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. reports developments across its U.S. consumer finance business, including private label and co-brand credit cards, pay-over-time products, general purpose credit cards and savings products. Company updates commonly cover partner card programs across retail and consumer categories, quarterly results, credit performance metrics such as net principal loss and delinquency rates, and earnings conference materials.
News also includes capital and shareholder actions, including dividends on common and preferred stock, share repurchase authorizations, and preferred stock or depositary share financing activity. Bread Financial’s recurring disclosures emphasize loan balances, credit quality, consumer payment activity, bank subsidiary funding considerations, and board-authorized capital returns.
Bread Financial Holdings (NYSE: BFH) has announced the pricing of $400 million in 8.375% fixed-rate reset subordinated notes due 2035. The notes will be sold at 100% of the principal amount in a private offering exempt from Securities Act registration requirements.
The offering, expected to close on March 10, 2025, will generate approximately $395 million in net proceeds after deducting initial purchasers' discount. The company plans to lend at least $250 million of the proceeds as subordinated debt to its subsidiary Comenity Capital Bank, with remaining funds allocated for general corporate purposes, including potential share repurchases.
The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
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 Holdings (NYSE: BFH) has announced plans to offer $400 million in fixed-rate reset subordinated notes through a private offering exempt from Securities Act registration requirements. The company intends to allocate no less than $250 million of the net proceeds as subordinated debt to its subsidiary, Comenity Capital Bank.
The remaining funds will be directed toward general corporate purposes, potentially including share repurchases. The notes will be exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The completion of this offering remains subject to market conditions, with no guarantee of successful execution.
Bread Financial Holdings (NYSE: BFH) has announced its participation in the 2025 RBCCM Global Financial Institutions Conference on Tuesday, March 4. The company's Chief Financial Officer, Perry Beberman, will be featured in a fireside chat scheduled for 11:20 a.m. ET.
The fireside chat 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 after the event.
Bread Financial describes itself as a tech-forward financial services company providing simple, personalized payment, lending, and saving solutions.
Bread Financial Holdings (NYSE: BFH) has released its January 2025 performance metrics, showing improvements in key credit indicators despite lower loan volumes. The company's end-of-period credit card and other loans decreased to $18.366 billion from $18.785 billion year-over-year, representing a 2% decline in average loans.
The net loss rate improved to 7.8% from 8.0% year-over-year, with net principal losses decreasing to $123 million from $128 million. The delinquency rate also showed improvement, dropping to 6.1% from 6.8%, with 30+ days delinquencies decreasing to $1.032 billion from $1.170 billion year-over-year.
Bread Financial Holdings (NYSE: BFH) has announced its participation in the BofA Securities 2025 Financial Services Conference scheduled for Tuesday, February 11, 2025. The company's Chief Financial Officer, Perry Beberman, will engage in a fireside chat at 3:30 p.m. ET.
The discussion will be broadcast live and accessible through both the conference platform and Bread Financial's investor relations website. Interested parties who cannot attend the live session can access a replay of the webcast, which will remain available for 90 days after the event.
Bread Financial, positioned as a tech-forward financial services company, specializes in providing simple, personalized payment, lending, and saving solutions to millions of U.S. consumers.
Bread Financial Holdings (NYSE: BFH) released its December 2024 performance update, showing mixed credit metrics. The company reported end-of-period credit card and other loans of $18,896 million, with average credit card loans showing a 1% year-over-year decline. The net loss rate was 8.1% for December and 8.0% for Q4 2024.
Delinquency metrics showed improvement, with the 30+ days delinquency rate decreasing to 5.9% from 6.5% year-over-year. The company noted that hurricanes Helene and Milton impacted their metrics, as they froze delinquency progression for cardholders in FEMA-identified impact zones for one billing cycle. This action will result in lower net principal losses in Q4 2024 but will negatively affect these metrics in Q2 2025.
Bread Financial Holdings (NYSE: BFH) has released its financial results for the fourth quarter and full year 2024. The company, which specializes in tech-forward financial services including payment, lending, and saving solutions, will discuss the results during a conference call hosted by CEO Ralph Andretta and CFO Perry Beberman at 8:30 a.m. ET. The earnings materials are available on the company's investor relations website, where a replay of the conference call will also be accessible.
Bread Financial Holdings (NYSE: BFH) has announced a quarterly cash dividend payment. The company's Board of Directors has declared a dividend of $0.21 per share on its common stock. The dividend will be paid on March 21, 2025, to shareholders who are recorded as stockholders at the close of business on February 14, 2025. Bread Financial is positioned as a tech-forward financial services company offering payment, lending, and saving solutions.
Bread Financial Holdings (NYSE: BFH) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for January 30, 2025, at 8:30 a.m. ET. The tech-forward financial services company, which specializes in payment, lending, and saving solutions, will present their financial results through a webcast accompanied by slides.
Participants can register in advance for the conference call, which will be accessible through the company's investor relations website. Analysts interested in participating in the Q&A session are required to register separately. The presentation materials will be available on the website, and attendees are advised to log in 15 minutes before the call to complete registration and software installation. The webcast will be archived on the investor relations website for future reference.