NEW YORK, April 8, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its first quarter 2025 results before the market opens on Tuesday, April 29, 2025. The earnings release will be available on OneMain's investor relations website at http://investor.onemainfinancial.com.A conference call to discuss the company's results, outlook and related matters will be held that morning at 9:00 a.m. Eastern. The general public ...

Core Insights - OneMain Financial has elected Andrew D. Macdonald to its Board of Directors, effective immediately, enhancing its leadership with his extensive experience in technology and business growth [1][2]. Company Overview - OneMain Financial is a leader in providing nonprime customers with responsible access to credit, aiming to improve the financial well-being of hardworking Americans through personalized solutions available in 47 states and online [4]. Leadership Background - Andrew D. Macdonald has been the CEO of Consilio LLC since 2012, and he has a strong track record in identifying revenue and growth opportunities through technology and data science [2]. - Prior to Consilio, Macdonald was a founding member and served as President and CEO of First Advantage Corporation from 2003 to 2011, and he held various leadership roles at First American Financial Corporation [2][3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36129 (OneMain Holdings, Inc.) 001-06155 (OneMain Finance Corporation) ONEMAIN HOLDINGS, INC. ONEMAIN FINANCE CORPORATION (Exact name ...

Core Viewpoint - OneMain Holdings, Inc. is set to present at the Bank of America Securities 2025 Financial Services Conference, highlighting its leadership in providing responsible credit access to nonprime consumers [1]. Company Overview - OneMain Financial is recognized as the leader in offering responsible credit access to nonprime consumers, focusing on improving the financial well-being of hardworking Americans [3]. - The company operates across 47 states, providing personalized financial solutions both online and through 1,300 physical locations [3]. - OneMain is committed to making a positive impact on the communities it serves [3]. Event Information - Doug Shulman, Chairman and CEO of OneMain, will present at the conference on February 12, 2025, at 11:20 a.m. Eastern [1]. - The presentation will be accessible to the general public via a live audio webcast on OneMain's Investor Relations website [2].

Core Viewpoint - OneMain Holdings reported adjusted earnings of $1.16 per share for Q4 2024, exceeding the Zacks Consensus Estimate of $1.12, but reflecting a 16.5% decline year-over-year [1] Financial Performance - The company experienced a 10% increase in net interest income (NII) to $1.01 billion, driven by higher average net finance receivables, although this was partially offset by increased average debt and higher cost of funds [4] - Total other revenues decreased by 14% to $160 million, attributed to declines in nearly all components except for other income [4] - Total other expenses rose by 10.3% to $482 million due to higher operating expenses [5] - Net income available to common shareholders on a GAAP basis was $126 million, down from $165 million in the prior-year quarter, while for 2024, adjusted earnings per share was $4.89, surpassing the consensus estimate of $4.58 but down 9.9% year-over-year [3] Credit Quality - The provision for finance receivable losses increased by 17.3% to $523 million, primarily due to a $59 million rise in the allowance for finance receivables [6] - Net charge-offs were reported at $463 million, up 11.6% from the prior-year quarter, with 30-89 days delinquencies rising to $743 million, an increase of 7.8% [6] - The allowance ratio decreased to 11.48% from 11.62% in the prior-year quarter [7] Balance Sheet and Debt - As of December 31, 2024, total net finance receivables reached $23.6 billion, a 2.1% increase from the prior quarter, while long-term debt rose by 1.4% to $21.4 billion [8] Share Repurchase - In the reported quarter, OneMain Holdings repurchased 75 thousand shares for $3 million [9] Strategic Outlook - The company aims to grow credit card and auto finance loans, supported by relatively lower interest rates and strategic acquisitions, while maintaining a decent balance sheet and liquidity position [10]

Financial Data and Key Metrics Changes - In Q4 2024, GAAP net income was $126 million or $1.05 per diluted share, down from $1.38 per diluted share in Q4 2023 [28] - Capital generation totaled $183 million, compared to $191 million in Q4 2023, reflecting the impact of the macroeconomic environment on net charge-offs [29] - Managed receivables finished the year at $24.7 billion, up 11% year-over-year [29][10] Business Line Data and Key Metrics Changes - Personal loan originations grew 11% year-over-year, with total originations for Q4 at $3.5 billion [29] - Auto receivables increased by $105 million in Q4, totaling $2.4 billion at year-end [21] - Credit card receivables added $93 million during the quarter, ending the year at $643 million [22] Market Data and Key Metrics Changes - The APR on consumer loan originations was 27.0%, up 16 basis points from the previous quarter [30] - Consumer loan yield for Q4 was 22.2%, up 14 basis points compared to the prior quarter [31] - Interest income grew 11% year-over-year to $1.3 billion, driven by receivables growth [32] Company Strategy and Development Direction - The company plans to continue investing in growth, data science, technology, and digital innovation in 2025 [23] - A focus on maintaining a tight credit posture while expanding product offerings, including credit cards and auto loans [60] - The company aims to grow managed receivables by approximately 5% to 8% in 2025 [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improved credit trends and expects continued improvements in earnings and capital generation in 2025 [25][26] - The company anticipates that 2024 represented a cyclical low in earnings, with an upward trajectory expected in 2025 and beyond [9] - Management highlighted the importance of a strong balance sheet and diversified funding strategy as key competitive advantages [14][50] Other Important Information - The company repurchased approximately 755,000 shares for about $35 million during the year [24] - Operating expenses for Q4 were $422 million, up 10% year-over-year, driven by the Foursight acquisition and business investments [44] - The company was recognized in Newsweek's Excellence Index and Time Magazine's America's Best Midsize Companies list for various aspects of business excellence [16] Q&A Session Summary Question: Can you speak to your confidence in sustaining the improved delinquency trends? - Management expressed confidence in the continued improvement of delinquency trends, noting that the current delinquency rate of 3.06% is better than historical patterns [68][69] Question: What factors could push charge-offs to the high end of your guidance range? - The pace of the back book rolling off, delinquency trends, and macroeconomic conditions were highlighted as key factors influencing charge-offs [70][71] Question: Can you provide insights on portfolio yield expectations for 2025? - Management expects modest improvement in consumer loan yields, influenced by product mix and pricing actions taken in previous quarters [73][74] Question: How does the competitive environment look across different product channels? - The competitive environment remains constructive, with the company maintaining a strong position in personal loans and gradually expanding in credit cards and auto loans [112][115] Question: What are the expectations for tax refunds and their impact on originations? - Management noted that tax refunds typically lead to slower originations in the quarter, but the overall impact remains consistent with previous years [120]

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Group 1 - OneMain Holdings, Inc. (NYSE: OMF) shares have increased by 17% over the past year, in addition to a dividend yield of over 7% [1] - The stock experienced a pullback of approximately 2% on Friday, attributed to quarterly results that were broadly in line with expectations [1] - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]

Core Insights - OneMain Holdings reported $1.01 billion in revenue for Q4 2024, a 10% year-over-year increase, with an EPS of $1.16 compared to $1.39 a year ago, indicating a positive revenue surprise of +1.47% over estimates [1] - The consensus EPS estimate was $1.12, resulting in an EPS surprise of +3.57% [1] Financial Performance Metrics - The net charge-off ratio for the Consumer and Insurance Segment was 7.6%, better than the three-analyst average estimate of 8.1% [4] - Insurance revenue was reported at $111 million, slightly below the average estimate of $113.15 million [4] - Net Interest Income reached $1.01 billion, exceeding the average estimate of $993.84 million [4] - Other income was reported at $42 million, above the average estimate of $40.66 million [4] - Investment income was $21 million, below the average estimate of $24.87 million [4] - Net interest income after provision for finance receivable losses was $486 million, surpassing the average estimate of $465.69 million [4] - Total other revenues were $160 million, below the average estimate of $181.08 million [4] - Gain on sales of finance receivables was $5 million, slightly below the average estimate of $6 million [4] Stock Performance - OneMain's shares returned +10.7% over the past month, outperforming the Zacks S&P 500 composite's +2.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

分组1 - OneMain Holdings reported quarterly earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.12 per share, but down from $1.39 per share a year ago, representing an earnings surprise of 3.57% [1] - The company posted revenues of $1.01 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.47%, compared to $917 million in the same quarter last year [2] - OneMain has outperformed the market with a 10.1% increase in shares since the beginning of the year, compared to the S&P 500's gain of 3.2% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.70 on revenues of $983.68 million, and for the current fiscal year, it is $6.82 on revenues of $4.12 billion [7] - The Financial - Consumer Loans industry, to which OneMain belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook [8]