Bread Financial Earnings: Loan Growth and Improving Credit Quality Support Net Income in Q3

Bread Financial reported third-quarter earnings per share of $3.82, with revenue up 5% year over year to $1.02 billion. Net income, however, fell 17% to $156 million. These results led to a return on tangible equity of 23.6%, close to management’s long-term target of the mid-20s percent.