Bread Financial (BFH) Q4 Earnings Beat, Revenues Fall Y/Y

Bread Financial Holdings’ (BFH) operating income of 90 cents per share for the fourth quarter of 2023 beat the Zacks Consensus Estimate of a loss of 73 cents.  The bottom line improved from the year-ago quarter’s reported loss of $2.68 per share.The quarterly results reflect the execution of growth initiatives and the strengthening of the balance sheet by lowering the debt level.  With the sale of the BJ's portfolio in February 2023 and strategic credit tightening, loans grew at a low to mid-single digit.Th ...