◆ Preferred Stock Research

ⓘ Guide

BFH-P-B

BREAD FINANCIAL HOLDINGS, INC. · Series B · Personal Credit Institutions
Also quoted as: BFH-B, BFHprB, BFH.PRB, BFH-PB, BFHpB
$25.03
last price

About this security

BFH-P-B is a 8.875% non-cumulative perpetual preferred stock issued by BREAD FINANCIAL HOLDINGS, INC., a Personal Credit Institutions issuer. $25 liquidation preference, current yield 8.86%, callable from 2031-12-15.

BREAD FINANCIAL HOLDINGS, INC.: Bread Financial Holdings is a U.S.-based financial services company specializing in payment, lending, and savings products for consumers. Its core offerings include private-label and co-brand credit cards issued in partnership with well-known retailers and brands — such as Ulta, Victoria's Secret, Saks Fifth Avenue, Dell Technologies, and the NFL — as well as general-purpose credit cards and installment loan products marketed under the Bread Financial and Bread Pay names. The company serves both large consumer-facing businesses and small- and medium-sized enterprises across sectors including retail, travel, health and beauty, and jewelry. It operates primarily in the U.S. personal credit market, positioning itself around technology-driven credit and savings solutions at consumer scale.

Issuer page — all BREAD FINANCIAL HOLDINGS, INC. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below consistency checks passed — not source-verified

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Current Yield
8.86%
Annual Dividend
$2.2188
Recent Market Price
$25.03
as of 2026-06-15
Disc/Prem to Par (→ screen)
Recent Ex-Date
unconfirmed (not in feed)
Pay Frequency
quarterly
Cumulative
No
Original Coupon
8.875%
Call Date
2031-12-15
Yield to Call
8.85%
Yield to Worst
8.85%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Floating Rate
Five-Year U.S. Treasury Rate + % (reset every 5 years on/after First Reset Date Dec 15, 2031)
Pay Dates
March 15, June 15, September 15, December 15
Shares Offered (original)
4,800,000 +720,000 OA
Issued
2026-05-12
Series
B
Alt. Symbology
BFH-B, BFHprB, BFH.PRB, BFH-PB, BFHpB

vs. Personal Credit Institutions category (2 issues): yield 8.86% vs avg 8.76% · discount +0.1% vs avg -0.1%

Quote

 BFH-P-B (preferred)BFH (common)
Last $25.03 $101.71
Change
Open$25.01$103.05
High / Low $25.08 / $24.99 $103.12 / $101.17
Prev Close
Volume3,400621,186
52-Week High / Low $25.20 / $24.74 $103.12 / $49.17

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

BFH-P-B BFH (common)

Dividend History

No recent dividends — distribution may be suspended (check cumulative status) or newly issued.

Performance — $10K Calculator

See what an investment in BFH-P-B would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

We are offering depositary shares, each representing a 1/40th ownership interest in a share of our % Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share (the "Series B Preferred Stock"), with a liquidation preference of $25 per depositary share (equivalent to $1,000 per share of Series B Preferred Stock).

Use of proceeds: Net proceeds will be used by Bread Financial (general corporate purposes; specific dollar amount left blank in the preliminary prospectus).

Full Prospectus (SEC filing) →

Other Securities from BREAD FINANCIAL HOLDINGS, INC.

SymbolTypeCouponPriceYield
BFH-P-A preferred 8.625% 24.94 8.65%

News — BREAD FINANCIAL HOLDINGS, INC.

Issuer news via Tiingo, tagged to BFH.

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This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

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A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Key terms
YieldAnnual income as a % of the price. Higher means more income — but check why a yield is unusually high.
ParThe face value, almost always $25 — the price the company can redeem the share at.
Discount / PremiumWhether the share trades below par (a discount) or above it (a premium).
Call dateThe first date the company is allowed to buy the share back from you at par.
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