{"schema_version":"secwatch.filing_event.v1","accession":"0001101215-23-000148","form_type":"8-K","ticker":"BFH","cik":"0001101215","company_name":"BREAD FINANCIAL HOLDINGS, INC.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.141867+00:00","generated_at":"2026-06-12T23:42:10.443118+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bread Financial Q2 revenue $952M +7% YoY, EPS $1.27; Dell credit program and $35M buyback","bullets":["Q2 continuing ops revenue $952M (+7% YoY); PPNR $422M flat; net loss rate 8.0% (100bps impact from processing transition).","Full-year 2023 outlook: avg loan growth low-to-mid single digits; net loss rate low-to-mid 7%; total revenue slightly above loan growth.","Signed agreement to provide private label credit program for Dell Technologies; acquiring Dell's consumer credit portfolio; expected close early Q4 2023.","Board approved $35M share repurchase program (offset dilution) and declared $0.21 quarterly dividend payable Sept 15.","Parent unsecured debt reduced by $500M in Q2; long-term debt reduced 55% since 2020; tangible book value per share $38.99 (+23% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001101215-23-000148","json":"https://secwatch.observer/filing/0001101215-23-000148.json","markdown":"https://secwatch.observer/filing/0001101215-23-000148.md","text":"https://secwatch.observer/filing/0001101215-23-000148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000148/0001101215-23-000148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000148/bfh-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:42:10.443118+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":"8236c303e7a89b89998216675fe0165d3f07988b","claim":"BREAD FINANCIAL HOLDINGS, INC. updated its full year 2023 guidance (lowered).","evidence_excerpt":"Our 2023 full year outlook is updated to reflect slower sales growth as a result of strategic credit tightening and moderating consumer spending, which pressures loan growth and the net loss rate.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000148/0001101215-23-000148-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"af8247a3694a3dd1efcb7cd8f72871bd755730d0","claim":"BREAD FINANCIAL HOLDINGS, INC. reported the second quarter ended June 30, 2023 results: revenue $952MM, net income $48 million, EPS $0.95 per diluted share.","evidence_excerpt":"rate would have been approximately 7%. • Tangible book value per share increased $7.24, or 23%, versus the second quarter of 2022. $17,652MM Average credit card and other loans $952MM Revenue 9.4% TCE/TA ratio $38.99 Tangible book value per share Exhibit 99.1 Bread Financial | July 27, 2023 2 2023 full year outlook • \"Our 2023 full year outlook is updated to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101215/000110121523000148/0001101215-23-000148-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$952MM"},{"label":"Net income","value":"$48 million"},{"label":"EPS","value":"$0.95 per diluted share"},{"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"}