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OneMain sees net income move higher YOY in Q2

OneMain Holdings Inc. posted second-quarter net income attributable to the company of $42 million, or 30 cents per share, an increase from $26 million, or 19 cents per share, a year ago.

The S&P Capital IQ consensus GAAP EPS estimate for the period was 62 cents.

Consumer and insurance adjusted net income for the quarter was $110 million, down from $130 million, in the prior-year quarter. Consumer and insurance adjusted EPS was 81 cents, versus 96 cents in the 2016 period.

Net interest income was $569 million, versus $527 million the previous year.

Net finance receivables stood at $14.05 billion as of June 30, compared with $13.73 billion at the same date in 2016.