Oportun Financial Corp Stock Price, News & Analysis

Oportun (Nasdaq: OPRT), a fintech and digital banking platform, will present at the Southwest IDEAS Investor Conference on November 16, 2022, at 7:20 AM CT in Dallas, TX. CEO Raul Vazquez and CFO Jonathan Coblentz will lead the presentation, available via a live webcast on the conference website and Oportun's Investor Relations page. Since its founding, Oportun has disbursed over $14 billion in credit and saved members $2.3 billion in interest. Oportun is recognized as a Community Development Financial Institution, serving over 1.8 million members.

Oportun Financial Corporation (Nasdaq: OPRT) reported a strong Q3 2022 with total revenue of $250 million, a 57% year-over-year increase. Early-stage delinquencies declined following July credit tightening, and first payment defaults fell below 2019 levels. The company is raising its full year 2022 revenue guidance to between $946 million and $951 million, with adjusted EPS guidance of $2.19 to $2.25. However, net loss increased to $106 million due to a $108 million goodwill impairment charge.

Oportun (Nasdaq: OPRT) has announced the issuance of $300 million in Series 2022-3 fixed rate asset-backed notes, enabling its fifth major financing this year. This private securitization transaction is backed by a pool of unsecured and secured installment loans, demonstrating the company's strong access to capital markets despite current economic challenges. The notes received ratings ranging from AA (low) to BB from DBRS, Inc. and were distributed among institutional investors. Oportun aims to support its mission of providing affordable financial services to its 1.8 million members.

Oportun (Nasdaq: OPRT) will announce its third quarter 2022 financial results on November 7, 2022, after the market closes. A conference call to discuss these results is scheduled for the same day at 5:00 pm ET. Oportun, a digital banking platform, has provided over $14 billion in credit and saved members more than $2.3 billion in interest and fees. With a commitment to affordable financial services, Oportun has helped members set aside over $8.1 billion for savings. The call will be accessible via the investor relations website.

Oportun (Nasdaq: OPRT), a fintech and digital banking platform, will participate in the Sidoti September Virtual Investor Conference. CEO Raul Vazquez and CFO Jonathan Coblentz will present at 1:00 ET on September 21. The presentation will be accessible live via a provided link. A replay will be available for 90 days after the event. Oportun aims to enhance financial health for its 1.8 million members through affordable financial services, having provided over $14 billion in credit and saved members more than $2.3 billion in interest and fees.