Bread Financial Holdings, Inc. (BFH) Presents at Bank of America Financial Services Conference 2026 Transcript

SA Transcripts158.28K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Bread Financial Holdings, Inc. (BFH) Bank of America Financial Services Conference 2026 February 10, 2026 3:30 PM EST Company Participants Perry Beberman - Executive VP & CFORalph Andretta - President, CEO & Director Conference Call Participants Mihir Bhatia - BofA Securities, Research Division Presentation Mihir BhatiaBofA Securities, Research Division For those who don't know me, I'm Mihir Bhatia. I cover consumer finance and payments at Bank of America. Next on stage, we have Bread Financial. Bread Financial is a leading private label card issuer. Over the past few years, they have expanded their offerings to provide co-brand and proprietary cards and buy now, pay later loans. I'm delighted to welcome both Ralph Andretta, who is CEO; and Perry Beberman, who's the CFO of Bread. They both are also recently celebrating -- birthdays around now, so you can wish them happy birthday afterwards. But -- so thank you for joining us. Really appreciate you guys doing this conference for us again. Question-and-Answer Session Mihir BhatiaBofA Securities, Research Division So maybe just to kick things off, Perry. This morning -- we'll start with you, Perry, but this morning, you filed financials. So maybe just talk to us a little bit about Jan results, anything we should keep in mind as we think about January results going into next quarter. I know there's always a step-up in February, but anything else you want investors to keep in mind? Perry BebermanExecutive VP & CFO Yes. No, we were really pleased with how January losses and delinquency came in as well as the loan growth coming in flat, which is a nice little bit of reflection. I'm sure we'll talk more about loan growth outlook for the rest of the year. The thing to remember, as you pointed out, is February steps up materially, seasonally. So we -- what we say is