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 has partnered with the Cleveland Cavaliers and The Nature Conservancy to plant over 58,000 trees globally. This collaboration aims to contribute to major forest restoration efforts, addressing climate change and biodiversity loss. On March 17, the company announced a donation of $116,592 to TNC's Plant a Billion Trees campaign during a Cavaliers game, equivalent to $2 for each attendee at three recent 'City Edition' game nights. This initiative aligns with Bread Financial's commitment to sustainability and environmental responsibility.
Calvin Hilton, Chief Diversity Officer at Bread Financial, champions the company's Operation Feed campaign aimed at addressing hunger in North Texas. This initiative, pivotal to the company's diversity, equity, and inclusion strategy, engages employees in fundraising and volunteering efforts. Since 2017, Hilton has worked with the North Texas Food Bank, where he actively participates in packing meals for children in need. Statistics reveal that one in six people in North Texas experiences hunger daily. Operation Feed represents a significant commitment to combat food insecurity and promote equity, ensuring that basic needs are met for vulnerable populations.
Bread Financial celebrates Women's History Month, highlighting the contributions and strength of female associates within the company. With 60% of associates identifying as female, Bread Financial promotes a culture of support and empowerment through various initiatives including mentorship panels and workshops. The company recognizes the unique needs of women, providing benefits such as back-up childcare and financial assistance for fertility treatments. Additionally, Bread Financial has been featured in the Bloomberg Gender-Equality index for five consecutive years, reflecting its commitment to gender equality and diversity. The celebration emphasizes the importance of an inclusive workplace culture.
Bread Financial Holdings (NYSE: BFH) released a performance update detailing its net loss and delinquency rates for February 2023. The company reported end-of-period credit card and other loans reaching $18,113 million, up from $16,799 million year-over-year. The net loss rate increased to 7.8% compared to 4.8% in February 2022, while the delinquency rate rose to 6.0%, up from 4.4% the previous year. The update indicates that these metrics were influenced by the sale of BJ’s Wholesale Club credit card portfolio and transitions in credit card processing services. Without these adjustments, net loss rates would have declined sequentially, reflecting seasonal trends.
Bread Financial Holdings, Inc. (NYSE: BFH), a tech-driven financial services provider, will participate in the Wolfe Fintech Forum on March 15. EVP and CFO Perry Beberman is set to engage in a live fireside chat at 1:10 p.m. EDT, which will be accessible here and via the company's investor relations website. A replay will be available for 90 days post-event. Bread Financial specializes in payment, lending, and saving solutions, aiming to empower customers with digital tools.
Bread Financial (NYSE: BFH), a technology-driven financial services company, announced its participation in the RBC Capital Markets 2023 Global Financials Conference on March 8. The event will feature a fireside chat with President and CEO Ralph Andretta and CFO Perry Beberman, starting at 2:00 p.m. EST. The discussion will be broadcast live, accessible through their investor relations website and a replay will be available for 90 days post-event. Bread Financial offers innovative payment, lending, and saving solutions, enhancing customer experiences and financial flexibility.
Bread Financial Holdings, Inc. (NYSE: BFH) announced its participation in the 2023 KBW Fintech Payments Conference on February 28. EVP and CFO Perry Beberman will engage in a fireside chat at 1:25 p.m. EST, which will be broadcast live. Investors can access the chat on the company's investor relations website, with a replay available for 90 days post-event. Bread Financial focuses on digital payment, lending, and saving solutions, enabling financial flexibility and exceptional customer experiences. The organization is headquartered in Columbus, Ohio, and is committed to sustainable practices.
Bread Financial Holdings, Inc. (NYSE: BFH) released a performance update for January 2023. The company reported a net loss rate of 6.7%, up from 4.6% in January 2022, indicating a significant increase in losses. Additionally, the delinquency rate peaked at 5.8%, compared to 4.2% the previous year. The total end-of-period credit card and other loans reached $20.837 billion, reflecting a 23% year-over-year change in average loans. Net principal losses were reported at $115 million, an increase from $64 million. These metrics were notably impacted by the transition of credit card processing services.
Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, will participate in two upcoming conferences: the Credit Suisse Financial Services Forum on February 14 and the Bank of America Securities 2023 Financial Services Conference on February 15. CEO Ralph Andretta and CFO Perry Beberman will engage in fireside chats at both events. The Credit Suisse chat is scheduled for 1:30 p.m. EST, while the Bank of America chat will be at 12:50 p.m. EST. Both sessions will be broadcast live, with replays available for 90 days. Bread Financial offers personalized payment, lending, and saving solutions, enhancing customer experiences through digital platforms.
Bread Financial Holdings (NYSE: BFH) has provided a performance update highlighting significant metrics for the month and three months ending December 31, 2022. The company reported an end-of-period credit card and other loans totaling $21,364 million, reflecting a 23% year-over-year increase. However, net principal losses rose to $312 million for the quarter, leading to a net loss rate of 6.7%, up from 6.3% the previous year. The delinquency rate also increased to 5.5% from 3.9%. The results were influenced by the transition of credit card processing services and the recent acquisition of the AAA credit card portfolio.
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