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 ...

Core Insights - Bread Financial Holdings, Inc. (BFH) shares have increased by 95.3% year-to-date (YTD), significantly outperforming the industry growth of 19.7% and the Finance sector's return of 22.2% [1][2] - The stock is currently trading near its 52-week high, indicating strong investor confidence and potential for further price appreciation [3] - BFH shares are trading at a forward price-to-earnings ratio of 10.14X, which is lower than the industry average of 16.43X, suggesting they are affordable [5] Performance Metrics - The average trading volume for BFH shares over the last three months was 0.8 million, with a market capitalization of $3.20 billion [1] - The stock is trading above its 50-day and 200-day simple moving averages of $54.30 and $46.50, respectively, indicating solid upward momentum [4] Financial Performance - BFH has beaten earnings estimates in two of the last four quarters, with an average surprise of 70.23% [6] - The company expects credit sales to improve due to strong consumer spending, which is likely to increase average loans [6] - Credit metrics are expected to remain strong, with delinquency and net loss rates projected to stay below historical averages [7] Strategic Initiatives - The company is investing in strategic growth areas, focusing on digital innovation and technology enhancements [8] - BFH has been strengthening its balance sheet, reducing debt, and improving leverage from 400% three years ago to less than 115% by the end of Q3 2024 [9] - The company plans to pay down $100 million in remaining 2026 bonds this year to further enhance leverage [10] Challenges - BFH has experienced rising non-interest expenses in recent years and anticipates a net loss rate in the low 8% range for 2024, potentially increasing to around 9% in Q2 due to inflationary pressures [11]

COLUMBUS, Ohio, Dec. 04, 2024 (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 Goldman Sachs Financial Services Conference 2024 on Wednesday, Dec. 11. Bread Financial President and Chief Executive Officer Ralph Andretta, along with EVP and Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat ...

COLUMBUS, Ohio, Dec. 02, 2024 (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 that its Board of Directors has approved a $25 million increase to its previously-announced 2024 share repurchase program, expanding the authorization from $30 million of common stock to $55 million of common stock through December 31, 2024. The Company had approximately $19 million r ...

COLUMBUS, Ohio, Nov. 07, 2024 (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 KBW’s Fintech & Payments Conference on Thursday, Nov. 14. Bread Financial EVP and Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat will take place at 10:15 a.m. ET and will be broadcast live here. The firesid ...

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 September 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 ...

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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