OneMain Q1 diluted EPS $1.48 vs $2.38 YoY; net charge-offs rise to 7.72%

OneMain Holdings, Inc.

2023-Q1 EPS reported $1.48

Diluted EPS $1.48, down from $2.38 in prior year; net income $179M vs $303M.
Managed receivables $20.6B, up 6% YoY; personal loan originations $2.8B, down 5%.
Net charge-offs 7.72% (annualized) vs 5.58% prior year; provision for losses $385M, up $148M.
Declared quarterly dividend $1.00 per share, payable May 12, 2023 to holders of record May 5, 2023.
Repurchased 683k shares for $27M in Q1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OneMain Holdings, Inc. reported fiscal quarter ended March 31, 2023 results: net income $179 million, EPS $1.48.

Period: fiscal quarter ended March 31, 2023
Net income: $179 million
EPS: $1.48
Result: reported results

Exact text from the filing

OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, today reported pretax income of $235 million and net income of $179 million for the first quarter of 2023, compared to $399 million and $303 million, respectively, in the prior year quarter. Earnings per diluted share were $1.48 in the first quarter of 2023, compared to $2.38 in the prior year quarter.

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OneMain Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001584207-23-000014

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