Bread Financial Announces Approval of $150 Million Share Repurchase Program

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]