Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting its financial metrics for the month and three months ended March 31, 2025, indicating a net loss rate of 8.1% and a delinquency rate of 5.9% [1] Financial Performance - End-of-period credit card and other loans stood at $17,815 million as of March 31, 2025, with an average of $17,818 million for the same period [1] - There was a year-over-year decrease of 2% in average credit card and other loans [1] - Net principal losses were reported at $123 million for the month and $365 million for the three months ended March 31, 2025 [1] - The net loss rate slightly improved from 8.2% in the previous year to 8.1% [1] - Delinquency rate decreased from 6.2% in March 2024 to 5.9% in March 2025, with 30 days or more delinquencies amounting to $973 million [1] Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [2] - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their lifestyles [2] - It also supports growth for recognized brands in various sectors through private label and co-brand credit cards [2]

Kev Demonstrated financial resilience and opportunistic capital allocation Exhibit 99.2 bread financial. First quarter 2025 results April 24, 2025 First quarter 2025 Proactive risk management given ongoing macroeconomic uncertainty (1) Represents a Non-GAAP financial measure. See "Non-GAAP Financial Measures" and "Reconsiliation of GAAP to Non-GAAP Financal Measures" bread financial 2 ©2025 Bread Financial Enhanced financial resilience through responsible growth, proactive risk management, prudent capital a ...

Core Viewpoint - Bread Financial has entered into a multi-year agreement with Crypto.com to launch the first Crypto.com credit card program in the United States, aiming to enhance customer access to cryptocurrency rewards and payment options [1][4]. Company Overview - Bread Financial is a tech-forward financial services company that provides personalized payment, lending, and saving solutions to millions of U.S. consumers [5]. - The company focuses on delivering growth for recognized brands through private label and co-brand credit cards, as well as pay-over-time products [5]. Product Details - The Crypto.com Visa Signature® Credit Card will feature five tiers, allowing cardmembers to earn uncapped CRO rewards at varying rates, with elevated rates for the first twelve months for select tiers [2][4]. - Cardmembers can pre-qualify or apply for the credit card through the Crypto.com app, and once approved, they can add the card to their digital wallets [3]. Customer Benefits - The credit card program is designed to help both novice and experienced traders maximize their investments through straightforward rewards [4]. - Higher-tier cardmembers will receive additional benefits, including unlimited rebates for services like Spotify and Netflix through Crypto.com's Level Up program [2][4]. Market Position - Crypto.com is recognized as an industry leader with over 140 million customers globally, committed to accelerating cryptocurrency adoption through innovative solutions [4][7].

Core Insights - Bread Financial Holdings, Inc. reported its first quarter 2025 financial results, emphasizing its position as a tech-forward financial services company [1] - The company provides flexible payment, lending, and saving solutions to millions of U.S. consumers, enhancing customer experiences and supporting various brands [3] Financial Performance - The financial results for the first quarter of 2025 were announced, with all related materials available on the company's investor relations website [1] - A conference call was scheduled to discuss these results, indicating a commitment to transparency and communication with investors [2] Company Overview - Bread Financial specializes in personalized financial solutions, including general purpose credit cards and savings products, aimed at improving customers' lives [3] - The company collaborates with well-known brands across various sectors, including travel, entertainment, health, beauty, jewelry, and specialty apparel, through private label and co-brand credit cards [3]

Company Overview - Bread Financial Holdings (BFH) is expected to report a year-over-year decline in earnings due to lower revenues, with a consensus EPS estimate of $2.08, reflecting a -23.8% change [3][12] - Revenues are anticipated to be $957.76 million, down 3.4% from the previous year [3] Earnings Expectations - The earnings report is scheduled for April 24, 2025, and the stock may rise if actual results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised down by 7.66% over the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP for Bread Financial is +4.18%, suggesting a likelihood of beating the consensus EPS estimate [11] - The stock currently holds a Zacks Rank of 3 (Hold), which indicates a moderate outlook [11] Historical Performance - In the last reported quarter, Bread Financial exceeded the expected EPS of $0.33 by delivering $0.41, resulting in a surprise of +24.24% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Industry Comparison - Moody's (MCO), a peer in the financial services industry, is expected to report an EPS of $3.57, reflecting a +5.9% year-over-year change, with revenues projected at $1.89 billion, up 5.7% [17] - Moody's has a consensus EPS estimate that has been revised up by 0.1% over the last 30 days, but it currently has an Earnings ESP of -0.38%, making predictions about beating the consensus EPS challenging [18]

Company Overview - Bread Financial Holdings (BFH) shares increased by 12.7% to $48.28, following a broader market rally after President Trump's announcement of a 90-day pause on reciprocal tariffs for most countries [1] - The stock had previously experienced a 10.1% decline over the past four weeks [1] Earnings Expectations - For the upcoming quarterly report, Bread Financial is expected to post earnings of $2.08 per share, reflecting a year-over-year decrease of 23.8% [2] - Revenue projections stand at $957.76 million, which is a 3.4% decline compared to the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for Bread Financial has been revised down by 12.4% over the last 30 days [4] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, indicating potential caution for future stock performance [4] Industry Context - Bread Financial operates within the Zacks Financial - Miscellaneous Services industry, where Applied Digital Corporation (APLD) also resides [4] - APLD's shares rose by 8.7% to $5.52, but the company has seen a 20.3% decline over the past month [4] - APLD's consensus EPS estimate remains unchanged at -$0.11, which is a 78.9% improvement compared to the previous year [5]

Core Viewpoint - Bread Financial Holdings, Inc. will host a conference call on April 24, 2025, to discuss its first quarter 2025 results [1] Group 1: Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to millions of U.S. consumers [3] - The company offers payment solutions, including general purpose credit cards and savings products, aimed at empowering customers [3] - Bread Financial collaborates with recognized brands in various sectors, including travel & entertainment, health & beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3] Group 2: Conference Call Details - The conference call will take place at 8:30 a.m. ET and will be available on the company's investor relations website [1][2] - Participants are encouraged to register in advance and download necessary software at least 15 minutes prior to the call [2] - The webcast will be archived on the investor relations website for future access [2]

Company Performance Update - Bread Financial Holdings, Inc. reported a net loss rate of 8.6% for February 2025, a slight improvement from 8.9% in February 2024 [1] - The average credit card and other loans decreased by 2% year-over-year, from $18,541 million in February 2024 to $18,141 million in February 2025 [1] - Net principal losses for February 2025 were $120 million, compared to $131 million in February 2024 [1] Delinquency Rates - The delinquency rate as of February 28, 2025, was 6.2%, down from 6.7% in February 2024 [1] - The total amount of 30 days or more delinquencies in principal was $1,027 million as of February 28, 2025, compared to $1,130 million as of February 29, 2024 [1] Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [2] - The company provides general purpose credit cards and savings products, as well as private label and co-brand credit cards, enhancing customer experience in various sectors including travel, health, and specialty apparel [2]

Core Viewpoint - Bread Financial Holdings, Inc. has announced the pricing of a $400 million offering of 8.375% fixed-rate reset subordinated notes due 2035, with expected net proceeds of approximately $395 million after deducting initial purchasers' discount [1][2] Group 1: Offering Details - The Notes will be sold at a price of 100% of the principal amount and the closing of the issuance is expected on March 10, 2025, subject to customary closing conditions [1] - The Company intends to lend no less than $250 million of the net proceeds as subordinated debt to its subsidiary bank, Comenity Capital Bank, with the remaining proceeds for general corporate purposes, potentially including share repurchases [2] Group 2: Regulatory Information - The Notes will not be registered under the Securities Act or any state securities laws, and may only be offered to qualified institutional buyers or non-U.S. persons in compliance with Regulation S [3] Group 3: Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to millions of U.S. consumers, including general purpose credit cards and savings products [5]

Core Viewpoint - Bread Financial Holdings, Inc. has authorized a share repurchase plan of up to $150 million, with no expiration date for the plan [1] Group 1: Share Repurchase Plan - The Board of Directors has approved a new plan to repurchase shares, amounting to $150 million [1] - The decision to repurchase shares will depend on market conditions and other factors, including legal and regulatory restrictions [3] - The repurchase plan does not obligate the company to acquire a specific number of shares and can be suspended or terminated at any time [3] Group 2: Capital Management Strategy - The company has focused on strengthening its balance sheet over the past five years by building capital and reducing debt [2] - The issuance of Tier 2 capital, along with the share repurchase authorization, aims to enhance total capital ratios and provide flexibility for future growth [2] Group 3: Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [4] - The company provides payment solutions, including general purpose credit cards and savings products, and supports growth for recognized brands through private label and co-brand credit cards [4]