. (NYSE: BFH), a technology-advanced financial services company that provides simple and personalized payment, lending and savings solutions, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated.

For

more finished

July 31, 2022

For

more finished

July 31, 2021

(millions of dollars)

End-of-period credit card and other loans

17,884

15,916

Average credit cards and other loans

17,471

15,557

Year-on-year variation in the average of credit cards and other loans

12%

Net capital losses (1)

Net Loss Rate (1)

4.5%

4.2%

How of

July 31, 2022

How of

July 31, 2021

(millions of dollars)

30 days + delinquent – principal (2)

810

518

Term Credit Card and Other Loans: Principal

16,885

15,179

Delinquency rate (2)

4.8%

3.4%

__________________________

(1)

July 2022 net principal losses, and consequently the net loss rate, were impacted by the planned transition of credit card processing services. Excluding the impact of the transition, which is related to weather, the July 2022 net loss rate would have increased sequentially following seasonal trends.

(2)

July 2022 30 days + delinquency – principal and consequently the delinquency rate were also affected by the planned transition of credit card processing services; we expect negligible weather-related impacts on our delinquency rates for the remainder of the year.

About Bread Financial™

Bread Financial TM (NYSE: BFH) is an advanced financial services company that provides simple and personalized payment, lending and savings solutions. The company creates opportunities for its customers and partners through digital options that deliver ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital focus, data insights and white label technology, Bread Financial delivers growth to its partners through a broad range of products, including private label and county credit cards, installment loans and buy-now-pay-later (BNPL). ). Bread Financial also offers direct-to-consumer solutions that give customers more access, choice and freedom through its brand Bread Cashback TM American Express ® Credit Card i Bread savings TM products

Bread Financial is an S&P MidCap 400 company headquartered in Columbus, Ohio, committed to sustainable business practices driven by its more than 6,000 global associates. To learn more about Bread Financial, visit BreadFinancial.com or follow us at Facebook, LinkedIn, Twitter i Instagram.

Forward-looking statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and generally , can be identified by using. words such as “believe”, “expect”, “anticipate”, “estimate”, “attempt”, “project”, “plan”, “likely”, “could”, “should” or other similar words or phrases . import Similarly, statements that describe our business strategy, prospects, objectives, plans, intentions or goals are also forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make about and guidance we give regarding our expected operating or financial results, future financial performance and prospects, initiation or completion of strategic initiatives, including our ability to ‘achieving the anticipated benefits of the LoyaltyOne® segment spin-off, future declarations of dividends, future economic conditions, including but not limited to market conditions, persistent inflation, increased interest rates, increased likelihood of a recession and related impacts on consumer behavior, future legislative or regulatory actions that could have an impact on our business and results of operations, including actions that may be taken with respect to fees or other charges, the evolving geopolitical environment, including the war in Ukraine, and the ongoing effects of the global pandemic of COVID-19, all of which are difficult to predict.

We believe that our expectations are based on reasonable assumptions. However, forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and there can be no assurance that our expectations will prove to have been correct These risks and uncertainties include, but are not limited to, the factors set forth in the Risk Factors section of our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated at 1A of, or elsewhere in, our quarterly reports on Form 10-Q filed for periods subsequent to this Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, except as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent, anticipated events or unforeseen circumstances or otherwise.

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CONTACT: Investors/Analysts

Brian Vereb

Financial bread

614-528-4516

Brian.Vereb@BreadFinancial.com

Media

Shelley Whiddon

Financial bread

214-494-3811

Shelley.Whiddon@BreadFinancial.com

KEYWORD: OHIO UNITED STATES NORTH AMERICA