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

Bread Financial Holdings (NYSE: BFH) has announced its participation in KBW's Fintech & Payments Conference scheduled for Thursday, Nov. 14. The company's EVP and Chief Financial Officer, Perry Beberman, will engage in a fireside chat at 10:15 a.m. ET. The discussion will be broadcast live and accessible through Bread Financial's investor relations website, with replay availability for 90 days after the event.

Bread Financial Holdings (NYSE: BFH) released its September 2024 performance metrics. The company reported end-of-period credit card and other loans of $17.93 billion, with a 3% year-over-year increase in average loans for the month. The net loss rate was 7.4% for September and 7.8% for the quarter. Delinquency rates showed a slight increase to 6.4% compared to 6.3% in September 2023, with delinquent principal reaching $1.06 billion. The company also noted a methodology change in calculating average credit card loans starting January 2024.

Bread Financial Holdings (NYSE: BFH) has announced its third quarter 2024 financial results. The tech-forward financial services company, which provides payment, lending and saving solutions, has made all earnings-related materials available on their investor relations website. Management will host a conference call at 8:30 a.m. ET to discuss the results, with CEO Ralph Andretta and CFO Perry Beberman leading the discussion. A replay of the call will be available on the company's investor relations website afterward.

Bread Financial Holdings (NYSE: BFH) has announced a quarterly cash dividend of $0.21 per share on its common stock. The dividend will be paid on December 13, 2024 to stockholders of record as of the close of business on November 8, 2024. The company, which specializes in payment, lending and saving solutions, made this announcement through its Board of Directors.

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Thursday, Oct. 24, 2024, at 8:30 a.m. ET. Participants can register in advance for the conference call, which will be accessible via the company's investor relations website. Analysts intending to participate in the Q&A session are required to register separately. The webcast will be accompanied by several slides and will be archived on the investor relations website for future reference. Attendees are advised to register and set up any necessary software at least 15 minutes before the call begins.

Bread Financial Holdings (NYSE: BFH) has released its performance update for August 2024. The report shows a slight increase in credit card and other loans, with end-of-period loans at $17,936 million compared to $17,949 million in August 2023. The average loans grew by 1% year-over-year. However, the company faced challenges with rising net principal losses and delinquency rates. Net principal losses increased to $118 million from $99 million in the previous year, resulting in a higher net loss rate of 7.8% compared to 6.7% in August 2023. The 30-day+ delinquency rate also rose to 6.2% from 5.9% year-over-year. These figures suggest potential pressure on Bread Financial's loan portfolio quality and profitability.

Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, has announced its participation in the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024. The company's EVP and CFO, Perry Beberman, will engage in a fireside chat at 9:45 a.m. ET.

The event will be broadcast live and can be accessed through Bread Financial's investor relations website. A replay of the webcast will remain available for 90 days following the conference. This participation underscores Bread Financial's commitment to engaging with the financial services community and sharing insights on its innovative payment, lending, and saving solutions.

Bread Financial (NYSE: BFH), a tech-forward financial services company, reported its performance update for July 2024.

As of July 31, 2024, the company's credit card and other loans at month-end were $17,659 million, down from $17,963 million the previous year. Average credit card and other loans stood at $17,588 million, showing no year-over-year change.

The net principal losses increased to $120 million from $108 million, resulting in a net loss rate of 8.0%, up from 7.4%. Delinquency rates also rose, with 30+ days delinquencies at $1,004 million (6.2%) compared to $956 million (5.7%) the previous year.

The rise in net principal losses and delinquency rates may concern investors, reflecting potential risks in Bread Financial's credit portfolio.

Bread Financial Holdings, Inc. (NYSE: BFH) has announced a partial repurchase of its 4.25% Convertible Senior Notes due 2028. The company has entered into privately negotiated agreements to repurchase $237.6 million aggregate principal amount of the Notes for an approximate cash price of $350.0 million. The final price is subject to adjustment based on the daily volume-weighted average price of BFH's common stock over an agreed measurement period starting August 9, 2024.

The repurchases are expected to close before the end of the current fiscal quarter. After the transaction, $78.6 million principal amount of Notes will remain outstanding from an initial balance of $316.25 million. The company's previously established capped call transactions related to the Notes issuance will remain in effect.