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 reported substantial financial growth in Q2 2021, with a pretax income of $463 million and net income of $350 million, significantly up from $118 million and $89 million, respectively, a year earlier. Earnings per diluted share soared to $2.60, compared to $0.66 previously. The company declared a $4.20 dividend per share, payable on August 13, 2021. Originations rose 87% to $3.8 billion, and adjusted net income from the Consumer and Insurance segment hit $358 million. Despite this, the 30-89 day delinquency ratio rose to 1.76%. Overall, OneMain continues its focus on growth and customer financial well-being.
OneMain Holdings, Inc. (NYSE: OMF) is set to release its second quarter 2021 earnings after market close on July 21, 2021. A conference call discussing the results and outlook will take place on July 22 at 9:00 a.m. Eastern. Stakeholders can access the earnings report on the company's investor relations website. OneMain has been providing transparent personal loans for over 100 years, operating around 1,400 locations across 44 states.
OneMain Holdings (NYSE: OMF) has closed a $750 million Social Bond issuance through its subsidiary, OneMain Finance Corporation. The proceeds aim to support credit-disadvantaged communities, with at least 75% allocated to women or minority borrowers. This milestone aligns with OneMain's commitment to financial inclusion and empowering underserved groups. The bond, rated Ba3/BB-/BB+, has a 3.500% coupon and matures on January 15, 2027. The issuance reflects OneMain's dedication to corporate social responsibility and responsible lending practices.
OneMain Holdings (NYSE: OMF) announced that CFO Micah Conrad and CSO Jenny Osterhout will present at the Jefferies Virtual Consumer Conference on June 23 at 9:10 a.m. Eastern. The event will be accessible to the public via a live audio webcast on the Investor Relations section of their website. A replay of the conference will be available until September 21, 2021. With over 100 years of experience, OneMain Financial operates approximately 1,400 locations across 44 states, focusing on providing responsible personal loans.
OneMain Holdings (NYSE: OMF) announced that its subsidiary, OneMain Finance Corporation, has priced a $750 million offering of 3.500% senior notes due 2027, increasing the offering size from $500 million. The offering is expected to close on June 22, 2021, pending customary conditions. The net proceeds will help finance loans that meet the OneMain Social Bond Framework criteria, aiming to support access to financial services for underserved communities. The offering is registered with the SEC and is detailed in accompanying prospectus documents.
OneMain Holdings, Inc. (NYSE: OMF) announced a proposed offering of $500 million in senior notes due 2027 through its subsidiary, OneMain Finance Corporation. These notes will be backed by an unsecured guarantee from OneMain Holdings. Proceeds will support loans that align with the OneMain Social Bond Framework, aimed at improving access to financial services for underserved communities. Neuberger Berman has made an anchor order in this offering. No guarantee exists that the offering will complete as planned.
OneMain Holdings (NYSE: OMF) announced that Doug Shulman, Chairman and CEO, along with CFO Micah Conrad, will present at the Wells Fargo Virtual Financial Services Conference. The event is scheduled for 10:40 a.m. Eastern Time on Thursday, May 20, 2021. Investors can access the live audio webcast via the Investor Relations section of OneMain's website. A replay will be available until August 18, 2021. OneMain Financial has been providing personal loans for over 100 years and operates approximately 1,500 locations across 44 states.
OneMain Holdings, Inc. (NYSE: OMF) has announced a change in location for its 2021 Annual Meeting of Stockholders, which will now be held at its corporate offices in Evansville, Indiana. The meeting is scheduled for Tuesday, May 25, 2021, at 1:00 p.m. local time. OneMain Financial has been providing responsible loans for over 100 years, with around 1,500 locations across 44 states, focusing on personal loan solutions and community involvement.
OneMain Holdings, Inc. (NYSE: OMF) has priced a secondary public offering of 8,000,000 shares at $53.50 per share, totaling approximately 5.9% of its outstanding common stock. The offering is managed by affiliates of Apollo Global Management and Värde Partners. OneMain will not receive proceeds from this sale, expected to close on May 4, 2021. Additionally, underwriters have a 30-day option to purchase up to 1,200,000 additional shares. Investors are advised to review the prospectus for full details.
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