OneMain Holdings reported October 30 that third-quarter net income fell to $185 million from $199 million a year earlier, despite growth in consumer lending.
Diluted earnings per share declined to $1.60 from $1.67. Pretax income fell to $233 million from $263 million.
Managed receivables reached $28.1 billion at September 30, up 9% from a year earlier. That measure includes loans serviced for whole-loan-sale partners and certain auto-finance loans originated by third parties.
Consumer loan originations increased 17% to $4.5 billion. Revenue rose approximately 7% to $1.7 billion.
The provision for finance-receivable losses increased to $615 million from $488 million. OneMain said its loss allowance grew by $146 million during the quarter, driven by receivables growth.
Consumer-loan net charge-offs were 6.89%, compared with 7.77% in the preceding quarter and 6.67% a year earlier. Its 30-day-plus delinquency ratio was 5.34%, up from June but below the year-earlier level.
The company declared a $1.05-per-share quarterly dividend, payable November 13 to shareholders of record November 9.
Sources: OneMain — October 30 Results Announcement: https://www.prnewswire.com/news-releases/onemain-holdings-inc-reports-third-quarter-2026-results-302924226.html