Top Page
Bread Financial Holdings
(NYSE:BFH)
Bread Financial Holdings (BFH) vs. SPDR S&P 500 ETF (SPY)
Bread Financial Holdings Business Overview & Revenue Model
Bread Financial Holdings Earnings Call Summary
Bread Financial Holdings Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.80B | 5.17B | 4.37B | 3.27B | 3.30B |
| Gross Profit | 2.44B | 3.07B | 2.28B | 2.06B | 1.95B |
| EBITDA | 471.00M | 1.08B | 413.00M | 1.17B | 549.00M |
| Net Income | 277.00M | 718.00M | 223.00M | 801.00M | 214.00M |
Balance Sheet | |||||
| Total Assets | 22.89B | 23.14B | 25.41B | 21.75B | 22.55B |
| Cash, Cash Equivalents and Short-Term Investments | 3.85B | 3.59B | 3.99B | 3.11B | 3.08B |
| Total Debt | 5.68B | 5.44B | 8.13B | 7.57B | 8.82B |
| Total Liabilities | 19.84B | 20.22B | 23.14B | 19.66B | 21.03B |
| Stockholders Equity | 3.05B | 2.92B | 2.27B | 2.09B | 1.52B |
Cash Flow | |||||
| Free Cash Flow | 1.86B | 1.99B | 1.78B | 1.46B | 1.83B |
| Operating Cash Flow | 1.86B | 1.99B | 1.85B | 1.54B | 1.88B |
| Investing Cash Flow | -1.17B | 788.00M | -5.11B | -1.69B | 1.77B |
| Financing Cash Flow | -592.00M | -3.09B | 3.27B | 608.00M | -4.17B |
Bread Financial Holdings Technical Analysis
Bread Financial Holdings Risk Analysis
Bread Financial Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.12B | 11.35 | 9.19% | 1.25% | -4.15% | -38.33% | |
79 Outperform | $1.97B | 5.44 | 18.75% | 3.56% | 8.41% | 34.76% | |
78 Outperform | $3.01B | 12.74 | 21.56% | ― | 23.42% | 59.17% | |
73 Outperform | $1.01B | 4.78 | 14.86% | 5.07% | 3.11% | 95.40% | |
68 Neutral | $18.06B | 11.97 | 10.24% | 3.74% | 9.75% | 1.30% | |
67 Neutral | $1.92B | 26.05 | 5.50% | ― | 7.54% | 70.26% | |
52 Neutral | $2.42B | ― | -3.79% | 4.57% | -38.81% | -425.73% |
Bread Financial Holdings Corporate Events
On August 27, 2025, Bread Financial Holdings announced that its Board of Directors has approved a plan to repurchase up to $200 million of its common stock. The initiative is part of the company’s strategy to strengthen its capital position and return value to shareholders, though the repurchase is subject to market conditions and regulatory approvals.
On August 22, 2025, Bread Financial Holdings announced the expiration and results of its cash tender offers for its 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035. The tender offers, which expired on August 21, 2025, involved a total of $150,000,000 in aggregate principal amount, with $31,288,000 of the 2029 Notes and $121,000 of the 2035 Notes tendered. The results of these offers reflect Bread Financial’s strategic financial management and may impact its debt profile and market positioning.
On August 15, 2025, Bread Financial Holdings, Inc. released a performance update for the period ending July 31, 2025. The update highlighted a decrease in both net loss and delinquency rates compared to the previous year, with the net loss rate dropping from 8.0% to 7.6% and the delinquency rate falling from 6.2% to 5.8%. These improvements suggest a positive impact on the company’s financial health and may enhance its competitive positioning in the financial services industry.
On August 7, 2025, Bread Financial Holdings announced the early tender results of its cash tender offer for its 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035. The company reported that $28,402,000 of the 2029 Notes and $121,000 of the 2035 Notes were tendered by the early participation date. The settlement for these notes is expected on August 11, 2025, with total consideration provided for valid tenders. This move is part of Bread Financial’s strategic financial management, potentially impacting its debt structure and market positioning.
On July 24, 2025, Bread Financial Holdings announced a cash tender offer to repurchase up to $150 million of its 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035. This strategic financial move aims to manage the company’s debt profile and potentially improve its financial stability. The tender offers, which include an early participation incentive, are set to expire on August 21, 2025, and are conducted through a modified Dutch Auction procedure, allowing note holders to specify their minimum acceptable bid prices.
On July 24, 2025, Bread Financial Holdings announced its second quarter 2025 financial results, reporting a net income of $139 million and a 7% increase in tangible book value per common share. The company declared a quarterly cash dividend of $0.21 per share, payable on September 12, 2025. Despite a slight decrease in average loans due to softer consumer spending, the company saw a 4% increase in credit sales year-over-year. Bread Financial completed a $150 million share repurchase program and a tender offer for senior notes, reflecting its commitment to operational excellence and shareholder value. The company also extended its partnership with Caesars Entertainment, launching a new rewards credit card. The outlook for 2025 anticipates stable consumer financial health, with expectations of flat to slightly down average loan growth and relatively flat total revenue compared to 2024.
On July 24, 2025, Bread Financial Holdings reported its performance update for the period ending June 30, 2025. The company experienced a slight year-over-year decrease in average credit card and other loans by 1%, with net principal losses amounting to $348 million and a net loss rate of 7.9%. The delinquency rate improved from 6.0% in 2024 to 5.7% in 2025. The impact of hurricanes Helene and Milton in 2024 led to a temporary freeze on delinquency progression, affecting the net principal losses and net loss rate in the second quarter of 2025.
On June 11, 2025, Bread Financial Holdings, Inc. released a performance update for May 2025, highlighting a year-over-year decrease in average credit card and other loans by 1%, with net principal losses at $120 million and a net loss rate of 8.0%. The company noted that actions taken in response to hurricanes Helene and Milton in 2024, which included freezing delinquency progression for affected cardholders, resulted in lower net principal losses and net loss rates in the fourth quarter of 2024, but are expected to negatively impact these metrics in the second quarter of 2025.
On June 5, 2025, Bread Financial Holdings announced the early tender results of its cash tender offer for its 9.750% Senior Notes due 2029. The company reported that approximately $536,786,000 in aggregate principal amount of the notes had been validly tendered by the early participation date, exceeding the $150,000,000 tender cap. As a result, no further notes will be accepted after the early participation date, and the settlement is anticipated to occur on June 9, 2025. This move is part of Bread Financial’s strategic financial management, potentially impacting its debt structure and financial obligations.