secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001101215-25-000131
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial reports June 2025 net loss rate 7.8%, Q2 rate 7.9%; delinquency improves to 5.7%
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- Net loss rate for June 2025: 7.8%; for Q2 2025: 7.9%; net principal losses $113M and $348M respectively.
- Delinquency rate (30+ days) as of June 30, 2025: 5.7%, down from 6.0% a year ago.
- End-of-period credit card and other loans $17.656B; average loans $17.631B in June, down 1% YoY.
- Hurricane Helene/Milton delinquency freeze in Q4 2024 modestly lowered prior losses but increased Q2 2025 losses.
- Period-end credit card and other loans principal $16.102B vs $16.344B a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000131/0001101215-25-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000131/bfh-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001101215-25-000131

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