OneMain Holdings Reports $152 Million Profit in Second Quarter
OneMain Holdings reported a net income of $152 million for the second quarter of 2026, a decline from the $167 million recorded during the same period last year. The nonprime consumer lender posted diluted earnings per share of $1.32, while declaring a quarterly dividend of $1.05 per share.
The company’s managed receivables reached $26.9 billion by June 30, marking a 7% increase compared to the previous year. Loan originations also saw growth, rising 10% to $4.3 billion. Despite these gains, higher net charge-offs influenced overall performance, with the provision for finance receivable losses climbing to $610 million from $511 million in the second quarter of 2025.
Chairman and CEO Doug Shulman attributed the results to disciplined underwriting and ongoing product innovation. The firm continues to lean on its balance sheet strength to navigate the current economic environment, maintaining capital generation at $229 million. Operating expenses rose to $439 million, reflecting both receivable growth and strategic business investments. OneMain repurchased approximately 576,000 shares of common stock for $32 million during the quarter.
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