OneMain Financial (NYSE:OMF) reported its Q1 earnings results last week, with EPS coming in at $1.46, worse than the Street estimate of $1.66. Revenue was $1.03 billion, compared to the Street estimate of $1.02 billion.
Loan portfolio growth was better than expected, with managed receivables above expectations and origination volumes slightly higher than expected.
Management commented on seeing strong demand for the company’s products, despite a tight credit box. Management indicated originations are trending to a mid-single-digit growth rate.
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