Bread Financial Sees Better January Credit, Flat Loan Growth in BofA Conference Discussion

Chief Executive Officer Ralph Andretta, marking roughly five years in the role, pointed to the buildout of the management team as a key achievement and said the company exited the fourth quarter and the full year “really strong.” He described Bread’s post-COVID period as a multi-year transformation and said the company has made notable progress strengthening its balance sheet, including paying down debt and improving tangible value. He also cited the company receiving ratings from rating agencies as “a grea ...