OneMain Reports First Q1 Earnings

Evansville-based OneMain Holdings Inc. (NYSE: OMF) is reporting first quarter net income of $153 million. It is the first full quarter report since the merger of Springleaf Holdings Inc. and OneMain Financial Holdings LLC in November.

Chief Executive Officer Jay Levine said he could not be more pleased with the first quarter results. "The combination of Springleaf and OneMain has had an immediate, and very positive impact on our core earnings which.Integration activities are on schedule, resulting in greater operational efficiencies, even as we continue to provide our customary high level of personalized service."

Levine added the company made "material progress" to simplify its financial picture and position it for sustained earnings growth. You can view the full earnings report by clicking here.