Bread Financial Holdings, Inc. (NYSE: BFH) saw its stock price surge 7.24% during intraday trading on Thursday, following the release of better-than-expected first quarter 2026 financial results.

The tech-forward financial services company reported adjusted earnings of $4.18 per share, significantly exceeding analyst estimates of $3.09 per share. Revenue for the quarter reached $1.018 billion, also surpassing expectations of $995.356 million and representing a 4.95% increase from the same period last year. Net income rose 32% to $181 million, while revenue increased 5% to $1 billion, driven by pricing changes and lower interest expense.

Additional positive metrics included a 130 basis point improvement in the CET1 ratio to 13.3%, a narrowing of the net loss rate to 7.33% from 8.16% a year ago, and a 7% increase in credit sales to $6.5 billion. The company maintained its 2026 outlook, expecting low single-digit growth in average loans and revenue, with a projected net loss rate between 7.2% and 7.4%.