Welcome to our dedicated page for Onemain Hldgs news (Ticker: OMF), a resource for investors and traders seeking the latest updates and insights on Onemain Hldgs stock.
OneMain Holdings Inc (OMF) delivers personal loan solutions and nonprime consumer credit through its nationwide branch system and digital platforms. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping the consumer finance sector.
Access comprehensive coverage of OMF's earnings reports, regulatory filings, and operational milestones. Our curated collection includes updates on loan portfolio management, credit risk strategies, and expansion efforts like the company's entry into auto lending through strategic acquisitions.
Monitor critical announcements including dividend declarations, leadership changes, and compliance updates. The resource serves as both historical archive and current awareness tool, enabling users to track emerging patterns in nonprime lending markets and corporate decision-making.
Bookmark this page for streamlined access to OneMain Holdings' official communications and third-party analysis. Check regularly for updates reflecting the company's evolving position in consumer finance and its responses to regulatory changes in the lending sector.
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.
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.
OneMain Holdings, Inc. (NYSE: OMF) has priced a secondary public offering of 8,000,000 shares at $53.50 per share, totaling approximately 5.9% of its outstanding common stock. The offering is managed by affiliates of Apollo Global Management and Värde Partners. OneMain will not receive proceeds from this sale, expected to close on May 4, 2021. Additionally, underwriters have a 30-day option to purchase up to 1,200,000 additional shares. Investors are advised to review the prospectus for full details.
OneMain Holdings, Inc. (NYSE: OMF) has initiated a secondary public offering of 8,000,000 shares of its common stock, representing approximately 5.9% of its outstanding shares. The offering is being made by affiliates of Apollo Global Management and Värde Partners. OneMain will not receive any proceeds from the sale, which is facilitated by underwriters Barclays, Citi, and RBC Capital Markets. Additionally, the underwriters have a 30-day option to purchase up to 1,200,000 additional shares. This offering follows regulatory filings with the SEC.
OneMain Holdings reported a significant increase in Q1 2021 financial results, with a pretax income of $546 million and net income of $413 million, up from $43 million and $32 million in the prior year. Earnings per diluted share surged to $3.06 from $0.24. The company raised its quarterly dividend by 56% to $0.70 and initiated a $150 million share repurchase program. Additionally, OneMain announced its acquisition of Trim, enhancing its digital offerings for financial wellness.
OneMain Financial has announced an agreement to acquire Trim, a fintech focused on financial wellness, aimed at enhancing its digital services for over 2.2 million customers. This acquisition will support customers in managing their finances better, offering features like bill negotiation and automated savings. Trim has helped analyze around 1 billion transactions and currently serves over 600,000 users, providing an average savings of $90 annually per negotiation. The transaction is pending standard closing conditions, with details not yet disclosed.
OneMain Holdings, Inc. (NYSE: OMF) will announce its first quarter 2021 results on April 26, after market close. The earnings release will be accessible via OneMain's investor relations website. A conference call to discuss results and outlook is scheduled for April 27, at 8:00 am ET. Public access to the call will be provided via phone and webcast, with replay options available post-event. OneMain Financial has a century-long history offering loans through 1,500 locations across 44 states, focusing on responsible lending.
OneMain Financial has appointed Phyllis Caldwell to its Board of Directors. Caldwell, founder of Wroxton Civic Ventures, brings extensive experience in lending, government, and community development. She previously led foreclosure prevention initiatives at the U.S. Department of Treasury and held executive roles at Bank of America. Her focus on financial inclusion aligns with OneMain's mission to enhance the financial lives of Americans with nonprime credit. This strategic appointment aims to strengthen the company's board with leadership experience in financial inclusion and community engagement.
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