---
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"
generated_at: "2026-06-03T07:26:14.161859+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bread Financial Q1 2024 net income $134M, revenue down 23% YoY; provides CFPB rule-impacted outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-24-000092
- JSON: https://secwatch.observer/filing/0001101215-24-000092.json
- Plain text: https://secwatch.observer/filing/0001101215-24-000092.txt

## Key facts
- Earnings Releases
  BREAD FINANCIAL HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $991MM, net income $134 million, EPS $2.70.
  - Period: first quarter ended March 31, 2024
  - Revenue: $991MM
  - Net income: $134 million
  - EPS: $2.70
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/0001101215-24-000092-index.htm

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