HSBC Finance Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of $394 million compared to $408 million a year ago. Income from continuing operations was $304 million compared to loss from continuing operations of $505 million a year ago. Net income was $226 million compared to net loss of $155 million a year ago. Net cash provided by operating activities was $479 million compared to net cash provided by operating activities of $1,193 million a year ago. Purchases of properties and equipment were $1 million compared to $1 million a year ago. Return on average assets was 0.7% compared to negative 1.0% a year ago. Return on average common shareholder's equity was 5.4% compared to negative 10.8% a year ago. For the quarter, the company reported loan impairment of $29 million compared to $29 million a year ago.

HSBC Finance Corporation announced that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable June 14, 2013, to shareholders of record on May 31, 2013.

On April 24, 2013, the board of directors of HSBC Finance Corp. approved an amendment and restatement of its bylaws.