OneMain (OMF) investor relations material

Executive summary

• Q2 2026 net income was $152 million ($1.32 per diluted share), down from $167 million ($1.40 per share) in Q2 2025; managed receivables reached $26.9 billion, up 7% year-over-year, with customer accounts at 4.0 million, driven by product innovation and growth in auto finance and credit cards.

• Consumer loan originations totaled $4.3 billion, a 10% increase year-over-year, reflecting a conservative credit posture and continued innovation.

• Maintained a conservative underwriting posture while investing in technology, data, and AI to enhance efficiency and customer experience.

• Declared a quarterly dividend of $1.05 per share and repurchased 576,000 shares for $32 million in Q2; $137 million repurchased year-to-date.

• Capital generation reached $229 million, up 3% year-over-year, supported by receivable growth and yield improvement.

Financial highlights

• Total revenue for Q2 2026 was $1.62 billion, up from $1.53 billion in Q2 2025; interest income rose 6% to $1.42 billion.

• Adjusted net income was $151 million, with adjusted diluted EPS of $1.31, both down from $173 million and $1.45 in Q2 2025.

• Provision expense was $610 million, including $506 million in net charge-offs and a $104 million reserve build.

• Operating expenses were $439 million, up 6% year-over-year; OpEx ratio was 6.7%.

• Return on assets for the quarter was 2.3%, compared to 2.5% in Q2 2025.

Outlook and guidance

• 2026 guidance reiterated: managed receivables growth of 6%-9%, C&I net charge-offs between 7.4%-7.9%, and OpEx ratio around 6.6%.

• Expect continued improvement in credit performance and significant decline in losses in H2 2026.

• Management remains focused on disciplined underwriting, maintaining strong liquidity, and expanding product offerings.