Onemain Hldgs Inc Stock Price, News & Analysis

OneMain Holdings reported a 2Q 2022 net income of $209 million, down from $350 million year-over-year, leading to diluted EPS of $1.68 compared to $2.60. Adjusted pretax income for its Consumer and Insurance segment also declined, totaling $311 million. Managed receivables reached $20.1 billion, up 10% year-over-year, while personal loan originations rose 2% to $3.9 billion. The company declared a quarterly dividend of $0.95 per share and repurchased 2.1 million shares for $94 million during the quarter. The provision for finance receivable losses significantly increased by $208 million compared to the prior year.

OneMain Holdings, Inc. (NYSE: OMF) will report its second quarter 2022 earnings on July 27, 2022, after market close. The earnings release will be available on its investor relations website. A conference call to discuss the results and outlook is scheduled for July 28, 2022, at 8:30 a.m. Eastern, with public access available via phone and webcast. OneMain is focused on providing responsible credit access to nonprime customers and operates 1,400 locations across 44 states, emphasizing community impact and financial well-being.

OneMain Holdings, Inc. (NYSE: OMF) has successfully closed its second Social Bond issuance, totaling $600 million, through its subsidiary OneMain Finance Corporation. This marks the first Social ABS Bond by a U.S. issuer, aimed at enhancing financial inclusion for underserved communities. The bond will finance loans primarily for lower-income borrowers, 75% of whom earn less than $50,000 annually. OneMain emphasizes its commitment to responsible credit access and community support, building on its inaugural $750 million Social Bond issued in June 2021.

OneMain Holdings reported a 1Q 2022 net income of $301 million, down from $413 million in the prior year. Diluted EPS fell to $2.36 from $3.06 year-over-year. The company declared a quarterly dividend of $0.95 per share and repurchased 2.3 million shares for $110 million. Originations rose by 30% to $3.0 billion, while managed receivables increased to $19.5 billion, an 11% growth. However, the provision for finance receivable losses soared by $240 million, reflecting a normalizing credit environment. Interest income rose 3%, but the yield dropped to 23.11%. A conference call is scheduled for April 29, 2022.

OneMain Holdings, Inc. (NYSE: OMF) has announced plans to report its first quarter 2022 results on April 28, 2022, after market close. The earnings release will be accessible on their investor relations website. A conference call to discuss the results and outlook is scheduled for April 29, 2022, at 8:30 a.m. Eastern, available to the public via a toll-free number or a live audio webcast. OneMain focuses on providing nonprime customers access to responsible credit solutions, with over 1,400 locations in 44 states.

OneMain Financial was awarded the “Social Project Bond of the Year” by Environmental Finance for its $750 million Social Bond issued in June 2021. Recognized by over 40 investors and experts, this bond aims to finance loans in credit-underserved areas of the U.S., focusing on women and minority borrowers. CFO Micah Conrad highlighted the bond issuance as an extension of their commitment to providing responsible credit access for nonprime customers. OneMain continues to lead in social finance with its new Social ABS Framework.

OneMain Holdings (NYSE: OMF) announced that Chairman and CEO Doug Shulman and CFO Micah Conrad will present at the Credit Suisse 23rd Annual Financial Services Forum. This event will take place at 12:10 p.m. Eastern on Thursday, February 17. The public can access the live audio webcast via the Investor Relations section of OneMain's website.

OneMain Financial specializes in providing nonprime customers with responsible credit access and operates in 1,400 locations across 44 states, focusing on enhancing financial well-being for hardworking Americans.

OneMain Financial has launched a new national credit education program for high school students called Credit Worthy, supported by a $4 million investment. This digital curriculum aims to improve financial literacy and will reach at least 1,500 schools by the end of 2022. As part of the initiative, OneMain will provide $300,000 in scholarships. The program addresses a critical gap, given that 68% of students lack understanding of credit scores, as highlighted by EVERFI's research.

OneMain Holdings, Inc. (NYSE: OMF) reported a 4Q 2021 net income of $262 million, down from $359 million in the prior year, with diluted EPS decreasing to $2.02 from $2.67. For the full year, net income rose to $1.3 billion and diluted EPS reached $9.87. The company raised its quarterly dividend by 36% to $0.95 per share and initiated a new $1.0 billion share repurchase program. Managed receivables at the end of Q4 totaled $19.6 billion, with a net charge-off ratio of 4.24%. The company emphasizes ongoing growth and strategic initiatives.