Bread Financial Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 06:53 am EST
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Bread Financial Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 1,075 million compared to USD 1,130 million a year ago. Net income was USD 43 million compared to net loss of USD 134 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to basic loss per share from continuing operations of USD 2.69 a year ago. Diluted earnings per share from continuing operations was USD 0.9. Basic earnings per share was USD 0.88 compared to basic loss per share of USD 2.69 a year ago. Diluted earnings per share was USD 0.87.
For the full year, net interest income was USD 4,266 million compared to USD 4,181 million a year ago. Net income was USD 718 million compared to USD 223 million a year ago. Basic earnings per share from continuing operations was USD 14.79 compared to USD 4.48 a year ago. Diluted earnings per share from continuing operations was USD 14.74 compared to USD 4.47 a year ago. Basic earnings per share was USD 14.39 compared to USD 4.47 a year ago. Diluted earnings per share was USD 14.34 compared to USD 4.46 a year ago.
Bread Financial Holdings, Inc. is a tech-forward financial services company. The Company is engaged in providing simple, personalized payment, lending, and saving solutions. The Company through its data insights and white-label technology, it delivers a comprehensive product suite, including private label and co-brand credit cards and buy now, pay later products (split-pay). It also offers direct-to-consumer solutions that give customers more access, and freedom through its branded Bread Cashback American Express Credit Card and Bread Savings products. The Company offers both direct-to-consumer retail deposit products as well as deposits sourced through contractual arrangements with various financial counterparties (often referred to as wholesale deposits). Its products are supported by various services and capabilities, including risk management, account origination and funding services; loan processing and servicing; marketing and data and analytics; and its Enhanced Digital Suite.
BREAD FINANCIAL HOLDINGS, INC. 
