BREAD FINANCIAL HOLDINGS, INC. — Form 8-K
Filed October 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Bread Financial reported Q3 2026 net income of $156M (down 17% YoY due to a prior-year tax benefit), with credit sales up $600M to $7.4B (+9%), average loans up 6% to $18.6B, and consumer deposits surging $1.7B to $9.9B (+21%). Net loss rate improved 99 bps to 6.40%, delinquency rate fell 47 bps to 5.57%, and tangible book value per share grew 19% to $66.95. The company repurchased $75M of common stock and increased the quarterly dividend 9% from $0.23 to $0.25/share. Full-year 2026 net loss rate guidance improved to below 7.0%, and Moody's upgraded the company to Ba1.
Why this rating
Strong operational performance (loan/deposit growth, credit improvement) relative to ~$2.7B market cap; ordinary quarterly dividend increase; capital deployment routine. No transformational event or material M&A.
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