Bread Financial Holdings, Inc. Stock Price, News & Analysis

Bread Financial Holdings (NYSE: BFH) announced the early tender results of its cash tender offer for its 9.750% Senior Notes due 2029. As of June 4, 2025, approximately $536.8 million in aggregate principal amount of Notes were validly tendered. The company will accept up to $150 million in aggregate principal amount for purchase at $1,071.25 per $1,000 principal amount, which includes an early participation amount of $50.00. Due to oversubscription, the company will implement a proration factor of approximately 77.538% for notes tendered at the clearing premium. Settlement is expected to occur on June 9, 2025. No additional notes tendered after the Early Participation Date will be accepted as the tender cap has been exceeded.

Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, announced its participation in the upcoming Morgan Stanley US Financials Conference. Chief Financial Officer Perry Beberman will engage in a fireside chat on Wednesday, June 11, 2025, at 1:45 p.m. ET. The discussion will be available via live webcast and can be accessed through both Morgan Stanley's platform and Bread Financial's investor relations website. A replay of the presentation will remain accessible for 90 days after the event. Bread Financial specializes in providing simple, personalized payment, lending, and saving solutions to millions of U.S. consumers.

Bread Financial Holdings (NYSE: BFH) has launched a modified Dutch Auction cash tender offer to purchase up to $150 million of its 9.750% Senior Notes due March 2029. The tender offer will expire on June 20, 2025, with an early participation deadline of June 4, 2025. Holders who tender their notes before the early participation deadline will receive the Total Consideration, including a $50.00 Early Participation Amount per $1,000 principal amount. The Total Consideration will be determined through a modified Dutch Auction procedure, with an acceptable bid range of $1,040-$1,080 per $1,000 principal amount. The early payment date is expected to be June 9, 2025, while the final payment date is anticipated for June 25, 2025. J.P. Morgan Securities is acting as the sole lead dealer manager for the tender offer.

Bread Financial Holdings (NYSE: BFH) has released its performance metrics for April 2025. The company reported end-of-period credit card and other loans of $17.72 billion, showing a decline from $17.89 billion in April 2024. The net loss rate improved to 7.8% from 8.6% year-over-year, while delinquency rates decreased to 5.7% from 6.0%.

Average credit card and other loans decreased by 2% year-over-year to $17.71 billion. Net principal losses were $114 million, down from $127 million in the previous year. The company noted that hurricanes Helene and Milton affected their metrics, as they froze delinquency progression for cardholders in FEMA impact zones, which will negatively impact Net principal losses and Net loss rate in Q2 2025.

Bread Financial (NYSE: BFH) has released its 2024 Sustainability Report, marking its twelfth annual publication. The report highlights the company's progress across five key sustainability areas. Notable achievements include:

The company earned its 19th consecutive Center of Excellence certification from BenchmarkPortal for customer service and received Great Place to Work Certification in both the U.S. and India. Bread Financial established new greenhouse gas reduction targets for 2030, issued 1.5 million sustainable plastic cards, and enhanced its Enterprise Risk Management Framework.

In community engagement, the company's charitable donations exceeded $9 million in 2024, with employee donations reaching $3 million after company matching. Associates contributed over 10,000 volunteer hours. The company also improved its operational excellence, expanded its mobile app offerings, and enhanced employee benefits including automatic 401(k) contributions.

Bread Financial (NYSE: BFH) has announced a $3 million investment over three years in partnership with the Bob Woodruff Foundation to improve mental health care for children in military families. The initiative will focus on three key areas: providing direct clinical mental health care, training clinicians to better serve military-connected children, and implementing proven programs for wellness and social connection.

The investment addresses a critical need, as over 70% of Bob Woodruff Foundation's Got Your 6 Network partners reported families requiring mental health services, while only 13% of service providers could fully meet their community's needs. The partnership will leverage the Foundation's national network of local partners to support military communities.

Bread Financial Holdings (NYSE: BFH) has released its performance update for March 2025, revealing mixed financial metrics. The company's end-of-period credit card and other loans stood at $17.815 billion, with average loans showing a 2% year-over-year decline.

Key performance indicators include:

• Net loss rate of 8.1% for March 2025 and 8.2% for Q1 2025
• Net principal losses of $123 million for March and $365 million for Q1
• Delinquency rate improved to 5.9% from 6.2% year-over-year
• 30+ days delinquencies decreased to $973 million from $1,048 million in March 2024

Bread Financial (NYSE: BFH) has announced a multi-year partnership with Crypto.com to launch the first Crypto.com Visa Signature® Credit Card program in the United States. The program features five tiers from Midnight Blue to Obsidian, offering uncapped CRO cryptocurrency rewards at varying rates.

Cardmembers will enjoy elevated CRO reward rates for the first twelve months from account opening or tier upgrade. Higher tiers will receive additional perks through the Level Up program, including unlimited Spotify and Netflix rebates. Customers can apply directly through the Crypto.com app and immediately add approved cards to digital wallets.

The program, launching summer 2025, allows users to earn CRO rewards deposited into their Crypto Wallet, where they can exchange for other cryptocurrencies, stocks, NFTs, and participate in staking. The partnership aims to advance cryptocurrency adoption while providing innovative payment solutions to Crypto.com's 140 million worldwide customers.

Bread Financial Holdings (NYSE: BFH) has announced its financial results for the first quarter of 2025. The tech-forward financial services company, which specializes in payment, lending and saving solutions, will discuss the results in a conference call hosted by President and CEO Ralph Andretta and CFO Perry Beberman at 8:30 a.m. ET. Detailed earnings materials are available on the company's investor relations website, where a replay of the conference call will also be accessible.