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Dec 31, 2023
OneMain Q4 2023 Earnings Report
OneMain reported net income of $165 million and EPS of $1.38 for Q4 2023.
Key Takeaways
OneMain Holdings, Inc. reported a decrease in net income for the fourth quarter of 2023, with $165 million compared to $176 million in the prior year quarter. EPS also decreased to $1.38 from $1.44 in the same period last year. The company repurchased 531 thousand shares for $20 million and declared a quarterly dividend of $1.00 per share.
Q4 2023 Diluted EPS was $1.38.
Q4 2023 C&I adjusted diluted EPS was $1.39.
Q4 2023 Managed receivables reached $22.2 billion.
A quarterly dividend of $1.00 per share was declared.
Forward Guidance
OneMain anticipates continued profitable growth driven by its competitive position, credit management, and new product development.
Positive Outlook
- Well positioned for the future.
- Good competitive position.
- Effective management of credit box.
- Development of new products.
- Driving profitable growth in future years.
Challenges Ahead
- Adverse changes and volatility in general economic conditions.
- Increased levels of unemployment and personal bankruptcies.
- Current inflationary environment and related trends affecting customers.
- Potential failures in information, operational, or security systems.
- Geopolitical risks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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