Quarterly ResultApr 28, 2026, 06:07 AM
BFH Q1 Net Income +32% to $181M; EPS $4.15; NIM 19.25%
AI Summary
Bread Financial Holdings, Inc. reported strong first-quarter 2026 results, with total net interest and non-interest income increasing 5% to $1.018 billion and net income available to common stockholders rising 30% to $179 million. Diluted EPS grew 50% to $4.15, driven by higher credit sales, improved net interest margin, and disciplined expense management. The company also continued its capital allocation strategy, repurchasing common stock and subordinated notes, while improving its CET1 ratio and credit quality metrics.
Key Highlights
- BFH Total net interest and non-interest income increased 5% to $1.018 billion.
- BFH Net income available to common stockholders rose 30% to $179 million.
- BFH Diluted EPS increased 50% to $4.15.
- BFH Credit sales were up 7% year-over-year to $6.5 billion.
- BFH Net interest margin expanded to 19.25% from 18.06% year-over-year.
- BFH Repurchased $150 million (2.0 million shares) of common stock and $50 million of subordinated notes.
- BFH Common equity tier one capital ratio (CET1) improved to 13.3% from 12.0%.
- BFH Net principal loss rate improved to 7.33% from 8.16%.