Bread Financial's Board has approved a $200 million share repurchase plan, with no set expiration date.
Quiver AI Summary
Bread Financial Holdings, Inc. announced a new share repurchase plan authorized by its Board of Directors, allowing for the buyback of up to $200 million in common stock with no set expiration date. CEO Ralph Andretta expressed confidence in the company's progress and ability to return value to shareholders while maintaining balance sheet strength. The repurchase will depend on market conditions and regulatory factors but does not commit the company to purchase any specific number of shares. The press release also highlights Bread Financial's role in providing financial solutions to consumers and businesses, emphasizing the company's growth strategy.
Potential Positives
- Authorization of a new share repurchase plan of up to $200 million demonstrates Bread Financial's commitment to returning value to its shareholders.
- The absence of an expiration date for the repurchase plan provides the company with flexibility to manage share buybacks in response to market conditions.
- The statement from the CEO highlights the company's focus on balancing growth and maintaining financial strength, which can enhance investor confidence.
Potential Negatives
- The share repurchase plan, while potentially beneficial, does not guarantee the actual repurchase of shares, as it is dependent on market conditions and other factors, which introduces uncertainty for investors.
- The lack of a specific expiration date for the repurchase plan may lead to questions about management's commitment or urgency in executing the plan, potentially creating uncertainty among shareholders.
- The press release includes a significant focus on forward-looking statements, which acknowledge numerous risks and uncertainties, potentially highlighting the company's vulnerable position in a volatile market.
FAQ
What is the new share repurchase plan announced by Bread Financial?
Bread Financial has authorized a plan to repurchase up to $200 million of its common stock.
Is there an expiration date for the share repurchase plan?
No, the share repurchase plan does not have an expiration date.
What are Bread Financial's capital priorities?
Bread Financial aims to grow responsibly, maintain balance sheet strength, and return value to shareholders.
Are there conditions affecting the share repurchase decisions?
Yes, share repurchase decisions will depend on market conditions, legal restrictions, and other factors.
What services does Bread Financial provide?
Bread Financial offers personalized payment, lending, and saving solutions to millions of U.S. consumers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
COLUMBUS, Ohio, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Bread Financial ® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) today announced that its Board of Directors (the “Board”) has authorized a new plan to repurchase up to $200 million of shares of its common stock. There is no expiration date for the repurchase plan.
“We are pleased with the progress we have made to strengthen our company. Bread Financial is well-positioned to execute against our capital priorities to grow responsibly, maintain our balance sheet strength, and return value to our shareholders,” said Ralph Andretta, president and chief executive officer of Bread Financial.
Any decision to repurchase shares will be subject to market conditions and other factors, including legal and regulatory restrictions and required approvals, up to the aggregate amount authorized by the Board. The repurchase plan does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.
About Bread Financial
Bread Financial
®
(NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, among other things, statements regarding the Company’s intended share repurchases and the expected impact on share count dilution. The Company believes that its expectations are based on reasonable assumptions. Forward-looking statements, however, are based only on currently available information and the Company’s current beliefs, expectations and assumptions, and are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond the Company’s control, including risk and uncertainties described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, the Company’s Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. The Company’s forward-looking statements speak only as of the date made, and it undertakes no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
Contacts
Brian Vereb – Investor Relations
[email protected]
Susan Haugen – Investor Relations
[email protected]
Rachel Stultz – Media
[email protected]
