OneMain Financial (NYSE: OMF) reported second-quarter 2026 results on June 30, indicating a 10% year-over-year growth in originations, with total quarterly originations reaching $4.3 billion. Managed receivables grew by 7% to $26.9 billion. The company reported a GAAP net income of $152 million, or $1.32 per diluted share, compared to $1.40 per share a year earlier.
Key financial metrics included a 6% increase in total revenue to $1.6 billion and a consumer loan yield of 22.7%. Credit trends showed improvements, with 30-89 day delinquencies at 2.82%, down from the prior year. OneMain expanded its customer base to over 4 million accounts, driven by a 19% increase in auto finance originations and a 44% rise in credit card accounts.
The company maintained a conservative underwriting posture, with loan loss reserves totaling $2.9 billion, representing 11.6% of net receivables. Shulman emphasized a commitment to internal recovery efforts, and management expects further improvements in delinquency rates and overall credit performance in the latter half of 2026.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
