OppFi (NYSE:OPFI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

OppFi (NYSE:OPFI) released its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, FiscalAI reports. OppFi had a return on equity of 42.69% and a net margin of 10.86%.The firm had revenue of $87.30 million for the quarter, compared to the consensus estimate of $151.14 million.

Here are the key takeaways from OppFi’s conference call:

• Acquisition of BNC National Bank: OppFi announced a cash-and-stock deal (~$130M) to acquire BNC, bringing a national bank charter, ~ $1B of deposits, and broader geographic reach with closing expected in Q4 2026 (subject to regulatory approvals).
• Management expects the combination to be materially accretive — projecting at least 25% / 40% / 50% adjusted EPS accretion in years 1–3 and management-forecasted synergy dollars of ~$60M / $90M / >$115M in years 1–3, though these are forward-looking and contingent on execution and approvals.
• Q1 2026 operating performance was mixed: revenue rose 8% to $152M and receivables were up 9%, but originations fell 7%, net charge-offs rose (net charge-offs = 42% of revenue, up from 35%), and adjusted EPS fell 11% to $0.35.
• Technology and product roadmap: OppFi fully deployed its Model 6.1 refit, is building Model 7 (targeted for fall), is beginning migration to its new LOLA platform (substantial completion expected Q3 2026), and will launch a new line-of-credit product in summer 2026 to enable new geographies and product optionality.
• Capital and corporate actions: OppFi converted from an Up‑C to a C‑Corp (recording ~$466M tax‑amortizable goodwill with ~$111M estimated future cash tax savings), repurchased $9.9M of stock in Q1 and announced a new $40M buyback program, and plans >$150M of strategic investments in 2026.

OppFi Trading Down 5.4%

OPFI traded down $0.54 during midday trading on Friday, hitting $9.35. 1,194,746 shares of the company were exchanged, compared to its average volume of 550,871. The company’s 50 day simple moving average is $8.56 and its 200 day simple moving average is $9.45. The firm has a market capitalization of $796.13 million, a price-to-earnings ratio of 10.06 and a beta of 1.86. OppFi has a 1-year low of $7.36 and a 1-year high of $15.03.

Key Stories Impacting OppFi

Here are the key news stories impacting OppFi this week:

• Positive Sentiment: OppFi reported Q1 EPS of $0.35, topping estimates, while total revenue rose 8.3% year over year to a record first-quarter $151.9 million and net income jumped 165%. OppFi Reports First Quarter 2026 Results, Record Quarterly Revenue
• Positive Sentiment: The board approved a new $40 million share repurchase program, which can support the stock by signaling confidence in valuation and future cash generation. OppFi Reports First Quarter 2026 Results, Record Quarterly Revenue
• Positive Sentiment: Several analysts nudged estimates higher after the earnings release, including Northland Securities raising FY2026 EPS to $1.80 from $1.78 and Stephens lifting its price target to $11.00 from $9.00. Wall Street Analysts Believe OppFi (OPFI) Could Rally 34.78%: Here’s is How to Trade
• Neutral Sentiment: Stonegate Capital noted that the bigger longer-term story is OppFi’s move toward a bank-enabled, deposit-funded model through the pending BNCC acquisition, which could improve funding flexibility but still needs execution. Stonegate Capital Partners Updates Coverage on OppFi, Inc. (OPFI) 1Q26
• Negative Sentiment: Revenue came in well below consensus, and total net originations fell 7% in Q1 as OppFi tightened credit and customers needed fewer loans after larger tax refunds. Tax Refunds Squeeze OppFi Loan Volume
• Negative Sentiment: Despite the earnings beat, OppFi guided FY2026 EPS of $1.76-$1.84 and revenue of $650 million-$675 million, which is only roughly in line with expectations and may have disappointed traders looking for a bigger upside surprise. OppFi Reports First Quarter 2026 Results, Record Quarterly Revenue

Insider Activity

In other OppFi news, Director Jocelyn Moore sold 8,190 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $69,860.70. Following the sale, the director directly owned 39,076 shares of the company’s stock, valued at approximately $333,318.28. This trade represents a 17.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Vennettilli sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the sale, the director directly owned 132,389 shares in the company, valued at $1,323,890. This represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 72.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Goldman Sachs Group Inc. grew its position in OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock worth $1,767,000 after purchasing an additional 124,744 shares during the period. Rhumbline Advisers grew its position in OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after purchasing an additional 3,662 shares during the period. Creative Planning acquired a new stake in OppFi during the 2nd quarter worth about $188,000. Cetera Investment Advisers acquired a new stake in OppFi during the 2nd quarter worth about $206,000. Finally, JPMorgan Chase & Co. grew its position in OppFi by 3,200.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock worth $4,147,000 after purchasing an additional 287,418 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OPFI has been the topic of several research reports. Citizens Jmp cut their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Stephens upped their target price on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, OppFi currently has a consensus rating of “Hold” and an average price target of $13.00.

About OppFi

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.