Bread Financial approves $200 million share repurchase program

Bread Financial Holdings Inc. (NYSE: BFH) announced its board of directors authorized a new share repurchase program for up to $200 million of the company's common stock. The Columbus, Ohio-based financial services company said the repurchase plan has no expiration date.

The company stated that any decision to repurchase shares will depend on market conditions and other factors, including legal and regulatory restrictions and required approvals. The repurchase plan does not require the company to acquire any specific number of shares and may be suspended or terminated at any time.

"We are pleased with the progress we have made to strengthen our company. Bread Financial is well-positioned to execute against our capital priorities to grow responsibly, maintain our balance sheet strength, and return value to our shareholders," said Ralph Andretta, president and chief executive officer of Bread Financial.

Bread Financial provides payment, lending and saving solutions to consumers in the United States. The company offers general purpose credit cards, savings products, and private label and co-brand credit cards for various retail brands in travel, entertainment, health, beauty, jewelry and specialty apparel sectors.

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