OneMain Q2 net income $103M ($0.85 EPS) vs $208M prior year; dividend $1.00/share

OneMain Holdings, Inc.

2023-Q2 EPS reported $2.33

Net income $103M, down from $208M YoY; diluted EPS $0.85 vs $1.67.
C&I adjusted diluted EPS $1.01; C&I capital generation $192M vs $273M YoY.
Managed receivables $21.4B (+6% YoY); personal loan yield 22.2% vs 23.1%.
Provision for finance receivable losses $479M, up $141M YoY; net charge-offs 7.60% vs 5.96%.
Declared quarterly dividend $1.00/share payable Aug 11, 2023; repurchased 169k shares for $7M.

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 0.95

OneMain Holdings, Inc. reported second quarter of 2023 results: net income net income of $103 million, EPS $0.85.

Period: second quarter of 2023
Net income: net income of $103 million
EPS: $0.85
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 $138 million and net income of $103 million for the second quarter of 2023, compared to $278 million and $208 million, respectively, in the prior year quarter. Earnings per diluted share were $0.85 in the second quarter of 2023, compared to $1.67 in the prior year quarter.

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OneMain Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001584207-23-000021

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