Q3 2025 OneMain Holdings Inc Earnings Call Transcript
Key Points
- OneMain Holdings Inc (OMF) reported a 29% year-over-year increase in capital generation, reaching $272 million.
- The company achieved a 51% increase in C&I adjusted earnings per share, reaching $1.90.
- Total revenue grew by 9%, with receivables increasing by 6% year over year.
- The credit card business saw a significant milestone, surpassing 1 million customers, with a revenue yield increase to over 32%.
- The company successfully issued two unsecured bonds totaling $1.6 billion with tight spreads, enhancing its strong balance sheet.
- Despite improvements, the back book still represents 19% of the 30+ delinquency, disproportionately affecting credit results.
- Interest expense increased by 7% compared to the third quarter of 2024, driven by higher average debt to support receivables growth.
- Operating expenses rose by 8% year over year, reflecting investments in technology, data analytics, and new products.
- The company faces continued economic uncertainty, which could impact future performance.
- The auto finance business, while stable, remains a small player in the market, limiting its immediate impact on overall growth.
Yeah.
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Welcome to the One Main Financial 3rd quarter 2025 earnings conference call and webcast.
Hosting the call today from One Main is Peter Pouan, head of investor relations.
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It is now my pleasure to turn the floor over to Peter
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