Fri, May 2, 12:34 PM (17 days ago)
**OneMain Holdings, Inc. (OMF) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1.31 billion, up 12% YoY. - **Net Income:** $213 million, up 37% YoY. - **EPS:** $1.78 (diluted), up 38% YoY. - **Net Interest Income:** $996 million, up 11% YoY. - **Provision for Finance Receivable Losses:** $456 million, up 6% YoY. - **Net Interest Income after Provision:** $540 million, up 16% YoY. - **Other Revenues:** $188 million, up 5% YoY. - **Other Expenses:** $453 million, up 3% YoY. - **Income Taxes:** $62 million, up 26% YoY. **Cash Flow:** - **Operating Cash Flow:** $665 million, up 16% YoY. - **Investing Cash Flow:** -$331 million, compared to -$233 million in Q1 2024. - **Financing Cash Flow:** -$113 million, compared to -$443 million in Q1 2024. **Balance Sheet:** - **Total Assets:** $26.03 billion, up 1% YoY. - **Total Liabilities:** $22.75 billion, up 1% YoY. - **Shareholders' Equity:** $3.28 billion, up 5% YoY. - **Net Finance Receivables:** $23.33 billion, up 9% YoY. - **Allowance for Finance Receivable Losses:** $2.69 billion, down 1% YoY. - **Cash & Cash Equivalents:** $627 million, up 37% YoY. **Key Ratios:** - **Gross Charge-Off Ratio:** 9.69%, down from 10.12% in Q1 2024. - **Recovery Ratio:** -1.53%, compared to -1.46% in Q1 2024. - **Net Charge-Off Ratio:** 8.16%, down from 8.66% in Q1 2024. - **Yield:** 22.54%, up from 22.12% in Q1 2024. - **30-89 Delinquency Ratio:** 2.77%, up from 2.72% in Q1 2024. **Trends & Uncertainties:** - **Revenue Growth:** Driven by increased average net receivables and yield. - **Net Income Growth:** Driven by higher pretax income and tax benefits. - **Cash Flow:** Positive operating cash flow, offset by investing and financing activities. - **Credit Quality:** Improved charge-off ratios, but increased delinquency ratio. - **Economic Uncertainties:** Inflation, interest rates, and geopolitical risks may impact results. **Future Operations Impact:** - **Strategic Initiatives:** Focus on growth, risk management, and operational efficiency. - **Liquidity:** Adequate liquidity with diversified funding sources. - **Capital:** Strong capital position with a focus on maintaining adequate reserves. **Ticker:** OMF