Bread Financial Holdings, Inc. 8-K Filings

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.

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.

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. released a May 2026 credit performance update showing modest portfolio growth with improved loss and delinquency metrics versus May 2025.

End-of-period credit card and other loans were $18,363 million, with average loans of $18,169 million, a 2.6% year-over-year increase in average balances. Net principal losses were $108 million with a 6.98% net principal loss rate, compared with $120 million and a 7.97% rate a year earlier. The 30-days-plus delinquency rate was 5.24% on $853 million of delinquent principal, versus 5.71% on $926 million in May 2025. The company notes prior hurricane-related delinquency freezes in late 2024 affected loss patterns in 2024 and 2025.

Bread Financial Holdings, Inc. released a performance update for April 2026, highlighting credit card and other loan trends. End-of-period credit card and other loans were $18,123 million, with average loans of $18,067 million, and average balances rising 2.0% year over year.

Net principal losses were $105 million, resulting in a net principal loss rate of 7.09%, compared with 7.85% a year earlier. As of April 30, 2026, 30-days-plus delinquencies were $859 million on period-end loans of $16,087 million, for a delinquency rate of 5.34% versus 5.73% in April 2025.

Bread Financial Holdings, Inc. created a new class of preferred stock and raised capital through an offering of depositary shares. The company established 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share via a Certificate of Designations that amends its charter. On May 12, 2026, it issued and sold 5,400,000 depositary shares, each representing a 1/40th interest in a Series B preferred share, including 600,000 depositary shares from an underwriters’ option. Holders of the depositary shares receive proportional dividend, voting, redemption and liquidation rights of the Series B preferred stock, and dividend restrictions apply to junior and parity stock if Series B dividends are not declared and funded.

Bread Financial Holdings, Inc. announced the pricing of an underwritten public offering of 4,800,000 depositary shares, each representing a 1/40th interest in its 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per Depositary Share. The company granted underwriters a 30-day option to purchase up to an additional 720,000 Depositary Shares at the same price. Closing is expected on May 12, 2026 and is expected to result in approximately $115,320,000 in net proceeds, which the company intends to use for general corporate purposes, including potentially funding subsidiary Comenity Capital Bank and share repurchases.

Bread Financial Holdings, Inc. announced the launch of an underwritten public offering of depositary shares, each representing a 1/40th interest in its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Each Depositary Share has a liquidation preference of $25, equivalent to $1,000 per share of Series B Preferred Stock.

The company expects to apply to list the Depositary Shares on the NYSE and plans to use net proceeds for general corporate purposes. These may include contributing or lending funds to subsidiary bank Comenity Capital Bank and funding share repurchases. Completion of the offering is subject to market and other conditions.

Bread Financial Holdings, Inc. provided a performance update for its credit card and other loan portfolio as of March 31, 2026, including monthly and quarterly figures. End-of-period credit card and other loans were $18.1 billion, with average balances up modestly year over year.

Net principal losses were $111 million for March and $331 million for the quarter, corresponding to net principal loss rates of 7.23% and 7.33%. The 30+ day delinquency rate was 5.59% on principal of $16.1 billion, compared with 5.93% on $16.4 billion a year earlier, indicating slightly lower delinquency levels.

Bread Financial Holdings reported stronger first quarter 2026 results with higher earnings, loan growth and continued capital returns. Net income was $181 million, up 32% year-over-year, and revenue rose 5% to $1.018 billion. Diluted EPS increased to $4.15 from $2.78.

Credit sales reached $6.5 billion, up 7%, while average loans were $18.3 billion, up 1%. Credit quality improved, with the net loss rate declining to 7.33% and the delinquency rate to 5.59%. Tangible book value per common share grew 26% to $61.57, and the common equity tier 1 capital ratio rose to 13.3%.

The company retired a total of 3.5 million common shares during the quarter and increased its common stock repurchase authorization by $600 million to $690 million. Direct-to-consumer deposits were $8.7 billion, up 10% year-over-year. The Board declared a quarterly cash dividend of $21.56 per preferred share (or $0.539 per depositary share) and $0.23 per common share, both payable on June 15, 2026 to stockholders of record on May 29, 2026.

Bread Financial Holdings, Inc. provided a performance update for February 2026, focusing on credit card and other loan trends. For the month ended February 28, 2026, end-of-period credit card and other loans were $18,081 million and average loans were $18,275 million, with a 1% year-over-year change in average loans.

Credit quality metrics improved versus February 2025. Net principal losses were $108 million with a net principal loss rate of 7.7%, compared with $120 million and 8.6% a year earlier. As of February 28, 2026, 30 days plus delinquencies were $939 million and the delinquency rate was 5.8%, versus $1,027 million and 6.2% as of February 28, 2025.

Bread Financial Holdings, Inc. disclosed that its Board of Directors approved a $600 million increase to the company’s existing share repurchase authorization. The company had $165 million of remaining capacity before this change, bringing the current total share repurchase authorization to $765 million.

The authorization has no expiration date and allows, but does not require, Bread Financial to repurchase its common stock, subject to market conditions, legal and regulatory requirements, and other factors. The Board may suspend or terminate the repurchase plan at any time, so actual repurchases will depend on future decisions.

Bread Financial Holdings, Inc. entered into privately negotiated capped call unwind agreements with the financial institutions that were counterparties to its capped call transactions linked to its 4.25% Convertible Senior Notes due 2028. All of those notes were no longer outstanding as of December 31, 2025, and these new agreements terminate the related capped call transactions in full.

Under the unwind agreements, the option counterparties will deliver a number of Bread Financial common shares to the company, calculated using the average daily volume-weighted average price over one or more unwind periods. The company notes that, if all agreements had hypothetically settled using the February 17, 2026 price, it would have received and retired about 1.5 million shares, though the actual number will vary with share performance. Settlements are expected to complete on or before the end of February 2026, and any shares received will be in addition to, and not counted against, any current or future board-approved share repurchase authorizations.

Bread Financial Holdings, Inc. provided a performance update for January 2026, focusing on credit card and other loan metrics. Average credit card and other loans were $18.531 billion for the month, essentially flat versus $18.530 billion in January 2025.

The net principal loss rate improved to 7.1% from 7.8% a year earlier, with net principal losses declining from $123 million to $111 million. The delinquency rate also edged down to 5.9% as of January 31, 2026, compared to 6.1% as of January 31, 2025, indicating slightly better credit performance.

Bread Financial Holdings, Inc. filed a current report to inform investors that it issued a press release on January 29, 2026. The press release provides a performance update for the company as of and for the period ended December 31, 2025 and is included as Exhibit 99.1.

The company notes that the information in this report, including the press release, is being furnished rather than filed, which limits the legal liabilities associated with it and its automatic incorporation into other securities filings.

Bread Financial Holdings, Inc. reported its fourth-quarter 2025 results by issuing a Q4 2025 earnings press release and financial supplement, and by posting an investor presentation for analysts and investors. These materials are provided as exhibits and on the company’s investor website.

The board also declared a quarterly cash dividend of $26.35 per share on its 8.625% Non-Cumulative Perpetual Preferred Stock, Series A, equivalent to $0.65875 per depositary share, and a quarterly cash dividend of $0.23 per share on common stock. Both dividends are payable on March 16, 2026 to stockholders of record at the close of business on February 27, 2026.

Bread Financial Holdings, Inc. filed a Form 8-K to announce that it issued a press release on December 10, 2025. The press release provides a performance update for the company as of and for the period ended November 30, 2025, giving investors more current operating information between regular quarterly reports.

The press release is included as Exhibit 99.1 to this report, while a cover page interactive data file is included as Exhibit 104. The company states that the information in this report, including the exhibit, is being furnished rather than filed, which limits how it is treated for certain securities law liability and incorporation-by-reference purposes.

Bread Financial Holdings, Inc. created a new class of preferred stock and issued it using depositary shares. The company established its 8.625% Non-Cumulative Perpetual Preferred Stock, Series A, with a par value of $0.01 per share and a liquidation preference of $1,000 per share through a Certificate of Designations that became effective on November 25, 2025, amending its certificate of incorporation.

On November 25, 2025, the company issued and sold 3,000,000 depositary shares, each representing a 1/40th interest in a share of the Series A Preferred Stock. Holders of these depositary shares receive proportional dividend, voting, redemption and liquidation rights of the underlying preferred shares. The terms restrict dividends and certain repurchases on junior or parity stock if dividends on the Series A Preferred Stock are not declared and paid or set aside for the prior dividend period.

Bread Financial Holdings, Inc. announced the pricing of an underwritten public offering of up to 3,000,000 depositary shares, each representing a 1/40th interest in its 8.625% Non-Cumulative Perpetual Preferred Stock, Series A. Each Depositary Share has a liquidation preference of $25, equivalent to $1,000 per share of Series A preferred stock. The company plans to use the net proceeds for general corporate purposes, which may include funding subsidiary Comenity Capital Bank and repurchasing common shares. The Depositary Shares and underlying preferred stock are being issued under an effective Form S-3 shelf registration and a related prospectus supplement.

Bread Financial Holdings, Inc. announced it has launched a public offering of depositary shares, each representing a 1/40th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A. Each depositary share carries a liquidation preference of $25, equivalent to $1,000 per share of Series A preferred stock. The company plans to use the net proceeds for general corporate purposes, which may include contributing or lending funds to its subsidiary bank, Comenity Capital Bank, and repurchasing common shares. The offering is subject to market and other conditions and is being made through a separate prospectus, not through this announcement.

Bread Financial Holdings, Inc. reported that it issued a press release on November 13, 2025 providing a performance update for the period ended October 31, 2025. The company furnished this press release as Exhibit 99.1 to this current report on Form 8-K under a Regulation FD Disclosure item. The company also included a cover page interactive data file as Exhibit 104.

The information in this report and the attached press release is designated as "furnished" rather than "filed" under the securities laws, which affects how it is treated for certain liability and incorporation-by-reference purposes.

Bread Financial Holdings, Inc. closed an offering of $500 million principal amount of 6.750% Senior Notes due 2031. The notes are senior unsecured obligations, initially guaranteed by the Company’s domestic subsidiaries that guarantee its Credit Agreement, with U.S. Bank Trust Company, National Association as trustee.

The notes pay interest at 6.750% per year, semiannually on May 15 and November 15, beginning May 15, 2026, and mature on May 15, 2031. They are callable on or after May 15, 2028 at the Indenture redemption prices; before that date they may be redeemed at 100% plus accrued interest and a make‑whole premium, and up to 40% may be redeemed before May 15, 2028 with net cash proceeds of certain Qualified Equity Offerings.

Upon a Change of Control Triggering Event, holders may require repurchase at 101% of principal plus accrued interest. Covenants limit additional debt, restricted payments and investments, liens, affiliate transactions, mergers, and asset sales. Events of default permit acceleration by the trustee or holders of at least 30% of the notes, with automatic acceleration upon specified Company bankruptcy events.

Bread Financial Holdings (BFH) entered a purchase agreement to sell $500 million of 6.750% senior notes due May 15, 2031 in a private offering under Rule 144A/Reg S. The notes will be issued at par, with expected net proceeds of approximately $493 million, and closing is expected on November 6, 2025, subject to customary conditions.

The company plans to use the proceeds, together with about $275 million of cash on hand, to redeem in full its outstanding 9.750% Senior Notes due 2029, of which $719 million principal is outstanding, including the make‑whole premium. The new notes will be guaranteed by certain subsidiaries. The announcement was accompanied by a Rule 135c pricing press release. The securities will not be registered under the Securities Act and may be offered only pursuant to applicable exemptions.

Bread Financial Holdings (BFH) announced a conditional plan to redeem all of its outstanding 9.750% senior notes due 2029. The company expects the redemption on November 7, 2025, at par plus a make‑whole premium and accrued interest, if a stated financing condition is met.

The redemption is conditioned on completing one or more debt financings that deliver at least $500 million in gross proceeds by 11:00 a.m. New York City time on the Redemption Date. BFH also disclosed it intends to use the net proceeds from a privately placed offering of senior notes, together with approximately $275 million of cash on hand, to redeem in full its 2029 Notes, of which $719 million aggregate principal amount is outstanding. The new offering is subject to market and other conditions and will not be registered under the Securities Act.

Bread Financial Holdings, Inc. (BFH) furnished a Regulation FD disclosure via Form 8-K, noting it issued a press release providing a performance update as of and for the period ended September 30, 2025. The press release is attached as Exhibit 99.1.

The company stated the information in this report, including Exhibit 99.1, is furnished and not filed, is not subject to Section 18 liabilities, and is not incorporated by reference into Securities Act filings except as expressly set forth by specific reference.

Bread Financial (BFH) filed an 8‑K announcing several updates tied to its Q3 2025 communications and capital return plans. The company furnished its Q3 2025 earnings press release and made an investor presentation available for analysts and investors.

The Board declared a quarterly cash dividend of $0.23 per share, payable on December 12, 2025 to stockholders of record as of November 7, 2025. The Board also approved a $200 million increase to the company’s existing share repurchase authorization. The investor presentation and press releases were furnished as exhibits and posted to the company’s website.

Bread Financial Holdings, Inc. filed a Form 8-K to share that it issued a press release on September 9, 2025. The release provides a performance update for the period ended August 31, 2025.

The press release is furnished as Exhibit 99.1 and is designated as Regulation FD disclosure, meaning it is intended to provide broad, fair public access to the performance information but is not treated as "filed" for liability purposes under the Exchange Act.

Bread Financial Holdings, Inc. has authorized a new plan to repurchase up to $200 million of its common stock, as disclosed in a current report. The decision was announced in a press release dated August 27, 2025, which is included as an exhibit to the report. This type of authorization gives the company flexibility to buy back shares over time, which can affect the total number of shares outstanding and the way value is returned to shareholders.

Bread Financial Holdings, Inc. filed a current report to note that on August 22, 2025 it issued a press release announcing the expiration and results of its previously announced cash tender offer. The offer related to up to $150,000,000 in aggregate principal amount of the company’s 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035. The company emphasizes that this communication and the related press release are not an offer to sell or a solicitation to buy these securities in any jurisdiction where such activity would be unlawful.

Bread Financial Holdings, Inc. filed a current report to let investors know it has released a new performance update. On August 15, 2025, the company issued a press release covering its operating performance as of and for the period ended July 31, 2025. The press release is included as Exhibit 99.1 to this report, giving stakeholders a consolidated source for the latest monthly performance information.