---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000201"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:37:08.626413+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bread Financial Nov 2025 net loss rate 7.4% vs 8.0% YoY; delinquencies improve

## Summary
- End-of-period credit card loans $18.1B, average $17.8B, both down ~1% YoY.
- Net principal losses $109M in Nov 2025 vs $118M in Nov 2024.
- Net loss rate 7.4% improved from 8.0% year-over-year.
- Delinquency rate (30+ days) 6.0% as of Nov 2025 vs 6.2% a year earlier.
- Prior-year rates modestly lowered by hurricane-related delinquency freeze.

## SEC filing metadata
- accession: 0001101215-25-000201
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000201/0001101215-25-000201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000201/bfh-20251210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000201
- JSON: https://secwatch.observer/filing/0001101215-25-000201.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000201.txt

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