OneMain Holdings, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported pretax income of $233 million and net income of $185 million for the third quarter of 2026, compared to $263 million and $199 million, respectively, in the prior year quarter.
• Diluted earnings per share (EPS) were $1.60 in Q3 2026, down from $1.67 in the prior year quarter.
• Consumer and Insurance (C&I) adjusted pretax income was $232 million and adjusted net income was $174 million, compared to $303 million and $227 million, respectively, in the prior year quarter.
• C&I adjusted diluted EPS was $1.51 in Q3 2026, compared to $1.90 in the prior year quarter.
• Capital generation was $284 million for the quarter, up from $272 million in the prior year period.
• Total revenue was $1.7 billion, up 7% from $1.6 billion in the prior year quarter.
• Interest income was $1.5 billion, up 7% from $1.4 billion in the prior year quarter.
• Interest expense was $345 million, up 8% from $320 million in the prior year quarter.
• Provision for finance receivable losses was $615 million, up from $488 million in the prior year period.
• Operating expenses were $453 million, up 6% from $427 million in the prior year quarter.
• Managed receivables were $28.1 billion at September 30, 2026, up 9% from $25.9 billion at September 30, 2025.
• Net finance receivables (GAAP) were $26.273 billion at September 30, 2026.
• Long-term debt balances were $24.4 billion as of September 30, 2026, with 52% secured.
• Cash and cash equivalents were $936 million as of September 30, 2026.

Guidance and Future Outlook:

• Management stated confidence in delivering attractive returns for shareholders well into the future.
• The company highlighted its ability to drive growth while maintaining rigorous credit discipline.

Business Segments and Product Lines:

• Consumer loan originations totaled $4.5 billion in Q3 2026, up 17% from $3.9 billion in the prior year quarter.
• The increase in revenue and capital generation was driven by receivables growth, partially offset by higher net charge-offs in the current quarter compared to the prior year period.
• The allowance for finance receivable losses increased $146 million during the quarter, driven by receivables growth.
• C&I segment metrics show a 30+ delinquency ratio of 5.34% and a 90+ delinquency ratio of 2.26% as of September 30, 2026.
• Net charge-offs were 6.89% for the quarter ended September 30, 2026, compared to 6.67% in the prior year period.

Market and Competitive Landscape:

• OneMain Holdings, Inc. is described as the leader in offering nonprime consumers responsible access to credit.
• The company operates in 48 states with more than 1,300 locations and online presence.

Risks and Challenges:

• Forward-looking statements note risks including adverse changes in general economic conditions, interest rate environment, and financial markets.
• Risks include the sufficiency of the allowance for finance receivable losses, increased unemployment, personal bankruptcies, and inflationary trends affecting customers.
• Potential risks involve natural events, cyber incidents, geopolitical risks, and changes in federal, state, or local laws and regulations.
• The company faces risks associated with its substantial indebtedness and the ability to access capital markets.

Management Commentary and Tone:

• Doug Shulman, Chairman and CEO, stated: "We delivered another strong quarter, building on the positive momentum across our business and demonstrating our ability to drive growth while maintaining rigorous credit discipline."
• Management expressed confidence in the company's ability to deliver attractive returns for shareholders well into the future.

Other Key Points:

• Declared a quarterly dividend of $1.05 per share, payable on November 13, 2026, to record holders as of November 9, 2026.
• Repurchased approximately 538 thousand shares of common stock for $34 million during the quarter.
• Liquidity resources include $936 million in cash, $1.0 billion of undrawn committed capacity from an unsecured corporate revolver, $6.5 billion of undrawn committed capacity under revolving conduit facilities and credit card variable funding note facilities, and $12.3 billion of unencumbered receivables.
• Net leverage (net adjusted debt to adjusted capital) was 5.5x as of September 30, 2026.
• Adjusted tangible common equity was $1,898 million as of September 30, 2026.
• A conference call and webcast were hosted on October 30, 2026, to discuss results and outlook.