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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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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