OneMain Holdings (OMF) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.97%. A quarter ago, it was expected that this consumer finance company would post earnings of $1.12 per share when it actually produced earnings of $1.16, delivering a surprise of 3.57%.Over the last four quarte ...

ONEMAIN HOLDINGS, INC. REPORTS FIRST QUARTER 2025 RESULTS New York, NY, April 29, 2025 - OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $275 million and net income of $213 million for the first quarter of 2025, compared to $204 million and $155 million, respectively, in the prior year quarter. Earnings per diluted share were $1.78 in the first quarter of 2025, compared to $1.29 in the prior year quarter. On April 29 ...

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OneMain Holdings (OMF) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 29, 2025, might help the stock move higher if these key numbers are better than ...

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].

OneMain (OMF) Conference February 12, 2025 11:20 AM ET Company Participants Doug Shulman - Chairman & CEO Conference Call Participants Mihir Bhatia - Analyst Mihir Bhatia I guess, maybe some morning. Thank you, everyone, for joining us. I'm Mihir Bhatia. I cover consumer finance here at Bank of America. Next on stage here, we have the OneMain financial session. OneMain is a leading consumer finance company that provides personal loans, auto loans, credit cards with a real focus on the non prime customer. I' ...

Employee Engagement and Support - As of December 31, 2024, the company had approximately 9,000 employees, emphasizing a commitment to community and team member support [58] - The company achieved a 90% participation rate in its annual Employee Engagement Survey in 2024, indicating strong employee engagement [60] - The company offers a comprehensive total rewards package, including competitive pay, healthcare, retirement benefits, and paid development time [63] - The company prioritizes talent development and an inclusive culture to remain competitive in attracting and retaining exceptional team members [62] Financial Education and Inclusion - The company has delivered financial education to over 4,100 schools and 440,000 students through its Credit Worthy program, focusing on financial literacy for high school students [69] - In August 2024, the company issued its second Social Bond, with at least 75% of the loans allocated to women or minority borrowers, reinforcing its commitment to financial inclusion [68] Economic and Market Risks - The company is exposed to risks related to economic conditions, which could adversely affect borrowers' ability to make payments on their loans [76] - Changes in market conditions could negatively impact the value of the company's finance receivables portfolio and increase financing costs [84] - Changes in market conditions may increase interest expenses, adversely affecting the company's financial condition and results of operations [86] - The company faces geographic customer concentration risk, which could materially affect its financial condition and results of operations during economic downturns [78] Financial Condition and Accounting Estimates - The company maintains an allowance for finance receivable losses, which is a critical accounting estimate that could impact its results of operations if actual losses exceed estimates [80] - The risk of loss on securitized finance receivables is recognized in the allowance for finance receivable losses, which could adversely affect financial condition if losses exceed recorded allowances [89] - The company may face indemnification obligations for finance receivables that do not meet certain criteria, potentially impacting liquidity and financial condition [87] - Impairment of goodwill and intangible assets could negatively impact profitability and financial condition [99] Regulatory and Compliance Risks - Regulatory compliance failures could lead to significant penalties and increased operational costs, adversely affecting financial results [105] - Changes in federal and state laws could limit interest income and other revenues, negatively impacting financial condition and results of operations [110] - The company entered into a consent order with the CFPB on May 31, 2023, to resolve an investigation regarding certain refunding practices for optional insurance and membership plan products [115] - The company is subject to increased regulatory scrutiny regarding the purchase and sale of finance receivables, particularly those in default or charged-off [121] - Compliance with current and future consumer privacy, data protection, and cybersecurity laws may result in higher operating costs for the company [118] - Regulatory actions against lenders regarding debt collection practices could impact the company's operations and reputation [116] - The company may face additional compliance costs due to changes in laws and regulatory developments related to securitizations [122] Capital and Liquidity Risks - The company's current corporate credit ratings are below investment grade, which may increase borrowing costs and limit access to capital [126] - The company’s ability to access capital markets is significantly affected by disruptions in the U.S. credit markets and potential credit rating downgrades [126] - The company’s significant indebtedness may adversely affect its ability to meet obligations under debt instruments and react to economic changes [129] - The company is dependent on its subsidiaries for funds to meet financial obligations, and restrictions on dividend payments could hinder liquidity [140] - OMH intends to maintain a minimum quarterly dividend of $1.04 per share, but future dividends will depend on various financial factors and Board discretion [141] Market Performance and Stock Risks - The market price of OMH's common stock has been volatile, influenced by operating results, management changes, and increased indebtedness [146] - Future issuances of debt or equity securities may dilute existing stockholders' rights and affect the market price of OMH's common stock [149] Interest Rate Sensitivity and Financial Performance - The company has transitioned to an earnings-based sensitivity analysis for net interest income, focusing on the impact of interest rate changes on financial performance [293] - The forecasted impact on net interest income from a +100 bps change in interest rates is a decrease of $35 million, while a -100 bps change would increase it by $32 million [296] - The revised methodology focuses on net interest income to provide better insight into earnings exposure to interest rate risk, enhancing transparency and aligning with industry practices [298] - The analysis indicates that the company has limited exposure to other market risks, including foreign exchange rates, equity prices, and commodity prices, which are not considered material to operations [300] - The earnings-based analysis assumes an immediate change in interest rates without considering potential business decisions to mitigate adverse effects [299] - The previous methodology did not adequately reflect the earnings exposure to interest rate risk, focusing instead on fair value changes of receivables, investments, and debt [297] Cybersecurity and Operational Risks - Cybersecurity risks, including data breaches and system failures, could impair the company's ability to operate and result in significant financial liabilities [90] - The company is exposed to risks related to the theft or misuse of confidential customer information, which could lead to reputational harm and regulatory scrutiny [91] - The insurance operations are subject to unpredictable claims and catastrophic events, which could adversely affect financial results [96] - The company may not keep pace with technological advancements, potentially harming its competitive position and financial condition [98]

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]