On Friday, OneMain Holdings, Inc. (NYSE:OMF) announced second-quarter adjusted earnings that outpaced analyst predictions, supported by enhanced credit metrics and robust loan growth.
Following the announcement, the company’s shares climbed 1.48% in pre-market trading.
The consumer finance provider reported adjusted earnings per share of $1.45 for the quarter, well above the analyst consensus of $1.23. Revenue totaled $1.2 billion, slightly under the estimated $1.21 billion but up 10% from $1.1 billion in the same period last year.
OneMain’s managed receivables reached $25.2 billion, a 7% rise compared to $23.7 billion in Q2 2024. Consumer loan originations increased 9% to $3.9 billion from $3.6 billion a year prior.
Credit quality showed marked improvement, with the net charge-off ratio declining to 7.19% from 8.29% year-over-year. The 30+ days delinquency rate also fell to 5.17% from 5.45% in the previous year’s quarter.
“OneMain’s strong financial results in the first half of 2025 reflect the strength of our business model and our disciplined approach to underwriting,” said Doug Shulman, Chairman and CEO of OneMain. “With solid growth in high-quality originations, continued credit improvement, disciplined balance sheet management and execution of our strategic initiatives, we continue to create shareholder value.”
The company declared a quarterly dividend of $1.04 per share, payable August 13, 2025, to shareholders on record as of August 4, 2025. During the quarter, OneMain bought back roughly 460,000 shares for $21 million.
Capital generation—defined by the company as adjusted net income excluding the after-tax change in allowance for finance receivable losses—totaled $222 million for the quarter, up from $136 million in the prior year period.
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