Recent Updates — BFH

Bread Financial Holdings priced an underwritten public offering of 5,000,000 depositary shares, each representing a 1/40th interest in its 9.375% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C. The company granted the underwriters an option to purchase up to an additional 750,000 depositary shares at the same price within 30 days. Net proceeds are expected to be approximately $120,162,500 after deducting underwriting discounts and offering expenses, with closing expected on November 3, 2026. Proceeds will be used for general corporate purposes, including lending to its subsidiary bank or share repurchases. Bread Financial is a tech-forward financial services company providing payment, lending, and saving solutions to U.S. consumers.

Bread Financial Holdings released a performance update for the period ended September 30, 2026. End-of-period credit card and other loans totaled $18.85 billion, representing a 6.4% year-over-year increase in average balances. The company reported net principal losses of $92 million for the month, resulting in a net principal loss rate of 5.99%. Delinquency rates (30 days+) stood at 5.57%, down from 6.04% in the prior year period. Bread Financial is a tech-forward financial services company that provides payment, lending, and saving solutions to U.S. consumers.

Bread Financial Holdings reported third-quarter net income of $156 million, a 17% decline from the prior year period which included a $38 million favorable discrete tax item. Pretax pre-provision earnings rose 7% to $530 million, driven by 9% growth in credit sales and strong loan portfolio expansion. The company improved its full-year net loss rate outlook to below 7%, citing better-than-expected delinquency trends. Additionally, the Board declared a quarterly common stock dividend of $0.25 per share, representing a 9% increase from the previous quarter's payout. Bread Financial is a tech-forward financial services company providing payment, lending, and saving solutions to U.S. consumers.

Bread Financial Holdings, Inc. issued a press release on June 10, 2026, providing a performance update for the period ended May 31, 2026. The filing contains no specific financial figures or material changes to operations or capital structure. Bread Financial Holdings, Inc. is a financial services company providing consumer and merchant services.