COLUMBUS, Ohio, March 17, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated: For themonth endedFebruary 28, 2025 For themonth endedFebruary 29, 2024 (dollars in millions)End-of-period credit card and other loa ...

COLUMBUS, Ohio, March 05, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the pricing of its previously announced offering of $400 million in aggregate principal amount of its 8.375% fixed-rate reset subordinated notes due 2035 (the “Notes”), in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be sold at a price of 100% of the principa ...

COLUMBUS, Ohio, March 05, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) today announced that its Board of Directors (the “Board”) has authorized a new plan to repurchase up to $150 million of shares of its common stock. There is no expiration date for the repurchase plan. “Aligned with our capital priorities, we have prudently focused on strengthening our balance sheet over the past five years, including building capital and reducing debt. The issu ...

COLUMBUS, Ohio, March 05, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of fixed-rate reset subordinated notes (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to lend no less than $250 million of the net pr ...

COLUMBUS, Ohio, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE:BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced the company's participation in the 2025 RBCCM Global Financial Institutions Conference on Tuesday, March 4. Bread Financial Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat will take place at 11:20 a.m. ET and will be broadcast live here. Th ...

Financial Performance - The company reported a significant increase in revenue, achieving $1.5 billion for the fiscal year, representing a 15% year-over-year growth[7]. - The company anticipates a revenue growth of 10% to 12% for the next fiscal year, projecting revenues between $1.65 billion and $1.68 billion[7]. - The company reported a decrease in credit loss allowance by 5%, reflecting improved customer credit performance[7]. User Engagement and Growth - User data showed a 20% increase in active accounts, reaching 5 million users by the end of the fiscal year[7]. - New product launches contributed to a 25% increase in transaction volume, with the introduction of Bread Cashback and Bread Rewards driving user engagement[7]. Market Expansion and Partnerships - The company is expanding its market presence, targeting a 30% increase in partnerships with retailers over the next year[7]. - The company is exploring strategic acquisitions to enhance its service offerings, with a focus on fintech startups[7]. Regulatory Impact - Regulatory changes are expected to impact the business, particularly the new CFPB rule limiting credit card late fees, which could reduce revenue by approximately 8% in the short term[7]. - The Consumer Financial Protection Bureau (CFPB) issued a final rule in 2024 that may significantly limit credit card late fees, potentially impacting the company's business and operations in the short and long term[15]. - The company cannot assure the effective date of the CFPB rule or the outcome of any legal challenges related to it, which adds uncertainty to future operations[15]. - The company has taken mitigating actions in anticipation of the CFPB rule, but the effectiveness of these actions remains uncertain[15]. Investment in Technology and Security - The company has allocated $50 million for research and development of new technologies aimed at enhancing user experience and security[7]. - The company is committed to improving cybersecurity measures, investing an additional $10 million to strengthen its systems against potential threats[7].

COLUMBUS, Ohio, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE:BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company's net loss rate and delinquency rate for the periods indicated:  For themonth endedJanuary 31, 2025 For themonth endedJanuary 31, 2024 (dollars in millions)End-of-period credit card and other loans$1 ...

NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) -- With the addition of Bread Pay® pay-over-time options to its network of lenders, ChargeAfter enables merchants to provide qualified customers with instant access to its installment programs. ChargeAfter, the embedded lending platform for point-of-sale financing, announced today it has added Bread Pay pay-over-time financing to its network of lenders. Bread Pay is offered through Bread Financial® (NYSE:BFH), a tech-forward financial services company that provides ...

COLUMBUS, Ohio, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S consumers, today announced the company’s participation in the BofA Securities 2025 Financial Services Conference on Tuesday, Feb. 11. Bread Financial Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat will take place at 3:30 p.m. ET and wil ...

Bread Financial Holdings’ (BFH) operating income of 41 cents per share for the fourth quarter of 2024 beat the Zacks Consensus Estimate of 33 cents. Shares gained 0.1% in the last trading session to reflect the overperformance. See the Zacks Earnings Calendar to stay ahead of market-making news.The bottom line plunged 54% year over year. The quarterly results reflected a dip in revenues but higher credit sales.Behind the Headlines of BFHRevenues decreased 9.2% year over year to $926 million, primarily due t ...