NYSE$OMF

OneMain Holdings Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported diluted EPS of $1.48 and C&I adjusted diluted EPS of $1.46. Managed receivables reached $20.6 billion, and a quarterly dividend of $1.00 per share was declared. The company repurchased 683 thousand shares for $27 million.

OneMain Holdings, Inc. reported a pretax income of $235 million and a net income of $179 million for Q1 2023, compared to $399 million and $303 million respectively, in the prior year quarter. Earnings per diluted share were $1.48, down from $2.38 in the prior year quarter. The company saw strong demand and credit stabilization, with a strong balance sheet positioning it well in an uncertain macroeconomic environment.

  • Diluted EPS for 1Q 2023 was $1.48.
  • C&I adjusted diluted EPS for 1Q 2023 was $1.46.
  • Managed receivables for 1Q 2023 reached $20.6 billion.
  • A quarterly dividend of $1.00 per share was declared.

Headline financials

Total Revenue

$1.03B

Previous: $1.03B+0.0%
EPS (adj)

$1.46

Previous: $2.35-37.9%
Consumer Loan Originations

$2.8B

Previous: $2.96B-5.4%
Free Cash Flow

$179M

Previous: $301M-40.5%
Net Income

$179M

Previous: $301M-40.5%
Operating Income

$300M

Previous: $469M-36.0%
Gross Profit

$600M

Previous: $749M-19.9%
Cash & Equivalents

$544M

Previous: $640M-15.0%
Total Assets

$22.4B

Previous: $21.8B+2.9%
Stock-Based Comp

$12M

Previous: $12M+0.0%

Revenue & EPS history

OneMain · Revenue · Quarterly

$1.03B

Q1 2023+0%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

OneMain · $1.09B total across 1 segment · Q1 2023

  • Consumer & Insurance
    $1.09B-13.3%

Forward guidance

OneMain's strong balance sheet positions it well in this uncertain macroeconomic environment, and it will continue to carefully manage credit while maintaining a sharp focus on its strategic priorities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.6%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+0.2%

Avg return

30 days after

57%

31 / 54 earnings

Positive

+24.7%

Q2 2014

Best reaction

-38.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-4.9%-5.9%
Q4 2025-1.4%-2.3%-15.5%
Q3 2025+10.1%+9.2%+11.3%
Q2 2025+0.9%+0.4%+4.5%
Q1 2025-1.1%+0.4%+6.8%
Q4 2024-3.2%-1.1%-6.4%
Q3 2024+4.6%+5.6%+20.8%
Q2 2024-8.6%-16.5%-7.0%
Q1 2024-0.2%+0.7%-4.7%
Q4 2023-7.4%-2.1%+2.0%
Q3 2023-4.2%-3.5%+4.4%
Q2 2023-5.5%-5.3%-16.8%
Q1 2023-0.6%-0.6%-3.5%
Q4 2022+8.7%+7.3%-6.0%
Q3 2022+10.1%+18.6%+18.7%
Q2 2022-3.6%+0.0%-5.6%
Q1 2022+2.7%+6.8%-1.1%
Q4 2021-1.0%+2.8%-11.3%
Q3 2021-6.6%-8.6%-16.7%
Q2 2021+0.1%+1.1%-6.8%
Q1 2021+2.5%+4.2%+2.2%
Q4 2020+1.1%-4.4%-2.0%
Q3 2020-2.6%-7.6%+9.2%
Q2 2020+12.9%+13.9%+15.0%
Q1 2020+20.5%+17.9%+34.3%
Q4 2019+7.4%+9.5%-27.2%
Q3 2019+6.2%+11.5%+16.8%
Q2 2019+16.9%+14.0%-1.6%
Q1 2019-2.7%-1.6%-10.5%
Q4 2018+12.1%+13.1%+11.1%
Q3 2018+12.5%+7.8%+6.6%
Q2 2018-2.0%+5.5%+7.6%
Q1 2018+0.4%+1.0%+1.1%
Q4 2017+5.2%+4.2%-1.0%
Q3 2017+2.6%-0.4%-17.9%
Q2 2017+0.2%+2.4%+2.6%
Q1 2017+6.5%+5.1%+3.3%
Q4 2016+10.5%+16.4%+9.1%
Q3 2016-38.0%-28.8%-16.7%
Q2 2016+8.3%+4.2%+6.1%
Q1 2016+0.9%
Q4 2015-3.1%
Q3 2015-5.9%
Q2 2015-7.7%
Q1 2015-1.0%
Q4 2014+2.9%
Q3 2014+7.2%
Q2 2014+24.7%
Q1 2014-6.9%
Q2 2013+1.3%
Q1 2012+1.3%
Q4 2012+1.3%
Q4 2013-6.1%
Q3 2013+1.9%
Q1 2013
Q3 2012
Q2 2011
Q1 2011
Q2 2010
Q1 2010

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