September 20, 2014 9:09 AM ET

Consumer Finance

Company Overview of Springleaf Finance Corporation

Company Overview

Springleaf Finance Corporation, a financial services holding company, is engaged in the consumer finance and credit insurance businesses. It operates through three segments: Consumer, Insurance, and Real Estate. The Consumer segment originates and services secured and unsecured personal loans, as well as provides voluntary credit insurance and related products. The Insurance segment offers credit insurance products comprising life insurance, accident and health insurance, and involuntary unemployment insurance; non-credit insurance; and ancillary products, such as warranty protection. The Real Estate segment services and holds real estate loans secured by first or second mortgages on residen...

601 NW Second Street

Evansville, IN 47708

United States

Founded in 1920

3,300 Employees

Phone:

812-424-8031

Key Executives for Springleaf Finance Corporation

Chief Executive Officer
Age: 52
Chief Financial Officer and Senior Vice President
Age: 39
Executive Vice President of Branch Operations
Age: 51
Executive Vice President of Capital Markets
Age: 56
Principal Accounting Officer
Age: 57
Compensation as of Fiscal Year 2014.

Springleaf Finance Corporation Key Developments

Springleaf Finance Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 11:15 AM

Springleaf Finance Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 11:15 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Jay N. Levine, Chief Executive Officer, President and Director.

Springleaf Finance Corporation announced delayed annual 10-K filing

On 04/01/2014, Springleaf Finance Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Springleaf Finance Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Announces Impairment Charges for the Third Quarter Ended September 30, 2013

Springleaf Finance Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company net interest income of $356.86 million against $155.12 million a year ago. Net interest income after provision for finance receivable losses was $198.08 million against $64.27 million a year ago. Loss before benefit from income taxes was $90.49 million against $68.78 million a year ago. Net loss attributable to the share holders of the company was $90.73 million or $0.91 per basic and diluted share against $44.84 million or $0.45 per basic and diluted share a year ago. On non-GAAP basis, loss before provision for income taxes - historical accounting basis was $79.26 million against income of $138.22 million a year ago. Pretax core earnings were $72.9 million against $33.66 million a year ago. Post tax core earnings were $48.26 million against $20.64 million a year ago. For the nine months, the company net interest income of $881.57 million against $459.16 million a year ago. Net interest income after provision for finance receivable losses was $539.85 million against $231.37 million a year ago. Income before benefit from income taxes was $36.04 million against loss of $210.27 million a year ago. Net loss attributable to the share holders of the company was $45.86 million or $0.46 per basic and diluted share against $137.85 million or $1.38 per basic and diluted share a year ago. On non-GAAP basis, income before provision for income taxes - historical accounting basis was $5.05 million against $64.95 million a year ago. Pretax core earnings were $237.65 million against $72.82 million a year ago. Post tax core earnings were $152.81 million against $50.83 million a year ago. The annualized net charge-off ratio was 4.03% in the quarter, an increase of 115 basis points from the prior year quarter and 86 basis points from the prior quarter. The net charge-off ratio in the quarter was adversely affected by lower recoveries as the company sold a significant portion of previously charged-off accounts in June 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 6, 2014
Springleaf Finance Corporation, Interests in $900 Million Pool of Non-Agency Residential Loans
 

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