OneMain Holdings (NYSE:OMF) posted a sharp increase in fourth-quarter earnings on Thursday, as the leader in non-prime consumer lending leveraged tighter underwriting and higher portfolio yields to drive a 62% jump in net income.
The New York-based lender reported fourth-quarter net income of $204 million, or $1.72 per share, up from $126 million in the prior-year period.
Total revenue grew 8% to $1.6 billion, fueled by a 9% increase in interest income as managed receivables expanded to $26.3 billion.
For the full year 2025, OneMain delivered a net profit of $783 million on earnings of $6.56 per share, showcasing a significant recovery from 2024’s cyclical pressures.
The quarter’s results were defined by improving credit metrics.
OneMain’s disciplined "conservative credit posture" led to lower net charge-offs in its Consumer and Insurance (C&I) segment, which dropped to 6.7% from 7.3% a year earlier.
This credit resilience, paired with an 8.1% surge in capital generation, allowed the board to maintain its industry-leading payout strategy.
The company also declared a $1.05 quarterly dividend and repurchased roughly 1.2 million shares for $70 million, bringing its total 2025 capital returns to nearly $600 million.