Bread Financial Q3 net income $134M, EPS $2.69; revenue up 15% YoY to $979M

BREAD FINANCIAL HOLDINGS, INC.

2022-Q3 EPS reported $7.15

Average loan growth of 14% YoY; credit sales growth of 4% impacted by card processing transition and fuel price spike.
Quarter-end delinquency rate 5.7%, net loss rate 5.0% as credit normalization continues.
New long-term credit card relationship with World Market; Marqeta partnership for in-store virtual payments.
Board declares $0.21 quarterly dividend, payable Dec 16, 2022 to holders of record Nov 14, 2022.
FY2022 guidance: low-double-digit loan growth, net loss at high end of 5% range, positive operating leverage.

item 2.02 item 7.01 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BREAD FINANCIAL HOLDINGS, INC. reported third quarter ended September 30, 2022 results: revenue $979 million, net income $134 million, EPS $2.69. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $979 million
Net income: $134 million
EPS: $2.69
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced financial results for the third quarter ended September 30, 2022. Third quarter net income was $134 million, or $2.69 per diluted share. Total third quarter revenue was $979 million, up $128 million, or 15%, versus the third quarter of 2021.

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Source: SEC EDGAR

accession 0001101215-22-000148

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