earnings
confidence high
sentiment negative
materiality 0.75
OneMain Q1 2022 diluted EPS $2.36 (down 23% YoY); originations +30%; dividend $0.95; redeems $600M notes
OneMain Holdings, Inc.
2022-Q1 EPS reported
$2.36
- Net income $301M vs $413M YoY; diluted EPS $2.36 vs $3.06; C&I adjusted EPS $2.35 vs $3.37.
- Originations rose 30% to $3.0B; managed receivables up 11% to $19.5B; net charge-off ratio 5.58% vs 4.67% YoY.
- Declared quarterly dividend $0.95/share, payable May 13, 2022, record May 9, 2022.
- Repurchased 2.3M shares for $110M during Q1 2022.
- Redemption of all $600M 8.875% Senior Notes due 2025 at 104.438% plus accrued interest, effective June 1, 2022.