A share sale is expected to bring Bread Financial about $120 million after costs if underwriters buy no extra shares.

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 Holdings reported Q3 2026 revenue of $1.02B, up 4.7% YoY, but net income fell 20.2% to $150M and EPS declined 3.5% to $3.82. Credit sales rose 9% to $7.4B, while consumer deposits grew 21% to $9.9B. The company expects 2026 loan growth near 4% and revenue growth near 5%.

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.