Core Insights - Bread Financial Holdings (BFH) reported an operating income of $1.84 per share for Q3 2024, missing the Zacks Consensus Estimate of $1.88, with a significant year-over-year decline of 88% [1] - The company's revenues decreased by 4.7% year-over-year to $983 million, primarily due to lower late fees and reduced merchant discount fees, although it slightly beat the consensus estimate by 0.8% [2] - Credit sales fell to $6.5 billion, down 3% year-over-year, reflecting moderated consumer spending and strategic credit tightening [2] - Average loans increased by 1% to $17.8 billion, supported by new partner growth and stabilizing consumer spending [2] - Total non-interest expenses rose by 14% to $574 million, driven by increased employee compensation and other expenses [2] Financial Performance - The delinquency rate increased to 6.4%, worsening by 10 basis points year-over-year, while the net loss rate rose to 7.8%, deteriorating by 90 basis points [3] - Pre-tax pre-provision earnings decreased by 22.7% year-over-year to $409 million [3] - As of September 30, 2024, cash and cash equivalents were $3.5 billion, up 33.3% from the previous year, while long-term debt declined by 25.3% to $1 billion [4] - Tangible book value increased by 12% year-over-year to $47.48 per share, but return on average equity contracted to 0.4%, down 2440 basis points year-over-year [4] Capital Deployment - The board approved a quarterly dividend of 21 cents, payable on December 13 to stockholders of record as of November 8, and the company repurchased shares worth $11 million [5] 2024 Guidance - Management anticipates average receivables to decline in the low single-digit range from 2023 levels, with expectations for average credit card and other loans to also decrease in low single digits [6] - Total revenues are projected to decline in low-to-mid single digits, with total non-interest expenses expected to follow a similar trend [7] - The net loss rate is guided to be in the low 8% range [7] Zacks Rank - Bread Financial currently holds a Zacks Rank 3 (Hold) [8]

Bread Financial Holdings, Inc. (NYSE:BFH) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Brian Vereb - Head, Investor Relations Ralph Andretta - President & Chief Executive Officer Perry Beberman - Executive Vice President & Chief Financial Officer Conference Call Participants Mihir Bhatia - Bank of America Sanjay Sakhrani - KBW Vincent Caintic - BTIG Jeff Adelson - Morgan Stanley Bill Carcache - Wolfe Research Securities David Rochester - Compass Point Research & Trading ...

For the quarter ended September 2024, Bread Financial Holdings (BFH) reported revenue of $983 million, down 4.7% over the same period last year. EPS came in at $1.84, compared to $3.46 in the year-ago quarter.The reported revenue represents a surprise of +0.77% over the Zacks Consensus Estimate of $975.46 million. With the consensus EPS estimate being $1.88, the EPS surprise was -2.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

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Bread Financial Holdings (BFH) came out with quarterly earnings of $1.84 per share, missing the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $3.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.13%. A quarter ago, it was expected that this manager of loyalty and rewards programs for retailers and others would post earnings of $1.60 per share when it actually produced earnings of $2.66, deliveri ...

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COLUMBUS, Ohio, Oct. 24, 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 themonth endedSeptember 30, 2024 For the three months endedSeptember 30, 2024 (dollars in millions)End-of-period credit card and other loans$17,933  $17,933 Ave ...

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 its third quarter 2024 financial results. All earnings-related materials are now available at the company’s investor relations website, here. Bread Financial President and Chief Executive Officer Ralph Andretta and Chief Financial Officer Perry Beberman will host a conference call at 8:30 ...

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 ...