Bread Financial Holdings Reports Q3 Earnings Beat on Higher Revenue and Loan Growth
Bread Financial Holdings (BFH) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a Non-GAAP EPS of $3.84, surpassing estimates by $0.61, while total revenue reached $1.02 billion, beating projections by $10 million. The 5% year-over-year revenue increase was driven primarily by loan growth and lower interest expenses, alongside an uptick in merchant and interchange fees. These gains were partially offset by increased retailer share arrangements, reflecting the company's evolving cost and revenue structure within its lending segments.
Tickers: $BFH
Topics: earnings beat loan growth non-GAAP EPS revenue growth