Bread Financial Announces Approval of $150 Million Share Repurchase Program
Bread Financial (NYSE: BFH) has announced a new $150 million share repurchase program authorized by its Board of Directors. The program comes with no expiration date and is part of the company's strategic capital management initiatives.
According to CEO Ralph Andretta, this move follows five years of focused efforts on strengthening the company's balance sheet through capital building and debt reduction. The combination of Tier 2 capital issuance and the share repurchase authorization aims to enhance total capital ratios while maintaining flexibility for future growth and capital position optimization.
The repurchase program's execution will be subject to market conditions, legal and regulatory requirements, and does not obligate the company to acquire any specific number of shares. The program can be suspended or terminated at any time.
Bread Financial (NYSE: BFH) ha annunciato un nuovo programma di riacquisto di azioni da 150 milioni di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma non ha una data di scadenza ed è parte delle iniziative strategiche di gestione del capitale dell'azienda.
Secondo il CEO Ralph Andretta, questa mossa segue cinque anni di sforzi mirati a rafforzare il bilancio dell'azienda attraverso l'accumulo di capitale e la riduzione del debito. La combinazione di emissione di capitale di Tier 2 e l'autorizzazione al riacquisto di azioni mira a migliorare i rapporti di capitale totale mantenendo flessibilità per la crescita futura e l'ottimizzazione della posizione di capitale.
L'esecuzione del programma di riacquisto sarà soggetta alle condizioni di mercato, ai requisiti legali e normativi, e non obbliga l'azienda ad acquisire un numero specifico di azioni. Il programma può essere sospeso o terminato in qualsiasi momento.
Bread Financial (NYSE: BFH) ha anunciado un nuevo programa de recompra de acciones de 150 millones de dólares autorizado por su Junta Directiva. El programa no tiene fecha de caducidad y forma parte de las iniciativas estratégicas de gestión de capital de la empresa.
Según el CEO Ralph Andretta, este movimiento sigue a cinco años de esfuerzos enfocados en fortalecer el balance de la empresa a través de la acumulación de capital y la reducción de deuda. La combinación de emisión de capital de Nivel 2 y la autorización de recompra de acciones tiene como objetivo mejorar los ratios de capital total mientras se mantiene la flexibilidad para el crecimiento futuro y la optimización de la posición de capital.
La ejecución del programa de recompra estará sujeta a las condiciones del mercado, a los requisitos legales y regulatorios, y no obliga a la empresa a adquirir un número específico de acciones. El programa puede ser suspendido o terminado en cualquier momento.
브레드 파이낸셜 (NYSE: BFH)는 이사회의 승인을 받은 1억 5천만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 만료 날짜가 없으며 회사의 전략적 자본 관리 이니셔티브의 일환입니다.
CEO 랄프 안드레타에 따르면, 이 조치는 자본 축적 및 부채 감소를 통해 회사의 재무 상태를 강화하기 위한 5년의 집중적인 노력에 따른 것입니다. 2단계 자본 발행과 자사주 매입 승인의 조합은 향후 성장과 자본 최적화를 위한 유연성을 유지하면서 총 자본 비율을 향상시키는 것을 목표로 합니다.
자사주 매입 프로그램의 실행은 시장 조건, 법적 및 규제 요건에 따라 달라지며, 회사가 특정 수의 주식을 매입할 의무는 없습니다. 프로그램은 언제든지 중단되거나 종료될 수 있습니다.
Bread Financial (NYSE: BFH) a annoncé un nouveau programme de rachat d'actions de 150 millions de dollars autorisé par son Conseil d'administration. Le programme n'a pas de date d'expiration et fait partie des initiatives stratégiques de gestion du capital de l'entreprise.
Selon le PDG Ralph Andretta, cette décision fait suite à cinq années d'efforts ciblés pour renforcer le bilan de l'entreprise grâce à l'accumulation de capital et à la réduction de la dette. La combinaison de l'émission de capital de niveau 2 et de l'autorisation de rachat d'actions vise à améliorer les ratios de capital total tout en maintenant la flexibilité pour la croissance future et l'optimisation de la position de capital.
L'exécution du programme de rachat sera soumise aux conditions du marché, aux exigences légales et réglementaires, et n'oblige pas l'entreprise à acquérir un nombre spécifique d'actions. Le programme peut être suspendu ou annulé à tout moment.
Bread Financial (NYSE: BFH) hat ein neues Aktienrückkaufprogramm über 150 Millionen US-Dollar bekannt gegeben, das von seinem Vorstand genehmigt wurde. Das Programm hat kein Ablaufdatum und ist Teil der strategischen Kapitalmanagementinitiativen des Unternehmens.
Laut CEO Ralph Andretta folgt dieser Schritt auf fünf Jahre konzentrierter Bemühungen zur Stärkung der Bilanz des Unternehmens durch Kapitalaufbau und Schuldenabbau. Die Kombination aus Tier-2-Kapitalemission und der Genehmigung zum Aktienrückkauf zielt darauf ab, die Gesamtkapitalquoten zu verbessern und gleichzeitig Flexibilität für zukünftiges Wachstum und die Optimierung der Kapitalposition zu gewährleisten.
Die Durchführung des Rückkaufprogramms unterliegt den Marktbedingungen, rechtlichen und regulatorischen Anforderungen und verpflichtet das Unternehmen nicht zum Erwerb einer bestimmten Anzahl von Aktien. Das Programm kann jederzeit ausgesetzt oder beendet werden.
- $150M share repurchase program authorized
- No expiration date on buyback program
- Strengthened balance sheet over past 5 years
- Reduced debt levels
- Enhanced capital position through Tier 2 issuance
- No commitment to specific number of shares to be repurchased
- Program execution dependent on market conditions and regulatory approvals
COLUMBUS, Ohio, March 05, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) today announced that its Board of Directors (the “Board”) has authorized a new plan to repurchase up to
“Aligned with our capital priorities, we have prudently focused on strengthening our balance sheet over the past five years, including building capital and reducing debt. The issuance of Tier 2 capital and this share repurchase authorization will further strengthen our total capital ratios, while providing capital flexibility for future growth and further optimization of our capital position over time,” said Ralph Andretta, president and chief executive officer of Bread Financial.
Any decision to repurchase shares will be subject to market conditions and other factors, including legal and regulatory restrictions and required approvals, up to the aggregate amount authorized by the Board. The repurchase plan does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.
About Bread Financial®
Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. The Company’s payment solutions, including Bread Financial general purpose credit cards and savings products, empower its customers and their passions for a better life. Additionally, the Company delivers growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through their private label and co-brand credit cards and pay-over-time products providing choice and value to their shared customers.
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, including, among other things, statements regarding the Company’s intended share repurchases and the expected impact on share count dilution. The Company believes that its expectations are based on reasonable assumptions. Forward-looking statements, however, are based only on currently available information and the Company’s current beliefs, expectations and assumptions, and are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond the Company’s control, including risk and uncertainties described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, the Company’s Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. The Company’s forward-looking statements speak only as of the date made, and it undertakes 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.
Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com
Susan Haugen — Investor Relations
Susan.Haugen@breadfinancial.com
Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com
FAQ
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