MINNEAPOLIS, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts, announced today that a wholly owned subsidiary has entered into a definitive asset purchase agreement to acquire a portfolio of credit card assets from affiliates of Bluestem Brands (“Bluestem”). As part of the transaction, Jefferson Capital will pay a gross purchase price of $302.8 million to acquire ...

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Core Insights - Pagaya Technologies Ltd. (PGY) and OneMain Holdings, Inc. (OMF) are significant players in the consumer finance sector, focusing on underserved credit segments like subprime and non-prime borrowers, but they operate under different business models [1][3] Pagaya Technologies Ltd. (PGY) - Pagaya is a technology-driven fintech platform utilizing AI-powered machine learning algorithms for credit risk assessment, loan underwriting, and asset securitization in collaboration with banks and fintech lenders [2] - The company has diversified its offerings from personal loans to auto lending and point-of-sale financing, reducing reliance on any single loan type and enhancing resilience during economic fluctuations [4] - Pagaya has established a network of over 135 institutional partners and employs forward flow agreements to ensure funding stability, particularly during market disruptions [4][6] - The company has recorded two consecutive quarters of positive GAAP net income, marking a significant turnaround from previous losses, driven by strong network volume growth and improved operating leverage [8] - Pagaya's return on equity (ROE) stands at 31.69%, indicating higher efficiency in generating profits compared to OneMain's 20.65% [18] - The Zacks Consensus Estimate predicts revenue growth of 28.4% and 20.1% for 2025 and 2026, respectively, with earnings growth estimates of 219.3% and 28.3% for the same years [19] OneMain Holdings, Inc. (OMF) - OneMain operates as a traditional non-prime lender, providing personal loans through a nationwide branch network and digital channels, with a focus on unsecured and secured personal installment loans [11] - The company has a strong revenue growth trajectory, with a loan mix designed for sustainability and upside potential in a changing macroeconomic environment [12] - OneMain has a $1 billion buyback program extending through December 2026 and has raised dividends seven times since initiating them in 2019, reflecting a commitment to shareholder returns [14] - The Zacks Consensus Estimate indicates revenue growth of 7.8% and 7.4% for 2025 and 2026, respectively, with earnings growth estimates of 28.2% and 25.4% for the same years [23] Comparative Analysis - Pagaya's stock has surged 217.8% this year, significantly outperforming OneMain's 8.1% gain, indicating stronger investor sentiment towards Pagaya [15] - In terms of valuation, Pagaya trades at a trailing 12-month price-to-book (P/B) ratio of 4.83X, while OneMain's P/B ratio is 2.03X, suggesting that Pagaya is considered more expensive [16][18] - Pagaya's compelling growth trajectory positions it as a high-upside investment opportunity, while OneMain's established marketplace model offers a more attractive valuation [25][26]

Financial Performance - Net income reached $188 million, with diluted earnings per share at $3.96, including a $38 million favorable discrete tax item and a $3 million post-tax impact from repurchased debt[5] - Adjusted net income was $191 million[7] - Revenue totaled $1 billion[7] - Tangible book value per common share increased by $8.88, or 19%, year-over-year to $56.36[5] - Return on average tangible common equity was 28.6%[5] Deposits and Funding - Direct-to-consumer deposits increased by 9% year-over-year to $8.2 billion, representing 47% of average total funding[5] Capital Allocation - The company announced a share repurchase authorization of $200 million in August and repurchased 0.6 million shares during the quarter[5] - An additional 0.4 million shares were repurchased in October, totaling 1 million shares for $60 million[5] - A $200 million increase to the share repurchase authorization was announced, bringing the total available to $340 million[5] - A quarterly cash dividend of $0.23 per common share was declared, a 10% increase from the prior quarter[5] Credit Quality - The delinquency rate decreased from 6.4% to 6.0% compared to the third quarter of 2024[12] - The net loss rate decreased from 7.8% to 7.4% compared to the third quarter of 2024[12]

Core Insights - Equifax and Qlarifi are collaborating on a study to analyze the impact of Buy Now, Pay Later (BNPL) reporting on credit risk assessments and fraud prevention [1][2] - The study will utilize real-time BNPL data from multiple providers, marking the first of its kind in the U.S. [2][4] Group 1: BNPL Usage Trends - Over 50% of U.S. consumers currently use BNPL for payments, with 35% planning to increase their usage in 2025 [2] - The growing adoption of BNPL necessitates a deeper understanding of its predictive capabilities for lenders [5] Group 2: Study Objectives and Benefits - The joint study aims to minimize loan stacking risks, quantify the predictive power of BNPL data, and enhance consumer benefits [4] - It will explore how BNPL data can improve consumer protection by providing early visibility into financial stress and preventing overextension [5] Group 3: Company Profiles - Equifax is a global data, analytics, and technology company with nearly 15,000 employees, operating in 24 countries [7] - Qlarifi specializes in real-time BNPL consumer credit data, offering insights that help lenders make informed underwriting decisions [8]

Financial Performance - Net income was $139 million, with earnings per diluted share at $2.94[6] - Adjusted net income reached $149 million, and adjusted earnings per diluted share were $3.15, excluding a $10 million post-tax impact from repurchased debt[6] - Revenue totaled $0.9 billion[7] - Credit sales increased by 4% to $6.8 billion, driven by new partner growth and increased general-purpose spending[11] Capital and Funding - Direct-to-consumer deposits increased by 12% year-over-year to $8.1 billion, representing 45% of average total funding[6] - Tangible book value per common share increased by 7% year-over-year to $52.21[6] - Completed a $150 million tender offer for 9.75% senior notes due 2029[6] - CET1 capital ratio was 13.0%[17] - Total risk-based capital ratio was 16.5%[17] Credit Quality - The delinquency rate decreased to 5.7% from 6.0% in the second quarter of 2024[11] - The net loss rate decreased to 7.9% from 8.6% in the second quarter of 2024[11]

Core Points - Bread Financial Holdings, Inc. has initiated cash tender offers to purchase up to $150 million of its Senior Notes and Subordinated Notes [1] - The tender offers are subject to specific sublimits for each series of notes, with a maximum of $100 million for the 2029 Notes and $50 million for the 2035 Notes [1] - The tender offers will expire on August 21, 2025, with an early participation deadline on August 6, 2025 [2] Tender Offer Details - The total consideration for each $1,000 principal amount of notes will be determined through a modified "Dutch Auction" procedure [3] - Holders who tender their notes before the early participation deadline will receive an additional $50 for each $1,000 principal amount [3][11] - The expected final payment date for accepted notes is August 26, 2025 [3] Participation and Bidding - Holders can specify a minimum bid price for their notes, which must be within a defined range and in increments of $1.25 [4] - The aggregate principal amount of notes accepted may be subject to proration if the total validly tendered exceeds the applicable sublimits [6] Withdrawal and Conditions - Notes can be withdrawn until the withdrawal date of August 6, 2025 [7] - The tender offers are subject to various conditions that may be waived or modified by the company [8] Management and Agents - J.P. Morgan Securities LLC is the lead dealer manager for the tender offers, with several co-dealer managers assisting [9] - D.F. King, Inc. serves as the information and tender agent for the offers [9]

Core Viewpoint - Synchrony (SYF) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 22, with a consensus estimate of $1.70 per share, reflecting a year-over-year increase of +9.7%. Revenues are projected to be $4.5 billion, up 2.2% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.59% over the last 30 days, indicating a reassessment by analysts [4]. The Most Accurate Estimate for Synchrony is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +6.05% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9][10]. Synchrony's current Zacks Rank is 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Synchrony exceeded the expected earnings of $1.63 per share by delivering $1.89, resulting in a surprise of +15.95%. The company has beaten consensus EPS estimates in all of the last four quarters [12][13]. Conclusion - Synchrony is positioned as a compelling candidate for an earnings beat, but investors should consider other factors that may influence stock performance beyond just the earnings report [16].

Acquisition Details - Prospect Capital Corporation has completed the acquisition of QC Holdings, Inc. for an all-cash transaction valued at approximately $115 million [1] - QC Holdings is no longer listed on a stock exchange and will continue to operate under its current management team, led by Darrin Andersen [2] Stockholder Information - Stockholders of record on June 30, 2025, will receive a letter of transmittal for stock certificate submission within 3-5 business days [3] - Investors holding shares through brokerage accounts should contact their brokers regarding the timing of payment receipt [3] Company Profiles - Prospect Capital Corporation is a business development company focused on lending to and investing in private businesses, aiming for current income and long-term capital appreciation [5] - QC Holdings specializes in consumer-focused alternative financial services, providing credit options for underserved individuals through various short-term loans and financial services [6]

Group 1 - The core viewpoint indicates that the Chinese assets are expected to maintain a fluctuating upward trend due to dual benefits from financial support for consumption policies and sustained foreign investment enthusiasm [1][3]. - The A-share market shows a clear "technology + finance" dual-driven pattern, with the defense and military industry leading the sectors with a 3.19% increase, followed by the non-bank financial sector rising by 2.41% [2]. - The Hong Kong market reflects a similar trend, with the consumer services sector surging by 5.33% and the consumer credit sector increasing by 4.14%, indicating strong market responses to consumption policy benefits [2]. Group 2 - The energy sector has become a common drag on both markets, with A-share coal and oil sectors declining by 1.66% and 1.16% respectively, reflecting a decreasing willingness to allocate resources to traditional energy sectors [3]. - The release of 19 consumption-promoting measures, including a 500 billion yuan service consumption and pension refinancing initiative, is expected to significantly enhance the valuation recovery space for the consumption sector [3]. - Investors are advised to focus on three main lines: brokers and financial technology benefiting from financial innovation policies, consumer upgrade sectors with performance certainty, and hard technology sectors like artificial intelligence and defense that are strongly supported by policies [4].