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, 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.
Bread Financial Holdings (NYSE: BFH) announced its fourth quarter and full year 2022 financial results, highlighting its tech-forward approach to financial services. The company offers payment, lending, and saving solutions to enhance customer experience and financial flexibility. Key executives Ralph Andretta and Perry Beberman will discuss the results in a conference call at 8:30 a.m. EST. Earnings materials are available on their investor relations website. With over 6,000 associates, Bread Financial is committed to sustainable practices and innovative digital solutions, including private label and co-brand credit cards.
Bread Financial (NYSE: BFH) has entered a multi-year co-brand credit card agreement with the New York Yankees, set to launch before the 2023 MLB season. The New York Yankees Mastercard will offer cardholders 5% back on purchases at Yankee Stadium, 3% on dining and transit, and 1% on all other purchases. The Pinstripe Rewards program will allow users to redeem points for game tickets and exclusive experiences. Utilizing digital features like in-stadium QR codes, fans can apply and add the card to their digital wallets seamlessly. This partnership aims to enhance fan engagement and loyalty.
Bread Financial Holdings (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share, set to be paid on March 17, 2023. The payment is to be made to stockholders on record as of February 10, 2023. This move reflects the company's ongoing commitment to returning value to shareholders while providing personalized payment, lending, and saving solutions. Headquartered in Columbus, Ohio, Bread Financial focuses on digital-first financial services and aims to create opportunities for its partners and customers through innovative and flexible financial products.
Bread Financial CEO Ralph Andretta has joined the Women's Sports Foundation Board of Trustees, alongside ESPN's Rosetta Ellis-Pilie, Olympic Gold Medalist Brenda Villa, and Nike's Vanessa Wallace. This diverse group aims to enhance gender equity in sports. Under Andretta's leadership since February 2020, Bread Financial has undergone significant transformations focused on corporate responsibility and diversity initiatives. The Women's Sports Foundation champions girls’ and women’s participation in sports, having invested over $100 million since its inception. The appointment of these Trustees follows the 50th anniversary of Title IX, emphasizing the need for equity in sports.
Bread Financial Holdings, Inc. (NYSE: BFH) will host a conference call on January 26, 2023, at 8:30 a.m. ET to discuss its full-year and fourth-quarter 2022 results. Analysts can register for the Q&A in advance, and the call will be accessible at www.BreadFinancial.com. A replay of the call will be available until February 9, 2023. The company, based in Columbus, Ohio, offers tech-forward payment, lending, and saving solutions to enhance customer experiences.
Bread Financial Holdings (NYSE: BFH) released a performance update revealing key financial metrics for November 2022. The end-of-period loans reached $20.487 billion, a 24% increase year-over-year. Average loans also rose to $19.819 billion, up 24% from the previous year. However, the net loss rate increased to 6.1% from 4.6%, and net principal losses were $100 million, compared to $61 million in November 2021. Delinquency rates also worsened to 5.4% from 3.9%.
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