Major Rating Factors:
A current level of 17.1 percent of nonperforming loans to core capital combined with 16.9 percent from a year earlier contributes to the Weak asset quality (1.3). Operating profits as a percentage of assets at 2.9%, coupled with a return on assets of 2.1 has resulted in Excellent (7.7) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.9 and a capital leverage ratio of 13.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.8 on a scale of 0 to 10).
Asset Mix:
Consumer loans (82%), cash (21%), securities (1%)
States with Branches:
UT
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Bread Financial Holdings, Inc.
Investment Rating
--
Address
12921 South Vista Station Boulevard
Draper, UT 84020
Draper, UT 84020
Phone Number
(801) 527-2273
Year Founded
2003
FDIC Number
Website
Largest Affiliates
Wilmington, DE
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Bank