Bread Financial Holdings, Inc. (BFH) Earnings Call Transcripts

Bread Financial Holdings, Inc.'s Latest Earnings Call - June 10, 2026

In the second quarter of fiscal year 2026, Bread Financial Holdings, Inc. reported a revenue of $500 million, slightly below expectations but showed strong loan growth momentum at 3.7%. The company achieved a loss rate of 6.98%, which is better than anticipated, indicating improved credit performance. Management maintained guidance for flat losses in June and a net interest margin (NIM) that is expected to decline seasonally, but overall, they expressed optimism about continued growth driven by new partnerships and a resilient consumer base.

Reported metrics

Guidance from management

Management expects losses to remain flat in June compared to May and anticipates a seasonal decline in net interest margin for Q2. They maintained their overall growth outlook for the year, driven by new partnerships.

What management said

Credit sales continues to remain very strong, in fact, even accelerating a little bit, but it's still -- the quarter is not over, so we'll continue to watch that. But it's -- the consumer, again, it's resilient healthy. Some of our growth is because of the new partners that continue to ramp. So like-for-like, it's not necessarily as strong as what our reported numbers might be if you're looking at a comparable custom...

What analysts pressed on

Analysts expressed concerns about the potential impact of rising fuel prices on consumer spending and how it might affect credit performance. There were also questions regarding the sustainability of loan growth and the implications of declining net interest margins.

Main topics on the call

• Loan Growth Momentum — Bread Financial reported end-of-period loan growth of 3.7%, driven by new partnerships launched in previous quarters. CFO Perry Beberman stated, "the growth momentum has continued with our end-of-period loan growth reach...
• Improved Loss Rates — The company achieved a loss rate of 6.98%, which is 99 basis points better than the previous year and better than management's expectations. Beberman noted, "the trend is continuing to march in the right direction with d...
• Net Interest Margin Dynamics — Management indicated that net interest margin would seasonally decline in Q2 compared to Q1. Beberman mentioned, "net interest margin will seasonally be down in the second quarter compared to the first quarter."
• Expense Management — Bread Financial is maintaining expense discipline, with noninterest expenses expected to be just under $500 million. Beberman highlighted that they have instilled a culture of operational excellence to manage costs effec...

Read the full Bread Financial Holdings, Inc. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 63 Bread Financial Holdings, Inc. earnings call transcripts on record, spanning January 30, 2020 to July 23, 2026. Based on this history, Bread Financial Holdings, Inc. reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BFH

Exchange

NYSE

Country

US

Sector

Financials

Industry

Consumer Finance

Calls on record

63

First call

January 30, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly