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

Bread Financial Holdings, Inc. (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share, payable on December 16, 2022, to stockholders of record by November 14, 2022. This dividend illustrates the company’s commitment to returning value to its shareholders while continuing to provide personalized financial services. With a tech-forward approach, Bread Financial offers various financial solutions, enabling greater access and financial flexibility for its customers.

Bread Financial (NYSE: BFH) will host a conference call on October 27, 2022, at 8:30 a.m. ET to discuss its Q3 2022 results. Participants can register in advance here. Insights will cover operating performance and future outlook, contributing to the financial services sector through payment and lending solutions. The replay will be available until November 10, 2022.

Bread Financial (NYSE: BFH) announced a donation to The Nature Conservancy to support sustainable forest management and financial wellness in low-to-moderate income communities in Appalachia. This marks the second consecutive year of their support. The donation also funds clean energy projects in India aimed at renewable energy goals. Their efforts align with TNC's climate initiatives, including the Family Forest Carbon Program and the Mining the Sun initiative, which create eco-friendly economic opportunities while mitigating climate change risks.

Bread Financial Holdings, Inc. (NYSE: BFH) released a performance update highlighting key metrics as of August 31, 2022. The end-of-period credit card and other loans reached $18,020 million, marking a 13% year-over-year increase in average loans. However, net principal losses rose to $78 million from $52 million, and the net loss rate increased to 5.3% from 4.0%. The delinquency rate also rose to 5.3% compared to 3.6% a year prior. The increase in delinquencies was impacted by a planned transition of credit card processing services, with expectations of insignificant impacts moving forward.

Marqeta (NASDAQ: MQ) has partnered with Bread Financial (NYSE: BFH) to introduce the Bread Pay One-Time Use Card, enhancing in-store payment options. This card allows consumers to access flexible payment solutions like Pay in 4 and installment loans seamlessly during checkout without the need for third-party apps. A 2021 survey indicated that 47% of consumers had used a Buy Now, Pay Later (BNPL) solution, showing growing interest. Marqeta's platform supports over 600 merchants, providing key features including virtual card issuance and tokenization.

Stand Up for Heroes (SUFH), presented by the Bob Woodruff Foundation and the New York Comedy Festival, will take place on November 7, 2022, at David Geffen Hall, Lincoln Center. The event honors veterans with performances from notable artists such as Bruce Springsteen and The Lumineers. SUFH has raised over $65 million since its inception, funding initiatives to support veterans and their families. Bread Financial (NYSE: BFH) is a major sponsor, emphasizing its commitment to veteran financial wellness amid challenges like food insecurity. Tickets go on sale September 7.

Bread Financial Holdings, Inc. (NYSE: BFH) will participate in the Barclays Global Financial Services Conference on September 12, 2022. The event features presentations by Ralph Andretta (CEO), Perry Beberman (CFO), and Val Greer (CCO) at 8:15 a.m. EDT. The live presentation will be available here and on the company's investor relations website. A recording will be accessible for 180 days post-event. Bread Financial is committed to delivering personalized financial solutions.

Bread Financial Holdings (NYSE: BFH) provided a performance update highlighting key metrics for July 2022. The company reported an end-of-period credit card and other loans totaling $17,884 million, up from $15,916 million in July 2021. The average loans also rose by 12%, amounting to $17,471 million. Notably, the net loss rate increased to 4.5% from 4.2% due to a planned transition in credit card processing services, which affected both the net loss rate and delinquency rate, recorded at 4.8%.

Bread Financial Holdings (NYSE: BFH) has released a performance update, highlighting key metrics as of June 30, 2022. The company reported end-of-period credit card and other loans totaling $17,769 million, with an average loan amount of $17,298 million, reflecting a 12% year-over-year increase. However, net principal losses reached $77 million, representing 5.4% of average loans. Additionally, the delinquency rate grew to 4.4%, compared to 3.3% the previous year. These figures indicate ongoing challenges in managing credit risk.