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Mar 31, 2023
OneMain Q1 2023 Earnings Report
Reported diluted EPS of $1.48 and C&I adjusted diluted EPS of $1.46. Managed receivables reached $20.6 billion, and a quarterly dividend of $1.00 per share was declared. The company repurchased 683 thousand shares for $27 million.
Key Takeaways
OneMain Holdings, Inc. reported a pretax income of $235 million and a net income of $179 million for Q1 2023, compared to $399 million and $303 million respectively, in the prior year quarter. Earnings per diluted share were $1.48, down from $2.38 in the prior year quarter. The company saw strong demand and credit stabilization, with a strong balance sheet positioning it well in an uncertain macroeconomic environment.
Diluted EPS for 1Q 2023 was $1.48.
C&I adjusted diluted EPS for 1Q 2023 was $1.46.
Managed receivables for 1Q 2023 reached $20.6 billion.
A quarterly dividend of $1.00 per share was declared.
OneMain
OneMain
OneMain Revenue by Segment
Revenue by Segment
Consumer & Insurance Revenue
CapyFin.com Forward Guidance
OneMain's strong balance sheet positions it well in this uncertain macroeconomic environment, and it will continue to carefully manage credit while maintaining a sharp focus on its strategic priorities.