OneMain Q4 2020 Earnings Report
Key Takeaways
OneMain Holdings reported a strong fourth quarter with pretax income of $476 million and net income of $359 million, compared to $344 million and $261 million respectively in the prior year quarter. Earnings per diluted share were $2.67, compared to $1.91 in the prior year quarter. The company declared a dividend of $3.95 per share.
Q4 2020 diluted EPS was $2.67.
C&I adjusted diluted EPS for Q4 2020 was $2.77.
C&I Ending Net Finance Receivables for Q4 2020 reached $18.1 billion.
C&I Net Charge-Off ratio for Q4 2020 was 4.18%.
OneMain
OneMain
Forward Guidance
The company expects to maintain a minimum quarterly dividend of $0.45 per share going forward. 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.