Bread Financial 3Q 2026: Revenue $1.02B, EPS $3.82— 10-Q Summary

Bread Financial Holdings priced 5M depositary shares of its 9.375% Series C Preferred stock at $25 each, raising about $120.2M. Underwriters have a 30-day option for additional shares. The company plans to use the net proceeds for general corporate purposes, according to the release.

Bread Financial (BFH) priced a public offering of 5M depositary shares, expecting $120M after costs. Proceeds will fund general corporate purposes, including lending to subsidiary Comenity Capital Bank and share repurchases. The offering is set to close on November 3, 2026, subject to conditions.

Bread Financial (BFH) shares fell 3% after reporting Q3 2026 results with a net interest margin of 18.9%, below analyst forecasts. Revenue met expectations at $1.02B, and adjusted earnings were $3.84 per share. Management expects margin compression in Q4 and flat to slightly down margins in 2027. The stock recovered slightly to $99.81, down 2.6% from the previous close.

Bread Financial Holdings (BFH) reported Q3 2026 earnings with loans growing 7% to $18.9B and credit sales up 9%. Net loss rate improved to 6.40%, but net income fell 17% to $156M. Consumer deposits rose 21% to $9.9B. The company renewed agreements with key partners and received a credit rating upgrade. Management expects modest NIM compression and higher expenses in Q4, with minimal share repurchases. Long-term growth targets remain unchanged.

Bread Financial (BFH) reported a 60 basis point decline in reserve rate to 11.12% YoY. 64% of cardholders have a prime score above 650. The company tightened its 2026 net loss rate forecast to 6.9%-7.0%. It renewed partnerships with Signet Jewelers and Sephora. Consumer deposits rose 21% YoY to $9.9B. BFH expects 4% loan growth and 5% revenue growth for 2026, with net interest margin slightly higher than 2025.

Bread Financial (BFH) reported Q3 2026 earnings, highlighting improved credit metrics, renewed partnerships, and a successful bank merger. The company raised its full-year net loss rate guidance to below 7%. Revenue increased 5% YoY to $46M, with net income at $156M. The company also announced a 9% dividend increase and $75M in stock repurchases. Consumer deposits grew 21% to $9.9B, and tangible book value per share rose 19% YoY.