OneMain Q3 net income falls to $185 million as loan growth rises
Key points
- OneMain Holdings (NYSE:OMF) reported third-quarter 2026 net income of $185 million, down from $199 million a year earlier, while diluted EPS declined to $1.60 from $1.67.
- Consumer and Insurance revenue increased 7% to $1.7 billion, while consumer loan originations rose 17% to $4.5 billion.
- OneMain declared a $1.05 quarterly dividend and repurchased approximately 538,000 shares for $34 million during the quarter.
OneMain Holdings (NYSE:OMF) reported third-quarter 2026 net income of $185 million, down from $199 million a year earlier, while diluted earnings per share declined to $1.60 from $1.67.
The results reflected higher Consumer and Insurance revenue and loan originations, although adjusted net income for the segment declined to $174 million from $227 million in the prior-year quarter.
Consumer and Insurance revenue increased 7% to $1.7 billion, while consumer loan originations rose 17% to $4.5 billion and managed receivables reached $28.1 billion as of September 30, up 9% year over year.
The provision for finance receivable losses increased to $615 million from $488 million, while consumer loan net charge-offs reached 6.89%, compared with 6.67% a year earlier and 7.77% in the previous quarter.
OneMain declared a quarterly dividend of $1.05 per share, payable November 13, 2026, to shareholders of record November 9, and repurchased approximately 538,000 shares for $34 million during the quarter.
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