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NEW YORK -On Tuesday, OneMain Holdings, Inc. (NYSE:OMF) reported first quarter 2025 earnings that exceeded analyst expectations, driven by strong loan growth and improved credit performance.
The company’s stock was unchanged in premarket trading following the earnings release.
The consumer finance company posted adjusted diluted earnings per share of $1.72, beating the analyst consensus estimate of $1.55. Revenue for the quarter came in at $1.18 billion, slightly above the $1.16 billion analysts were expecting.
"As we progress through 2025, OneMain continues to be in a very strong position," said Doug Shulman, Chairman and CEO of OneMain. "Our commitment to innovative financial solutions and disciplined credit and balance sheet management sets us up to deliver exceptional value to both our customers and shareholders."
The company reported net finance receivables of $23.4 billion at the end of the quarter, up 12% from $21.1 billion a year earlier. Consumer loan originations totaled $3.0 billion, increasing 20% year-over-year.
Credit quality showed improvement, with the net charge-off ratio declining to 7.83% from 8.58% in the prior year quarter. The 30+ day delinquency ratio also decreased to 5.16% from 5.57% a year ago.
OneMain declared a quarterly dividend of $1.04 per share, payable on May 16, 2025 to shareholders of record as of May 9, 2025.
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