Here's Why Bread Financial Shares Are Up Post Q1

Bread Financial Holdings, Inc BFH reported first-quarter FY22 revenue (total net interest and non-interest income) growth of 15% year-on-year to $921 million missing the consensus of $936.4 million.
Higher average loan balances, improved loan yields, and improvement in the cost of funds drove the growth.
Credit sales increased 14% Y/Y to $6.9 billion as consumer spending remained strong.
Net interest income rose 18.4% Y/Y to $989 million.
EPS of $4.21 missed the consensus of $4.41.
The delinquency rate of 4.1% increased from 3.8% in 1Q21 due to gradual consumer payment rate normalization.
The net loss rate of 4.8% improved from 5.0% in 1Q21 and remained well below its historical average net loss rate.
Bread Financial sees total revenue growth for 2022 aligned with average loan growth, with potential upside from improved net interest margin.
Bread Financial sees full-year 2022 average credit card and other loan growth in the low-double-digit range relative to 2021, up from a high-single to the low-double-digit range.
Price Action: BFH shares traded higher by 6% at $56.87 on the last check Thursday.

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