OneMain Q2 2026: EPS $1.32, Managed Receivables Hit $26.9B, $1.05 Dividend Declared
OMF sits 34% above its 52-week low of $45.781.
Summary
OneMain Holdings reported Q2 2026 diluted EPS of $1.32, down from $1.40 a year ago, as higher loan loss provisions offset 7% managed receivables growth to $26.9 billion. The company declared a $1.05 quarterly dividend and repurchased $32 million in shares.
Key Events · Earnings and Guidance · OMF
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Earnings Decline on Higher Provisions
Diluted EPS fell to $1.32 from $1.40 a year ago, as provision for finance receivable losses rose to $610 million from $511 million, reflecting receivables growth and a higher net charge-off ratio of 7.77% versus 7.19%.
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Managed Receivables Grow 7% to $26.9B
Managed receivables reached $26.9 billion, up from $25.2 billion a year ago, driven by a 10% increase in consumer loan originations to $4.3 billion.
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Capital Generation and Shareholder Returns
Capital generation was $229 million, up from $222 million a year ago. The company repurchased 576 thousand shares for $32 million and declared a quarterly dividend of $1.05 per share.
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Credit Quality Mixed
The 30+ delinquency ratio was flat year-over-year at 5.17%, while the 90+ delinquency ratio edged up to 2.15% from 2.12%. Net charge-offs rose to 7.77% from 7.19%.
Analysis · OMF · Finance
OneMain's Q2 results show a mixed picture: earnings per share declined to $1.32 from $1.40 a year ago, driven by a higher provision for loan losses ($610M vs $511M) and a net charge-off ratio that rose to 7.77% from 7.19%. However, the business is growing — managed receivables reached $26.9 billion, up 7% year-over-year, and originations jumped 10% to $4.3 billion. Credit quality metrics are stable sequentially, with 30+ delinquencies flat at 5.17% and 90+ delinquencies slightly higher at 2.15% versus 2.12% a year ago. The company generated $229 million in capital, up from $222 million, and returned $32 million to shareholders via buybacks while maintaining a $1.05 quarterly dividend. The results underscore a consumer lender navigating a higher-rate environment with disciplined underwriting, but rising charge-offs bear watching.
At the time of this filing, OMF was trading at $61.28 on NYSE in the Finance sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $45.78 to $71.93. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.