Onemain Hldgs Inc Stock Price, News & Analysis

OneMain Holdings, Inc. (NYSE: OMF) will report its fourth quarter 2021 results on February 2, 2022, after market close. The earnings release will be accessible on the company's investor relations website. A conference call to discuss the results will take place on February 3, 2022, at 8:30 a.m. Eastern, open to the public via phone and live audio webcast. OneMain is a leader in providing responsible credit access to nonprime customers through personalized solutions across 1,400 locations in 44 states.

OneMain Financial, the largest nonprime installment lender in the U.S., launched a Borrower’s Assistance program on Dec. 16 to aid customers in Kentucky affected by recent tornadoes. The program will run until Jan. 17, offering options like deferring loan payments without added fees for those eligible. The company also donated $15,000 to Feeding America’s Tornado Relief Fund and is conducting collection drives for necessities. With 36 branches in Kentucky, OneMain serves over 55,000 customers in the state, emphasizing its commitment to community support.

OneMain Holdings has increased its share repurchase authorization from $200 million to $300 million. As of December 13, 2021, the company repurchased 4.6 million shares for $186 million under the previous authorization. The company plans to discuss its future capital return strategy during the upcoming fourth quarter earnings call. The repurchase program will be determined by market conditions and funded by existing cash and future operational cash flow.

OneMain Financial has announced the election of Philip L. Bronner to its Board of Directors, effective November 8. Bronner, co-founder of Ardent Venture Partners, brings significant expertise in technology and innovation, vital for OneMain's mission to serve nonprime customers. Concurrently, directors Matthew R. Michelini and Lisa Green Hall have resigned from the board on the same date. CEO Doug Shulman expressed gratitude for their service, recognizing the board's transformation amidst ongoing challenges in the financial sector.

OneMain Holdings, Inc. (NYSE: OMF) has priced an underwritten public offering of 10,010,208 shares, representing approximately 7.6% of its outstanding stock as of October 15, 2021. The shares are being sold by an entity managed by Apollo Global Management, with no proceeds going to the Company. Closing is expected on October 28, 2021. Concurrently, OneMain will buy back 1,870,000 shares at the offering price, funded by existing cash. Barclays is the sole underwriter for this offering.

OneMain Holdings, Inc. (NYSE: OMF) has announced a proposed secondary public offering of 10,010,208 shares of its common stock, representing 7.6% of outstanding shares. The offering is managed by affiliates of Apollo Global Management, with the company not selling any shares or receiving proceeds. Concurrently, OneMain plans to repurchase up to $100 million worth of shares from the offering's proceeds, subject to market conditions. The buyback will utilize existing cash and is separate from the current repurchase program, which still has $78 million available.

OneMain Holdings reported strong financial results for Q3 2021, with diluted EPS of $2.17, up from $1.86 YoY, and net income of $288 million, a significant increase from $250 million last year. The company declared a quarterly dividend of $0.70 per share, maintaining consistent shareholder returns. Originations reached $3.9 billion, a 34% increase from Q3 2020. However, the 30-89 day delinquency ratio rose to 2.20%, indicating potential credit quality concerns. Overall, OneMain's strategic initiatives and favorable economic conditions contribute to a positive growth trajectory.

OneMain Holdings, Inc. (NYSE: OMF), the largest near-prime installment lender in the U.S., will release its third quarter 2021 results on October 20, 2021. A conference call to discuss the results and future outlook is scheduled for October 21, 2021, at 8:30 a.m. Eastern. Investors can access the earnings release and call through the company's investor relations website.

OneMain operates approximately 1,400 locations across 44 states, focusing on enhancing the financial well-being of hardworking Americans.

OneMain Holdings, Inc. (NYSE: OMF), the largest near-prime installment lender in the U.S., announced that Doug Shulman, Chairman and CEO, and Micah Conrad, CFO, will present at the Barclays Global Financial Services Conference on September 14 at 9:00 a.m. Eastern time. This event offers an opportunity for the public to hear from company leaders regarding OneMain's mission to enhance the financial well-being of hardworking Americans.

A live audio webcast will be accessible through the Investor Relations section of OneMain’s website.