{"schema_version":"secwatch.filing_event.v1","accession":"0001101215-24-000092","form_type":"8-K","ticker":"BFH","cik":"0001101215","company_name":"BREAD FINANCIAL HOLDINGS, INC.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.285573+00:00","generated_at":"2026-06-03T07:26:14.161859+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Bread Financial Q1 2024 net income $134M, revenue down 23% YoY; provides CFPB rule-impacted outlook","bullets":["Net income $134M, diluted EPS $2.70; continuing ops net income $135M, EPS $2.73.","Revenue $991M, down 23% YoY; PPNR $509M nearly flat ex $230M BJ's portfolio gain.","Average loans down 4% YoY; net loss rate 8.5%; delinquency rate 6.2%.","CET1 ratio 12.6% (+80 bps YoY); tangible book value per share $45.96 (+20%).","FY 2024 outlook: revenue down mid- to high-teen%; avg loans down low-single digits; net loss rate low 8% range."],"urls":{"canonical":"https://secwatch.observer/filing/0001101215-24-000092","json":"https://secwatch.observer/filing/0001101215-24-000092.json","markdown":"https://secwatch.observer/filing/0001101215-24-000092.md","text":"https://secwatch.observer/filing/0001101215-24-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/0001101215-24-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/bfh-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:26:14.161859+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":"a5f2d6ced509399f01522b2b92fb20e863d4b108","claim":"BREAD FINANCIAL HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $991MM, net income $134 million, EPS $2.70.","evidence_excerpt":"offering to $900 million in January 2024; reduced parent-level debt by $100 million. • Grew direct-to-consumer deposits to $7 billion at quarter-end. $18.5B 1Q24 Average loans $991MM 1Q24 Revenue 12.6% Common equity tier 1 capital ratio $45.96 Tangible book value per share Exhibit 99.1 Bread Financial | April 25, 2024 2 \"Our first quarter financial results","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/0001101215-24-000092-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$991MM"},{"label":"Net income","value":"$134 million"},{"label":"EPS","value":"$2.70"},{"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"}