Quarterly ResultJul 30, 2026, 04:53 PM
OneMain Q2 Net Income $152M, EPS $1.32; Provision for Losses Up 19%
AI Summary
OneMain Holdings, Inc. reported a net income of $152 million for the second quarter of 2026, a decrease from $167 million in the same period last year, with basic EPS falling to $1.32 from $1.40. Despite a 6.75% increase in net interest income to $1,091 million, the company saw a significant 19.4% rise in its provision for finance receivable losses, reaching $610 million. For the first half of 2026, net cash provided by operating activities improved to $1,539 million, and total assets slightly increased to $27,424 million.
Key Highlights
- Net income for Q2 2026 was $152 million, a 9% decrease from $167 million in Q2 2025.
- Basic earnings per share (EPS) for Q2 2026 was $1.32, down from $1.40 in Q2 2025.
- Net interest income increased by 6.75% to $1,091 million in Q2 2026 from $1,022 million in Q2 2025.
- Provision for finance receivable losses rose 19.4% to $610 million in Q2 2026 from $511 million in Q2 2025.
- Net cash provided by operating activities for H1 2026 increased to $1,539 million from $1,439 million in H1 2025.
- Total assets stood at $27,424 million as of June 30, 2026, a slight increase from $27,388 million at year-end 2025.
- Net finance receivables grew to $25,145 million as of June 30, 2026, up from $24,833 million at year-end 2025.
- Cash dividends declared were $1.05 per share for Q2 2026, compared to $1.04 per share for Q2 2025.
Price Impact
More from OMF