---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-23-000008"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:52:26.411300+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bread Financial Q4 net loss $134M; revenue up 21%; announces Yankees co-brand card, dividend $0.21

## Summary
- Q4 net loss of $134M ($2.68 diluted EPS loss); full year net income $223M ($4.46 EPS).
- Total Q4 revenue $1,033M, +21% YoY; avg loan growth +23% YoY; reserve build $380M.
- Expects 2023 avg loan growth mid-single digit, net loss rate ~7%, effective tax rate 25-26%.
- Multi-year co-brand credit card agreement with New York Yankees; card launching before 2023 MLB season.
- Quarterly dividend maintained at $0.21 per share, payable March 17, 2023 to holders of record Feb 10.

## SEC filing metadata
- accession: 0001101215-23-000008
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121523000008/0001101215-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121523000008/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-23-000008
- JSON: https://secwatch.observer/filing/0001101215-23-000008.json
- Plain text: https://secwatch.observer/filing/0001101215-23-000008.txt

## Key facts
- Earnings Releases
  BREAD FINANCIAL HOLDINGS, INC. reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $1,033 million, net income $(134) million, EPS $(2.68) per diluted share. Guidance reaffirmed.
  - Period: fourth quarter and fiscal year ended December 31, 2022
  - Revenue: $1,033 million
  - Net income: $(134) million
  - EPS: $(2.68) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: due to strong loan growth in the quarter, including the required reserve build relating to the acquisition of the AAA credit card portfolio. Total fourth quarter revenue was $1,033 million, up $178 million, or 21%, versus the fourth quarter of 2021. As expected, normalization of credit metrics continued in the fourth quarter with a delinquency rate of 5.5% and a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121523000008/0001101215-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.