OppFi A

OppFi reported Q1 2026 revenue of $151.9m (estimate $151.15m) and adjusted EPS of $0.35 (expectation $0.32). Reported net income rose sharply but was aided by revaluations of warrant liabilities; the more operationally relevant adjusted net income fell 11.2% to $30.0m. Higher loan losses were a drag (net write-offs equal 42.5% of revenue), while OppFi cut costs, generated $69.3m of free cash flow and announced share buybacks. Management reiterated full-year guidance of $650–675m revenue and $153–160m adjusted net income. » More on de.investing.com

OppFi reported Q1 2026 EPS of $0.35 (estimate $0.32) and revenue of $151.9 million, with both metrics slightly above expectations. The stock rose 3.79% in premarket trading to $10.12. Management emphasized growth potential from the LOLA system and the planned BNC acquisition, but faces higher net charge-offs and declining loan originations. OppFi reaffirmed its full-year guidance and expects tailwinds from new products and the closing of the BNC transaction in Q4 2026. » More on de.investing.com

OppFi has signed a definitive agreement to acquire BNCCORP and BNC National Bank for about $130 million. BNCC shareholders will receive $19.375 in cash and 1.90 shares of OppFi Class A common stock per share; OppFi shareholders are expected to own about 93% of the combined company after closing. The transaction is expected to close in Q4 2026 and is subject to customary shareholder and regulatory conditions; OppFi plans to operate as a bank holding company after closing and to continue BNC as a community-banking division under Dan Collins. OppFi has also simplified its capital structure to a C-Corp and terminated the tax receivable agreement, resulting in a one-time payment of about $40.8 million. » More on de.investing.com