BFH Bread Financial (BFH) Q2 FY26 earnings call
Bread Financial delivered strong Q2 FY26 results, marked by accelerating credit sales, robust loan and deposit growth, and improving credit performance. The company achieved a key milestone with direct-to-consumer deposits reaching 50% of its funding mix and optimized its capital stack through preferred stock issuance and share repurchases. Management remains cautiously optimistic, navigating macroeconomic uncertainties with disciplined underwriting and strategic investments in technology and AI.
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BFH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 13.3%We ended the quarter with a CET1 ratio of 13.3%, up 130 basis points compared to last year.Source: earnings call transcript | 12.9%Shifting to capital, we ended the quarter with a CET1 ratio of 12.9%, down 10 basis points compared to the last year.Source: earnings call transcript | 13.1%We ended the quarter with a CET1 ratio of 13.1%, down 90 basis points year-over-year, reflecting our deliberate capital stack optimization efforts.Source: earnings call transcript | +0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.