Bread Financial Holdings (BFH) reported $926 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 9%. EPS of $0.41 for the same period compares to $0.90 a year ago.The reported revenue represents a surprise of -3.33% over the Zacks Consensus Estimate of $957.94 million. With the consensus EPS estimate being $0.33, the EPS surprise was +24.24%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Fourth quarter and full year 2024 results January 30, 2025 © 2 0 2 2 B r e a d F i n a n c i a l | C o n f i d e n t i a l & P r o p r i e t a r y 1 2024 achievements Delivered responsible growth Adapted to macroeconomic and regulatory environments Strengthened our balance sheet Drove operational excellence and technology advancement Achieved full year 2024 financial targets | | Full year | Full year | | --- | --- | --- | | | 2024 outlook | 2024 actuals | | Average loans | Down low single digits | -1% | | R ...

Bread Financial Holdings (BFH) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.24%. A quarter ago, it was expected that this manager of loyalty and rewards programs for retailers and others would post earnings of $1.88 per share when it actually produced earnings of $1.84, deliveri ...

COLUMBUS, Ohio, Jan. 30, 2025 (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 December 31, 2024 For the three months endedDecember 31, 2024 (dollars in millions)End-of-period credit card and other loans$18,896 $18,896 A ...

Financial Performance - Full year 2024 revenue was $3.8 billion, a decrease of $451 million or 11% compared to the previous year[13] - Adjusted net income for 2024 was $279 million, down from $737 million in 2023, representing a decline of 62%[22] - Total non-interest expenses for 2024 were $2.06 billion, a decrease of 2% compared to $2.09 billion in 2023[22] - The company repurchased $44 million in principal amount of convertible notes, impacting adjusted income from continuing operations[10] - The efficiency ratio rose to 57.8% in 4Q24 from 50.8% in 4Q23, reflecting increased operational costs[38] - Return on average equity decreased to 0.9% in 4Q24 from 6.2% in 4Q23, highlighting challenges in profitability[38] - Adjusted net income for 4Q23 was $45 million, a decrease from $173 million in 3Q23[41] - In Q4 2023, the company reported a loss before income taxes of $19 million, a significant improvement from a loss of $207 million in Q4 2022[61] Credit Metrics - Average loans for 2024 were $18.1 billion, a decrease of 1% year-over-year, driven by moderated consumer spending[16] - Credit sales for 2024 totaled $27.0 billion, reflecting a decrease of 7% due to moderated consumer spending and a shift in product mix[16] - The net loss rate increased to 8.2% in 2024 from 7.5% in 2023, while the delinquency rate decreased to 5.9% from 6.5%[16] - The net loss rate for 2024 is projected to be between 8.0% and 8.2%, remaining elevated due to ongoing inflation and ability to pay concerns[28] - The delinquency rate improved to 5.9% in 4Q24 from 6.5% in 4Q23, indicating a positive trend in credit performance[38] - Credit sales decreased by 23% year-over-year in 4Q23, totaling $7,802 million[39] - The net loss rate increased to 8.0% in 4Q23, compared to 6.3% in 4Q22[41] - Provision for credit losses in Q4 2023 was $482 million, compared to $692 million in Q4 2022, indicating a reduction in expected credit losses[61] Capital and Equity - The CET1 capital ratio improved by 20 basis points year-over-year to 12.4%[5] - Direct-to-consumer deposits increased by 19% year-over-year to $7.7 billion[10] - The common equity tier 1 capital ratio improved to 12.4% in 4Q24 from 12.2% in 4Q23, indicating a stronger capital position[38] - The common equity tier 1 capital ratio was 12.2% in 4Q23, down from 12.9% in 3Q23[45] - Total risk-based capital ratio stood at 13.6% in 4Q23, compared to 14.2% in 3Q23[45] - Average tangible common equity increased to $2,100 million in Q4 2023, up from $2,020 million in Q3 2023[61] - Total stockholders' equity reached $2,918 million in Q4 2023, compared to $2,864 million in Q3 2023[61] - Tangible common equity (TCE) for Q4 2023 was $2,156 million, an increase from $2,093 million in Q3 2023[61] Operational Efficiency - Total non-interest expenses increased by 4% compared to 4Q23, driven by higher employee compensation and technology-related transformation costs[34] - The efficiency ratio improved to 50.8% in 4Q23 from 53.1% in 4Q22[39] - The efficiency ratio, representing total non-interest expenses divided by total net interest and non-interest income, is a key measure of operational efficiency[52] Strategic Focus - The company is focusing on responsible growth and disciplined capital allocation to manage macroeconomic and regulatory challenges[29] - The company plans to continue focusing on improving its credit loss provisions and enhancing its equity base in the upcoming quarters[61] - The company expects to deliver positive operating leverage for the full year 2025, excluding the $107 million pre-tax impact from repurchased convertible notes[28] Market Outlook - The ratings outlook was upgraded from stable to positive by Moody's and Fitch, reflecting improved financial metrics[5] - Forward-looking statements indicate potential risks including macroeconomic conditions and regulatory changes that could impact future performance[55] - End-of-period credit card and other loans decreased by 2% to $18,896 million in 4Q24 compared to $19,333 million in 4Q23[38] - Total assets as of Q4 2023 were $23,141 million, up from $21,608 million in Q3 2023[61] - Tangible assets (TA) in Q4 2023 amounted to $22,379 million, compared to $20,837 million in Q3 2023[61]

COLUMBUS, Ohio, Jan. 30, 2025 (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 fourth quarter and full year 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 conferenc ...

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Bread Financial Holdings (BFH) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 30, 2025, might help the stock move higher if these key numbers are ...

Stock Performance and Trends - BFH is trading above its 50-day simple moving average (SMA), indicating a short-term bullish trend [1] - The share price was $63.75 as of Jan 21, 2025, down 4.4% from its 52-week high of $66.71 [1] - Shares of BFH surged 107.3% in the past year, outperforming its industry (22.7%), the Finance sector (25%), and the S&P 500 (24.3%) [4][5] Valuation and Analyst Sentiment - BFH shares are trading at a forward P/E of 9.64X, lower than the industry average of 16.16X, with a Value Score of A [7] - Three out of seven analysts raised estimates for 2025, leading to a 0.7% increase in the Zacks Consensus Estimate over the past 30 days [8] Financial Metrics and Capital Efficiency - BFH's return on invested capital (ROIC) was 10% in the trailing 12 months, significantly higher than the industry average of 4.9% [9] - The company has been strengthening its balance sheet, lowering debt, and improving free cash flow conversion [13] Growth Drivers and Strategic Initiatives - Credit sales are expected to improve due to solid consumer spending, new partner additions, and holiday spending [10] - Credit metrics remain strong, with delinquency and net loss rates below historical averages [11] - BFH is investing in strategic growth areas, digital innovation, and technology enhancements, with partnerships including RBC, Fiserv, and Sezzle [12] Shareholder Value and Future Outlook - BFH focuses on returning value to shareholders through share repurchases and mergers and acquisitions [14] - The Zacks Consensus Estimate for 2025 revenues indicates a 3% year-over-year increase from 2024 [14] - The company has a solid track record of beating earnings estimates in two of the last four quarters, with an average beat of 70.23% [14]

COLUMBUS, Ohio, Jan. 07, 2025 (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, Jan. 30, 2025, at 8:30 a.m. ET to discuss the company's fourth quarter and full year 2024 results. Conference Call/Webcast InformationParticipants can register in advance here, and the conference call will be available at the company's investor relations website. A ...