Oportun Financial Corporation

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

Oportun Financial Corporation reports strong Q3 performance and eyes growth

Oportun Financial Corporation's Q3 2024 performance showcased improved credit metrics, cost efficiencies, and strategic balance sheet actions, setting the stage for future growth.
The company's strengths in profitability, growth initiatives, and financial discipline align with its 2025 outlook of driving adjusted EPS in the teens.
While challenges like economic uncertainties and competitive pressures persist, Oportun's focus on opportunities in expansion, partnerships, and marketing investments signals a positive trajectory.

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Oportun Financial Corp. operates as a digital banking platform. Its credit and digital banking products include personal loans, secured personal loans, credit cards, savings, direct, and investment and retirement. The company was founded in August 2005 and is headquartered in San Carlos, CA.

Aggregate originations growth of 139% year-over-year

Oportun Reports First Quarter 2022 Financial Results

SAN CARLOS, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, will release financial results for its first quarter 2022 on Monday, May 9, 2022, after market close.

Oportun to Report First Quarter 2022 Financial Results on Monday, May 9, 2022

SAN CARLOS, Calif., April 18, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that Dorian Hare has joined the company as its SVP of Investor Relations. Hare most recently led investor relations at Equifax and previously held a senior IR position at Moody's.

Oportun Appoints Dorian Hare as Senior Vice President of Investor Relations

SAN CARLOS, Calif., April 04, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced the sale of $228 million of loans through the issuance of amortizing asset-backed notes secured by a pool of its unsecured and secured personal installment loans. Oportun and funds managed by Ellington Management Group both contributed collateral and were co-sponsors of the transaction, which totaled $400 million in issued asset-backed notes. The notes were priced with a weighted average fixed interest rate of 3.83% per annum. Oportun also sold its share of the residual interest in the pool. By selling both its notes and residual interest, Oportun achieved a sale of loans at an all-in yield of 6.75% on its portion of the transaction.

Oportun Sells $228 million of loans through Amortizing Asset-Backed Securitization

Oportun Financial Corporation (OPRT) CEO Raul Vazquez on Q4 2021 Results - Earnings Call Transcript

Oportun Financial Corporation (OPRT) delivered earnings and revenue surprises of 15.49% and 4.65%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Oportun Financial Corporation (OPRT) Beats Q4 Earnings and Revenue Estimates

4Q21 Aggregate Originations of $865 million up 93%, bringing FY21 to a record $2.3 billion

Oportun Reports Fourth Quarter 2021 Results

SAN CARLOS, Calif., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (“Oportun” or the “Company”) (Nasdaq: OPRT) will release financial results for its fourth quarter 2021 on Thursday, February 24, 2022, after market close. Oportun will host a conference call and earnings webcast to discuss results at 5:00 pm ET / 2:00 pm PT on that day.

Oportun to Report Fourth Quarter 2021 Financial Results on Thursday, February 24, 2022

The heavy selling pressure might have exhausted for Oportun Financial Corporation (OPRT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging 13.7% in 4 Weeks, Here's Why the Trend Might Reverse for Oportun Financial Corporation (OPRT)

Buy Now Pay Later leader becomes Oportun's first digital-only Lending-as-a-Service partner Buy Now Pay Later leader becomes Oportun's first digital-only Lending-as-a-Service partner

Oportun and Sezzle Partnering to Give Consumers More Choice in Financing Purchases

SAN CARLOS, Calif., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Oportun (Nasdaq:OPRT), a mission-driven fintech company announced today that it has completed the acquisition of Digit (digit.co), a neobanking platform that provides automated savings, investing, and banking tools. According to the company, the acquisition of Digit further expands its A.I. and digital capabilities to provide hardworking consumers a holistic offering built to address their financial needs.

Oportun completes acquisition of Digit, a neobanking company and platform

Deal Enables Ongoing Growth of Oportun® Visa® Credit Card Deal Enables Ongoing Growth of Oportun® Visa® Credit Card

Oportun Closes $150 Million Credit Facility Secured by Credit Card Receivables

Oportun to offer unmatched neobanking platform with A.I.-driven lending,  saving, investing, and banking capabilities tailored to the needs of hardworking people

Oportun announces definitive agreement to acquire Digit

Oportun Financial Corporation (OPRT) CEO Raul Vazquez on Q3 2021 Results - Earnings Call Transcript

Oportun Financial Corporation (OPRT) delivered earnings and revenue surprises of 77.27% and 4.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Oportun Financial Corporation (OPRT) Q3 Earnings and Revenues Top Estimates

True Cost of a Loan analysis by Financial Health Network shows those with little or no credit history can save thousands of dollars over the life of a loan versus high-cost alternatives True Cost of a Loan analysis by Financial Health Network shows those with little or no credit history can save thousands of dollars over the life of a loan versus high-cost alternatives

According to a New Study, Small Dollar Loans are up to 24x Less Expensive at Oportun, which uses A.I. to Evaluate Credit Risk and Score 100-percent of Applicants

SAN CARLOS, Calif., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), an A.I.-driven fintech that provides hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, today announced the expansion of its Lending as a Service (LaaS) business with the addition of its new strategic partner, Barri Financial Group (Barri).

Oportun Expands Lending as a Service Business with Addition of Barri Financial Group as New Strategic Partner

While half of Americans said they rely on credit cards to make it through the month, many lack a basic understanding of how to build, use, or maintain good credit While half of Americans said they rely on credit cards to make it through the month, many lack a basic understanding of how to build, use, or maintain good credit

New Study Shows Persistent Credit Myths Contribute to Hardworking Americans' Limited Access to Affordable Credit

SAN CARLOS, Calif., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (“Oportun” or the “Company”) (Nasdaq: OPRT) will release financial results for its third quarter 2021 on Wednesday, November 3, 2021, after market close. Oportun will host a conference call and earnings webcast to discuss results at 5:00 pm ET / 2:00 pm PT on that day.

Oportun to Report Third Quarter 2021 Financial Results on Wednesday, November 3, 2021

SAN CARLOS, Calif., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ: OPRT), an A.I.-driven financial services and technology company that provides hardworking people with access to responsible and affordable credit, today announced it is extending a $2 million low-interest loan to the Opportunity Finance Network (OFN), the proceeds of which will be used to make loans to other Community Development Financial Institutions (CDFI) serving low- and moderate-income communities. This loan replaces the $1 million low-interest loan that Oportun previously extended to OFN.

Oportun extends a $2 million low-interest loan to help other Community Development Financial Institutions advance financial inclusion

Strong progress toward quarterly and full-year objectives Strong progress toward quarterly and full-year objectives

Oportun provides intra-quarter update on strategic initiatives

Commitments from Morgan Stanley, Goldman Sachs, Jefferies and J.P. Morgan Commitments from Morgan Stanley, Goldman Sachs, Jefferies and J.P. Morgan

Oportun announces closing of $600 million warehouse credit facility

Personal loans now available in 24 states, growing to more than 40 by year end Personal loans now available in 24 states, growing to more than 40 by year end

Oportun Nearly Doubling Its Addressable Market

Oportun Financial Corporation (OPRT) Raul Vazquez on Q2 2021 Results - Earnings Call Transcript

Aggregate originations growth of 175% year-over-year

News for Oportun Financial Corporation Stock (OPRT)