Bread Financial Announces Approval of $150 Million Share Repurchase Program

Rhea-AI Summary

Bread Financial (NYSE: BFH) has announced a new $150 million share repurchase program authorized by its Board of Directors. The program comes with no expiration date and is part of the company's strategic capital management initiatives.

According to CEO Ralph Andretta, this move follows five years of focused efforts on strengthening the company's balance sheet through capital building and debt reduction. The combination of Tier 2 capital issuance and the share repurchase authorization aims to enhance total capital ratios while maintaining flexibility for future growth and capital position optimization.

The repurchase program's execution will be subject to market conditions, legal and regulatory requirements, and does not obligate the company to acquire any specific number of shares. The program can be suspended or terminated at any time.

Positive

• $150M share repurchase program authorized
• No expiration date on buyback program
• Strengthened balance sheet over past 5 years
• Reduced debt levels
• Enhanced capital position through Tier 2 issuance

Negative

• No commitment to specific number of shares to be repurchased
• Program execution dependent on market conditions and regulatory approvals

COLUMBUS, Ohio, March 05, 2025 (GLOBE NEWSWIRE) -- Bread Financial^® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) today announced that its Board of Directors (the “Board”) has authorized a new plan to repurchase up to $150 million of shares of its common stock. There is no expiration date for the repurchase plan.

“Aligned with our capital priorities, we have prudently focused on strengthening our balance sheet over the past five years, including building capital and reducing debt. The issuance of Tier 2 capital and this share repurchase authorization will further strengthen our total capital ratios, while providing capital flexibility for future growth and further optimization of our capital position over time,” said Ralph Andretta, president and chief executive officer of Bread Financial.

Any decision to repurchase shares will be subject to market conditions and other factors, including legal and regulatory restrictions and required approvals, up to the aggregate amount authorized by the Board. The repurchase plan does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.

About Bread Financial^®
Bread Financial^® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. The Company’s payment solutions, including Bread Financial general purpose credit cards and savings products, empower its customers and their passions for a better life. Additionally, the Company delivers growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through their private label and co-brand credit cards and pay-over-time products providing choice and value to their shared customers.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, among other things, statements regarding the Company’s intended share repurchases and the expected impact on share count dilution. The Company believes that its expectations are based on reasonable assumptions. Forward-looking statements, however, are based only on currently available information and the Company’s current beliefs, expectations and assumptions, and are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond the Company’s control, including risk and uncertainties described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, the Company’s Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. The Company’s forward-looking statements speak only as of the date made, and it undertakes no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

Contacts

Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com 

Susan Haugen — Investor Relations
Susan.Haugen@breadfinancial.com 

Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com  

FAQ

How much is Bread Financial's new share repurchase program worth?

Bread Financial's new share repurchase program is authorized for up to $150 million of common stock.

When does BFH's $150 million share repurchase program expire?

The share repurchase program has no expiration date.

What are the conditions for Bread Financial's 2025 share buyback program?

The program is subject to market conditions, legal and regulatory approvals, and can be suspended or terminated at any time.

How does the 2025 share repurchase program align with BFH's capital strategy?

It follows five years of balance sheet strengthening and aims to enhance total capital ratios while maintaining flexibility for future growth.