OneMain Q1 EPS $1.29; raises dividend 4% to $1.04 per share

OneMain Holdings, Inc.

2024-Q1 EPS reported $1.29

GAAP diluted EPS $1.29 vs $1.48 prior year; adjusted EPS $1.45 vs $1.46.
Revenue $1.4B up 7% YoY; managed receivables $22.0B, up 6% from $20.6B.
Declared quarterly dividend $1.04/share (4% increase); payable May 17, 2024.
Net charge-off ratio 8.58% vs 7.72% prior year; provision $431M (+$46M).
Incurred $27M restructuring charge; repurchased 109k shares for $5M.

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 first quarter of 2024 results: revenue $1.4 billion, net income $155 million, EPS $1.29 per diluted share.

Period: first quarter of 2024
Revenue: $1.4 billion
Net income: $155 million
EPS: $1.29 per diluted share
Result: reported results

Exact text from the filing

billion in the first quarter of 2024, down 10% from $2.8 billion in the prior year quarter. Interest income and total revenue in the first quarter of 2024 was $1.2 billion and $1.4 billion, respectively, up 7% from prior year quarter of $1.1 billion and $1.3 billion. This growth was driven by higher average net finance receivables. Interest expense was $276 million

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Source: SEC EDGAR

accession 0001584207-24-000012

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