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

Bread Financial Holdings, Inc. (NYSE: BFH) will host a conference call on January 26, 2023, at 8:30 a.m. ET to discuss its full-year and fourth-quarter 2022 results. Analysts can register for the Q&A in advance, and the call will be accessible at www.BreadFinancial.com. A replay of the call will be available until February 9, 2023. The company, based in Columbus, Ohio, offers tech-forward payment, lending, and saving solutions to enhance customer experiences.

Bread Financial Holdings (NYSE: BFH) released a performance update revealing key financial metrics for November 2022. The end-of-period loans reached $20.487 billion, a 24% increase year-over-year. Average loans also rose to $19.819 billion, up 24% from the previous year. However, the net loss rate increased to 6.1% from 4.6%, and net principal losses were $100 million, compared to $61 million in November 2021. Delinquency rates also worsened to 5.4% from 3.9%.

Comenity Capital Bank, a subsidiary of Bread Financial (NYSE: BFH), has committed $10 million to the Utah Housing Preservation Fund (UHPF) over 10 years. This funding aims to purchase rental properties and maintain affordable housing for low- to moderate-income families in Utah. UHPF reports that it acquired 276 units in 2022, saving tenants over $3,000 annually on rent. This initiative is crucial amidst the affordable housing crisis, enhancing the living conditions for vulnerable populations across the state.

Bread Financial (NYSE: BFH) has announced a $1.5 million donation to Junior Achievement of Central Ohio to enhance financial education for local K-12 students. This funding will support programs like JA Finance Park and JA BizTown, aiming to reach over 50,000 students by 2027. The initiative aligns with Bread Financial's commitment to fostering financial literacy, as highlighted by a study showing 57% of U.S. adults are financially illiterate. Bread Financial has previously contributed over $2 million to Junior Achievement USA.

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-driven financial services firm, will participate in the Goldman Sachs Financial Services Conference on December 7, 2022. The event will feature a presentation from President Ralph Andretta, CFO Perry Beberman, and CCO Val Greer at 2:20 p.m. EST. A live broadcast will be available here and a replay for 90 days post-event. Headquartered in Columbus, Ohio, Bread Financial focuses on personalized payment, lending, and saving solutions, offering various innovative financial products.

Bread Financial (NYSE: BFH) has announced a collaboration with Versatile Credit to enhance financing options for consumers. Through this partnership, Bread Pay's buy now, pay later (BNPL) solutions will be integrated into Versatile Credit's platform, allowing customers to access financing at the point of sale—both online and in-store. This initiative aims to provide customers with more financial flexibility during checkout and expand distribution in key markets such as elective medical and home improvement.

Bread Financial Holdings (NYSE: BFH) has announced its performance update for October 2022, highlighting key metrics in credit card and loan operations. As of October 31, 2022, the end-of-period credit card and loan balances reached $19.88 billion, a significant increase from $15.98 billion in 2021. The average loan amounts also rose by 23% year-over-year. However, the net loss rate increased to 6.1% compared to 4.1% in the previous year, indicating rising credit risk.

Bread Financial Holdings, Inc. (NYSE: BFH) announced its participation in the Stephens Annual Investment Conference on November 17, 2022, with EVP and CFO Perry Beberman participating in a fireside chat. This event begins at 9:00 a.m. EST and will be broadcast live, with a replay available for 90 days post-presentation. Bread Financial, headquartered in Columbus, Ohio, focuses on offering tech-driven financial services, including payment, lending, and savings solutions, aimed at improving customer experience and providing financial flexibility.

Bread Financial Holdings, Inc. (NYSE: BFH) provided a performance update, revealing key metrics as of September 30, 2022. The end-of-period credit card and other loans reached $18.126 billion, while average loans were $17.720 billion, marking a 16% year-over-year increase. However, net principal losses totaled $74 million for the last month, resulting in a net loss rate of 5.0% and a delinquency rate of 5.7%, up from 3.8% the previous year. These figures reflect the impact of transitioning credit card processing services.