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Bread Financial Holdings (BFH)
NYSE:BFH
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.34Last Year’s EPS
$0.9Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 23.47%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Bread Financial's efforts to strengthen its capital position and reduce debt, while also acknowledging challenges such as declining revenue and increased net loss rates. Despite strategic partnerships and tangible book value growth, the financial results were impacted by moderating consumer spend and expenses from convertible notes repurchase.Company Guidance
During the third quarter 2024 earnings call, Bread Financial provided guidance emphasizing responsible growth and strategic capital allocation. The company repurchased $262 million of convertible notes, which impacted GAAP results, but highlighted adjusted metrics such as $93 million in adjusted net income and adjusted diluted earnings per share of $1.83. The common equity Tier 1 capital ratio increased by 40 basis points year-over-year to 13.3%, and tangible book value per share grew by 12% year-over-year to $47.48. Bread Financial also reported a positive shift in its funding mix, with direct-to-consumer deposits accounting for 41% of average funding, up from 35% the previous year. Despite a 3% year-over-year decrease in credit sales to $6.5 billion, the company maintained a focus on mitigating potential impacts from regulatory changes, including the CFPB's rule on credit card late fees, and expressed confidence in achieving long-term financial objectives.Successful Debt Reduction
Bread Financial repurchased $262 million of convertible notes, reducing parent debt by 62% over the last three years and improving the double leverage ratio to well below the target of less than 115%.
Strong Capital Position
The common equity Tier 1 capital ratio increased 40 basis points year-over-year to 13.3%, demonstrating financial resilience.
New Partnerships
Completed the portfolio acquisition and launch of the Saks Fifth Avenue credit card and launched the Hard Rock credit card program, expanding the product suite and partner base.
Tangible Book Value Growth
Tangible book value per share increased 12% year-over-year to $47.48.
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BFH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $50.83 | $49.88 | -1.87% |
| Jul 25, 2024 | $49.91 | $51.91 | +4.01% |
| Apr 25, 2024 | $35.06 | $36.17 | +3.17% |
| Jan 25, 2024 | $29.92 | $32.01 | +6.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bread Financial Holdings (BFH) report earnings?
Bread Financial Holdings (BFH) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Bread Financial Holdings (BFH) earnings time?
Bread Financial Holdings (BFH) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFH EPS forecast?
BFH EPS forecast for the fiscal quarter 2024 (Q4) is $0.34.
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