secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001101215-24-000232
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial Nov 2024: net loss rate 8.0% (7.9% YoY), delinquencies 6.2% (6.5% YoY)
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- Net loss rate 8.0% for Nov 2024 vs 7.9% for Nov 2023; net principal losses $118M vs $120M.
- Delinquency rate 6.2% as of Nov 30, 2024 vs 6.5% a year earlier; delinquent principal $1,032M vs $1,131M.
- End-of-period credit card and other loans $18.143B, down from $18.780B YoY; average loans -1% YoY.
- Hurricane Helene/Milton freeze on delinquency progression will shift some net losses from Q4 2024 to Q2 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000232/0001101215-24-000232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000232/bfh-20241211.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000232

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