Bread Financial Q3 2023: EPS $3.42, revenue $1.03B, net loss rate 6.9%

BREAD FINANCIAL HOLDINGS, INC.

2023-Q3 EPS reported $13.44

Net income of $171M ($3.42 diluted EPS); continuing ops net income $173M ($3.46). YoY net income up 28%.
Total revenue $1,031M (+5% YoY); net interest margin stable; pretax pre-provision earnings $529M (+7%).
Net principal losses $304M (+40% YoY); reserve build $0; net loss rate 6.9%; delinquency rate 6.3%.
CET1 ratio 12.9% (+140bps YoY); tangible book value $42.45 (+24% YoY). Completed $35M share repurchase.
Declared quarterly dividend $0.21/share, payable Dec 15 to holders of record Nov 13.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

BREAD FINANCIAL HOLDINGS, INC. updated its third quarter ended September 30, 2023 guidance (reaffirmed).

Period: third quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On October 26, 2023, Bread Financial Holdings, Inc. (the “Company”) issued a press release regarding its results of operations for the third quarter ended September 30, 2023 (the “Q3 2023 Earnings Release”).

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001101215-23-000191

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.