ALLIANCE DATA PROVIDES PERFORMANCE UPDATE FOR JANUARY 2022
Alliance Data Systems Corporation (NYSE: ADS) reported its performance update for January 2022, revealing key financial metrics. End-of-period receivables totaled $16.97 billion, with an average of $16.87 billion, reflecting a year-over-year increase of 4%. Net charge-offs amounted to $64.4 million, representing 4.6% of average receivables. The delinquency rate improved slightly to 4.2% from 4.3% a year earlier, while 30+ days delinquent principal reached $680.67 million. Overall, the report indicates stable performance amid ongoing market challenges.
- End-of-period receivables of $16.97 billion, up 4% year-over-year.
- Delinquency rate improved to 4.2%, compared to 4.3% in January 2021.
- Average receivables increased to $16.87 billion.
- Net charge-offs of $64.4 million, maintaining a high percentage of 4.6% of average receivables.
COLUMBUS, Ohio, Feb. 15, 2022 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of tech-forward payment and lending solutions, provided a performance update. The following tables present the Company's net charge-offs and delinquency rate for the periods indicated.
For the month ended January 31, 2022 | |||
(dollars in thousands) | |||
End of period receivables | $ | 16,974,325 | |
Average receivables | $ | 16,872,678 | |
Year over year change in average receivables | |||
Net charge-offs | $ | 64,396 | |
Net charge-offs as a percentage of average receivables (1) | |||
(1) Compares to |
As of January 31, 2022 | As of January 31, 2021 | ||||
(dollars in thousands) | |||||
30 days + delinquencies - principal | $ | 680,670 | $ | 665,278 | |
Period ended receivables - principal | $ | 16,128,056 | $ | 15,373,568 | |
Delinquency rate | |||||
About Alliance Data
Alliance Data® (NYSE: ADS) is a leading provider of tech-forward payment and lending solutions, serving customers and consumer-based industries in North America. Through omnichannel touch points and a comprehensive product suite that includes credit products and Bread® digital payment solutions, Alliance Data helps its partners drive loyalty and growth, while giving customers greater payment choices. Through its Comenity-branded financial services, it also offers credit and savings products to consumers.
Headquartered in Columbus, Ohio, Alliance Data is an S&P MidCap 400 company that employs approximately 6,000 associates worldwide. In November 2021, Alliance Data completed the spinoff of its LoyaltyOne segment, which included the Canadian AIR MILES® Reward Program, and Netherlands-based BrandLoyalty. The company is now known as Loyalty Ventures Inc. (Nasdaq: LYLT).
More information about Alliance Data can be found at AllianceData.com. Follow Alliance Data on Twitter, Facebook, LinkedIn, Instagram and YouTube.
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 can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, initiation or completion of strategic initiatives including our ability to realize the intended benefits of the spinoff of our LoyaltyOne segment, future dividend declarations, and future economic conditions, including, but not limited to, market conditions and COVID-19 impacts related to relief measures for impacted borrowers and depositors, labor shortages due to quarantine, and reduction in demand from clients.
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, 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 no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
Contact: | Investors/Analysts |
Brian Vereb | |
Alliance Data | |
614-528-4516 | |
Media | |
Shelley Whiddon | |
Alliance Data | |
214-494-3811 | |
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SOURCE Alliance Data Systems Corporation
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