BFH Q2 2026: Earnings rise on 11% credit sales growth, 78bp margin expansion, $135M preferred issued

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 29, 2025 · ~2 min read

Key Changes

• high

  Credit sales accelerated to 11% YoY growth (vs 4% prior year), driving average loans up 3% to $18.2B and end-of-period loans up 5% to $18.5B, reversing flat-to-down trend from Q2 2025.

  MD&A: Credit Sales & Loan Growth verify on EDGAR →
• high

  Net interest margin expanded 78 basis points YoY to 18.49% (from 17.71%), driven by pricing actions and lower funding costs, offsetting headwinds from lower late fees and product mix shifts.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  Issued $135M of 8.875% Series B preferred stock in May 2026 to optimize capital structure, enabling $241M in Q2 common stock repurchases (2.8M shares) with $449M authorization remaining.

  MD&A & Notes: Capital Management verify on EDGAR →