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OneMain Holdings, Inc. reports news centered on consumer finance for nonprime customers, including personal loans, auto finance loans, credit cards, optional insurance products and digital and branch-based customer service. Company updates commonly address managed receivables, revenue and earnings trends, credit performance, operating expense, and results for its Consumer and Insurance segment.
Recurring announcements also cover quarterly earnings releases and conference calls, dividend declarations, stock repurchase activity, debt financing, balance sheet management and financial-services conference presentations. The company frames its operating updates around loan growth, underwriting discipline, customer access to credit and capital returns.
OneMain Holdings, Inc. (NYSE: OMF) has announced a secondary public offering of 8,000,000 shares, accounting for approximately 6% of its outstanding common stock. The offering is managed by affiliates of Apollo Global Management, with OneMain not selling any shares or receiving proceeds. Concurrently, the company plans to buy back 1,600,000 shares from the offering using available cash. Barclays acts as the sole underwriter, with an option to purchase an additional 1,200,000 shares. No regulatory approvals are indicated for the securities offered.
OneMain Holdings reported substantial financial growth in Q2 2021, with a pretax income of $463 million and net income of $350 million, significantly up from $118 million and $89 million, respectively, a year earlier. Earnings per diluted share soared to $2.60, compared to $0.66 previously. The company declared a $4.20 dividend per share, payable on August 13, 2021. Originations rose 87% to $3.8 billion, and adjusted net income from the Consumer and Insurance segment hit $358 million. Despite this, the 30-89 day delinquency ratio rose to 1.76%. Overall, OneMain continues its focus on growth and customer financial well-being.
OneMain Holdings, Inc. (NYSE: OMF) is set to release its second quarter 2021 earnings after market close on July 21, 2021. A conference call discussing the results and outlook will take place on July 22 at 9:00 a.m. Eastern. Stakeholders can access the earnings report on the company's investor relations website. OneMain has been providing transparent personal loans for over 100 years, operating around 1,400 locations across 44 states.
OneMain Holdings (NYSE: OMF) has closed a $750 million Social Bond issuance through its subsidiary, OneMain Finance Corporation. The proceeds aim to support credit-disadvantaged communities, with at least 75% allocated to women or minority borrowers. This milestone aligns with OneMain's commitment to financial inclusion and empowering underserved groups. The bond, rated Ba3/BB-/BB+, has a 3.500% coupon and matures on January 15, 2027. The issuance reflects OneMain's dedication to corporate social responsibility and responsible lending practices.
OneMain Holdings (NYSE: OMF) announced that CFO Micah Conrad and CSO Jenny Osterhout will present at the Jefferies Virtual Consumer Conference on June 23 at 9:10 a.m. Eastern. The event will be accessible to the public via a live audio webcast on the Investor Relations section of their website. A replay of the conference will be available until September 21, 2021. With over 100 years of experience, OneMain Financial operates approximately 1,400 locations across 44 states, focusing on providing responsible personal loans.
OneMain Holdings (NYSE: OMF) announced that its subsidiary, OneMain Finance Corporation, has priced a $750 million offering of 3.500% senior notes due 2027, increasing the offering size from $500 million. The offering is expected to close on June 22, 2021, pending customary conditions. The net proceeds will help finance loans that meet the OneMain Social Bond Framework criteria, aiming to support access to financial services for underserved communities. The offering is registered with the SEC and is detailed in accompanying prospectus documents.
OneMain Holdings, Inc. (NYSE: OMF) announced a proposed offering of $500 million in senior notes due 2027 through its subsidiary, OneMain Finance Corporation. These notes will be backed by an unsecured guarantee from OneMain Holdings. Proceeds will support loans that align with the OneMain Social Bond Framework, aimed at improving access to financial services for underserved communities. Neuberger Berman has made an anchor order in this offering. No guarantee exists that the offering will complete as planned.
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OneMain Holdings (NYSE: OMF) announced that Doug Shulman, Chairman and CEO, along with CFO Micah Conrad, will present at the Wells Fargo Virtual Financial Services Conference. The event is scheduled for 10:40 a.m. Eastern Time on Thursday, May 20, 2021. Investors can access the live audio webcast via the Investor Relations section of OneMain's website. A replay will be available until August 18, 2021. OneMain Financial has been providing personal loans for over 100 years and operates approximately 1,500 locations across 44 states.
OneMain Holdings, Inc. (NYSE: OMF) has announced a change in location for its 2021 Annual Meeting of Stockholders, which will now be held at its corporate offices in Evansville, Indiana. The meeting is scheduled for Tuesday, May 25, 2021, at 1:00 p.m. local time. OneMain Financial has been providing responsible loans for over 100 years, with around 1,500 locations across 44 states, focusing on personal loan solutions and community involvement.