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Jun 30, 2024

OneMain Q2 2024 Earnings Report

Reported diluted EPS of $0.59 and C&I adjusted diluted EPS of $1.02. Managed receivables reached $23.7 billion.

Key Takeaways

OneMain Holdings, Inc. reported a net income of $71 million for the second quarter of 2024, compared to $103 million in the prior year quarter. Earnings per diluted share were $0.59, down from $0.85 in the prior year quarter. Managed receivables increased to $23.7 billion, up 11% year-over-year.

Diluted EPS was $0.59 for 2Q 2024.

C&I adjusted diluted EPS was $1.02 for 2Q 2024.

Managed receivables totaled $23.7 billion.

The company repurchased 152 thousand shares for $8 million in 2Q.

Total Revenue
$915M
Previous year: $873M
+4.8%
EPS
$1.02
Previous year: $1.01
+1.0%
Origination Volume
$3.6B
Previous year: $3.7B
-2.7%
Cash and Equivalents
$667M
Previous year: $1B
-33.3%
Total Assets
$25.1B
Previous year: $23.5B
+6.7%

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 31, 2024.