RBC Capital maintains OneMain Holdings at Outperform, lowers price target to $70 from $71

OneMain (OMF) reported Q3 improvements in delinquency and loss metrics, with consumer loan 30-89 day delinquency at 3.08%, down 12 basis points YoY. CFO Jenny Osterhout expects lower losses in Q4 and 2027. The company raised $2.3B in funding, maintained net leverage at 5.5x, and repurchased 538,000 shares. OneMain narrowed its 2026 managed receivables growth outlook to ~9% and expects C&I net charge-offs at the high end of its prior range.

OneMain Holdings (OMF) reported Q3 2026 receivables growth of 9% to $28B, with loan originations up 17% and credit card originations up 84%. Credit performance improved, with delinquencies down. Capital generation rose 4% to $284M. However, C&I net charge-offs remain elevated at 7.2%, and macroeconomic uncertainties persist. Management expects normalized losses in 2027, assuming a steady macro environment.

OneMain Holdings reported Q3 2026 earnings, highlighting 9% managed receivables growth and 84% year-over-year credit card originations. Management expects 2027 losses to normalize and funding costs to remain stable. The company raised $2.3 billion in debt and repurchased $171 million in shares. Auto finance receivables grew 16%, and the credit card portfolio diversified the business. Management views the consumer base as resilient despite macro uncertainties.

OneMain (OMF) reported Q3 2026 earnings, highlighting 9% year-over-year growth in receivables to $28 billion. Consumer loan delinquencies improved, with 30-89 day delinquencies down 12 basis points. Auto finance receivables grew 16% to $3.2 billion, and the credit card business reached $1.4 billion in receivables. The company emphasized disciplined underwriting, technology investments, and strong credit performance.

OneMain Holdings (NYSE:OMF) reported Q3 2026 revenue of $1.36 billion, up 7.3% year on year and exceeding estimates. GAAP EPS of $1.60 beat analysts' forecasts by 5.5%. Net interest income was $1.15 billion, a 6.9% increase. CEO Doug Shulman highlighted strong performance and credit discipline. Shares traded at $59.36 post-earnings.

OneMain Holdings (OMF) reported Q3 GAAP EPS of $1.60, exceeding expectations of $1.56, with growth in loan originations and net interest income. Credit quality remained solid, with EPS up from $1.32 in Q2 but down from $1.70 a year ago.