Strong First Quarter Earnings
Bread Financial reported net income of $138 million and earnings per diluted share of $2.78, reflecting a resilient business model and strategic credit tightening actions.
Successful Capital Structure Optimization
Executed a $400 million subordinated notes offering, improving the total risk-based capital ratio by more than 200 basis points, and completed a $150 million share repurchase program.
Growth in Direct-to-Consumer Deposits
Direct-to-consumer deposits grew to $7.9 billion at the end of the quarter, up 13% year over year.
New Partnerships and Program Renewals
Signed new partners including Crypto.com and renewed programs with existing partners like Academy Sports, showcasing strong pipeline and growth opportunities.