{"schema_version":"secwatch.filing_event.v1","accession":"0001101215-23-000075","form_type":"8-K","ticker":"BFH","cik":"0001101215","company_name":"BREAD FINANCIAL HOLDINGS, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.941214+00:00","generated_at":"2026-06-16T08:07:00.435455+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bread Financial Q1 net income $455M, EPS $9.08 on $1.29B revenue; dividend maintained at $0.21","bullets":["Q1 net income $455M ($9.08 diluted EPS) vs $211M ($4.21) a year ago; revenue $1,289M, up 40% YoY.","Results include $230M pretax gain on sale of BJ's Wholesale Club portfolio and $235M pretax reserve release.","Credit metrics elevated: delinquency rate 5.7%, net loss rate 7.0%; full-year 2023 net loss rate outlook ~7% unchanged.","Tangible common equity / tangible assets ratio improved to 9.1%; tangible book value per share over $38.","Board declared quarterly dividend of $0.21 per share, payable June 16, 2023 to holders of record May 12, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001101215-23-000075","json":"https://secwatch.observer/filing/0001101215-23-000075.json","markdown":"https://secwatch.observer/filing/0001101215-23-000075.md","text":"https://secwatch.observer/filing/0001101215-23-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000075/0001101215-23-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000075/bfh-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:07:00.435455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96dac84f1e226a9286602226c2bc7218dbedf30c","claim":"BREAD FINANCIAL HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $1,289 million, net income $455 million, EPS $9.08 per diluted share. Guidance reaffirmed.","evidence_excerpt":"COLUMBUS, Ohio, April 27, 2023 – Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions, today announced financial results for the first quarter ended March 31, 2023. • First quarter net income was $455 million, or $9.08 per diluted share, with a $230 million pretax gain on portfolio sale and a pretax reserve release of $235 million due primarily to the sale of the BJ's Wholesale Club portfolio in February. • First quarter revenue was $1,289 million, up $368 million, or 40%, and up 15%, excluding the gain on portfolio sale versus the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000075/0001101215-23-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1,289 million"},{"label":"Net income","value":"$455 million"},{"label":"EPS","value":"$9.08 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}