Core Viewpoint - Bread Financial Holdings, Inc. plans to offer $400 million in fixed-rate reset subordinated notes in a private offering, subject to market conditions [1][3]. Group 1: Offering Details - The company intends to lend at least $250 million of the net proceeds from the notes offering as subordinated debt to its subsidiary, Comenity Capital Bank, with the remaining funds for general corporate purposes, potentially including share repurchases [2]. - The notes will not be registered under the Securities Act or any state securities laws, and will be offered only to qualified institutional buyers or non-U.S. persons [4]. Group 2: 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, including general purpose credit cards and savings products [6]. - The company supports growth for recognized brands in various sectors through private label and co-brand credit cards and pay-over-time products [6].

Group 1 - Bread Financial Holdings, Inc. will participate in the 2025 RBCCM Global Financial Institutions Conference on March 4, 2025 [1] - CFO Perry Beberman will engage in a fireside chat at 11:20 a.m. ET, which will be broadcast live [1] - The fireside chat will be accessible through the investor relations website, with a replay available for 90 days post-event [2] Group 2 - Bread Financial is a tech-forward financial services company offering personalized payment, lending, and saving solutions to millions of U.S. consumers [3] - The company provides general purpose credit cards and savings products, enhancing customer experiences and supporting recognized brands in various sectors [3] - Bread Financial's offerings include private label and co-brand credit cards, as well as pay-over-time products, delivering choice and value to customers [3]

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 ...

Core Insights - Bread Financial Holdings (BFH) reported a revenue of $926 million for Q4 2024, marking a 9% decline year-over-year and a surprise of -3.33% compared to the Zacks Consensus Estimate of $957.94 million [1] - The earnings per share (EPS) for the same quarter was $0.41, down from $0.90 a year ago, but exceeded the consensus estimate of $0.33 by +24.24% [1] Financial Performance Metrics - Efficiency Ratio was reported at 57.8%, higher than the estimated 54.4% by three analysts [4] - Net principal losses as a percentage of average credit card and other loans (Net loss rate) stood at 8%, slightly better than the average estimate of 8.2% [4] - Net Interest Margin was 17.8%, below the estimated 18.5% by three analysts [4] - Total Risk-based Capital Ratio was 13.8%, compared to the average estimate of 14.7% based on two analysts [4] - Total interest income reached $1.22 billion, slightly below the average estimate of $1.26 billion from five analysts [4] - Interest on cash and investment securities was $44 million, lower than the average estimate of $50.29 million [4] - Interchange revenue, net of retailer shares arrangements, was reported at -$110 million, worse than the estimated -$100.28 million [4] - Interest and fees on loans totaled $1.18 billion, compared to the average estimate of $1.21 billion [4] - Net interest income was $988 million, below the average estimate of $1.02 billion [4] - Total non-interest income was -$62 million, slightly better than the average estimate of -$64.48 million [4] - Other Non-Interest Income was reported at $46 million, exceeding the average estimate of $34.98 million [4] Stock Performance - Shares of Bread Financial have returned +4.2% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

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 ...