BREAD FINANCIAL HOLDINGS, INC. (BFH) Form 10-Q — Apr 27, 2026
Bread Financial reported strong first-quarter 2026 results, with net income increasing 32% to $181 million and diluted EPS rising 50% to $4.15 compared to the prior year. The company benefited from higher net interest income and improved credit quality, as the net principal loss rate declined to 7.33% from 8.16%, while the CET1 capital ratio strengthened to 13.3%. The company actively returned capital to shareholders, repurchasing $150 million of common stock and retiring 1.5 million shares from the termination of capped call transactions. Additionally, Bread Financial repurchased $50 million of its 8.375% subordinated notes due 2035, further optimizing its capital structure.
Key figures
- Eps
- 4.15
- Revenue
- 1018
- Net Income
- 181
- Total Assets
- 22308
- Cash Position
- 3637
- Shares Outstanding
- 40407065
- Credit Sales
- 6510
- Average Loans
- 18283
- Net Interest Margin
- 19.25%
- Net Principal Loss Rate
- 7.33%
- Provision For Credit Losses
- 303
- Common Equity Tier1 Capital Ratio
- 13.3%
- Return On Average Tangible Common Equity
- 27.4%
Price after filing
Close on the filing date to close N calendar days later (from $88.00). Historical, not a forecast.
AI analysis
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