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 released its performance update for August 2024. The report shows a slight increase in credit card and other loans, with end-of-period loans at $17,936 million compared to $17,949 million in August 2023. The average loans grew by 1% year-over-year. However, the company faced challenges with rising net principal losses and delinquency rates. Net principal losses increased to $118 million from $99 million in the previous year, resulting in a higher net loss rate of 7.8% compared to 6.7% in August 2023. The 30-day+ delinquency rate also rose to 6.2% from 5.9% year-over-year. These figures suggest potential pressure on Bread Financial's loan portfolio quality and profitability.
Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, has announced its participation in the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024. The company's EVP and CFO, Perry Beberman, will engage in a fireside chat at 9:45 a.m. ET.
The event 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 following the conference. This participation underscores Bread Financial's commitment to engaging with the financial services community and sharing insights on its innovative payment, lending, and saving solutions.
Bread Financial (NYSE: BFH), a tech-forward financial services company, reported its performance update for July 2024.
As of July 31, 2024, the company's credit card and other loans at month-end were $17,659 million, down from $17,963 million the previous year. Average credit card and other loans stood at $17,588 million, showing no year-over-year change.
The net principal losses increased to $120 million from $108 million, resulting in a net loss rate of 8.0%, up from 7.4%. Delinquency rates also rose, with 30+ days delinquencies at $1,004 million (6.2%) compared to $956 million (5.7%) the previous year.
The rise in net principal losses and delinquency rates may concern investors, reflecting potential risks in Bread Financial's credit portfolio.
Bread Financial Holdings, Inc. (NYSE: BFH) has announced a partial repurchase of its 4.25% Convertible Senior Notes due 2028. The company has entered into privately negotiated agreements to repurchase $237.6 million aggregate principal amount of the Notes for an approximate cash price of $350.0 million. The final price is subject to adjustment based on the daily volume-weighted average price of BFH's common stock over an agreed measurement period starting August 9, 2024.
The repurchases are expected to close before the end of the current fiscal quarter. After the transaction, $78.6 million principal amount of Notes will remain outstanding from an initial balance of $316.25 million. The company's previously established capped call transactions related to the Notes issuance will remain in effect.
Bread Financial Holdings (NYSE: BFH) has released its performance update for June 2024. The company, which specializes in payment, lending, and saving solutions, reported key metrics for its credit card and other loan portfolios. As of June 30, 2024, the end-of-period credit card and other loans stood at $17,743 million. The average credit card and other loans showed a 1% year-over-year increase for both the month and three months ended June 30, 2024.
The net loss rate for June 2024 was 8.4%, with net principal losses of $122 million. For the three-month period, the net loss rate was slightly higher at 8.6%. The delinquency rate as of June 30, 2024, increased to 6.0% from 5.5% a year earlier, with 30 days+ delinquencies reaching $979 million.
Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company, has released its second quarter 2024 financial results. The company, which specializes in payment, lending, and saving solutions, has made all earnings-related materials available on its investor relations website. President and CEO Ralph Andretta and CFO Perry Beberman will host a conference call at 8:30 a.m. ET to discuss the results. Investors can access the call link and a replay of the discussion on the company's investor relations website.
Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, has announced a quarterly cash dividend of $0.21 per share on its common stock. The dividend will be payable on September 13, 2024 to stockholders of record at the close of business on August 9, 2024. Bread Financial specializes in providing simple, flexible payment, lending, and saving solutions. This dividend declaration demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability and future prospects.
Bread Financial, a tech-forward financial services company, has announced a $1 million donation to the Women's Sports Foundation (WSF) in celebration of the Foundation's 50th anniversary. The gift will support WSF's strategic growth initiatives, research, and advocacy efforts to advance gender equity in sports.
The donation will fund various activities, including:
- Evidence-based research, such as the 2026 Winter Olympic and Paralympic Games analysis
- Support for National Girls & Women in Sports Day (NGWSD)
- Funding for the Annual Salute to Women in Sports fundraising event
Bread Financial's CEO, Ralph Andretta, emphasized the company's commitment to diversity, equity, and inclusion, stating that supporting girls and women in sports contributes to a more equitable society.
Bread Financial Holdings (NYSE: BFH) will host a conference call on July 25, 2024, at 8:30 a.m. ET to discuss its second-quarter 2024 results. This tech-forward financial services company offers flexible payment, lending, and saving solutions. Interested participants and analysts can register in advance on the company's investor relations website. The call will be accompanied by several slides, and the webcast will be archived for later access.
Bread Financial Holdings (NYSE: BFH) released its performance update for May 2024. The company reported an end-of-period credit card and other loans amounting to $17.847 billion, slightly down from $18.078 billion in May 2023.
The average credit card and other loans for May 2024 were $17.846 billion, a 1% increase from $17.666 billion in May 2023. Bread Financial's net principal losses stood at $133 million, up from $124 million in the same period the previous year, leading to a net loss rate of 8.8% compared to 8.4% in May 2023.
As of May 31, 2024, the company recorded 30-day delinquencies of $976 million, an increase from $932 million in May 2023. This resulted in a delinquency rate of 5.9%, up from 5.5% in the previous year. The period-end loans amounted to $16.446 billion, a decrease from $16.845 billion in May 2023.
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