OneMain (OMF) investor relations material

Executive summary

• Achieved strong first quarter 2026 results with managed receivables up 6% year-over-year to $26.1 billion and adjusted EPS rising to $1.95, supported by disciplined underwriting and strategic growth in personal loans, auto finance, and credit cards.

• Net income increased to $226 million, with diluted EPS of $1.93, and customer accounts grew to 3.8 million, up 12% year-over-year.

• Maintained robust balance sheet, strong liquidity, and ongoing capital generation, with a focus on shareholder returns through dividends and share repurchases.

• Continued investment in AI, technology, and product innovation to drive growth and efficiency.

• Operations span 48 states, focusing on nonprime consumers and insurance products.

Financial highlights

• Total revenue for Q1 2026 was $1.6 billion, up 6% year-over-year, with interest income rising to $1.4 billion.

• GAAP net income was $226 million, with adjusted net income at $229 million; diluted EPS was $1.93, and adjusted EPS was $1.95, both up year-over-year.

• Managed receivables ended at $26.1 billion, up $1.5 billion or 6% year-over-year; customer accounts reached 3.8 million.

• Consumer loan originations were $3.1 billion, up 3% year-over-year; auto managed receivables totaled $2.8 billion; credit card receivables reached $983 million.

• Dividend yield was approximately 7%, with a quarterly dividend of $1.05 per share declared; $105 million in share repurchases completed.

Outlook and guidance

• 2026 guidance reiterated: managed receivables growth of 6–9%, net charge-offs of 7.4–7.9%, and operating expense ratio of ~6.6%.

• Management expects continued capital generation, profitable growth, and disciplined underwriting.

• Strategic priorities include expanding product offerings and maximizing returns amid macroeconomic uncertainty.