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NEW YORK - OneMain Holdings (NYSE:OMF), a provider of nonprime consumer credit, on Friday reported fourth quarter 2024 earnings that narrowly missed analyst expectations.
The company posted adjusted diluted earnings per share of $1.16, falling $0.01 short of the $1.17 consensus estimate.
Revenue for the quarter came in at $1.17 billion, slightly below the analyst consensus of $1.18 billion. The company did not provide a year-over-year revenue comparison in its press release.
OneMain’s Chairman and CEO Doug Shulman commented on the results, stating, "We finished the year with continued improvement in our credit trends, positioning us for improved profitability moving forward."
He added, "We feel great about our momentum going into 2025, with positive trends in both originations and credit as we continue to focus on driving profitable growth and maximizing shareholder value."
The company reported managed receivables of $24.7 billion for the fourth quarter. OneMain also declared a quarterly dividend of $1.04 per share, payable on February 20, 2025, to shareholders of record as of February 12, 2025.
For the full year 2024, OneMain reported net income of $509 million and earnings per diluted share of $4.24, compared to $641 million and $5.32 per share, respectively, in 2023.
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