OneMain Holdings (NYSE:OMF) is one of the 12 oversold financial stocks to invest in according to hedge funds. On February 6, the price target on OneMain Holdings (NYSE:OMF) was reduced from $75 to $70 by Wells Fargo analyst Donald Fandetti, who maintained his Equal Weight rating on the stock. Following this downward revision, the stock now offers a 23% upside. Fandetti’s pessimism around OneMain Holdings (NYSE:OMF) stems from a lackluster consumer sentiment, inflationary pressures, and macroeconomic unc ...

Management highlighted increasing cross-sell across products. Michaels said MoneyApp and Four generated about $45 million of incremental leasing GMV in 2025, up from $23 million in 2024, as customers using those products increasingly opted into leasing when it fit their needs.Michaels said PROG is increasingly looking at growth through consolidated GMV across its ecosystem rather than only through Progressive Leasing. He said consolidated GMV, which includes Progressive Leasing and buy now, pay later (BNPL) ...

Core Insights - The company reported that 2025 results met or exceeded expectations despite a challenging retail environment and disruptions from a major retail partner's bankruptcy [1][4][28] - The strategic focus for 2026 includes a multiproduct approach, emphasizing growth, enhancement of customer experience, and expansion of offerings [11][19][26] Financial Performance - For 2025, consolidated GMV grew by 12.1%, driven by a 144% increase in the For segment, while leasing GMV declined by 8.6% year over year [5][9][10] - Adjusted EBITDA for continuing operations was $269 million, essentially flat compared to the previous year, and non-GAAP diluted EPS was $3.51, exceeding prior guidance [10][11][37] - The fourth quarter saw a revenue decline of 5.2% year over year, attributed to a smaller leasing portfolio, but gross margins improved by 284 basis points [36][37] Strategic Initiatives - The company tightened decision-making in the Progressive Leasing business to protect portfolio performance, resulting in a 7.6% write-off rate in Q4, within the targeted range [10][33] - The acquisition of Purchasing Power in January 2026 is expected to enhance the company's offerings and customer engagement, contributing $680 million to $730 million in revenue for the full year [7][42] - The company is focusing on cross-selling products, with Money App driving approximately $45 million in incremental leasing GMV in 2025 [6][21] Market Environment - The macroeconomic backdrop for 2026 remains challenging, with continued pressure on discretionary income and a smaller lease portfolio, down 9.4% year over year [24][25] - Despite these challenges, the company anticipates higher expected tax refunds in 2026 to provide liquidity support for demand [25][26] Operational Efficiency - The company is leveraging AI to improve operational efficiency, with AI applications enhancing decision speed by approximately 75% and resolving over 18,000 inquiries [17][18] - Investments in technology and infrastructure are aimed at improving customer experience and operational scalability [15][16] Future Outlook - For 2026, the company expects revenues between $3 billion and $3.1 billion, with adjusted EBITDA projected at $320 million to $350 million, reflecting a disciplined approach to managing costs and investments [44][45] - The company plans to maintain a focus on debt reduction, targeting a long-term net leverage ratio of 1.5 to 2 times [27][39]

PROG (NYSE:PRG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAlessandra Jimenez - Senior Equity Research AssociateBrad Thomas - Associate Director of ResearchBrian Garner - CFOHarold Goetsch - Senior Managing Director and Head of Fintech and FinancialsHoang Nguyen - Equity ResearchJohn Baugh - VP of Investor RelationsKyle Joseph - Managing DirectorSteve Michaels - President and CEOConference Call ParticipantsAnthony Chukumba - Managing Director and Senior Research AnalystEunice Ah ...

PROG (NYSE:PRG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker9Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, John Baugh, Vice President of Investor Relations. Please go ahead.Speaker7Thank you, and good morning, everyone. Welcome to the PROG Holdings fourth quarter 2025 earnings call. Joining me this morning are Steve Michaels, PROG Holdings President and Chief Executive Officer, and Brian Garner, our Chief ...

PROG Holdings, Inc. Q4 2025 Earnings Supplement February 18, 2026 PROG Internal Use of Forward-Looking Statements Statements, estimates and projections in this earnings supplement regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements generally can be identified by the use of forward-looking terminolo ...

Core Insights - PROG Holdings (PRG) is expected to report quarterly earnings of $0.60 per share, reflecting a 25% decline year-over-year [1] - Revenue forecasts stand at $584.65 million, indicating a 6.2% decrease compared to the previous year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, suggesting analysts have reassessed their projections [1] Revenue Estimates - Analysts predict 'Revenues- Lease Revenues and Fees' will reach $552.79 million, a year-over-year decline of 6.8% [4] - 'Revenues- Interest and Fees on Loans Receivable' is estimated to be $30.09 million, reflecting a decrease of 1.2% year-over-year [4] Gross Merchandise Volume (GMV) - The expected GMV for Progressive Leasing is projected at $554.29 million, down from $597.49 million reported in the same quarter last year [5] Stock Performance - PROG Holdings shares have returned +2.7% over the past month, contrasting with a -1.7% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market [5]

2025年，持牌消费金融行业在强监管与弱增长的双重挤压下，走出了一条冰火交织的发展之路。 WEMONEY研究室联合企业预警通盘点全年31家持牌消费金融公司，数据显示，多家机构留下了增 资、监管处罚或业务调整等公开记录，其中129条负面事件占比超五成，罚单总额突破千万元。与此同 时，行业增资总额超150亿元，助贷合作模式在透明化要求下加速分化。罚单、增资与助贷三条主线交 织，勾勒出行业在转型阵痛中艰难求生的真实图景。 罚单高悬：合规旧疾难除 监管力度的持续加码成为行业新常态。"双罚制"已全面落地，121条监管预警事件中，90%以上同时追 究机构与责任人责任，厦门金美信消金相关负责人被警告，蒙商消金风险管理部总监因异议处理不当被 罚3.4万元。从处罚主体来看，国家金融监督管理总局及其地方分局主导行政处罚，央行则聚焦征信管 理违规，形成全方位监管闭环。业内专家指出，监管已从"事后处罚"转向"事前预防+事中监测"，合规 底线持续抬高，粗放生长模式已无生存空间。 2025年消费金融行业的罚单呈现出"频次高、范围广、金额大"的特征。企业预警通显示，全年共有9家 机构收到行政处罚，罚单总额达1292.7万元。其中上半年处罚 ...

Company Overview - OneMain is a consumer finance lender that provides personal loans, auto loans, and credit cards, focusing primarily on the subprime consumer market [2] Leadership - Doug Shulman serves as the CEO of OneMain and participated in a conference to discuss the company's operations and market focus [2] Industry Context - The consumer finance sector, particularly in the subprime lending space, is characterized by its focus on providing financial services to consumers with lower credit scores [2]

OneMain Conference Call Summary Company Overview - **Company**: OneMain - **Industry**: Consumer Finance, Specialty Payments - **Focus**: Personal loans, auto loans, credit cards, primarily targeting subprime consumers [1][3] Key Insights on Non-Prime Consumer Health - **Resilience of Non-Prime Consumers**: The non-prime consumer segment is described as resilient, with income levels catching up to inflation. However, there has not been a dramatic improvement in their financial situation over the past year [4][5][6] - **Employment Trends**: Unemployment remains historically low, allowing most individuals seeking jobs to find employment. However, there are some crosscurrents affecting the economic landscape [5][6] - **Loan Approval Rates**: Approval rates are not a primary focus; instead, the emphasis is on whether applicants meet underwriting criteria. The company has seen a steady flow of applications [12][14] Portfolio Resilience and Underwriting Strategy - **Portfolio Management**: The current portfolio is considered resilient, with a conservative underwriting approach established since 2022. The company has implemented a minimum threshold of 20% return on equity (ROE) for loans [14][16] - **Stress Testing**: A stress test model predicts losses at 6.5%, accounting for a 30% stress overlay, indicating a conservative approach to potential economic downturns [14][16] - **Lessons Learned**: The importance of discipline in lending practices is emphasized, with a focus on data-driven decision-making and maintaining a conservative balance sheet [17][18] ILC Application Update - **ILC License Status**: No updates on the Industrial Loan Company (ILC) application; it is viewed as a "nice to have" rather than a necessity for the business [24][30] - **Operational Benefits**: If granted, the ILC license could simplify operations across different states and enhance the ability to issue credit cards directly [30][31] Funding Strategy - **Conservative Balance Sheet**: The company maintains a diversified funding strategy, including asset-backed securities (ABS) and bank lines totaling over $7 billion from 14 banks. This approach aims to mitigate liquidity risks [41][43][50] - **Long Liquidity Runway**: The company keeps about two years of liquidity to ensure operational stability during market disruptions [50][52] Auto and Credit Card Business Updates - **Auto Lending Growth**: The auto lending segment has been expanding, with a focus on independent dealerships and a recent acquisition of Foursight to enhance capabilities [56][57][58] - **Credit Card Strategy**: The credit card business is growing, with a focus on serving the non-prime consumer. The integration of credit cards into the overall strategy is seen as complementary to personal loans [62][63][66] Capital Allocation and Returns - **Capital Priorities**: The company prioritizes investing in business growth, maintaining a healthy dividend, and opportunistic share buybacks. A recent buyback program was increased to $1 billion through 2028 [93][94] - **M&A Considerations**: While open to M&A opportunities, the company currently favors organic growth and share repurchases as the best use of capital [95] Conclusion - **Investor Communication**: The company aims to clarify misconceptions about its risk profile, emphasizing the strength of its balance sheet and the stability of its non-prime lending model [102][103] - **Long-Term Strategy**: OneMain is positioned as a resilient player in the consumer finance space, focusing on disciplined lending practices and maintaining a strong balance sheet to navigate economic cycles [107][108]