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 reported a significant decrease in 1Q 2023 net income, posting $179 million compared to $303 million the previous year. The diluted EPS fell to $1.48 from $2.38 year-over-year. Managed receivables grew to $20.6 billion, a 6% increase, while personal loan originations dropped 5% to $2.8 billion. Higher net charge-offs contributed to a 385 million provision for finance receivable losses, up $148 million from a year ago. Operating expenses rose by 4% to $362 million. The company declared a quarterly dividend of $1.00 per share, payable on May 12, 2023, following the repurchase of 683,000 shares for $27 million. Despite challenges, OneMain aims to maintain strategic priorities amid economic uncertainty.
OneMain Holdings, Inc. (NYSE: OMF) will report its Q1 2023 results before the market opens on April 25, 2023. The earnings report will be accessible on the company’s investor relations website. A conference call to discuss the results and outlook is scheduled for 9:00 a.m. Eastern on the same day. Interested parties can join the call by dialing 800-343-1703 (U.S.) or 785-424-1116 (international) and using conference ID 63422, or by accessing a live audio webcast on their website. A replay of the call will also be available post-event.
OneMain Financial leads in providing responsible credit access to nonprime customers and focuses on enhancing the financial well-being of Americans. With personalized solutions offered online and across 1,400 locations in 44 states, OneMain aims to make a positive community impact.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of bbb (Good) for
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