Welcome to our dedicated page for OppFi news (Ticker: OPFI), a resource for investors and traders seeking the latest updates and insights on OppFi stock.
OppFi Inc. (NYSE: OPFI) is a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, particularly consumers underserved by traditional financing options. The OppFi news feed on Stock Titan aggregates company announcements, earnings updates, capital markets activity, and other disclosures that the company releases through press wires and regulatory channels.
Readers can use this page to follow OppFi’s quarterly and year-to-date financial results, including total revenue, net income, adjusted net income, and related non-GAAP metrics that the company highlights in its earnings press releases. OppFi also reports key operating indicators such as total net originations, retained net originations, ending receivables, net charge-off ratios, average yield, and auto-approval rates, which are often discussed in its quarterly updates.
In addition to earnings news, OppFi issues press releases on topics such as new or amended revolving credit facilities designed to support growth in finance receivables, changes to its share repurchase program for Class A common stock, and supplemental information about outstanding public warrants. The company also announces participation in investor conferences and schedules for upcoming earnings conference calls, often providing webcast details and references to investor presentations.
This news page provides a centralized view of these developments so that investors and observers can track how OppFi describes its financial performance, capital structure, funding arrangements, and strategic priorities over time. For deeper detail on any headline, users can review the underlying press release or associated SEC filing linked from individual news items.
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OppFi achieved its eighth consecutive year of profitability with a net income of $3.3 million for 2022. The company reported record total revenue of $452.9 million and demonstrated a 29.2% increase year-over-year. Despite its successes, net income decreased by 96.3% compared to 2021. The marketing cost per funded loan decreased 20% year-over-year, and a new $150 million credit facility was closed with Castlelake, enhancing funding capacity. For 2023, OppFi projects revenue growth of 10% to 15% and an adjusted net income of $22 million to $28 million.
OppFi Inc. (NYSE: OPFI) will report its financial results for Q4 and full year 2022 on March 23, 2023, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results and the company's outlook. Investors can access a webcast and submit questions via email. OppFi, a fintech platform, aims to provide credit access to underserved Americans and boasts a 4.6/5.0 rating on Trustpilot. The company is also noted for its A+ rating from the Better Business Bureau. Forward-looking statements in the release caution that actual results may vary due to various risks and uncertainties.
OppFi (NYSE:OPFI) celebrates a significant milestone, surpassing 1 million unique customers and launching a same-day funding service on its OppLoans platform. This service allows qualified customers applying by 1:00 pm ET on business days to receive funds the same day. Approximately one-third of OppFi’s customers have benefited from this feature. The company emphasizes its commitment to enhancing customer financial health through partnerships with social impact organizations offering financial education and resources. CEO Todd Schwartz stated that these offerings cater to the financial needs of underserved Americans.
OppFi Inc. (NYSE:OPFI) has secured a $150 million credit facility with Castlelake L.P. and Hudson Cove Capital Management. This facility, with a 4-year term, aims to finance receivables growth and replace an existing facility due to mature in January 2024. CEO Todd Schwartz emphasized that this move will help expand credit access to 60 million underserved Americans and support profitable growth. The company is recognized for its strong consumer ratings, holding a 4.6/5.0 star rating on Trustpilot.
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