OneMain profit climbs to $226M as managed receivables hit $26B

OneMain Holdings (NYSE:OMF) reported solid financial growth for the first quarter of 2026, posting net income of $226 million, up from $213 million in the prior-year period.

Pretax income rose to $296 million, while diluted earnings per share reached $1.93.

On an adjusted basis, the Consumer and Insurance (C&I) segment delivered a diluted EPS of $1.95, reflecting the company’s disciplined credit approach and the scaling of newer product lines.

Total revenue for the quarter reached $1.6 billion, supported by a managed receivables portfolio that climbed to $26.1 billion.

Consumer loan originations remained steady at $3.1 billion, as OneMain navigated a cautious but active lending environment for non-prime consumers.

Credit performance remained a focal point, with a provision for losses of $465 million, while operating expenses were managed at $437 million.

Capital return to shareholders remained a primary pillar of the company’s strategy.

OneMain’s Board of Directors declared a quarterly dividend of $1.05 per share, payable on May 15, 2026.

Additionally, the company utilized its robust liquidity to repurchase approximately 1.9 million shares of common stock for $105 million during the quarter.

As of March 31, 2026, OneMain’s balance sheet featured principal debt of $22.7 billion and a strong cash position.