secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001101215-24-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/0001101215-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000092/bfh-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000092

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