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AI brief of an SEC Form 8-K · Bread Financial Holdings (BFH)

Bread Financial Q3 net income falls to $2 million; revenue down 5% from a year earlier

Negative Impact 4 of 5 earnings Written later

Bread Financial reported third-quarter 2024 net income of $2 million, or $0.05 per diluted share, down from $171 million a year earlier. The drop reflects a $96 million pre-tax charge from repurchasing $262 million of convertible notes; adjusted diluted EPS was $1.83, still well below the prior-year figure, and revenue fell 5% to $983 million. The company also declared a $0.21 quarterly dividend and left its 2024 outlook unchanged.

Key points

  • Q3 2024 net income was $2 million, or $0.05 per diluted share, versus $171 million in Q3 2023; adjusted diluted EPS was $1.83.
  • Revenue was $983 million, down $48 million or 5% from $1,031 million; average loans rose 1% to $17.8 billion.
  • The net loss rate rose to 7.8% from 6.9%, and the delinquency rate rose to 6.4% from 6.3%.
  • Quarterly dividend of $0.21 per share is payable December 13, 2024, to holders of record on November 8, 2024; the 2024 outlook is unchanged.

The filing

CompanyBread Financial Holdings (BFH)
Form8-K, current report
Filed with the SECOct 24, 2024, 6:55 AM ET
Accession number0001101215-24-000217

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.