secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001101215-23-000191
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000191/0001101215-23-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000191/bfh-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001101215-23-000191

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