Bread Financial Holdings (BFH)
NYSE:BFH
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.67Last Year’s EPS
3.14Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture: solid top-line momentum (7% credit sales growth), an inflection to loan growth, improving credit metrics, stronger margins and robust capital and liquidity positions. Offsetting items include pressure on noninterest income from higher retailer share arrangements (with an expected ~$40 million Q2 headwind), reduced billed late fees as delinquencies improve, ongoing investment-driven expense increases, and macroeconomic uncertainty (notably fuel prices and low consumer sentiment). On balance the operational progress, capital generation and improving credit trends outweigh the near-term income headwinds and cautious guidance.Company Guidance
Revenue and Profitability
Q1 revenue of $1.0+ billion increased $48 million, or 5% year over year; net income of $181 million and diluted EPS of $4.15.
Strong Credit Sales and Loan Growth
Credit sales grew 7% year over year to $6.5 billion; average loans increased 1% to $18.3 billion and end-of-period loans rose 2% to $18.1 billion, marking an inflection to positive loan growth.
Improving Credit Metrics
Delinquency rate improved to 5.59% (down 34 bps YoY, down 16 bps sequentially); net loss rate improved to 7.33% (down 83 bps YoY, down 10 bps sequentially); reserve rate improved 73 bps YoY to 11.46%.
Capital Generation and Shareholder Returns
Tangible book value per common share increased 26% to $61.57; company retired 3.5 million shares (≈8% of shares at YE 2025) during the period and completed additional retirements in the quarter; remaining share repurchase authorization of $690 million.
Liquidity and Funding Strength
Direct-to-consumer deposits increased 10% YoY to $8.7 billion and comprised 48% of average funding (up from 43% a year ago); deposits made up 78% of total funding; total liquid assets plus undrawn facilities of $6.4 billion (~29% of total assets).
Net Interest Income, Margin and PPNR
Total net interest income increased 6% YoY; net interest margin improved to 19.3% (up YoY and sequentially); PPNR increased $53 million, or 11% YoY.
Capital Ratios and Balance Sheet Optimization
Common equity Tier 1 (CET1) ratio strengthened to 13.3% (up 130 bps YoY), benefitting ~340 bps from core earnings; total loss-absorption capacity (tangible common equity + credit reserves) was 25.5% of total loans.
Product and Partnership Expansion
Launched new co-brand and installment relationships with Ford and Ethan Allen; expanded Bread Pay/installment offerings with AAA, Dell and Ford; comprehensive payment suite with Academy Sports; continued growth in home, health & beauty, jewelry, and travel & entertainment verticals.
Operational and Technology Investments
Ongoing investments in digital, technology and AI to drive operational efficiency, underwriting, loyalty and risk management with a disciplined value-tracking framework.
BFH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $92.44 | $92.12 | -0.35% |
Jan 29, 2026 | $68.00 | $72.82 | +7.08% |
Oct 23, 2025 | $60.15 | $65.03 | +8.13% |
Jul 24, 2025 | $63.55 | $60.38 | -4.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bread Financial Holdings (BFH) report earnings?
Bread Financial Holdings (BFH) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Bread Financial Holdings (BFH) earnings time?
Bread Financial Holdings (BFH) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFH EPS forecast?
BFH EPS forecast for the fiscal quarter 2026 (Q2) is 2.67.