Stock Track | OneMain Holdings Soars on Robust Q3 Earnings and Loan Growth

Stock Track10-30

OneMain Holdings Inc. (OMF) shares surged 6.69% on Monday, lifted by the company's strong third-quarter 2024 financial results and continued loan portfolio expansion.

The consumer finance company reported adjusted earnings per share of $1.26 for the quarter ended September 30, 2024, surpassing analyst estimates of $1.14. While total revenue of $972 million missed expectations slightly, it grew 7.88% year-over-year, driven by a 9% increase in interest income.

OneMain's net finance receivables rose 11% from a year earlier to $23.1 billion, as consumer loan originations climbed 13% to $3.7 billion. The company's allowance for finance receivable losses and delinquency ratios remained relatively stable, indicating steady credit quality.

Reflecting its financial strength, OneMain extended its share repurchase program through December 2026 and maintained its quarterly dividend at $1.04 per share. These shareholder-friendly actions, combined with the company's robust earnings and loan growth, boosted investor confidence and drove the stock higher.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1192360440?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 21:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1192360440","market":"hk","top_or_hot":-1,"title":"Stock Track | OneMain Holdings Soars on Robust Q3 Earnings and Loan Growth","media":"Stock Track","content":"<p>OneMain Holdings Inc. (OMF) shares surged 6.69% on Monday, lifted by the company's strong third-quarter 2024 financial results and continued loan portfolio expansion.</p>\n\n<p>The consumer finance company reported adjusted earnings per share of $1.26 for the quarter ended September 30, 2024, surpassing analyst estimates of $1.14. While total revenue of $972 million missed expectations slightly, it grew 7.88% year-over-year, driven by a 9% increase in interest income.</p>\n\n<p>OneMain's net finance receivables rose 11% from a year earlier to $23.1 billion, as consumer loan originations climbed 13% to $3.7 billion. The company's allowance for finance receivable losses and delinquency ratios remained relatively stable, indicating steady credit quality.</p>\n\n<p>Reflecting its financial strength, OneMain extended its share repurchase program through December 2026 and maintained its quarterly dividend at $1.04 per share. These shareholder-friendly actions, combined with the company's robust earnings and loan growth, boosted investor confidence and drove the stock higher.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | OneMain Holdings Soars on Robust Q3 Earnings and Loan Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | OneMain Holdings Soars on Robust Q3 Earnings and Loan Growth\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-30 21:35 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OneMain Holdings Inc. (OMF) shares surged 6.69% on Monday, lifted by the company's strong third-quarter 2024 financial results and continued loan portfolio expansion.\nThe consumer finance company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OMF","symbol_name":"OneMain Holdings, Inc","start_time":0,"source_url":"","article_id":"1192360440","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192360440","pubTimestamp":1730295315,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"OneMain Holdings Inc.  shares surged 6.69% on Monday, lifted by the company's strong third-quarter 2024 financial results and continued loan portfolio expansion.The consumer finance company reported adjusted earnings per share of $1.26 for the quarter ended September 30, 2024, surpassing analyst estimates of $1.14. While total revenue of $972 million missed expectations slightly, it grew 7.88% year-over-year, driven by a 9% increase in interest income.OneMain's net finance receivables rose 11% f","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OMF":"OneMain Holdings, Inc"},"translate_title":"股票赛道OneMain Holdings因第三季度盈利和贷款增长强劲而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OMF":1},"content_text":"OneMain Holdings Inc. (OMF) shares surged 6.69% on Monday, lifted by the company's strong third-quarter 2024 financial results and continued loan portfolio expansion.\nThe consumer finance company reported adjusted earnings per share of $1.26 for the quarter ended September 30, 2024, surpassing analyst estimates of $1.14. While total revenue of $972 million missed expectations slightly, it grew 7.88% year-over-year, driven by a 9% increase in interest income.\nOneMain's net finance receivables rose 11% from a year earlier to $23.1 billion, as consumer loan originations climbed 13% to $3.7 billion. The company's allowance for finance receivable losses and delinquency ratios remained relatively stable, indicating steady credit quality.\nReflecting its financial strength, OneMain extended its share repurchase program through December 2026 and maintained its quarterly dividend at $1.04 per share. These shareholder-friendly actions, combined with the company's robust earnings and loan growth, boosted investor confidence and drove the stock higher.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1192360440"}