secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001101215-24-000217
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 2024 adj. EPS $1.83, revenue $983M; declares $0.21 dividend
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- Adjusted net income $93M (adj. diluted EPS $1.83); GAAP net income $2M ($0.05 EPS) from $91M post-tax convertible note charge.
- Revenue $983M; average loans $17.8B (+1% YoY); delinquency rate 6.4%; net loss rate 7.8%.
- CET1 capital ratio 13.3% (+40 bps YoY); tangible book value per share $47.48.
- Repurchased $262M principal of convertible notes with cash on hand, $96M pre-tax impact.
- Board declared quarterly cash dividend $0.21/share, payable Dec 13 to holders of record Nov 8.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000217/0001101215-24-000217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000217/bfh-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000217

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