secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001101215-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000008/0001101215-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000008/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001101215-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer