Welcome to our dedicated page for Bread Financial Holdings news (Ticker: BFH), a resource for investors and traders seeking the latest updates and insights on Bread Financial Holdings stock.
Bread Financial Holdings, Inc. reports developments across its U.S. consumer finance business, including private label and co-brand credit cards, pay-over-time products, general purpose credit cards and savings products. Company updates commonly cover partner card programs across retail and consumer categories, quarterly results, credit performance metrics such as net principal loss and delinquency rates, and earnings conference materials.
News also includes capital and shareholder actions, including dividends on common and preferred stock, share repurchase authorizations, and preferred stock or depositary share financing activity. Bread Financial’s recurring disclosures emphasize loan balances, credit quality, consumer payment activity, bank subsidiary funding considerations, and board-authorized capital returns.
Bread Financial Holdings (NYSE: BFH) released its November 2024 performance update, showing mixed results in key metrics. The company reported end-of-period credit card and other loans at $18.143 billion, down from $18.780 billion in November 2023. The average credit card loans decreased by 1% year-over-year.
The net loss rate slightly increased to 8.0% from 7.9% year-over-year, while the delinquency rate improved to 6.2% from 6.5%. The company noted that hurricanes Helene and Milton impacted Q4 2024 metrics, as they froze delinquency progression for cardholders in FEMA-identified zones, which will result in higher metrics in Q2 2025.
Hard Rock International has launched the Unity™ by Hard Rock Mastercard®, a no-annual-fee credit card program for U.S.-based Unity loyalty program members. The card enables members to earn Unity Points across Hard Rock's global portfolio of hotels, casinos, cafes, and retail stores.
Cardholders can earn points at different rates: 5X points at non-casino properties, 4X points on non-gaming casino spend, 2X points at restaurants and grocery stores, and 1X points on all other purchases. The program offers a welcome bonus of 10,000 Unity Points for spending $1,000 within 90 days outside Hard Rock properties, and 5,000 Tier Credits with $5,000 annual spend.
Hard Rock has partnered with Comenity Capital Bank, a Bread Financial (NYSE: BFH) subsidiary, for this initiative. The card integrates with the Unity loyalty program, which serves over 200 Hard Rock locations worldwide.
Bread Financial Holdings (NYSE: BFH) has announced its participation in the Goldman Sachs Financial Services Conference 2024. The company's President and CEO Ralph Andretta and EVP/CFO Perry Beberman will engage in a fireside chat on Wednesday, Dec. 11 at 1:40 p.m. ET.
The discussion 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 after the event. Bread Financial is noted as a tech-forward financial services company offering simple, personalized payment, lending and saving solutions.
Bread Financial (NYSE: BFH) announced a $25 million increase to its 2024 share repurchase program, expanding the total authorization from $30 million to $55 million through December 31, 2024. With approximately $19 million remaining from the prior program, the total available repurchase authorization now stands at $44 million. The expanded program aims to offset dilution from employee restricted stock units and allows for open market purchases subject to SEC Rule 10b-18, market conditions, and regulatory approvals.
Bread Financial Holdings (NYSE: BFH) released its October 2024 performance metrics. The company reported end-of-period credit card and other loans of $17.915 billion, down from $18.386 billion in October 2023. The net loss rate slightly improved to 7.9% from 8.0% year-over-year, while the delinquency rate decreased to 6.4% from 6.5%. The company noted that hurricanes Helene and Milton impacted delinquency progression in FEMA-identified zones, which will result in lower Q4 2024 net losses but higher losses in Q2 2025.
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.