Bread Financial Earnings Reports

Bread Financial reported a decrease in net income for Q4 2024, driven by lower revenue and increased expenses, although credit metrics showed signs of stabilization. The company highlighted its focus on disciplined expense management and capital allocation, while also navigating macroeconomic and regulatory challenges.

Bread Financial reported a net income of $2 million, or $0.05 per diluted share, and an adjusted net income of $93 million, or $1.83 per diluted share, which excludes the $91 million post-tax impact from the repurchased convertible notes. The company's revenue was $983 million, a decrease of 5% year-over-year, and the common equity tier 1 capital ratio increased 40 basis points to 13.3%.

Bread Financial reported a net income of $133 million for Q2 2024. The company's revenue was $939 million, a slight decrease of 1% compared to the same quarter last year. Expenses decreased by 12%, and the CET1 capital ratio increased to 13.8%.

Bread Financial reported a net income of $134 million for Q1 2024, driven by strong risk-adjusted loan yields and proactive credit tightening initiatives. The company focused on strengthening its balance sheet, managing capital, and implementing strategies to mitigate the impact of the CFPB's final rule on credit card late fees.

Bread Financial reported a net income of $43 million for Q4 2023. The company's revenue was $1.017 billion, a decrease of 2% compared to Q4 2022. Diluted earnings per share from continuing operations were $0.90. The company is proactively addressing the CFPB's proposed rule on credit card late fees and remains focused on sustainable, profitable growth.

Bread Financial reported a 5% increase in revenue and a 28% increase in net income compared to the third quarter of 2022. The company's results reflect prudent growth and expense discipline, with PPNR growing year-over-year for the tenth consecutive quarter. The company is proactively developing plans to address potential changes in regulation related to credit card late fees.

Bread Financial reported a 7% increase in revenue and diluted EPS of $1.27 for the second quarter of 2023. The company also announced a partnership with Dell Technologies and managed to reduce parent unsecured debt by more than $500 million.

Bread Financial reported a strong first quarter with a 40% increase in revenue, driven by a $230 million gain on portfolio sale and higher average loan balances. Net income was $455 million, or $9.08 per diluted share, and the company made progress in building capital and onboarding new business.

Bread Financial reported a net loss of $(134) million, or $(2.68) per diluted share, for the fourth quarter of 2022. Revenue increased by 21% to $1,033 million. The company experienced strong loan growth and continued normalization of credit metrics.

Bread Financial reported a net income of $134 million, or $2.69 per diluted share, for the third quarter of 2022. Total revenue was $979 million, up 15% year-over-year. The company highlighted double-digit loan growth and a 17% increase in pretax pre-provision earnings (PPNR). Credit metrics normalization continued with a delinquency rate of 5.7% and a net loss rate of 5.0%.

Bread Financial reported a net income of $12 million, or $0.25 per diluted share, for the second quarter of 2022. Total revenue was $893 million, up 17% compared to the second quarter of 2021. The results reflect the spinoff of Loyalty Ventures Inc.

Bread Financial's first quarter results showed a 15% increase in revenue compared to Q1 2021, driven by balance sheet growth and improved net interest margin. The company launched new co-brand credit card with Victoria's Secret and a pilot program with Harley-Davidson. The company is closely monitoring macroeconomic conditions and the long term effects of persistent inflation on the economy and consumers.

Alliance Data Systems Corporation reported Q4 2021 results with a net income of $17 million, or $0.34 per diluted share. Credit sales increased by 15% year-over-year, and the company attracted several new brand partners, including the NFL, B&H Photo, Michaels, and TBC Corporation.

Alliance Data reported a 5% increase in revenue to $1,099 million, a 65% increase in EBT to $291 million, and a net income of $224 million, or $4.47 per diluted share. Credit sales increased by 20%, supporting expectations for continued receivables growth. The company also expects to spin off its LoyaltyOne segment as Loyalty Ventures Inc. on November 5th.

Alliance Data reported a strong second quarter with net income of $273 million, driven by strong credit management and a favorable economic outlook, which led to a net reserve release of $208 million. Credit sales returned to pre-pandemic levels, and the company is on track for the LoyaltyOne spinoff by year-end.

Alliance Data Systems Corporation reported a net income of $286 million, or $5.74 per diluted share, for the quarter ended March 31, 2021. Revenue decreased by 21% year-over-year, while EBT increased by 1,452%, positively impacted by a net reserve release of $165 million.

Alliance Data's Q4 2020 financial results reflected a continued gradual recovery in Card Services credit sales. Success in the beauty and health & wellness verticals contributed to the 24% sequential increase in total credit sales in the seasonally strong holiday period. Credit metrics remained resilient and delinquency rates improved as a result of enhanced collection efforts, prudent credit line management, the expansion of consumer relief programs in 2020, and stimulus payments.

Alliance Data reported a net income of $133 million, or $2.79 per diluted share, for the third quarter ended September 30, 2020. The company saw a modest recovery in Card Services credit sales and improved revenue from LoyaltyOne. Expense reductions from efficiency programs enabled additional investment in strategic areas.

Alliance Data Systems Corporation reported a 27% decrease in consolidated revenue to $979 million compared to the second quarter of 2019. Income from continuing operations decreased 73% to $38 million, and EPS decreased 70% to $0.81. Adjusted EBITDA, net decreased 50% to $156 million. The company is maintaining an elevated reserve for loan loss, exceeding 13% of end of period receivables.

Alliance Data reported a 4% increase in revenue for the first quarter, but earnings were negatively impacted by a $404 million increase in the provision for loan losses due to CECL adoption and COVID-19. The company is focused on maintaining liquidity and managing costs during the economic uncertainty.

Alliance Data Systems Corporation reported a slight decrease in revenue for the fourth quarter of 2019, with a more significant decrease in EPS and core EPS. The results were impacted by restructuring and strategic transaction costs, as well as a decrease in earnings before taxes at Card Services.