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, INC. (BFH) reported initial equity holdings for executive vice president and chief revenue officer Dennis James McCarthy. He beneficially owns a total of 29,530.52 shares of common stock, including unrestricted shares and multiple tranches of unvested restricted stock units with staggered vesting dates through February 17, 2029.
Bread Financial Holdings, Inc. (BFH) reports that it has received all required regulatory approvals to merge Comenity Bank with and into Comenity Capital Bank, with Comenity Capital Bank as the surviving entity. The company currently expects to complete this Bank Merger on or around October 1, 2026, subject to expiration of applicable waiting periods and remaining customary conditions.
The Bank Merger is stated as not expected to have a significant impact on BFH’s consolidated financial position, results of operations, or liquidity. In connection with the merger, BFH entered into Amendment No. 2 to its Credit Agreement, which principally provides an exception to certain covenants so the Bank Merger is permitted, while keeping the core terms of the company’s $700 million senior unsecured revolving credit facility unchanged.
Bread Financial Holdings, Inc. reported July 2026 credit portfolio metrics for its credit card and other loans. For the month ended July 31, 2026, average credit card and other loans were $18,449 million, with end-of-period credit card and other loans of $18,543 million, and a year-over-year increase in average loans of 4.9%.
Net principal losses for July 2026 were $106 million, resulting in a net principal loss rate of 6.80%, improved from 7.63% in July 2025 on $114 million of net principal losses. As of July 31, 2026, 30+ day delinquencies were $876 million on period-end credit card and other loans principal of $16,378 million, producing a delinquency rate of 5.35% versus 5.82% a year earlier.
Turtle Creek Asset Management Inc. filed an amended Schedule 13G reporting its beneficial ownership of common stock of Bread Financial Holdings, Inc. as of June 30, 2026. Turtle Creek reports beneficial ownership of 1,310,339 shares, representing 3.2% of the outstanding common stock. It has sole voting power and sole dispositive power over all reported shares, with no shared voting or dispositive power. The shares are held for unit holders of mutual funds managed by Turtle Creek, and no underlying investor is known to hold more than 5% of the class.
Bread Financial Holdings, Inc. director Praniti Lakhwara sold 2,802 shares of common stock on July 28, 2026 at $106.12 per share in an open-market or private transaction. After this sale, she directly holds 4,458 shares of Bread Financial common stock. The Rule 10b5-1 trading-plan checkbox was not marked.
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.