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

Bread Financial (NYSE: BFH) priced an underwritten offering of depositary shares, each representing a 1/40th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A, with a liquidation preference of $25 per depositary share (equivalent to $1,000 per preferred share).

The company expects to close the offering on November 25, 2025, subject to customary conditions, and to receive approximately $72,637,500 in net proceeds after underwriting discounts and estimated expenses. Proceeds may be used for general corporate purposes, including contributing or lending to Comenity Capital Bank and for share repurchases. Bread Financial intends to apply to list the depositary shares on the New York Stock Exchange.

Bread Financial (NYSE: BFH) launched an underwritten public offering of depositary shares, each representing a 1/40th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A.

Each Depositary Share has a $25 liquidation preference (equivalent to $1,000 per Series A share). The company expects to apply to list the Depositary Shares on the New York Stock Exchange and intends to use net proceeds for general corporate purposes, which may include contributing or lending proceeds to subsidiary Comenity Capital Bank and share repurchases. Joint bookrunners are Wells Fargo Securities, J.P. Morgan, Morgan Stanley, and RBC Capital Markets. The offering is subject to market and other conditions and will be made under an effective Form S-3 with a prospectus supplement to be filed with the SEC.

Bread Financial (NYSE: BFH) provided an October 2025 performance update showing modest improvement in credit metrics versus October 2024. For the month ended October 31, 2025, end-of-period credit card and other loans were $17,694M (average $17,627M) versus $17,915M a year earlier. Net principal losses were $112M with a net loss rate of 7.5% versus 7.9% in October 2024. As of October 31, 2025, 30+ day delinquencies were $963M on period loans of $15,903M, a delinquency rate of 6.1% versus 6.4% a year prior.

The company noted a 2024 billing-cycle freeze in FEMA hurricane zones that modestly lowered 2024 net losses.

Bread Financial (NYSE: BFH) will participate in the KBW Fintech Payments Conference on Thursday, November 13, 2025. EVP and Chief Financial Officer Perry Beberman will appear in a fireside chat at 10:10 a.m. ET.

The session will be broadcast live and accessible via Bread Financial’s investor relations website, with a replay available for 90 days following the event.

Bread Financial (NYSE: BFH) priced a private offering of $500 million aggregate principal amount of 6.750% senior notes due 2031, sold at 100% of principal. Closing is expected on Nov 6, 2025, producing approximately $493 million net proceeds after discounts and estimated expenses.

The company intends to combine the net proceeds with about $275 million cash on hand to redeem in full its outstanding $719 million aggregate 9.750% senior notes due 2029, with a conditional redemption date of Nov 7, 2025 (including make-whole premium) subject to customary closing conditions and a gross-proceeds condition.

Bread Financial (NYSE: BFH) announced on October 28, 2025 its intent to privately offer $500 million aggregate principal amount of senior notes.

The company plans to use net proceeds from the offering together with approximately $275 million cash on hand to redeem in full its outstanding 9.750% Senior Notes due 2029 (approximately $719 million principal outstanding), including payment of any make‑whole premium.

The new Notes will be fully guaranteed by domestic subsidiaries and will be offered only to qualified institutional buyers (Rule 144A) or non‑U.S. persons under Regulation S. Consummation is subject to market and other conditions and is not guaranteed.

Bread Financial (NYSE: BFH) provided a September 30, 2025 performance update with portfolio and credit metrics for the month and quarter.

Key figures: end-of-period loans $17,655M, average loans $17,605M (month) and $17,596M (quarter), net principal losses $101M for September and $328M for the three months ended September 30, 2025. Reported net loss rate 6.9% for the month and 7.4% for the quarter. Delinquencies improved year-over-year with 30+ day delinquencies $963M and a delinquency rate 6.0% as of September 30, 2025 versus 6.4% a year earlier.

Raymour & Flanigan and Bread Financial (NYSE: BFH) announced a long-term agreement to launch a private label credit program, set to begin late this year. The program will provide qualified customers with flexible, integrated financing options across Raymour & Flanigan’s platforms to simplify purchases of furniture and mattresses.

Bread Financial will collaborate on data-driven insights to continually enhance the omnichannel customer experience. Both companies framed the program as improving accessibility and convenience for shoppers while reinforcing Raymour & Flanigan’s focus on customer service.

Bread Financial (NYSE: BFH) announced its third quarter 2025 financial results on October 23, 2025.

All earnings-related materials are available on the company’s investor relations website. Bread Financial President and CEO Ralph Andretta and CFO Perry Beberman will host a conference call at 8:30 a.m. ET on October 23, 2025 to discuss results; a link and a replay will be available on the investor relations website.