BFH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-28

• •We have previously repurchased and may, from time to time, in the future continue to repurchase debt, including any outstanding senior unsecured notes, subordinated notes or convertible notes. In such transactions, we may pay a premium to induce these repurchases, or in certain cases repurchase at …

• •Pretax pre-provision earnings (PPNR) represents Income from continuing operations before income taxes and the Provision for credit losses. PPNR excluding impacts from debt repurchases then excludes from PPNR the loss or gain on any debt repurchases in the period. We use PPNR and PPNR excluding impa…

• brand partners, and an increase in revenue from our payment protection products as a result of new enrollment channels. We expect Non-interest income will continue to decrease throughout the year as a result of both higher credit sales-related payments to brand partners, and higher brand partner pro…

• Provision for credit losses increased during the three months ended June 30, 2026 driven by a $3 million reserve release and net principal losses of $316 million, compared with a $74 million reserve release and net principal losses of $348 million in the prior year period.

• Total non-interest expenses of $483 million were relatively flat year-over year, driven by a $15 million decrease in Other expenses due primarily to the net impacts from our debt repurchases, partially offset by a $13 million increase in Employee compensation and benefits from increased wages, as we…

Text removed vs the prior filing · source: 10-Q · 2026-04-28

• •Pretax pre-provision earnings (PPNR) represents Income from continuing operations before income taxes and the Provision for credit losses. We use PPNR as a metric to evaluate our results of operations before income taxes, excluding the movements that can occur within Provision for credit losses.

• Provision for credit losses increased during the three months ended March 31, 2026 driven by a $28 million reserve release and net principal losses of $331 million, compared with a $69 million reserve release and net principal losses of $365 million in the prior year period.

• Our Allowance for credit losses decreased as of March 31, 2026, relative to December 31, 2025, due primarily to a lower Credit card and other loans balance, as seasonally higher transactor balances from the fourth quarter of 2025 were paid

• Total non-interest expenses of $472 million decreased 1% year-over year. The decrease reflects ongoing expense discipline, as well as a credit received in the current quarter which lowered outsourced data processing costs; partially offset by increased Employee compensation and benefits from increas…

• Our efforts to strengthen and optimize our Consolidated Balance Sheet continued in the first quarter of 2026. During the quarter we retired 1.5 million shares of common stock from the full termination and unwind of our capped call transactions, as well as repurchased $150 million, or 2.0 million sha…

Text added vs the prior filing · source: 10-Q · 2026-07-28

• (c)During the three months ended June 30, 2026, no Section 16 officer or director of the Parent Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-04-28

• (c)On February 27, 2026, Ralph Andretta, our President and Chief Executive Officer, entered into a Rule 10b5-1 trading arrangement, as defined in Item 408(a) of Regulation S-K, providing for the sale from time to time of an aggregate of up to 15,000 shares of our common stock. The duration of the tr…

• March 31, 2026, no other Section 16 officer or director of the Parent Company adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.