Welcome to our dedicated page for Onemain Hldgs news (Ticker: OMF), a resource for investors and traders seeking the latest updates and insights on Onemain Hldgs stock.
OneMain Holdings Inc (OMF) delivers personal loan solutions and nonprime consumer credit through its nationwide branch system and digital platforms. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping the consumer finance sector.
Access comprehensive coverage of OMF's earnings reports, regulatory filings, and operational milestones. Our curated collection includes updates on loan portfolio management, credit risk strategies, and expansion efforts like the company's entry into auto lending through strategic acquisitions.
Monitor critical announcements including dividend declarations, leadership changes, and compliance updates. The resource serves as both historical archive and current awareness tool, enabling users to track emerging patterns in nonprime lending markets and corporate decision-making.
Bookmark this page for streamlined access to OneMain Holdings' official communications and third-party analysis. Check regularly for updates reflecting the company's evolving position in consumer finance and its responses to regulatory changes in the lending sector.
Concerned Shareholders of Oportun Financial (NASDAQ: OPRT) have reiterated their call for Ginny Lee, Chair of the Nominating, Governance and Social Responsibility Committee, to resign from the Board of Directors. The group, led by Bradley Radoff and Josh Schechter, cites significant value destruction during Lee's tenure and an apparent inability to hold management accountable. Key points include:
1. -87.68% total shareholder return since Lee joined the Board in 2021, underperforming peers and indices.
2. Concerns over executive compensation practices.
3. Lee's lack of prior public company board experience.
4. Only 28.4% of outstanding shares supported Lee's re-election at the 2024 Annual Meeting.
The shareholders argue that Lee's continuation on the Board is not in the best interests of the company and its investors, urging her immediate resignation.
Pagaya Technologies (NASDAQ: PGY) and OneMain Financial (NYSE: OMF) have announced a new partnership to expand credit access for auto finance customers. OneMain will utilize Pagaya's AI-driven lending technology to serve customers outside its existing credit criteria. This collaboration aims to broaden OneMain's ability to provide auto loans to qualified borrowers.
Sanjiv Das, President of Pagaya Technologies, expressed enthusiasm for the partnership, highlighting their commitment to helping large lenders increase financial opportunities for customers. Micah Conrad, COO of OneMain, emphasized that the partnership will enable them to continue serving hardworking Americans by expanding access to auto loans. Both companies are exploring the possibility of expanding their collaboration into a broader enterprise agreement.
OneMain Holdings, Inc. (NYSE: OMF) reported its Q2 2024 results, showing a pretax income of $92 million and net income of $71 million. The company's earnings per diluted share were $0.59, down from $0.85 in the prior year quarter. OneMain declared a quarterly dividend of $1.04 per share and repurchased 152,000 shares for $8 million. The Consumer and Insurance (C&I) segment reported adjusted pretax income of $163 million and adjusted net income of $122 million. Managed receivables grew 11% year-over-year to $23.7 billion. Consumer loan originations totaled $3.6 billion, down 4% from the previous year. The company's total revenue increased by 7% to $1.4 billion, driven by higher average net finance receivables.
OneMain Holdings (NYSE: OMF) announced it will release its second quarter 2024 results on July 31, 2024, before market open. The results will be accessible on the company's investor relations website. A conference call to discuss the results and outlook has been scheduled for 9:00 a.m. Eastern on the same day. The public can join the call using the provided phone numbers and conference ID, or listen via a live webcast. A replay will be available on the website post-event.
OneMain Holdings (NYSE: OMF) will present at the 2024 TD Cowen Financial Services & Fintech Summit on June 6 at 11:30 a.m. Eastern. The presentation will feature Doug Shulman, Chairman and CEO, and Jenny Osterhout, CFO. The public can listen to the live audio webcast through the Investor Relations section of OneMain's website.
OneMain Holdings, Inc. reported first quarter 2024 results with diluted EPS of $1.29, pretax income of $204 million, and net income of $155 million. The company raised its quarterly dividend by 4% to $1.04 per share and repurchased 109 thousand shares for $5 million. Managed receivables were $22.0 billion, up 6% from the previous year. Despite a $27 million restructuring charge, OneMain remains focused on customer service and strategic initiatives.
