Quarterly ResultJul 28, 2026, 06:07 AM
Bread Financial Q2 EPS $3.55, Net Income $144M; Credit Sales +11%
AI Summary
Bread Financial Holdings reported strong second-quarter 2026 results, with diluted EPS increasing 21% to $3.55 and net income available to common stockholders rising 4% to $144 million. Total net interest and non-interest income grew 7% to $1.0 billion, driven by an 11% increase in credit sales to $7.5 billion and an improved net interest margin of 18.49%. The company also repurchased $241 million of common stock and saw a 16% increase in direct-to-consumer deposits, alongside improving credit quality metrics.
Key Highlights
- Diluted EPS: $3.55, up 21% year-over-year.
- Net income available to common stockholders: $144 million, up 4% year-over-year.
- Total net interest and non-interest income: $1.0 billion, up 7% year-over-year.
- Credit sales: $7.5 billion, up 11% year-over-year.
- Net interest margin: 18.49%, up from 17.71% year-over-year.
- Common stock repurchases: $241 million during the quarter.
- Direct-to-consumer deposits: $9.4 billion, up 16% year-over-year.
- Net principal loss rate: 6.98%, down from 7.88% year-over-year.
Price Impact
More from BFH