COLUMBUS, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc.® (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per share on the Company’s common stock, payable on December 13, 2024 to stockholders of record at the close of business on November 8, 2024. About Bread Financial® Bread Financial® (NYSE: BFH) is a tech-forward finan ...

COLUMBUS, Ohio, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, will host a conference call on Thursday, Oct. 24, 2024, at 8:30 a.m. ET to discuss the company's third quarter 2024 results. Conference Call/Webcast Information Participants can register in advance here, and the conference call will be available at the company's investor relations website. Analysts plann ...

Core Viewpoint - Bread Financial Holdings, Inc. (BFH) is trading at a significant discount compared to its industry peers, indicating potential investment opportunities due to its attractive valuation metrics [1]. Valuation Metrics - BFH's forward price-to-earnings ratio is 6.94X, which is lower than the industry average of 22.8X, the Finance sector's 24.69X, and the Zacks S&P 500 composite's 21.71X [1]. - The company has a market capitalization of $2.40 billion and an average trading volume of 1 million shares over the last three months [1]. Performance Comparison - BFH shares have increased by 46.8% year-to-date, outperforming the industry's growth of 9.4%, while the Finance sector and the Zacks S&P 500 index have returned 15.9% and 20.7%, respectively [2]. - The stock closed at $48.34, trading above its 200-day simple moving average of $41.75, indicating strong upward momentum [3]. Growth Potential - BFH has a VGM Score of A, indicating attractive value, growth, and momentum characteristics [4]. - The company has beaten earnings estimates in three of the last four quarters, with an average surprise of 84.37%, and is expected to achieve long-term earnings growth of 39.2%, surpassing the industry average of 18.2% [4]. Credit Sales and Consumer Behavior - Credit sales performance is anticipated to improve due to solid consumer spending, with expectations of increased average loans and strong credit sales driven by new partnerships and holiday spending [5]. - Credit metrics are expected to remain strong, with delinquency and net loss rates projected to stay below historical averages due to disciplined risk management and positive consumer payment behavior [5]. Strategic Investments - The company is investing in strategic growth areas, enhancing marketing spending in growth verticals, and prioritizing digital innovation and technology improvements [6]. - BFH has established strategic relationships with partners like RBC, Fiserv, and Sezzle to leverage its versatile mono platform [6]. Financial Health - The company has been strengthening its balance sheet and reducing debt, with leverage improving to less than 115% from 400% three years ago [7]. - BFH plans to pay off the remaining $100 million in its 2026 bonds this year to further enhance its leverage position [7]. Shareholder Value - The company is focused on returning value to shareholders through share repurchases and plans to increase its focus on buybacks and mergers and acquisitions [8]. Conclusion - Robust credit sales, higher retained earnings, active risk management, solid consumer spending, and effective capital deployment are expected to favor BFH in the long term [10]. - The company is positioned to benefit from favorable valuation and growth prospects, making it a stock worth holding [10].

COLUMBUS, Ohio, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company's net loss rate and delinquency rate for the periods indicated. For the month ended August 31, 2023 (dollars in millions) End-of-period credit card and other loans $ 17,936 $ 17,949 Average credit card and other loans (1) $ 17,76 ...

Core Insights - Bread Financial Holdings, Inc. (BFH) shares have increased by 72.2% year-to-date, significantly outperforming the industry growth of 8.9% and the S&P 500 index return of 15.7% [1] - The company's strong performance is attributed to higher retained earnings, effective risk management, robust consumer spending, and strategic capital deployment [2] Financial Performance - BFH has a market capitalization of $2.82 billion, with an average trading volume of 0.8 million shares over the last three months [1] - The company has achieved earnings that beat estimates in three of the last four quarters, with an average surprise of 84.37% [3] - The long-term earnings growth forecast for BFH is 39.2%, which is significantly higher than the industry average of 17.7% [4] Analyst Sentiment - Recent analyst activity shows that two out of six analysts have raised earnings estimates for 2024, and two out of seven have done so for 2025, resulting in a 7.5% and 3.9% increase in the Zacks Consensus Estimate for those years, respectively [4] Market Outlook - The company anticipates improved credit sales performance driven by solid consumer spending, with expectations for increased average loans and strong credit sales during the holiday season [5] - Credit metrics are expected to remain strong, with delinquency and net loss rates projected to stay below historical averages due to disciplined risk management and favorable consumer payment behavior [6] Strategic Initiatives - BFH is focusing on strategic growth areas, increasing marketing spending in growth verticals, and enhancing digital and technology capabilities [7] - The company has been strengthening its balance sheet by reducing debt, with leverage improving to less than 115% from 400% over the past three years [8] - BFH plans to pay off $100 million in remaining 2026 bonds this year to further enhance its leverage position [8] Shareholder Value - The company is committed to returning value to shareholders through share repurchases and is also focusing on mergers and acquisitions [9]

COLUMBUS, Ohio, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company's net loss rate and delinquency rate for the periods indicated. ________________________________________________________________________________________ | --- | --- | --- | --- | --- | --- | |-------------------------------------- ...

COLUMBUS, Ohio, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) ("Bread Financial" or the "Company") announced today that it has entered into separate, privately negotiated repurchase agreements with a limited number of holders of its 4.25% Convertible Senior Notes due 2028 (the "Notes") to repurchase (the "Repurchases") $237.6 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $350.0 million. The final aggregate cash repurcha ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-15749 _______________________________________ BREAD FINANCIAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 31-1 ...

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