OneMain Holdings, Inc. reported a pretax income of $275 million and net income of $213 million for the first quarter of 2025. These figures represent substantial increases from $204 million and $155 million, respectively, in the prior year quarter. Diluted earnings per share surged to $1.78 in Q1 2025, up from $1.29 in Q1 2024.
The company demonstrated robust growth across key metrics, with managed receivables increasing 12% to $24.6 billion as of March 31, 2025, compared to $22.0 billion a year ago. Consumer loan originations also saw a significant rise of 20% to $3.0 billion in the first quarter of 2025. Total revenue for the quarter was $1.5 billion, a 10% increase from $1.4 billion in the prior year period.
Credit performance showed notable improvement, with the 30-plus days delinquency ratio decreasing to 5.16% at March 31, 2025, from 5.57% in the prior year. Net charge-offs also improved to 7.83% in Q1 2025, down from 8.58% in Q1 2024. These positive credit trends, combined with strong revenue and receivables growth, underscore the effectiveness of OneMain's disciplined underwriting and strategic investments.
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