EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Computation of Basic And Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the periods presented:


	Three Months Ended March 31,
	2026		2025
(Millions, except per share amounts)
Numerator
Income from continuing operations	$	181	$	142
Loss from discontinued operations, net of income taxes (1)	—		(4)
Net income	181		138
Less: Preferred stock dividends	(2)		—
Net income available to common stockholders	$	179	$	138

Denominator
Weighted average common stock outstanding – basic	42.8		49.0

Add: net effect of dilutive unvested restricted stock awards (2)	0.4		0.6

Weighted average common stock outstanding – diluted	43.2		49.6

Basic EPS
Income from continuing operations	$	4.19	$	2.89
Loss from discontinued operations	$	—	$	(0.08)
Net income per share	$	4.19	$	2.81

Diluted EPS
Income from continuing operations	$	4.15	$	2.86
Loss from discontinued operations	$	—	$	(0.08)
Net income per share	$	4.15	$	2.78

__________________________________

(1)Includes amounts that related to the previously disclosed discontinued operations associated with the spinoff of our former LoyaltyOne segment in 2021 and the sale of our former Epsilon segment in 2019. For additional information, refer to Note 1, “Description of Business, Basis of Presentation and Significant Accounting Policies” to the unaudited Consolidated Financial Statements.

(2)As the effect would have been anti-dilutive, for the three months ended March 31, 2026 and 2025, zero and approximately 0.8 million, respectively, restricted stock awards were excluded from the calculation of weighted average dilutive common shares.

BREAD FINANCIAL HOLDINGS, INC. 10-Q