---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-24-000020"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:34:49.664162+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bread Financial Q4 net income $45M vs loss a year ago; warns CFPB late fee rule could cut Q4'24 revenue 25%

## Summary
- Q4 2023 revenue $1,017M (-2% YoY); net income $45M ($0.90 EPS diluted) vs loss of $134M in Q4 2022.
- Full year 2023 revenue $4,289M (+12% YoY); net income $737M ($14.74 EPS) vs $224M in 2022.
- CET1 capital ratio 12.2% (up 350 bps); paid down ~$500M unsecured debt in 2023; $900M senior notes issued.
- 2024 guidance: average loans down low-single digits; revenue down low-mid single digits; net loss rate low 8% range.
- CFPB late fee rule (if effective Oct 1, 2024) estimated to reduce Q4'24 revenue ~25% net of mitigation; rule may be challenged.

## SEC filing metadata
- accession: 0001101215-24-000020
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000020/0001101215-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000020/bfh-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-24-000020
- JSON: https://secwatch.observer/filing/0001101215-24-000020.json
- Plain text: https://secwatch.observer/filing/0001101215-24-000020.txt

## Key facts
- Earnings Releases
  BREAD FINANCIAL HOLDINGS, INC. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On January 25, 2024, Bread Financial Holdings, Inc. (the “Company”) issued a press release regarding its results of operations for the fourth quarter and fiscal year ended December 31, 2023 (the “Q4 2023 Earnings Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000020/0001101215-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.