Highest-materiality recent filing
Valerie Greer, EVP and Chief Commercial Officer, to retire effective February 19, 2027, after nearly four decades in financial services.
Bread Financial May 2026 credit metrics improve: loss rate 6.98%, delinquency 5.24%
Net principal loss rate for May 2026 was 6.98%, down from 7.97% in May 2025.
Bread Financial stockholders elect all nine director nominees; Roger Ballou retires
All nine director nominees elected with overwhelming support; broker non-votes ~3.55M.
Bread Financial April 2026 net charge-off rate improves to 7.09% from 7.85% YoY
Net principal losses of $105M vs $114M in April 2025; loss rate 7.09% vs 7.85%.
Bread Financial raises $135M through 8.875% Series B preferred stock issuance
Issued 5,400,000 depositary shares (each 1/40th interest in Series B Preferred) at $1,000 liquidation preference per share, raising ~$135M.
Bread Financial prices $115M preferred stock offering at 8.875% dividend rate
Pricing of 4,800,000 depositary shares representing Series B 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock at $25/share.
Bread Financial launches public offering of Series B Preferred Stock depositary shares
Offering of depositary shares, each representing 1/40th interest in Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
Bread Financial Q1 net income $181M; revenue up 5%, loan growth 2% YoY
Net income of $181M; tangible book value per common share +26% YoY.
Bread Financial March 2026 net principal loss rate 7.23%, delinquency improves to 5.59%
Net principal loss rate of 7.23% for March 2026 (month); 7.33% for Q1 2026.
Bread Financial Feb 2026 net loss rate drops to 7.7% from 8.6% YoY; delinquency to 5.8%
Net principal loss rate improved to 7.7% vs 8.6% YoY; losses fell 10% to $108M.
Bread Financial Increases Share Repurchase Authorization by $600 Million
Board approved $600 million increase to existing share repurchase authorization, bringing total to $765 million.
Bread Financial terminates capped calls; expects to retire ~1.5M shares
Termination agreements for capped call transactions linked to 4.25% convertible notes due 2028; no notes outstanding as of Dec 2025.
Bread Financial's Jan 2026 net principal loss rate improves to 7.1% from 7.8% YoY
Net principal loss rate: 7.1% in Jan 2026 vs 7.8% in Jan 2025.
Bread Financial FY2025 net income $518M; returns $350M to shareholders, raises dividend 10%
Full-year net income $518M; tangible book value per share up 23% YoY.
Bread Financial reports Dec 2025 net loss rate 7.4%, delinquency rate 5.8%
End-of-period credit card and other loans $18,805M as of Dec 31, 2025.
Bread Financial Nov 2025 net loss rate 7.4% vs 8.0% YoY; delinquencies improve
End-of-period credit card loans $18.1B, average $17.8B, both down ~1% YoY.
Issued 3M depositary shares of 8.625% Non-Cumulative Perpetual Preferred (Series A) for $75M liquidation.
Bread Financial prices $75M preferred stock offering; net proceeds ~$72.6M
Offering of 3,000,000 depositary shares at $25/share, each representing 1/40th interest in 8.625% Series A Preferred Stock.
Bread Financial launches public offering of depositary shares for Series A Preferred Stock
Depositary shares each represent a 1/40th interest in Series A Preferred Stock with $25 liquidation preference per depositary share.
Bread Financial October 2025 credit metrics improve: net loss rate 7.5%, delinquency 6.1%
Net loss rate fell to 7.5% in Oct 2025 from 7.9% a year ago; net principal losses $112M vs $120M.
Bread Financial issues $500M 6.750% Senior Notes due 2031
$500M principal of 6.750% Senior Notes due 2031, issued Nov 6, 2025.
$500M aggregate principal of 6.750% senior notes due 2031 priced at 100%; net proceeds ~$493M.
Bread Financial issues $500M senior notes, plans to redeem $719M 9.75% notes
Conditional redemption of $719M aggregate principal 9.750% senior notes due 2029 on Nov 7, 2025, at par plus make-whole premium.
Bread Financial increases dividend 10% to $0.23/share and adds $200M to buyback authorization
Quarterly dividend raised to $0.23 per share from $0.21, a 10% increase.
Bread Financial reports Sep 2025 net loss rate 6.9%; delinquency rate improves to 6.0%
End-of-period credit card and other loans $17.66B; average loans down 2% YoY for month.
Bread Financial reports August 2025 net loss rate 7.6% vs 7.8% YoY; delinquency rate 5.8% vs 6.2%
Net loss rate improved to 7.6% in Aug 2025 from 7.8% in Aug 2024; net principal losses $113M vs $118M.
Bread Financial authorizes $200M share repurchase program
Board authorized a plan to repurchase up to $200 million in common stock; no expiration date set.
Bread Financial completes cash tender offers; $31.4M total principal accepted
Tender offers expired Aug 21, 2025; $31,288,000 of 2029 Notes and $121,000 of 2035 Notes tendered.
Bread Financial Jul 2025 net loss rate 7.6% (down 40 bps YoY); delinquency rate 5.8% (down 40 bps)
Net loss rate of 7.6%, down from 8.0% in July 2024; net principal losses of $114M vs $120M.
Bread Financial reports early tender of $28.4M of 2029 notes and $121K of 2035 notes
$28.4M of 9.750% Senior Notes due 2029 tendered early; consideration $1,070/$1,000 principal plus accrued interest.
Bread Financial launches $150M cash tender for 2029 senior and 2035 subordinated notes
Up to $150M total: $100M for 9.750% Senior Notes due 2029 and $50M for 8.375% Subordinated Notes due 2035.
Bread Financial announces Q2 2025 results and declares $0.21 quarterly dividend
Quarterly cash dividend of $0.21/share declared, payable Sept 12, 2025 to holders of record Aug 8, 2025.
Bread Financial reports June 2025 net loss rate 7.8%, Q2 rate 7.9%; delinquency improves to 5.7%
Net loss rate for June 2025: 7.8%; for Q2 2025: 7.9%; net principal losses $113M and $348M respectively.
Bread Financial May 2025 net loss rate 8.0% vs 8.8% YoY; delinquencies 5.7% vs 5.9%
Net principal losses $120M in May 2025 vs $133M in May 2024.
BFH early tender results: $537M notes tendered, $150M accepted at $1,071.25/$1k
As of June 4, 2025, approx. $536.8M of 9.750% Senior Notes due 2029 were tendered, exceeding the $150M Tender Cap.
Bread Financial launches up to $150M cash tender offer for 9.75% Senior Notes due 2029
Offers to repurchase up to $150M of its $900M outstanding 9.750% Senior Notes due Mar 2029 via modified Dutch auction.
Bread Financial annual meeting elects all 10 directors, approves say-on-pay and auditor
88.69% of shares represented (42.85M of 48.32M outstanding) at May 13, 2025 virtual meeting.
Bread Financial April credit metrics improve: net loss rate 7.8%, delinquency 5.7%
Net loss rate fell to 7.8% in April 2025 from 8.6% a year earlier; principal losses $114M vs $127M.
Bread Financial Q1 net income $138M; credit sales up 1% YoY; new Crypto.com card partnership
Net income of $138M; tangible book value per share rose to $48.92.
Net loss rate for March 2025: 8.1%; Q1 2025 average: 8.2%.
Bread Financial Feb 2025 net loss rate 8.6% vs 8.9% YoY; delinquency rate 6.2% vs 6.7%
Net principal losses $120M, down from $131M in Feb 2024.
Bread Financial issues $400M of 8.375% subordinated notes due 2035
$400M principal amount of 8.375% Fixed-Rate Reset Subordinated Notes due 2035.
Bread Financial prices $400M 8.375% subordinated notes due 2035
$400M aggregate principal, 8.375% fixed-rate reset, due June 15, 2035; priced at par.
Bread Financial authorizes $150M buyback and $400M subordinated notes offering
Board approved up to $150M share repurchase program; no expiration date set.
Bread Financial Jan 2025: net loss rate 7.8% (down from 8.0%), delinquency 6.1% (down from 6.8%)
Net loss rate for January 2025 was 7.8%, compared to 8.0% in January 2024.
Bread Financial Q4 2024 net income $7M; full year adjusted EPS $7.55; dividend $0.21
Q4 2024 net income $7M ($0.14 diluted EPS); adjusted net income $20M ($0.40 adjusted diluted EPS).
Bread Financial Q4 net loss rate 8.0%, delinquency improves to 5.9%
Net loss rate of 8.0% for Q4 2024; net principal losses $367M.
Bread Financial redeems all outstanding 7.000% notes due 2026
Company will redeem all outstanding 7.000% senior notes due 2026 on Jan 15, 2025 at par plus accrued interest.
Bread Financial Nov 2024: net loss rate 8.0% (7.9% YoY), delinquencies 6.2% (6.5% YoY)
Net loss rate 8.0% for Nov 2024 vs 7.9% for Nov 2023; net principal losses $118M vs $120M.
Bread Financial expands 2024 share repurchase program by $25M to $55M total
Board approved $25M increase to 2024 buyback, raising authorization from $30M to $55M through Dec 31, 2024.
On June 10, 2024, the Board of Directors (the “ Board ”) of Bread Financial Holdings, Inc. (the “ Company ”) voted to increase the size of the Board to ten directors and appointed Praniti Lakhwara as a director and member of the Risk & Technology Committee, all effective as of June 10, 2024.
On July 10, 2023, the Board of Directors (the “ Board ”) of Bread Financial Holdings, Inc. (the “ Company ”) voted to expand the size of the Board to eight directors and appointed Joyce St. Clair as a director and member of each of the Risk Committee and the Compensation & Human Capital Committee, all effective as of July 10, 2023.
On February 23, 2023, Karin J. Kimbrough, who currently serves as a member of the Board of Directors (the “Board”) of Bread Financial Holdings, Inc. (the “Company”) and the Board’s Compensation & Human Capital Committee and Risk Committee, informed the Company of her decision not to stand for re-election at the Company’s 2023 Annual Meeting of Stockholders, at which time her term as a director and committee member will expire.
appointed J. Bryan Campbell as Senior Vice President and Chief Accounting Officer of ADS, effective November 8, 2021.
Mr. Campbell will succeed Laura Santillan, who, in connection with the Separation, has become Senior Vice President and Chief Accounting Officer of Loyalty Ventures.
Max materiality 0.75 · Median 0.60 · Most common event other_material