BREAD FINANCIAL HOLDINGS, INC. (BFH) Form 8-K — Oct 22, 2026
Bread Financial (NYSE: BFH) reported strong Q3 2026 results with revenue of $1,017 million (+5% YoY), net income of $156 million, and diluted EPS of $3.82. Credit sales grew 9% to $7.4 billion, end-of-period loans rose 7%, and consumer deposits jumped 21% to $9.9 billion. Credit quality continued improving, with the delinquency rate down 47 bps to 5.57% and the net loss rate down 99 bps to 6.40%; management raised full-year 2026 net loss rate guidance to below 7% for the second consecutive quarter. Capital return stepped up: the Board raised the quarterly common dividend 9% to $0.25 per share, and the company repurchased $75 million of common stock plus $24 million of subordinated debt.
Key figures
- Eps
- 3.82
- Revenue
- 1017000000
- Guidance
- FY2026: average loans up ~4%, revenue up ~5%, net loss rate below 7.0%, normalized effective tax rate 25-27%; positive operating leverage expected
- Net Income
- 156000000
- Revenue Yoy
- 5%
- Total Assets
- 23291000000
- Cash Position
- 3961000000
- Shares Outstanding
- 38000000
- Roe
- 17.7%
- Rotce
- 23.6%
- Buyback
- $75 million / 0.7 million shares
- Ppnr 3q26
- $531 million (+7% YoY)
- Cet1 ratio
- 13.1%
- Adjusted eps
- 3.84
- Credit sales
- $7.4 billion (+9% YoY)
- Reserve rate
- 11.12% (-60 bps YoY)
- Average loans
- $18.6 billion (+6% YoY)
- Net loss rate
- 6.40% (-99 bps YoY)
- Moodys upgrade
- Ba1 from Ba2
- Common dividend
- $0.25/share (+9%)
- Debt repurchase
- $24 million subordinated debt
- Delinquency rate
- 5.57% (-47 bps YoY)
- Consumer deposits
- $9.9 billion (+21% YoY)
- End of period loans
- $18.9 billion (+7% YoY)
- Net interest margin
- 18.89%
- Book value per share
- $85.23 (+18% YoY)
- Tangible book value per share
- $66.95 (+19% YoY)
AI analysis
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