Welcome to our dedicated page for BREAD FINANCIAL HOLDINGS SEC filings (Ticker: BFH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bread Financial Holdings, Inc. filings document regulatory disclosures for a consumer financial services company centered on payment, lending and savings products. Recent 8-K reports cover operating results, Regulation FD performance updates, credit card loan metrics, net principal loss and delinquency measures, dividends, share repurchase authority, and capital-structure events involving common stock, preferred stock and depositary shares.
The filing record also includes material agreement disclosures tied to convertible note-related capped call transactions and proxy materials covering shareholder voting, board governance, executive compensation and equity-award information. These documents describe Bread Financial’s public-company governance, securities structure, risk-related operating metrics and capital management activity, including references to subsidiary bank Comenity Capital Bank.
Bread Financial Holdings reported stronger Q2 2026 results, with total net interest and non-interest income of $993 million, up 7% year over year. Provision for credit losses rose to $313 million, but net income grew to $146 million and diluted EPS increased to $3.55 from $2.94. Net interest margin expanded to 18.49% from 17.71% as loan yields benefited from prior pricing actions and lower funding costs.
Credit sales reached $7.5 billion, up 11%, with average credit card and other loans at $18.2 billion, up 3%. Asset quality improved: the net principal loss rate fell to 6.98% from 7.88%, and the reserve rate declined to 11.23% from 11.89%. Direct-to-consumer deposits grew 16% to $9.36 billion, now about half of total funding. The company issued $135 million of 8.875% Series B preferred stock and repurchased 2.8 million common shares for $241 million, leaving $449 million under its authorization. The consolidated CET1 capital ratio was 12.9%.
For 2026, management now expects average credit card and other loans and total net interest and non-interest income to grow low- to mid-single digits versus 2025, net interest margin to be flat to slightly higher, and to deliver positive operating leverage excluding debt repurchase impacts. The outlook assumes a full-year net principal loss rate of 7.0%–7.1% and a normalized effective tax rate of 25%–27%.
Bread Financial Holdings, Inc. provided a June 2026 credit performance update, highlighting credit card and other loans and related loss and delinquency metrics. End-of-period credit card and other loans were $18,477 million, with average loans of $18,357 million for the month and $18,197 million for the quarter ended June 30, 2026.
Net principal losses were $104 million for June and $317 million for the three-month period, corresponding to net principal loss rates of 6.88% and 6.98%, respectively. As of June 30, 2026, 30 days-plus delinquencies totaled $859 million on period-end loans of $16,355 million, producing a delinquency rate of 5.25% versus 5.73% as of June 30, 2025.
Bread Financial Holdings reported Q2 2026 revenue of $993 million, up 7% year over year, and net income of $146 million, up 5%, translating to diluted EPS of $3.55. Credit sales grew 11% to $7.5 billion, average loans reached $18.2 billion, and end-of-period loans rose 5% to $18.5 billion. Direct-to-consumer deposits increased 16% to $9.4 billion, with these deposits representing 50% of total funding. Tangible book value per common share increased 22% year over year to $63.66, and the common equity tier 1 capital ratio was 12.9%.
Credit quality improved, with the delinquency rate declining to 5.25% and the net loss rate to 6.98%. Pretax pre-provision earnings were $510 million, up 14%. The company issued $135 million of 8.875% preferred stock and repurchased 2.8 million common shares for $241 million, retiring 7% of shares since the end of the first quarter. For 2026, management now expects average loan and total revenue growth to be up low- to mid-single digits versus 2025 and has set a full-year net loss rate outlook of 7.0%–7.1%. The board declared a quarterly common dividend of $0.23 per share and quarterly preferred dividends, all payable on September 15, 2026 to stockholders of record on August 31, 2026.
Gerspach John C reported acquisition or exercise transactions in this Form 4 filing.
BREAD FINANCIAL HOLDINGS, INC. director John C. Gerspach received a grant of 730 shares of common stock represented by restricted stock units on July 15, 2026, which will vest on July 15, 2027. Following the award, he beneficially owns 49,574 securities, including 22,235 unrestricted shares and multiple unvested RSU grants. An additional 6,000 common shares are held indirectly through the Gerspach 2020 GST Exempt Trust, for which his spouse serves as trustee.
Bread Financial Holdings, Inc. announced that Executive Vice President and Chief Commercial Officer Valerie Greer intends to retire effective on or around February 19, 2027. Under a Salary Continuation, Release and Retirement Agreement dated July 8, 2026, she will continue to receive her current base salary, benefits and perquisites until that date.
Subject to the agreement’s terms, Greer will receive her full-year 2026 annual cash incentive in early 2027, a cash payment of $945,000 within 30 days after retirement, and certain additional travel, financial and legal service benefits. No new equity awards will be granted, though existing equity will vest on its original schedule. Bread Financial also stated that Dennis McCarthy will become Executive Vice President and Chief Revenue Officer in early September, joining the executive leadership team and reporting to the CEO.
BREAD FINANCIAL HOLDINGS, INC. director Praniti Lakhwara received an equity grant of 1,638 shares of common stock in the form of restricted stock units at no cash cost. These units are scheduled to vest on June 15, 2027, meaning they convert into shares if the vesting conditions are met.
After this grant, Lakhwara beneficially owns a total of 7,260 shares, consisting of 5,622 unrestricted shares and the 1,638 new restricted stock units. This filing reflects a routine compensation-related award rather than an open-market stock purchase or sale.
Natarajan Rajesh reported acquisition or exercise transactions in this Form 4 filing.
Bread Financial Holdings director Natarajan Rajesh received a grant of 1,638 shares of common stock in the form of restricted stock units. The grant carries no purchase price and will vest on June 15, 2027. After this award, his directly held and unit-based beneficial ownership totals 21,442 shares of common stock, including previously granted unrestricted and unvested restricted stock units across multiple prior award dates.
St Clair Joyce reported acquisition or exercise transactions in this Form 4 filing.
BREAD FINANCIAL HOLDINGS, INC. director Joyce St Clair reported receiving a grant of 1,638 shares of common stock in the form of restricted stock units on June 15, 2026. The grant had no cash purchase price and will vest on June 15, 2027.
After this award, St Clair is reported as beneficially owning 11,307 securities in total, consisting of 6,275 unrestricted shares, 3,394 unvested restricted stock units granted on August 15, 2023, and the new 1,638 restricted stock units. This is a compensation-related equity grant rather than an open-market share purchase or sale.
Fawcett John J. reported acquisition or exercise transactions in this Form 4 filing.
BREAD FINANCIAL HOLDINGS, INC. director John J. Fawcett received an equity grant of 1,638 shares of common stock, represented by restricted stock units, at no cash cost on the grant date. These restricted stock units will vest on June 15, 2027.
After this award, he beneficially owns a total of 12,638 shares, consisting of 11,000 unrestricted shares and the new 1,638-share restricted stock unit grant, all held as direct ownership.