Stonegate Capital Partners Updates Coverage on OppFi, Inc. (OPFI) 1Q26
Rhea-AI Summary
OppFi (NYSE: OPFI) reported steady 1Q26 results and a strategic shift toward a bank-enabled, deposit-funded model via the pending BNCC acquisition. Revenue reached $151.9M (+8.3% y/y), receivables were $444.9M (+9.4% y/y), and net originations fell 7.0% y/y to $176.0M. BNCC adds about $1.0B of low-cost deposits and is projected to deliver >25% adjusted EPS accretion in year one. FY26 guidance remains $650M–$675M revenue and $1.76–$1.84 adjusted EPS.
AI-generated analysis. Not financial advice.
Positive
- Revenue +8.3% to $151.9M in 1Q26
- Receivables +9.4% to $444.9M
- BNCC adds ~$1.0B of low-cost deposits
- BNCC expected >25% adjusted EPS accretion year one
- FY26 guidance: $650M–$675M revenue; $1.76–$1.84 adj EPS
Negative
- Net originations down 7.0% year-over-year to $176.0M
- Higher charge-offs pressured adjusted earnings in 1Q26
Key Figures
Market Reality Check
Peers on Argus
OPFI is up 1.44% on heavy volume while key credit-services peers like EZPW (-11.09%) and LX (-2.83%) are down, with GDOT only modestly higher at 0.8%, pointing to stock-specific interest around the BNCC-driven strategy.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 07 | Q1 2026 earnings | Positive | +1.4% | Record quarterly revenue and new $40M repurchase alongside BNCC strategy update. |
| Apr 29 | BNCC acquisition | Positive | +2.0% | Announced BNCC/BNC acquisition with ~$130M value and at least $60M synergies. |
| Apr 29 | Deal details | Positive | +2.0% | Detailed BNCC deal terms, asset base and >25% adjusted EPS accretion targets. |
| Apr 23 | Social impact report | Positive | -1.0% | Release of 2025 Social Impact Report and financial capability initiatives. |
| Apr 09 | Earnings call notice | Neutral | +0.5% | Scheduled Q1 2026 earnings release and conference call details. |
Recent fundamentally positive events (earnings beat narrative, BNCC deal) have generally seen OPFI trade higher, though non-financial ESG news drew a small negative reaction.
Over the past month, OppFi has reported record Q1 2026 revenue of $151.9M and growing receivables of $444.9M, while announcing a new $40M repurchase program. In late April, it agreed to acquire BNCC for about $130M, targeting at least $60M first-year synergies and >25% adjusted EPS accretion. A social-impact report on April 23 highlighted customer metrics but coincided with a modest share decline. Overall, financially oriented and strategic announcements have tended to align with positive price reactions.
Market Pulse Summary
This announcement highlights steady Q1 2026 results and a strategic pivot toward a bank-enabled, deposit-funded model via the pending BNCC acquisition, which adds about $1.0B of low-cost deposits. Revenue grew to a record $151.9M while FY26 guidance of $650M–$675M revenue and $1.76–$1.84 adjusted EPS was reaffirmed. Investors may watch net originations trends, credit losses, BNCC integration progress, and the rollout of new products like LOLA, Model 7, and LOC through 2026.
Key Terms
eps financial
AI-generated analysis. Not financial advice.
Dallas, Texas--(Newsfile Corp. - May 8, 2026) - OppFi, Inc. (NYSE: OPFI): Stonegate Capital Partners Updates Coverage on OppFi (NYSE: OPFI). OppFi's 1Q26 results were steady, but the bigger development was its shift toward a bank-enabled, deposit-funded model through the pending BNCC acquisition. Revenue and receivables grew despite lower originations, as tighter credit, inflation, weaker sentiment, and higher average tax refunds temporarily reduced loan demand. Higher charge-offs pressured adjusted earnings, but expense discipline held as management invested across LOLA, Model 7, LOC, SMB lending, and BNC integration. In our view, OppFi is prioritizing credit discipline and long-term platform expansion over near-term volume growth.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- BNCC meaningfully expands the growth runway: The pending acquisition adds ~
$1.0B of low-cost deposits, supports national expansion, and is expected to drive25% + adjusted EPS accretion in year one. - Credit discipline supported a higher-quality revenue base: Net originations declined
7.0% y/y to$176.0M , but receivables grew9.4% to$444.9M and revenue increased8.3% to a record$151.9M . - Product and technology investments add multiple 2026 catalysts: LOLA migration begins in May, Model 7 is expected in fall 2026, and LOC launches this summer, while FY26 guidance remains intact at
$650M -$675M of revenue and$1.76 -$1.84 of adjusted EPS.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296640