Core Viewpoint - OneMain Holdings, Inc. is set to present at the 2024 TD Cowen Financial Services & Fintech Summit, highlighting its leadership in providing nonprime consumers with responsible access to credit [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 provides personalized financial solutions both online and through 1,300 locations across 44 states, demonstrating its commitment to positively impacting communities [3]. Event Information - Doug Shulman, Chairman and CEO, along with Jenny Osterhout, CFO, will present at the summit on June 6 at 11:30 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].

Key Points OneMain Holdings NYSE: OMF , a leading provider of personal loans and insurance products to subprime customers, stands out as a growing dividend stock with an attractive valuation. With a dividend yield of 8.40% and a P/E ratio under 10, OMF's growing dividends are backed by reliable profitability - allowing the company to invest in growth while rewarding shareholders in the process. In Q1 2024, the company reported an EPS of $1.45, exceeding expectations of $1.38, and revenue of $1.17 billion. T ...

You could say that lender OneMain Holdings (OMF) is a hot investment right now. Its shares trade near a buy point, and the financial company just raised its already high dividend.Headquartered in Evansville, Ind., OneMain is a lender offering small personal loans to consumers who often cannot obtain credit through traditional means. The company operates 1,400 branches in 44 states and offers loans online through its iLoan platform.The way OneMain makes money is simple: It lends out funds to consumers with l ...

Financial Performance - The company experienced a net income of $155 million for the three months ended March 31, 2024, compared to $179 million for the same period in 2023, reflecting a decrease of 13.4%[142] - Interest income increased to $1,173 million in Q1 2024, up from $1,094 million in Q1 2023, representing a growth of 7.2%[142] - Adjusted pretax income (non-GAAP) for Consumer and Insurance segment was $233 million in Q1 2024, slightly down from $236 million in Q1 2023[157] - OMH generated net income of $155 million and net cash inflow from operating and investing activities of $325 million for the three months ended March 31, 2024[177] Receivables and Charge-offs - As of March 31, 2024, the company reported managed receivables of $22.0 billion from approximately 3.0 million customer accounts, a slight decrease from $22.2 billion at December 31, 2023[129] - The provision for finance receivable losses rose to $431 million in Q1 2024, compared to $385 million in Q1 2023, indicating an increase of 11.9%[142] - The gross charge-off ratio increased to 10.12% in Q1 2024, up from 9.21% in Q1 2023, highlighting a deterioration in credit quality[143] - The net charge-off ratio for Q1 2024 was reported at 8.66%, an increase from 7.80% in Q1 2023, indicating higher credit losses[143] - Net charge-off ratio for consumer loans was 8.58% in Q1 2024, up from 7.72% in Q1 2023[159] - Provision for finance receivable losses increased by $46 million or 12% for Q1 2024 compared to Q1 2023, influenced by higher net charge-offs[148] Debt and Liquidity - Long-term debt balance increased to $19.52 billion in Q1 2024 from $18.21 billion in Q1 2023[159] - The company aims to maintain a strong liquidity level with diversified funding sources while pursuing strategic growth initiatives[137] - The company repurchased $139 million of its unsecured notes during the three months ended March 31, 2024[179] - OMH's net cash used for financing activities was $443 million for the three months ended March 31, 2024, primarily due to repayments and repurchases of long-term debt and cash dividends paid[196] Acquisitions and Executive Changes - The company completed the acquisition of Foursight Capital LLC on April 1, 2024, aiming to enhance its auto lending business[131] - The company appointed new executives, including Micah R. Conrad as COO and Jeannette E. Osterhout as CFO, effective March 31, 2024[132][133] Economic and Market Conditions - The company is closely monitoring macroeconomic conditions, which may impact its financial performance and credit loss provisions[136] - The company experiences seasonal trends in consumer loan volume, with demand generally lowest in the first part of the year and increasing towards year-end[213] Securitized Borrowings and Collateral - As of March 31, 2024, total securitized borrowings amounted to $12,731 million, with a current note amount outstanding of $12,297 million[204] - The company reported a total of $11,112 million in collateral balance for its securitized borrowings as of March 31, 2024[204] - The company has access to 16 revolving conduit facilities with a total borrowing capacity of $6.4 billion, of which only $1 million was drawn[207] - The company also has two credit card revolving VFN facilities with a total borrowing capacity of $300 million, with no amounts drawn as of March 31, 2024[208] - The weighted average interest rates for various securitized borrowings range from 1.01% to 6.44%, with the lowest rate being for ODART 2021-1 at 1.01%[204] Regulatory and Compliance - The company’s disclosure controls and procedures were evaluated as effective as of March 31, 2024, ensuring compliance with SEC rules[217] - There were no changes in internal control over financial reporting that materially affected the company during the first quarter of 2024[218] - There have been no material changes to the company's critical accounting policies or methodologies for deriving critical accounting estimates during the first quarter of 2024[211] Other Financial Metrics - Total net finance receivables reached $21.1 billion as of March 31, 2024, compared to $21.3 billion at December 31, 2023[165] - The 30-89 days delinquency ratio for consumer loans was 2.72% as of March 31, 2024, compared to 3.28% at December 31, 2023[169] - Other revenues increased by $3 million or 1% for Q1 2024 compared to Q1 2023, remaining relatively consistent[148] - The allowance for finance receivable losses was $2,454 million, with a total provision for finance receivable losses of $431 million during the quarter[172] - The net finance receivables totaled $21,083 million, with an allowance ratio of 11.64%[172] - The borrowing capacity of OMFC's corporate revolver was $1.3 billion, with no amounts drawn as of March 31, 2024[180] - The company declared a dividend of $1.00 per share, totaling $120 million, during the three months ended March 31, 2024[190]

For the quarter ended March 2024, OneMain Holdings (OMF) reported revenue of $896 million, up 4.8% over the same period last year. EPS came in at $1.45, compared to $1.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $907.93 million, representing a surprise of -1.31%. The company delivered an EPS surprise of +5.07%, with the consensus EPS estimate being $1.38.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Important Information This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by or that otherwise include the words "anticipates," "appears," "assumes," "believes," "can," "continues," "could," "estimates," "expects," "forecasts," "foresees," "goals," "intends," "likely," "objective," "plans," "projects," "target," "trend," "remains," and similar expressions or future or conditional verbs such as "could ...

OneMain Holdings (OMF) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.07%. A quarter ago, it was expected that this consumer finance company would post earnings of $1.35 per share when it actually produced earnings of $1.39, delivering a surprise of 2.96%.Over the last four quarter ...

Exhibit 99.1 ONEMAIN HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS New York, NY, April 30, 2024 - OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $204 million and net income of $155 million for the first quarter of 2024, compared to $235 million and $179 million, respectively, in the prior year quarter. Earnings per diluted share were $1.29 in the first quarter of 2024, compared to $1.48 in the prior year quarter ...

SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement" ...

NEW YORK, April 9, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its first quarter 2024 results before the market opens on Tuesday, April 30, 2024. 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 publi ...