Bread Financial Holdings, Inc. filed its quarterly report for the period ended September 30, 2026, with the SEC on October 27, 2026, disclosing financial results and operational details for its credit card and consumer lending business.

Key Highlights

  • Share count: As of October 21, 2026, 37,961,242 shares of common stock were outstanding.
  • Exchange listings: Common stock trades on NYSE under the symbol BFH; two series of depositary shares also trade on NYSE under BFH PrA and BFH PrB.
  • Preferred stock: Series A depositary shares each represent a 1/40th interest in a share of 8.625% Non-Cumulative Perpetual Preferred Stock; Series B depositary shares each represent a 1/40th interest in a share of 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock.
  • Business model: The company's primary source of revenue, according to the filing, is "Interest and fees on loans from our various credit card and other loan products."
  • Partner base: Named brand partners include AAA, Academy Sports + Outdoors, Caesars, Dell Technologies, Hard Rock International, the NFL, Raymour & Flanigan, Saks Fifth Avenue, Signet, Ulta, and Victoria's Secret.
  • Banking subsidiaries: Credit products are offered through Comenity Bank and Comenity Capital Bank, described in the filing as insured depository institution subsidiaries.
  • Filer status: The company is classified as a large accelerated filer for this reporting period.

Bread Financial's Credit Card and Lending Operations in the Third Quarter of 2026

According to the filing, Bread Financial Holdings, Inc. (NYSE:BFH) describes itself as "a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers." The company operates through a single reportable segment, with revenue generated primarily from interest and fees on loans tied to its co-brand and private label credit card programs, as well as installment and split-pay products marketed under the Bread Pay brand.

The filing notes that the company has continued to shift its product mix by growing co-brand credit card programs relative to private label programs. The company states that co-brand programs, relative to private label programs, "have higher Credit sales per account and an improved credit risk mix that generally results in higher transactor balances, lower delinquencies and late fees, as well as lower losses." The company also offers general purpose Bread Financial credit cards and savings products, and extends credit through its subsidiary banks, Comenity Bank and Comenity Capital Bank.

The filing includes a Non-GAAP Financial Measures section noting that the company has previously repurchased debt, including senior unsecured notes, subordinated notes, and convertible notes, and that such repurchases may result in impacts to Total non-interest expenses, Net income available to common stockholders, and Earnings per diluted common share. The company discloses adjustments to exclude these impacts from certain non-GAAP presentations. Forward-looking statements contained in the filing are subject to cautionary language described within the report, with the company noting that "actual results could differ materially from those discussed in these forward-looking statements."

What Was Disclosed

Bread Financial Holdings filed its quarterly report covering the period ended September 30, 2026, disclosing share count, preferred stock terms, its single-segment business structure centered on consumer credit cards and lending, named brand partners, and non-GAAP adjustments related to past debt repurchases.