NYSE : BFH
Bread Financial Holdings, Inc. — Financial statements
Financials · Credit Services · United States
Last price 103.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.93B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 4.88B | 4.74B | 4.82B | 4.96B | 4.62B | 3.86B |
| Interest Income on Investments | 152.00M | 173.00M | 204.00M | 184.00M | 69.00M | 7.00M |
| Total Interest Income | 5.03B | 4.91B | 5.02B | 5.14B | 4.68B | 3.87B |
| Interest Paid on Deposits | 557.00M | 554.00M | 608.00M | 541.00M | 243.00M | 167.00M |
| Interest Paid on Borrowings | 228.00M | 300.00M | 352.00M | 338.00M | 260.00M | 216.00M |
| Total Interest Expense | 785.00M | 854.00M | 960.00M | 879.00M | 503.00M | 383.00M |
| Net Interest Income | 4.25B | 4.06B | 4.06B | 4.27B | 4.18B | 3.48B |
| Gain (Loss) on Sale of Assets | 3.00M | 3.00M | 11.00M | 230.00M | 10.00M | |
| Gain (Loss) on Sale of Investments | -6.00M | -44.00M | 2.00M | |||
| Other Non-Interest Income | -249.00M | -216.00M | -237.00M | -201.00M | -311.00M | -225.00M |
| Total Non-Interest Income | -246.00M | -213.00M | -226.00M | 23.00M | -355.00M | -213.00M |
| Revenues Before Loan Losses | 4.00B | 3.85B | 3.84B | 4.29B | 3.83B | 3.27B |
| Provision for Loan Losses | 1.31B | 1.24B | 1.40B | 1.23B | 1.59B | 544.00M |
| Revenue | 2.69B | 2.60B | 2.44B | 3.06B | 2.23B | 2.73B |
| Salaries and Employee Benefits | 844.00M | 824.00M | 843.00M | 823.00M | 746.00M | 642.00M |
| Occupancy Expenses | 74.00M | 80.00M | 90.00M | 116.00M | 113.00M | 92.00M |
| Selling, General & Administrative | 552.00M | 537.00M | 523.00M | 528.00M | 510.00M | 431.00M |
| Other Non-Interest Expense | 469.00M | 473.00M | 487.00M | 624.00M | 563.00M | 519.00M |
| Total Non-Interest Expense | 1.94B | 1.91B | 1.94B | 2.09B | 1.93B | 1.68B |
| EBT Excluding Unusual Items | 753.00M | 689.00M | 498.00M | 969.00M | 300.00M | 1.04B |
| Other Unusual Items | -58.00M | -74.00M | -117.00M | -1.00M | ||
| Pretax Income | 695.00M | 615.00M | 381.00M | 968.00M | 300.00M | 1.04B |
| Income Tax Expense | 159.00M | 94.00M | 102.00M | 231.00M | 76.00M | 247.00M |
| Earnings From Continuing Operations | 536.00M | 521.00M | 279.00M | 737.00M | 224.00M | 797.00M |
| Earnings From Discontinued Operations | 1.00M | -3.00M | -2.00M | -19.00M | -1.00M | 4.00M |
| Net Income | 537.00M | 518.00M | 277.00M | 718.00M | 223.00M | 801.00M |
| Preferred Dividends & Other Adjustments | 10.00M | |||||
| Net Income to Common | 527.00M | 518.00M | 277.00M | 718.00M | 223.00M | 801.00M |
| Basic Shares Outstanding | 41.48M | 46.80M | 49.60M | 49.80M | 49.90M | 49.70M |
| Diluted Shares Outstanding | 42.27M | 47.60M | 50.40M | 50.00M | 50.00M | 50.00M |
| EPS (Basic) | 12.71 | 11.07 | 5.58 | 14.42 | 4.47 | 16.12 |
| EPS (Diluted) | 12.47 | 10.90 | 5.50 | 14.36 | 4.45 | 16.03 |
| Dividend Per Share | 0.92 | 0.86 | 0.84 | 0.84 | 0.84 | 0.84 |
| Effective Tax Rate | 22.88% | 15.29% | 26.77% | 23.86% | 25.33% | 23.66% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.96B | 3.60B | 3.68B | 3.59B | 3.89B | 3.05B |
| Investment Securities | 279.00M | 284.00M | 266.00M | 253.00M | 227.00M | 289.00M |
| Total Investments | 279.00M | 284.00M | 266.00M | 253.00M | 227.00M | 289.00M |
| Gross Loans | 18.45B | 18.43B | 18.52B | 18.96B | 21.06B | 17.18B |
| Allowance for Loan Losses | -2.10B | -2.11B | -2.24B | -2.33B | -2.46B | -1.83B |
| Net Loans | 16.35B | 16.32B | 16.28B | 16.63B | 18.59B | 15.34B |
| Property, Plant & Equipment | 97.00M | 180.00M | 229.00M | 265.00M | 283.00M | 312.00M |
| Goodwill | 634.00M | 634.00M | 634.00M | 634.00M | 634.00M | |
| Other Intangible Assets | 694.00M | 82.00M | 112.00M | 128.00M | 165.00M | 53.00M |
| Accrued Interest Receivable | 404.00M | 378.00M | 378.00M | 371.00M | 307.00M | 224.00M |
| Other Receivables | 148.00M | 145.00M | 144.00M | 164.00M | 151.00M | |
| Restricted Cash | 245.00M | 24.00M | 35.00M | 26.00M | 36.00M | 877.00M |
| Long-Term Deferred Tax Assets | 616.00M | 708.00M | 629.00M | 552.00M | 302.00M | |
| Other Long-Term Assets | 1.26B | 187.00M | 200.00M | 182.00M | 210.00M | 151.00M |
| Total Assets | 23.29B | 22.66B | 22.89B | 23.14B | 25.41B | 21.75B |
| Accounts Payable | 289.00M | 326.00M | 422.00M | 398.00M | 291.00M | |
| Accrued Expenses | 290.00M | 295.00M | 273.00M | 306.00M | 314.00M | |
| Interest Bearing Deposits | 14.69B | 13.25B | 12.52B | 13.09B | 13.79B | 11.03B |
| Institutional Deposits | 786.00M | 638.00M | 531.00M | 509.00M | ||
| Non-Interest Bearing Deposits | 23.00M | 25.00M | 27.00M | 26.00M | 39.00M | |
| Total Deposits | 15.50B | 13.92B | 13.08B | 13.62B | 13.83B | 11.03B |
| Current Portion of Long-Term Debt | 1.71B | 6.12B | ||||
| Long-Term Debt | 3.13B | 2.60B | 5.56B | 5.29B | 1.89B | 7.44B |
| Long-Term Leases | 85.00M | 128.00M | 148.00M | 126.00M | 140.00M | |
| Other Long-Term Liabilities | 1.22B | 448.00M | 452.00M | 468.00M | 479.00M | 449.00M |
| Total Liabilities | 19.85B | 19.34B | 19.84B | 20.22B | 23.14B | 19.66B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | ||
| Additional Paid-In Capital | 1.54B | 1.87B | 2.07B | 2.17B | 2.19B | 2.17B |
| Retained Earnings | 1.92B | 1.48B | 999.00M | 767.00M | 93.00M | -87.00M |
| Comprehensive Income & Other | -25.00M | -16.00M | -22.00M | -19.00M | -21.00M | -2.00M |
| Total Common Equity | 3.44B | 3.33B | 3.05B | 2.92B | 2.27B | 2.09B |
| Shareholders' Equity | 3.44B | 3.33B | 3.05B | 2.92B | 2.27B | 2.09B |
| Total Liabilities & Equity | 23.29B | 22.66B | 22.89B | 23.14B | 25.41B | 21.75B |
| Total Debt | 3.13B | 4.39B | 5.68B | 5.44B | 8.13B | 7.58B |
| Net Cash (Debt) | 827.00M | -789.00M | -2.01B | -1.85B | -4.24B | -4.53B |
| Net Cash Per Share | 19.56 | -16.58 | -39.80 | -37.00 | -84.84 | -90.66 |
| Filing Date Shares Outstanding | 37.96M | 43.12M | 49.09M | 49.42M | 50.12M | 49.95M |
| Total Common Shares Outstanding | 38.00M | 44.10M | 49.10M | 49.30M | 49.90M | 49.90M |
| Book Value Per Share | 90.45 | 75.44 | 62.14 | 59.19 | 45.39 | 41.80 |
| Tangible Book Value | 2.74B | 2.61B | 2.31B | 2.16B | 1.47B | 1.40B |
| Tangible Book Value Per Share | 72.18 | 59.21 | 46.95 | 43.73 | 29.38 | 28.04 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 537.00M | 518.00M | 277.00M | 718.00M | 223.00M | 801.00M |
| Depreciation & Amortization | 44.00M | 50.00M | 55.00M | 56.00M | 45.00M | 123.00M |
| Other Amortization | 118.00M | 121.00M | 148.00M | 178.00M | 178.00M | 106.00M |
| Provision for Credit Losses | 1.31B | 1.24B | 1.40B | 1.23B | 1.59B | 544.00M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -9.00M | |||||
| Change in Other Net Operating Assets | 77.00M | -39.00M | -67.00M | 28.00M | -47.00M | -41.00M |
| Other Operating Activities | 54.00M | 147.00M | 6.00M | -36.00M | -178.00M | -9.00M |
| Operating Cash Flow | 2.19B | 2.09B | 1.86B | 1.99B | 1.85B | 1.54B |
| Cash Acquisitions | -75.00M | |||||
| Investment in Securities | 2.00M | -2.00M | -17.00M | -36.00M | -13.00M | -20.00M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -2.52B | -1.34B | -1.12B | 872.00M | -5.03B | -1.40B |
| Other Investing Activities | -18.00M | -24.00M | -36.00M | -48.00M | -72.00M | -193.00M |
| Investing Cash Flow | -2.53B | -1.37B | -1.17B | 788.00M | -5.11B | -1.69B |
| Long-Term Debt Issued | 1.82B | 2.69B | 3.99B | 4.47B | 4.97B | |
| Long-Term Debt Repaid | -3.14B | -2.62B | -6.69B | -3.91B | -5.40B | |
| Net Debt Issued (Repaid) | -707.00M | -1.32B | 69.00M | -2.70B | 560.00M | -434.00M |
| Repurchase of Common Stock | -595.00M | -313.00M | -55.00M | -35.00M | -12.00M | |
| Preferred Stock Issued | 201.00M | 71.00M | ||||
| Common Dividends Paid | -50.00M | -42.00M | -43.00M | -42.00M | -43.00M | -42.00M |
| Net Increase (Decrease) in Deposit Accounts | 1.97B | 835.00M | -541.00M | -209.00M | 2.78B | 1.23B |
| Other Financing Activities | -46.00M | -41.00M | -22.00M | -104.00M | -16.00M | -144.00M |
| Financing Cash Flow | 769.00M | -807.00M | -592.00M | -3.09B | 3.27B | 608.00M |
| Net Cash Flow | 427.00M | -86.00M | 98.00M | -311.00M | 4.00M | 460.00M |
| Free Cash Flow | 2.19B | 2.09B | 1.86B | 1.99B | 1.85B | 1.54B |
| Free Cash Flow Margin | 81.31% | 80.37% | 76.16% | 64.94% | 82.80% | 56.56% |
| Free Cash Flow Per Share | 51.78 | 43.95 | 36.88 | 39.74 | 36.96 | 30.86 |
| Cash Interest Paid | 868.00M | 868.00M | 922.00M | 861.00M | 466.00M | 357.00M |
| Cash Income Tax Paid | 53.00M | 53.00M | 227.00M | 292.00M | 338.00M | 325.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.07B | 3.38B | 3.04B | 1.62B | 1.88B | 3.31B |
| Last Close Price | 103.41 | 73.46 | 59.70 | 31.59 | 35.19 | 61.12 |
| PE Ratio | 8.58 | 6.53 | 10.96 | 2.26 | 8.42 | 4.14 |
| PS Ratio | 1.49 | 1.30 | 1.24 | 0.53 | 0.84 | 1.22 |
| PB Ratio | 1.14 | 1.02 | 0.99 | 0.56 | 0.83 | 1.59 |
| P/FCF Ratio | 1.84 | 1.62 | 1.63 | 0.82 | 1.02 | 2.15 |
| P/OCF Ratio | 1.84 | 1.62 | 1.63 | 0.82 | 1.02 | 2.15 |
| Debt / Equity Ratio | 0.91 | 1.32 | 1.86 | 1.86 | 3.59 | 3.63 |
| Debt / FCF Ratio | 1.43 | 2.10 | 3.06 | 2.74 | 4.40 | 4.91 |
| Net Debt / Equity Ratio | -0.24 | 0.24 | 0.66 | 0.63 | 1.87 | 2.17 |
| Net Debt / FCF Ratio | -0.38 | 0.38 | 1.08 | 0.93 | 2.29 | 2.94 |
| Return on Equity (ROE) | 15.87% | 16.34% | 9.35% | 28.44% | 10.30% | 44.18% |
| Return on Assets (ROA) | 2.38% | 2.29% | 1.21% | 3.04% | 0.95% | 3.60% |
| Earnings Yield | 11.65% | 15.32% | 9.12% | 44.19% | 11.88% | 24.17% |
| FCF Yield | 54.45% | 61.89% | 61.24% | 122.28% | 98.43% | 46.56% |
| Dividend Yield | 0.93% | 1.12% | 1.36% | 2.55% | 2.23% | 1.26% |
| Payout Ratio | 8.02% | 8.11% | 15.52% | 5.85% | 19.28% | 5.24% |
| Buyback Yield / Dilution | 13.28% | 5.56% | -0.80% | 0.20% | -0.40% | -4.38% |
| Total Shareholder Return | 14.23% | 6.68% | 0.56% | 2.75% | 1.83% | -3.12% |