Bread Financial Holdings, Inc. has recently announced the approval of a $200 million share repurchase program. The company's board of directors has authorized this new plan to buy back shares of its common stock, with no specified expiration date.
Ralph Andretta, the president and chief executive officer of Bread Financial, expressed satisfaction with the company's progress in strengthening its position. He emphasized the company's readiness to execute its capital priorities responsibly, maintain a strong balance sheet, and deliver value to its shareholders.
The decision to repurchase shares will be contingent on various factors, including market conditions, legal and regulatory restrictions, and necessary approvals. The buyback plan is not an obligation for the company to acquire a specific number of shares and may be halted or terminated at any time.
Bread Financial, listed on the NYSE under the ticker symbol "BFH," is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers. The company's payment solutions include general-purpose credit cards and savings products, aimed at empowering customers and their pursuits for a better life. Additionally, Bread Financial delivers growth for well-known brands in travel & entertainment, health & beauty, jewelry, and specialty apparel through private label and co-brand credit cards and pay-over-time products, providing choice and value to shared customers. Today the company's shares have moved 1.93% to a price of $65.09. For more information, read the company's full 8-K submission here.
