Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, provided an update on its Card Services segment. The following tables present the Company’s net charge-offs and delinquency rate for the periods indicated.
|
For the month ended August 31, 2021 |
For the eight months ended August 31, 2021 |
|||||
|
(dollars in thousands) |
||||||
|
End of period receivables |
$ |
15,545,424 |
$ |
15,545,424 |
||
|
Average receivables |
$ |
15,532,382 |
$ |
15,536,187 |
||
|
Year over year change in average receivables |
2% |
(7)% |
||||
|
Net charge-offs |
$ |
51,791 |
$ |
498,701 |
||
|
Net charge-offs as a percentage of average receivables (1) |
4.0% |
4.8% |
||||
|
(1) |
Compares to 6.5% and 7.2% for the month and eight months ended August 31, 2020, respectively. |
|||||
|
As of August 31, 2021 |
As of August 31, 2020 |
||||
|
(dollars in thousands) |
|||||
|
30 days + delinquencies – principal |
$ |
528,941 |
$ |
659,943 |
|
|
Period ended receivables – principal |
$ |
14,801,745 |
$ |
14,659,967 |
|
|
Delinquency rate |
3.6% |
4.5% |
|||
Check Out The New Martech Cube Podcast. For more such updates, follow us on Google News Martech News