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Sep 30, 2024

OneMain Q3 2024 Earnings Report

OneMain reported strong originations and revenue growth with continued improvements in credit trends.

Key Takeaways

OneMain Holdings, Inc. reported a net income of $157 million for the third quarter of 2024, compared to $194 million in the prior year quarter. Earnings per diluted share were $1.31, compared to $1.61 in the prior year quarter. Consumer loan originations totaled $3.7 billion, up 13% from the prior year quarter.

Q3 2024 Diluted EPS of $1.31

Q3 2024 C&I adjusted diluted EPS of $1.26

Q3 2024 Managed receivables of $24.3 billion

Declared quarterly dividend of $1.04 per share

Total Revenue
$972M
Previous year: $901M
+7.9%
EPS
$1.26
Previous year: $1.57
-19.7%
Origination Volume
$3.7B
Previous year: $3.3B
+12.1%
Cash and Equivalents
$577M
Previous year: $1.2B
-51.9%
Free Cash Flow
$677M
Total Assets
$25.6B
Previous year: $24.1B
+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, October 30, 2024.