Welcome to our dedicated page for OneMain Holdings news (Ticker: OMF), a resource for investors and traders seeking the latest updates and insights on OneMain Holdings stock.
OneMain Holdings, Inc. (NYSE: OMF) is a leading financial services company specializing in nonprime consumer finance. With roots dating back to 1912, OneMain has been helping individuals achieve their financial goals for over a century. The company provides personalized loan solutions through its extensive network of branches across 44 states and online platforms, offering fixed rates, fixed payments, and clear terms. OneMain's core business includes personal loans, credit and noncredit insurance products, loan servicing, and strategic acquisitions.
OneMain's business model is designed to support nonprime consumers by providing responsible access to credit. The company prides itself on its disciplined growth strategies and resilient business model, which deliver strong returns across economic cycles. OneMain's approach involves leveraging digital capabilities, expanding product offerings, and enhancing customer experiences both online and in its 1,400 physical locations.
The company's recent achievements highlight its commitment to growth and customer service. In December 2023, OneMain hosted its Investor Day where senior executives discussed the company's strength, strategic expansions, and market opportunities. This includes significant advancements in digital services and new product channels. Moreover, OneMain reported substantial financial results for the fourth quarter of 2023, with a pretax income of $220 million and a net income of $165 million.
OneMain's financial condition remains robust, supported by strong capital generation and liquidity resources. As of March 31, 2024, the company had $831 million in cash and cash equivalents, with significant undrawn capacity under its credit facilities. The company's commitment to shareholder value is reflected in its regular dividend payments and stock repurchase programs.
Key personnel changes have strengthened OneMain's leadership team. Jenny Osterhout has been appointed as CFO, and Micah Conrad as COO, effective March 31, 2024. Their extensive experience and strategic vision are expected to drive further growth and operational efficiency.
Through strategic acquisitions, OneMain continues to diversify its offerings. The recent acquisition of Foursight Capital LLC, an automobile finance company, marks OneMain's entry into the auto lending market, expanding its product portfolio and strengthening its market position.
For more information about OneMain Holdings, Inc., please visit their official website at www.OneMainFinancial.com.
OneMain Holdings, Inc. (NYSE: OMF) will report its Q1 2023 results before the market opens on April 25, 2023. The earnings report will be accessible on the company’s investor relations website. A conference call to discuss the results and outlook is scheduled for 9:00 a.m. Eastern on the same day. Interested parties can join the call by dialing 800-343-1703 (U.S.) or 785-424-1116 (international) and using conference ID 63422, or by accessing a live audio webcast on their website. A replay of the call will also be available post-event.
OneMain Financial leads in providing responsible credit access to nonprime customers and focuses on enhancing the financial well-being of Americans. With personalized solutions offered online and across 1,400 locations in 44 states, OneMain aims to make a positive community impact.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of bbb (Good) for
OneMain Holdings (NYSE: OMF) announced that Chairman and CEO Doug Shulman and CFO Micah Conrad will present at the Credit Suisse 24th Annual Financial Services Forum. The presentation is scheduled for 9:25 a.m. Eastern on Tuesday, February 14. Investors and the public can access the live audio webcast through the Investor Relations section of OneMain's website.
OneMain Financial is a leader in providing responsible credit access to nonprime customers, with a commitment to enhancing the financial well-being of Americans through personalized solutions available online and at 1,400 locations across 44 states.
OneMain Holdings reported a diluted EPS of $1.48 for 4Q 2022, down from $2.02 in the prior year. The company’s pretax income was $238 million, compared to $355 million in 4Q 2021. Full-year net income decreased to $878 million in 2022 from $1.3 billion in 2021. The company raised its quarterly dividend by 5.3% to $1.00 per share and repurchased 1.6 million shares for $57 million during the quarter. Managed receivables reached $20.8 billion, a 6% increase year-over-year. However, personal loan originations fell 9% to $3.5 billion.
OneMain Financial has announced a commitment of $50 million to support minority depository institutions (MDIs) and military veterans. The funding is divided into two equal parts, with $25 million allocated to MDIs, including Sunstate Bank in Florida and First Independence Bank in Michigan. The remaining $25 million will go to Academy Securities, an investment bank owned by disabled veterans, aimed at providing training and job placement services for veterans. OneMain's efforts are in line with its mission to improve financial well-being in underserved communities.
OneMain Holdings, Inc. (NYSE: OMF) will report its fourth-quarter 2022 earnings on February 7, 2023, before the market opens. A conference call to discuss results and outlook will follow at 9:00 a.m. Eastern that day. Interested parties can access the earnings release via OneMain’s investor relations website. The company focuses on providing nonprime customers responsible access to credit, aiming to enhance their financial well-being through personalized solutions offered both online and across its 1,400 locations in 44 states.
OneMain Holdings reported a diluted EPS of $1.52 for Q3 2022, down from $2.17 year-over-year. The company achieved net income of $188 million, a decrease from $288 million in the previous year. Despite these declines, managed receivables rose to $20.5 billion, a 7% increase year-over-year. The company declared a quarterly dividend of $0.95 per share and repurchased 1.2 million shares for $42 million during Q3. Higher net charge-offs and an increased allowance for finance receivable losses impacted earnings. Operating expenses rose 6% to $359 million as part of ongoing business investments.
OneMain Financial has launched a Borrower’s Assistance program for Hurricane Ian victims in Florida, allowing eligible customers to defer loan payments until October 31. The program covers 17 affected counties and ensures no late fees for participants. OneMain is closely monitoring other impacted areas and organizing a community relief event on October 8 in Port Charlotte. With 69 branches and nearly 170,000 customer accounts in Florida, the company is committed to supporting its clients during this crisis.
OneMain Holdings, Inc. (NYSE: OMF) will report its third quarter 2022 results on October 26, 2022, after the market closes. A conference call to discuss the results and outlook is scheduled for October 27, 2022, at 8:30 a.m. Eastern. Interested parties can access the earnings release on the OneMain investor relations website. OneMain specializes in providing credit access to nonprime customers and operates in 1,400 locations across 44 states, aiming to enhance the financial well-being of hardworking Americans.
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