•
Jun 30, 2023

OneMain Q2 2023 Earnings Report

Reported diluted EPS of $0.85 and C&I adjusted diluted EPS of $1.01. Managed receivables reached $21.4 billion.

Key Takeaways

OneMain Holdings, Inc. reported a net income of $103 million for the second quarter of 2023, a decrease compared to $208 million in the prior year quarter. Earnings per diluted share were $0.85, down from $1.67 in the prior year quarter. Managed receivables increased to $21.4 billion, up 6% year-over-year.

Diluted EPS was $0.85 for Q2 2023.

C&I adjusted diluted EPS was $1.01 for Q2 2023.

Managed receivables totaled $21.4 billion.

The company repurchased 169 thousand shares for $7 million during the quarter.

Total Revenue
$873M
Previous year: $887M
-1.6%
EPS
$1.01
Previous year: $1.87
-46.0%
Origination Volume
$3.7B
Previous year: $3.9B
-5.1%
Cash and Equivalents
$1B
Previous year: $526M
+90.1%
Total Assets
$23.5B
Previous year: $22.2B
+5.9%

OneMain

OneMain

OneMain Revenue by Segment

Forward Guidance

OneMain management will host a conference call and webcast to discuss the Company's results, outlook, and related matters at 9:00 am Eastern Time on Wednesday, July 26, 2023.