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Bread Financial Holdings (BFH)
NYSE:BFH
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.21Last Year’s EPS
2.73Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -5.93%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted the addition of significant brand partners and strong partner growth, as well as improvements in capital levels and operating leverage. However, it also revealed challenges such as decreased credit sales and loans, a decline in revenue, concerns over net loss rates, and lower net interest income.Company Guidance
During Bread Financial's Q4 2024 earnings call, the company provided various financial metrics as part of its guidance. For the year 2024, Bread Financial reported credit sales of $27 billion, a decrease of 7%, and average loans of $18.1 billion, a decrease of 1%. Revenue stood at $3.8 billion, down by 11% from 2023. The company achieved an adjusted diluted EPS of $7.60 for the full year. In Q4, Bread Financial repurchased $44 million in convertible notes and $44 million of common shares, ending the quarter with $7.7 billion in direct-to-consumer deposits. The tangible book value per share increased by 7% year-over-year to $46.97, and the CET1 capital ratio rose 20 basis points to 12.4%. Looking ahead to 2025, the company anticipates flat average loans but a slight increase in year-end loans, with total revenue growth projected to be up in the low single digits. They expect a net loss rate between 8.0% to 8.2% and plan for a normalized effective tax rate of 25% to 26%. The company remains focused on operational excellence and technology advancements to maintain positive operating leverage, despite macroeconomic uncertainties.Addition of Iconic Brand Partners
Bread Financial added iconic partners like Hard Rock International, HP, and Saks Fifth Avenue, along with seven renewals in 2024, securing more than 85% of loans through 2026 and nine out of the top 10 programs through at least 2028.
Improved Capital Levels
Bread Financial improved capital levels, reduced parent-level debt by 50%, and achieved a double leverage ratio target of below 115%. Tangible book value per share increased 7% year-over-year.
Positive Operating Leverage
Due to expense discipline and efficiency gains, Bread Financial delivered on its positive operating leverage goal with lower expenses than originally forecasted for 2024.
Strong Partner Growth
Year-over-year positive fourth-quarter credit sales growth in categories such as beauty, sporting goods, and retail apparel, with improvement in millennial and Gen Z sales.
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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 |
|---|---|---|---|
| Jan 30, 2025 | $63.43 | $63.49 | +0.09% |
| Oct 24, 2024 | $50.66 | $49.71 | -1.88% |
| Jul 25, 2024 | $49.74 | $51.73 | +4.00% |
| Apr 25, 2024 | $34.94 | $36.05 | +3.18% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Bread Financial Holdings (BFH) earnings time?
Bread Financial Holdings (BFH) earnings time is at Apr 24, 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 2025 (Q1) is 2.21.
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