Oportun Financial Corporation

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

Oportun Financial Corporation reports strong Q3 performance and eyes growth

Oportun Financial Corporation's Q3 2024 performance showcased improved credit metrics, cost efficiencies, and strategic balance sheet actions, setting the stage for future growth.
The company's strengths in profitability, growth initiatives, and financial discipline align with its 2025 outlook of driving adjusted EPS in the teens.
While challenges like economic uncertainties and competitive pressures persist, Oportun's focus on opportunities in expansion, partnerships, and marketing investments signals a positive trajectory.

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Oportun Financial Corp. operates as a digital banking platform. Its credit and digital banking products include personal loans, secured personal loans, credit cards, savings, direct, and investment and retirement. The company was founded in August 2005 and is headquartered in San Carlos, CA.

Award recognizes companies for their commitment to equity and opportunity

Oportun Wins CEO Connection 2023 Economic Justice Award

SAN CARLOS, Calif., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq:OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named the winner of the 2022 Tearsheet Challenger Award in the category of Serving the Underserved. Oportun was recognized for helping people build financial resiliency and providing financial inclusion for hardworking people who have been traditionally ignored by the financial mainstream and helping them build a better future.

Oportun Wins Tearsheet Challenger Award for Serving the Underserved

SAN CARLOS, Calif., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq:OPRT), a mission-driven fintech and digital banking platform, announced today that the company was recognized by Rivel, Inc. with a 2022 Rivel 5.0 Investor Award for Management Access. The Rivel 5.0 Awards recognize companies that receive a 5.0 or higher score (on a scale of 6) for 11 different categories in an investor perception study conducted by Rivel.

Oportun Wins Rivel 5.0 Award for Management Access

SAN CARLOS, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that Chief Executive Officer Raul Vazquez and Chief Financial Officer & Chief Administrative Officer Jonathan Coblentz will present at the Southwest IDEAS Investor Conference on November 16, 2022 at the Westin Dallas Downtown in Dallas, TX. Oportun's presentation is scheduled to begin at 7:20 AM CT.

Oportun to Participate in the 14th Annual Southwest IDEAS Investor Conference

Oportun Financial Corp. (NASDAQ:OPRT ) Q3 2022 Results Conference Call November 7, 2022 5:00 PM ET Company Participants Dorian Hare - SVP, IR Raul Vazquez - CEO Jonathan Coblentz - CFO, CAO Conference Call Participants Mark DeVries - Barclays Sanjay Sakhrani - KBW Rick Shane - JPMorgan David Scharf - JMP John Hecht - Jefferies Hal Goetsch - Loop Capital Operator Good evening, and welcome to Oportun Financial Third Quarter 2022 Earnings Conference Call. [Operator Instructions].

Oportun Financial Corp. (OPRT) Q3 2022 Earnings Call Transcript

Oportun Financial Corporation (OPRT) delivered earnings and revenue surprises of 308.33% and 3.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Oportun Financial Corporation (OPRT) Q3 Earnings and Revenues Surpass Estimates

Total revenue of $250 million, growth of 57% year-over-year

Oportun Reports Strong Third Quarter 2022 Financial Results

Oportun Financial Corporation (OPRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Oportun Financial Corporation (OPRT) Q3 Earnings Expected to Decline

SAN CARLOS, Calif., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, will release financial results for its third quarter 2022 on Monday, November 7, 2022, after market close.

Oportun to Report Third Quarter 2022 Financial Results on Monday, November 7, 2022

SAN CARLOS, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named the 2022 Finovate Award Winner for Excellence in Sustainability. The Finovate Awards recognize exceptional contributions made by organizations and individuals from the financial technology sector. It honors those companies driving fintech innovation forward and the individuals bringing new ideas to life. This is the first time Oportun has received this prestigious award.

Oportun Wins Finovate Award for Excellence in Sustainability

SAN CARLOS, Calif., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it will participate in the upcoming Sidoti September Virtual Investor Conference.

Oportun to Participate in the Sidoti September Virtual Investor Conference

SAN CARLOS, Calif., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.

Oportun Closes Four-Year $150 Million Senior Secured Term Loan

SAN CARLOS, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it will participate in the upcoming Barclays Global Financial Services Conference.

Oportun to Participate in the Barclays Global Financial Services Conference

Oportun Financial Corporation (NASDAQ:OPRT ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Dorian Hare - Senior Vice President, Investor Relations Raul Vazquez - Chief Executive Officer Jonathan Coblentz - Chief Financial Officer and Chief Administrative Officer Conference Call Participants John Hecht - Jefferies Sanjay Sakhrani - KBW Mark DeVries - Barclays Rick Shane - JPMorgan Hal Goetsch - Loop Capital Operator Welcome to Oportun Financial Corporation's Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Today's call is being recorded.

Oportun Financial Corporation (OPRT) CEO Raul Vazquez on Q2 2022 Results - Earnings Call Transcript

SAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Two-thirds of Americans are not considered financially healthy ( source ). A new study from the Financial Health Network, “Building Consumer Savings with Fintech Innovations”, shows the positive impact new technology can have on consumers' financial health and money saving behaviors. Among the study's key findings: the amount consumers save significantly increases when saving becomes easier and there are more incentives to save. The Financial Health Network used data and insights from Digit (acquired by Oportun) to demonstrate the ways fintech innovations can help people towards their savings goals.

Fintech Innovations, like Digit, may Boost Consumer Savings and Improve Financial Health, According to a New Study from the Financial Health Network

SAN CARLOS, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, will release financial results for its second quarter 2022 on Monday, August 8, 2022, after market close.

Oportun to Report Second Quarter 2022 Financial Results on Monday, August 8, 2022

SAN CARLOS, Calif., July 15, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has priced $400 million of Series 2022-2 fixed rate asset-backed notes (the “Notes”) in a private asset-backed securitization transaction secured by a pool of unsecured and secured installment loans.

Oportun Prices $400 Million in Asset-Backed Securities

Oportun Financial Corporation (OPRT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Oportun Financial Corporation (OPRT) Stock Jumps 11.8%: Will It Continue to Soar?

SAN CARLOS, Calif., June 27, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named to the 2022 Greater Bay Area Top Workplaces by San Francisco Bay Area Top Workplaces and the San Francisco Chronicle. Oportun has been named a top place to work by regional or national publications in each of the last eight years.

Oportun named to the 2022 Greater Bay Area Top Workplaces

The consensus price target hints at an 111.2% upside potential for Oportun Financial Corporation (OPRT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Oportun Financial Corporation (OPRT) Have the Potential to Rally 111% as Wall Street Analysts Expect?

SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today published its 2021 Corporate Responsibility & Sustainability Report.

Oportun releases 2021 Corporate Responsibility & Sustainability Report

SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced the issuance of $400 million of two-year revolving asset-backed notes secured by a pool of unsecured and secured installment loans.

Oportun Completes $400 Million Asset-Backed Securitization

Oportun Financial Corporation (NASDAQ:OPRT ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Dorian Hare - Senior Vice President of Investor Relations Raul Vazquez - President & Chief Executive Officer Jonathan Coblentz - Chief Financial Officer & Chief Administrative Officer Conference Call Participants John Hecht - Jefferies Sanjay Sakhrani - KBW David Scharf - JMP Securities Rick Shane - J.P. Morgan Hal Goetsch - Loop Capital Operator Good day and welcome to Oportun Financial First Quarter 2022 Earnings Conference Call.

Oportun Financial Corporation (OPRT) CEO Raul Vazquez on Q1 2022 Results - Earnings Call Transcript

Oportun Financial Corporation (OPRT) delivered earnings and revenue surprises of 172.41% and 7.24%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Oportun Financial Corporation (OPRT) Q1 Earnings and Revenues Beat Estimates

Aggregate originations growth of 139% year-over-year

News for Oportun Financial Corporation Stock (OPRT)