OneMain (OMF)

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OneMain Holdings Announces Date of Fourth Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2025-01-10 11:30
Earnings Announcement - OneMain Holdings Inc plans to report its fourth quarter 2024 results before the market opens on Friday January 31 2025 [1] - The earnings release will be available on OneMain's investor relations website [1] Conference Call Details - A conference call to discuss the company's results outlook and related matters will be held at 9:00 am Eastern on January 31 2025 [2] - The call can be accessed by dialing 800-451-7724 (US domestic) or 785-424-1116 (international) using conference ID 60408 or via live audio webcast on the investor relations website [2] - A replay of the call will be available on the website after the event [2] Company Overview - OneMain Financial is the leader in offering nonprime consumers responsible access to credit [3] - The company is dedicated to improving the financial well-being of hardworking Americans [3] - OneMain provides personalized solutions available online and in 1300 locations across 44 states [3] - The company is committed to making a positive impact on the people and communities it serves [3] Investor Contact - Peter R Poillon is the investor contact for OneMain Holdings Inc [4] - Contact information: 212-359-2432 [email protected] [4]
Will OneMain (OMF) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-09 18:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering OneMain Holdings (OMF) , which belongs to the Zacks Financial - Consumer Loans industry.This consumer finance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.06%.For the last reported quarter, OneMain came out with earni ...
OneMain Financial: Strong Dividend Stability In Uncertain Economic Times
Seeking Alpha· 2024-12-30 14:48
OneMain Financial (NYSE: OMF ) is a finance company that specializes in consumer loans. The company's shares have come off their recent highs as concerns about interest rates and inflation have upset markets. Still, the company offers a 7.9% dividend yield andAbout My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching ...
Payday Loans Market Report 2024, Featuring Profiles of Check Into Cash, Kotak Mahindra Bank, OneMain Holdings, Advance America and ACE Cash Express
GlobeNewswire News Room· 2024-11-07 15:44
Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The "Payday Loans Market Report 2024" has been added to ResearchAndMarkets.com's offering.The payday loans market size has grown strongly in recent years, from $35.47 billion in 2023 to $35.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period can be attributed to factors such as increased financial instability, limited access to traditional credit, economic downturns, high unemployment rates, regulatory changes, ...
OneMain (OMF) - 2024 Q3 - Earnings Call Transcript
2024-10-30 16:23
Financial Data and Key Metrics Changes - Third quarter GAAP net income was $157 million or $1.31 per diluted share, down from $1.61 per diluted share in Q3 2023 [23] - C&I adjusted net income was $1.26 per diluted share, down from $1.57 in Q3 2023 [23] - Capital generation for the quarter amounted to $211 million, compared to $232 million in the same quarter last year [23] - Total revenue was $1.5 billion, up 8% year-over-year, driven by interest income of $1.3 billion, which increased by 9% [28] Business Line Data and Key Metrics Changes - Managed receivables finished the quarter at $24.3 billion, up $2.4 billion or 11% year-over-year [24] - Auto finance receivables were $2.3 billion at quarter end, with credit performance in the auto business meeting expectations [15] - In the credit card business, 122,000 new accounts were added, resulting in $84 million in receivables during the quarter [17] Market Data and Key Metrics Changes - Third quarter originations were $3.7 billion, up 13% year-over-year, attributed to a constructive competitive environment and focused efforts on driving originations [24] - The consumer loan originations APR was 26.8%, up approximately 40 basis points since last quarter [26] - The 30 to 89-day delinquency rate was 3.01%, down 27 basis points year-to-date [11] Company Strategy and Development Direction - The company is focused on maintaining a tight underwriting posture while leveraging data analytics and product innovation to find profitable growth opportunities [10] - Capital allocation priorities include investing in business growth, new products, and technology to enhance competitive positioning [19] - The company aims to end the year with at least $24.5 billion in receivables, exceeding original guidance [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive trends in credit and expects to see continued growth in capital generation barring a recession [12] - The company anticipates that improved macroeconomic conditions, such as lower interest rates and stable employment, could provide additional tailwinds [12] - Management is optimistic about the future, citing strong demand for products and a favorable competitive environment [45] Other Important Information - The company completed a $750 million unsecured social bond issuance at an interest rate of just over 7% [13] - Operating expenses were $396 million, up 6% year-over-year, driven by the acquisition of Foursight and continued investments for growth [38] - The company repurchased approximately 420,000 shares for about $19 million during the quarter [20] Q&A Session Summary Question: Does the net charge-off guidance include the impact of the Foursight policy adjustment? - Yes, it includes the impact of the Foursight policy adjustment from the last quarter [46][47] Question: What is driving the guidance to be closer to the higher end of the range? - The guidance reflects improved delinquency trends and a better macro environment [48][49] Question: What gives confidence that charge-offs will peak in the first half of the year? - Confidence is based on current delinquency trends, which are expected to translate into improved charge-off performance [50][51] Question: Is there any loosening of credit standards this quarter? - No, the credit box remains tight, but adjustments are made based on specific segments [74] Question: How does the competitive environment affect the three product sets? - The competitive environment is constructive across all product lines, with a tight credit box maintained [63] Question: What would it take for the reserve rate to start coming down? - Changes in the macro environment and consistent charge-offs would influence reserve levels [68] Question: What is the outlook for recoveries? - Recovery performance remains strong, with expectations for similar results going forward [93]
OneMain (OMF) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-30 14:35
OneMain Holdings (OMF) reported $981 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9%. EPS of $1.26 for the same period compares to $1.57 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $970.61 million, representing a surprise of +1.07%. The company delivered an EPS surprise of +6.78%, with the consensus EPS estimate being $1.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
OneMain Holdings (OMF) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-30 12:45
OneMain Holdings (OMF) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.78%. A quarter ago, it was expected that this consumer finance company would post earnings of $0.90 per share when it actually produced earnings of $1.02, delivering a surprise of 13.33%. Over the last four quar ...
Rate Cuts To Boost OneMain Financial
Seeking Alpha· 2024-10-21 12:18
OneMain Holdings (NYSE: OMF ) is a stock I've covered twice before. The first article was my inaugural piece for Seeking Alpha, in which I went over the business model and why OMF was a leaderMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy their shares at attractive prices ...
OneMain Holdings Announces Date of Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-10-08 21:00
NEW YORK, Oct. 8, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its third quarter 2024 results before the market opens on Wednesday, October 30, 2024. The earnings release will be available on OneMain's investor relations website at https://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 ...
OneMain Holdings to Present at Barclays Global Financial Services Conference
Prnewswire· 2024-09-03 20:30
NEW YORK, Sept. 3, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Barclays 22nd Annual Global Financial Services Conference at 9:45 a.m. Eastern on Tuesday, September 10. Webcast Information The general public is invited to listen to the live audio webcast through the Investor Relations section of OneMain's website at http://investor.onemainfinancial.com. ...