Bread Financial Reports Second Quarter 2022 Results

Rhea-AI Summary

Bread Financial (NYSE: BFH) reported its second quarter 2022 financial results, emphasizing its tech-forward approach in providing personalized financial services. The company focuses on payment, lending, and saving solutions, leveraging digital technology and data insights. Key financial metrics and earnings materials are accessible on their investor relations website. A conference call hosted by CEO Ralph Andretta and CFO Perry Beberman is scheduled for 8:30 am EDT today to discuss these results further.

Positive

• The company reported strong growth metrics through digital-enabled solutions.
• Plans to capitalize on the spinoff of the LoyaltyOne® segment for strategic benefits.

Negative

• Risks associated with inflation, rising interest rates, and potential recession impacting consumer behavior.

COLUMBUS, Ohio--(BUSINESS WIRE)-- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced its second quarter 2022 financial results. All earnings related materials are now available at the Company’s investor relations website, here.

Bread Financial President and Chief Executive Officer Ralph Andretta and Chief Financial Officer Perry Beberman will host a conference call at 8:30 am. EDT today to discuss results. The conference call will be available at the company’s investor relations website, and a replay will also be available there following the call.

About Bread Financial™

Bread Financial^TM (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive product suite, including private label and co-brand credit cards, installment lending, and buy now, pay later (BNPL). Bread Financial also offers direct-to-consumer solutions that give customers more access, choice and freedom through its branded Bread Cashback^TM American Express^® Credit Card and Bread Savings^TM products.

Bread Financial is an S&P MidCap 400 company headquartered in Columbus, Ohio, and committed to sustainable business practices powered by its 6,000+ global associates. To learn more about Bread Financial, visit BreadFinancial.com or follow us on Facebook, LinkedIn, Twitter and Instagram

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, future financial performance and outlook, initiation or completion of strategic initiatives, including our ability to realize the intended benefits of the spinoff of the LoyaltyOne® segment, future dividend declarations, future economic conditions, including, but not limited to, market conditions, persistent inflation, rising interest rates, the increased probability of a recession and related impacts on consumer behavior, future legislative or regulatory actions that could have impact on our business and results of operations, including any such actions that may be taken with respect to late fees or other charges, developments in the geopolitical environment, including the war in Ukraine, and the ongoing effects of the global COVID-19 pandemic, all of which factors remain difficult to predict.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005241/en/

Bread Financial



Brian Vereb — Investor Relations

Brian.Vereb@breadfinancial.com



Shelley Whiddon — Media

214-494-3811

Shelley.Whiddon@breadfinancial.com



Rachel Stultz — Media

614-729-4890

Rachel.Stultz@breadfinancial.com

Source: Bread Financial

FAQ

What are the financial results for Bread Financial in Q2 2022?

Bread Financial's Q2 2022 results detail strong growth metrics and continued expansion in tech-driven financial solutions.

How can I access the earnings materials for Bread Financial?

Earnings materials for Bread Financial can be accessed on their investor relations website.

What risks did Bread Financial highlight in their Q2 2022 release?

Risks include inflation, rising interest rates, and potential recession effects on consumer behavior.

When is the conference call for Q2 2022 results?

The conference call is scheduled for 8:30 am EDT today.

What is Bread Financial's strategy following the LoyaltyOne® spinoff?

The company plans to leverage the spinoff for strategic benefits and enhance operational efficiency.