---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000082"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T12:43:59.381162+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bread Financial April credit metrics improve: net loss rate 7.8%, delinquency 5.7%

## Summary
- Net loss rate fell to 7.8% in April 2025 from 8.6% a year earlier; principal losses $114M vs $127M.
- Delinquency rate (30+ days) improved to 5.7% as of April 30, 2025, from 6.0% a year ago.
- Average credit card and other loans were $17.7B, down 2% YoY from $18.0B.
- Hurricane-related delinquency freezes (Helene/Milton) will negatively impact Q2 2025 net losses.

## SEC filing metadata
- accession: 0001101215-25-000082
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000082/0001101215-25-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000082/bfh-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000082
- JSON: https://secwatch.observer/filing/0001101215-25-000082.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000082.txt

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