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

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.

Bread Financial Holdings (NYSE: BFH) has released its performance update for June 2024. The company, which specializes in payment, lending, and saving solutions, reported key metrics for its credit card and other loan portfolios. As of June 30, 2024, the end-of-period credit card and other loans stood at $17,743 million. The average credit card and other loans showed a 1% year-over-year increase for both the month and three months ended June 30, 2024.

The net loss rate for June 2024 was 8.4%, with net principal losses of $122 million. For the three-month period, the net loss rate was slightly higher at 8.6%. The delinquency rate as of June 30, 2024, increased to 6.0% from 5.5% a year earlier, with 30 days+ delinquencies reaching $979 million.

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company, has released its second quarter 2024 financial results. The company, which specializes in payment, lending, and saving solutions, has made all earnings-related materials available on its investor relations website. President and CEO Ralph Andretta and CFO Perry Beberman will host a conference call at 8:30 a.m. ET to discuss the results. Investors can access the call link and a replay of the discussion on the company's investor relations website.

Bread Financial Holdings (NYSE: BFH), a tech-forward financial services company, has announced a quarterly cash dividend of $0.21 per share on its common stock. The dividend will be payable on September 13, 2024 to stockholders of record at the close of business on August 9, 2024. Bread Financial specializes in providing simple, flexible payment, lending, and saving solutions. This dividend declaration demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability and future prospects.