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Sep 30, 2020
OneMain Q3 2020 Earnings Report
Reported diluted EPS of $1.86 and C&I adjusted diluted EPS of $2.19.
Key Takeaways
OneMain Holdings, Inc. reported a pretax income of $341 million and a net income of $250 million for the third quarter of 2020. The adjusted earnings per diluted share for the C&I segment were $2.19, reflecting continued strength in the core business drivers.
Diluted EPS was $1.86 for Q3 2020.
C&I adjusted diluted EPS was $2.19 for Q3 2020.
C&I ending net finance receivables were $17.8 billion for Q3 2020.
Minimum quarterly dividend raised by 36% to $0.45 per share.
OneMain
OneMain
Forward Guidance
The company expects to maintain a minimum quarterly dividend of $0.45 per share going forward. Excess dividends above the minimum will be evaluated by the Board every first and third quarters, as is consistent with prior quarters and the company's capital allocation strategy.