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, 2023 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 ...

Financial Data and Key Metrics Changes - In Q4 2023, net income was $165 million or $1.38 per diluted share, down 4% from $1.44 per diluted share in Q4 2022 [60] - Full-year 2023 net income was $641 million, with capital generation of $794 million [60] - Capital generation return on receivables was just below 4% [60] - Interest income for Q4 was $1.2 billion, up 6% year-over-year, driven by higher average receivables [62] - The average APR on loan originations increased to around 27% compared to 26% a year ago [61] Business Line Data and Key Metrics Changes - The auto finance business grew more than $350 million in 2023, reaching almost $750 million in receivables at year-end [50][57] - The credit card business grew to $330 million in receivables with 430,000 customers [50] - Fourth quarter originations totaled $3 billion, down 13% year-over-year due to tightened underwriting [52][61] Market Data and Key Metrics Changes - The delinquency rate for loans originated in the second half of 2023 is expected to be about 1%, while the overall portfolio has a delinquency rate closer to 4% [2] - The 30 to 89 delinquency rate at December 31 was 3.28%, with 90-plus delinquency at 2.88% [67] - The back book still represented 57% of delinquent receivables at year-end [68] Company Strategy and Development Direction - The company is focused on maintaining a conservative credit posture and has tightened its credit box throughout 2023 [46][61] - The acquisition of Foursight is expected to enhance access to franchise auto dealers and drive profitable growth in the auto finance business [50][57] - The company aims to invest in high-quality loans and new products while maintaining a strong dividend policy [58] Management's Comments on Operating Environment and Future Outlook - Management anticipates peak losses in 2024, with a range of 7.7% to 8.3% for full-year consolidated net charge-offs [3][79] - The company is confident in the performance of newer vintages and expects losses to peak as the back book runs down [70] - Management acknowledges the macroeconomic uncertainty but believes the company is well-positioned for growth once conditions stabilize [82] Other Important Information - The company generated nearly $800 million in capital in 2023, reflecting a strong business model [49] - Operating expenses for Q4 were $382 million, up 4% year-over-year, with an OpEx ratio of 6.8% [71] - The company ended the year with $1 billion in cash, providing significant funding flexibility for 2024 [74] Q&A Session Summary Question: Can you elaborate on the portfolio growth dynamics and how they affect delinquencies and losses in 2024? - Management discussed the impact of the pace of originations and the mix shift between front and back book on delinquencies and losses [86] Question: What is the confidence level and timeframe for returning to the target underwriting loss range of 6% to 7%? - Management indicated that achieving the 6% to 7% range is likely a 2025 event, depending on the performance of the back book [96] Question: Why is the allowance ratio stable despite an improving credit profile? - Management explained that the CECL model incorporates various assumptions, and the majority of first-half losses are expected from the underperforming back book [104] Question: How does the competitive environment look currently? - Management noted that the competitive environment has normalized, with a healthy respect for competition while maintaining a strong position in the market [108]

OneMain Holdings (OMF) reported $917 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $1.39 for the same period compares to $1.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $913.9 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +2.96%, with the consensus EPS estimate being $1.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

4Q 2023 Diluted EPS of $1.38 4Q 2023 C&I adjusted diluted EPS of $1.39 4Q 2023 Managed receivables of $22.2 billion Declared quarterly dividend of $1.00 per share Repurchased 531 thousand shares for $20 million in 4Q NEW YORK, Feb. 7, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $220 million and net income of $165 million for the fourth quarter of 2023, compared to $233 million and $176 mi ...

OneMain Holdings (OMF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. 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 February 7, 2024, might help the stock move higher if these key numbers are better ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.The ability to identify ...

Quite a few consumer lending stocks have continued to bounce back among the broader financial sector with names like LendingTree (TREE) , Ally Financial (ALLY) , Synchrony Financial (SYF) , and OneMain Holdings (OMF)  starting to simmer.Soaring near the $50-a-share range, OneMain’s stock has certainly stood out with LendingTree, Ally, and Synchrony shares still under $40 despite their recent rallies. With that being said, let’s see if now is a good time to buy OneMain’s stock for the possibility of higher h ...

OneMain Holdings, Inc. (NYSE:OMF) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Peter Poillon - Head of Investor Relations Doug Shulman - Chairman & Chief Executive Officer Micah Conrad - Chief Financial Officer Conference Call Participants Michael Kaye - Wells Fargo Kevin Barker - Piper Sandler Vincent Caintic - Stephens David Scharf - JMP Securities John Hecht - Jefferies Mihir Bhatia - Bank of America Operator Good day and welcome to the OneMain Financial Third Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 (E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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 ...