Highest-materiality recent filing
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 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 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 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 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 authorizes $200M share repurchase program
Board authorized a plan to repurchase up to $200 million in common stock; no expiration date set.
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 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.
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.
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 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 Q3 2024 adj. EPS $1.83, revenue $983M; declares $0.21 dividend
Adjusted net income $93M (adj. diluted EPS $1.83); GAAP net income $2M ($0.05 EPS) from $91M post-tax convertible note charge.
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.
Max materiality 0.75 · Median 0.57 · Most common event other_material