Bread Financial

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I am pleased to announce Gaurav Kapil has joined Bread Financial as Senior Vice President and Chief Information Security Officer.    Gaurav is a highly respected veteran of the financial services industry who brings over 20 years of engineering and information security experience to our Company, including expertise in technology, defense, healthcare and finance verticals. I look forward to utilizing his expertise to holistically bolster our cyber security posture as we continue to explore and leverage new and emerging technologies, including artificial intelligence.    Welcome to Bread Financial, Gaurav!    #techatbreadfinancial #lifeatbreadfinancial

On August 10, Bread Financial associates, led by members of the Black Leadership Associate Connection Business Resource Group and the Office of Diversity, Equity, Inclusion and Belonging, participated in the African American Male Wellness Agency's Black Men's Wellness Day to raise awareness of health and wellness resources available to black men in the Greater Columbus area. The event included the annual African American Male Wellness Walk/5k Run, which was sponsored by Bread Financial and featured an enthusiastic team of more than 70 BF associates, friends and family members. #lifeatbreadfinancial #morethanawalk #closethegap

Inflation is impacting the way many consumers shop for new school supplies. Based on a recent Bread Financial survey, most back-to-school shoppers (79%) are making savings a priority by seeking deals and shopping around (up from 70% last year). ✏️ Discover more back-to-school consumer insights at the following link. 🔗 ➡️ http://spr.ly/6049YseTD

We’re proud to share that we’ve been recognized by PLANSPONSOR as a 2024 Plan Sponsor of the Year winner! This recognition demonstrates our commitment to providing our associates with benefits that support their financial, mental and physical well-being. Hear from Lindsay Madaras, senior manager of associate well-being, Deanna Allison, director of benefits, well-being and financial programs and Perry Beberman, EVP and CFO, on the positive impact this change has made for associates across the business. 🔗 ➡️ https://lnkd.in/eU-QPHWM #lifeatbreadfinancial

We are so proud of the Bread Financial riders, challengers and volunteers who participated in Pelotonia August 3-4! So far in 2024, Team Bread Financial has raised more than $110,000 for cancer research at the Ohio State University Comprehensive Cancer Center-James Cancer Hospital & Solove Research Institute, bringing our all-time fundraising total to $1.4 million since Pelotonia began in 2009. Together, we can end cancer. 🚲 💚 💙

Back-to-school season is in full swing, and students and their families are stocking up on school essentials while staying within their budgets. 🎒 Dive into #backtoschool shoppers’ financial habits and how they’re adjusting to high prices in our most recent proprietary survey ➡️ https://lnkd.in/gPKyGSUv

As I reflect on my first three years at Bread Financial, our Company’s collective efforts to measurably improve our financial position and business success are worth recognizing. Since 2021, we have increased transparency and engagement with investors, significantly improved our capital ratios, and driven shareholder value by increasing our tangible book value per share by 80%. Additionally, we've reduced parent-level debt by over 50%, representing a $1.5 billion reduction of outstanding debt. I am proud to work with an amazing group of associates focused on responsible growth, maintaining discipline with capital allocation, and strengthening our balance sheet and company value amidst challenging economic and regulatory environments. Our financial achievements over the last three years are noteworthy, but equally important is our dedication to bettering the lives of our associates and the communities we serve. Over the past three years we have expanded our benefits, made strategic investments to empower the communities where we live and work, and provided more opportunities for associates to volunteer and contribute to charitable causes. This has led to an enhanced workplace culture that is inclusive, supportive, and recognized for its excellence. The significant accomplishments our teams have achieved over these last three transformational years have been exciting and deeply rewarding. The future holds immense promise for our Company, and working alongside my peers and colleagues, I have no doubt my next three years and beyond will be equally fulfilling.

Bread Financial has been recognized as having one of the “Best Company Cultures in the Midwest” by Purpose Jobs! 🏆 This award recognizes Midwest-based companies with fantastic company cultures that support their employees’ growth and well-being. At Bread Financial, we are committed to creating a space that helps our associates feel appreciated and valued so they can be their best selves in and out of the office. Learn more ➡️ http://spr.ly/6047YXm61

Leading up to and after reporting our Q2 earnings results, Bread Financial is continuing to see momentum following our summer Investor Day, where we provided a deeper dive into our evolution and future vision. Our multi-year business transformation is now bearing fruit, allowing us to operate from a position of strength as a responsible, disciplined and more resilient organization utilizing a tech-forward approach to put our customers at the center of everything we do. Here are some highlights: • Within our fully integrated suite of products, we’ve launched direct-to-consumer products including two proprietary cards that give consumers options on how they want to shop, spend and be rewarded, and we continue to grow our Bread Savings™ deposit program. • With our expanded product suite, full-spectrum underwriting, and the customer focused mindset, we have been successful in adding and renewing iconic brands across various industries. • Since Q1 of 2020, we’ve paid down 58% of our parent level debt and have improved our capital ratios, tripling our tangible book value. • Our strong balance sheet, streamlined business model, and resulting efficiencies allow us to strategically invest in our business to drive innovation. I am excited for the future of Bread Financial as we grow responsibility AND drive value for our partners and shareholders while helping our customers achieve financial wellness, flexibility and success.