Welcome to our dedicated page for Bread Financial Holdings news (Ticker: BFH), a resource for investors and traders seeking the latest updates and insights on Bread Financial Holdings stock.
Bread Financial Holdings, Inc. (NYSE: BFH) is a tech-forward financial services company headquartered in Columbus, Ohio, dedicated to providing simplified and personalized payment, lending, and savings solutions. Formed through the combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial has grown to become a leader in private label and co-branded credit cards, loyalty programs, and marketing services.
At its core, Bread Financial partners with retailers to offer customized credit card programs that enhance consumer spending and loyalty. Notable clients include HSN, J. Crew, and The Buckle. The company's data-driven marketing strategies are designed to engage nearly 25 million cardholders daily across various touchpoints like traditional, digital, and mobile platforms.
The company's most significant financial unit is its credit card business, where it collaborates with retailers to market Bread Financial's credit cards to their customers. Additionally, Bread Financial owns a minority interest in its recently spun-off LoyaltyOne division, which operates Canada's largest airline miles loyalty program and provides marketing services to grocery chains in Europe and Asia.
Epsilon, a key segment of Bread Financial, excels in multi-channel, data-driven technologies, and marketing services. Epsilon offers a comprehensive suite of services, including email marketing, database management, advanced analytics, and strategic consulting to over 2,000 global clients.
Driven by a digital-first approach, Bread Financial leverages data insights and white-label technology to deliver growth for its partners. Its comprehensive suite includes private label and co-branded credit cards, Bread Pay™ buy now, pay later products, and direct-to-consumer products such as the Bread Cashback™ American Express® Credit Card and Bread Savings™ products.
The company employs approximately 7,000 global associates and is committed to sustainable business practices. Recent achievements include the introduction of innovative financial products and strategic share repurchase programs to offset the impact of dilution from employee stock units. Bread Financial remains focused on providing exceptional customer experiences and fostering financial flexibility and empowerment through digitally enabled choices.
For more information, visit Bread Financial's official website or follow them on social media platforms like Facebook, LinkedIn, Twitter/X, and Instagram.
Bread Financial Holdings (NYSE: BFH) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for January 30, 2025, at 8:30 a.m. ET. The tech-forward financial services company, which specializes in payment, lending, and saving solutions, will present their financial results through a webcast accompanied by slides.
Participants can register in advance for the conference call, which will be accessible through the company's investor relations website. Analysts interested in participating in the Q&A session are required to register separately. The presentation materials will be available on the website, and attendees are advised to log in 15 minutes before the call to complete registration and software installation. The webcast will be archived on the investor relations website for future reference.
Bread Financial Holdings (NYSE: BFH) released its November 2024 performance update, showing mixed results in key metrics. The company reported end-of-period credit card and other loans at $18.143 billion, down from $18.780 billion in November 2023. The average credit card loans decreased by 1% year-over-year.
The net loss rate slightly increased to 8.0% from 7.9% year-over-year, while the delinquency rate improved to 6.2% from 6.5%. The company noted that hurricanes Helene and Milton impacted Q4 2024 metrics, as they froze delinquency progression for cardholders in FEMA-identified zones, which will result in higher metrics in Q2 2025.
Hard Rock International has launched the Unity™ by Hard Rock Mastercard®, a no-annual-fee credit card program for U.S.-based Unity loyalty program members. The card enables members to earn Unity Points across Hard Rock's global portfolio of hotels, casinos, cafes, and retail stores.
Cardholders can earn points at different rates: 5X points at non-casino properties, 4X points on non-gaming casino spend, 2X points at restaurants and grocery stores, and 1X points on all other purchases. The program offers a welcome bonus of 10,000 Unity Points for spending $1,000 within 90 days outside Hard Rock properties, and 5,000 Tier Credits with $5,000 annual spend.
Hard Rock has partnered with Comenity Capital Bank, a Bread Financial (NYSE: BFH) subsidiary, for this initiative. The card integrates with the Unity loyalty program, which serves over 200 Hard Rock locations worldwide.
Bread Financial Holdings (NYSE: BFH) has announced its participation in the Goldman Sachs Financial Services Conference 2024. The company's President and CEO Ralph Andretta and EVP/CFO Perry Beberman will engage in a fireside chat on Wednesday, Dec. 11 at 1:40 p.m. ET.
The discussion will be broadcast live and can be accessed through Bread Financial's investor relations website. A replay of the webcast will remain available for 90 days after the event. Bread Financial is noted as a tech-forward financial services company offering simple, personalized payment, lending and saving solutions.
Bread Financial (NYSE: BFH) announced a $25 million increase to its 2024 share repurchase program, expanding the total authorization from $30 million to $55 million through December 31, 2024. With approximately $19 million remaining from the prior program, the total available repurchase authorization now stands at $44 million. The expanded program aims to offset dilution from employee restricted stock units and allows for open market purchases subject to SEC Rule 10b-18, market conditions, and regulatory approvals.
Bread Financial Holdings (NYSE: BFH) released its October 2024 performance metrics. The company reported end-of-period credit card and other loans of $17.915 billion, down from $18.386 billion in October 2023. The net loss rate slightly improved to 7.9% from 8.0% year-over-year, while the delinquency rate decreased to 6.4% from 6.5%. The company noted that hurricanes Helene and Milton impacted delinquency progression in FEMA-identified zones, which will result in lower Q4 2024 net losses but higher losses in Q2 2025.
Bread Financial Holdings (NYSE: BFH) has announced its participation in KBW's Fintech & Payments Conference scheduled for Thursday, Nov. 14. The company's EVP and Chief Financial Officer, Perry Beberman, will engage in a fireside chat at 10:15 a.m. ET. The discussion will be broadcast live and accessible through Bread Financial's investor relations website, with replay availability for 90 days after the event.
Bread Financial Holdings (NYSE: BFH) released its September 2024 performance metrics. The company reported end-of-period credit card and other loans of $17.93 billion, with a 3% year-over-year increase in average loans for the month. The net loss rate was 7.4% for September and 7.8% for the quarter. Delinquency rates showed a slight increase to 6.4% compared to 6.3% in September 2023, with delinquent principal reaching $1.06 billion. The company also noted a methodology change in calculating average credit card loans starting January 2024.
Bread Financial Holdings (NYSE: BFH) has announced its third quarter 2024 financial results. The tech-forward financial services company, which provides payment, lending and saving solutions, has made all earnings-related materials available on their investor relations website. Management will host a conference call at 8:30 a.m. ET to discuss the results, with CEO Ralph Andretta and CFO Perry Beberman leading the discussion. A replay of the call will be available on the company's investor relations website afterward.
Bread Financial Holdings (NYSE: BFH) has announced a quarterly cash dividend of $0.21 per share on its common stock. The dividend will be paid on December 13, 2024 to stockholders of record as of the close of business on November 8, 2024. The company, which specializes in payment, lending and saving solutions, made this announcement through its Board of Directors.
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