secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001101215-23-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial Q1 net income $455M, EPS $9.08 on $1.29B revenue; dividend maintained at $0.21
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000075/0001101215-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000075/bfh-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001101215-23-000075

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