Bread Financial Holdings, Inc. (NYSE: BFH) has announced an increase of $600 million in its share repurchase authorization. As of December 31, 2025, the company had $240 million remaining on its open share repurchase authorization. During 2026, an additional $75 million of repurchases were made, leaving $165 million of share repurchase capacity available prior to the recent announcement. With the approval of the $600 million increase, the company's share repurchase authorization now stands at $765 million.
Ralph Andretta, President and Chief Executive Officer of Bread Financial, emphasized the significance of the announcement, stating that the decision reflects the company's ability to execute its capital and growth priorities concurrently, enabling the flexibility to return significant additional value to shareholders. It's important to note that 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.
Bread Financial, as a tech-forward financial services company, is focused on providing simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. The company's payment solutions, such as Bread Financial general purpose credit cards and savings products, aim to empower their customers and their pursuits for a better life. Additionally, Bread Financial delivers growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry, and specialty apparel through its private label and co-brand credit cards and pay-over-time products, providing choice and value to their shared customers. Following these announcements, the company's shares moved 4.36%, and are now trading at a price of $73.73. Check out the company's full 8-K submission here.
