Oportun Financial Corporation

Earnings data Q4 2020

Earnings data Q1 2021

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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.

Oportun is a financial services company offering competitive personal lending products and savings services through its award-winning platform. The company is significantly undervalued. OPRT management attempts a turnaround, expecting fundamental improvements. Macro/market tailwinds due to the Fed rate policy pivot may boost Oportun's financial performance.

Oportun Financial: A Possible Turnaround Priced For Disaster, Speculative Buy

SAN CARLOS, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company's capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan (“Term Loan”). The refinancing will improve Oportun's operational and balance sheet flexibility with covenants that reflect the performance improvements made by the Company to date, including the agreement to sell the Company's credit card portfolio, and reward accretive actions and cash flow generation. The Term Loan will be provided by two firms (the “Lenders”), funds managed by Castlelake L.P., a global alternative investment manager specializing in asset-based private credit that led the refinancing, and funds managed by Neuberger Berman, a private employee-owned investment manager. The Term Loan will carry a 15% fixed rate and mature in November 2028.

Oportun Announces Next Step to Optimize Capital Structure and Drive Improved Profitability

Oportun Financial (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.

Oportun Financial Corporation (OPRT) Earnings Expected to Grow: Should You Buy?

SAN CARLOS, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it has signed a definitive agreement to sell its credit card portfolio to Continental Finance. This transaction reflects a key milestone towards Oportun's initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & Save™ savings product.

Oportun Announces Definitive Agreement to Sell its Credit Card Portfolio

SAN CARLOS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include:

Oportun Announces $306 Million Committed Warehouse Facility Extension

SAN CARLOS, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti September Virtual Investor Conference.

Oportun to Present at Sidoti September Virtual Investor Conference

SAN CARLOS, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced the issuance of $223.25 million of fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans.

Oportun Completes $223 Million Asset Backed Securitization

SAN CARLOS, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced that it has been awarded a Top Workplaces 2024 honor by San Francisco Bay Area Top Workplaces. Oportun has been named a top place to work by regional or national publications in each of the last nine years.

Oportun Named a Bay Area Top Workplace for 2024

HOUSTON--(BUSINESS WIRE)--Bradley Radoff and Josh Schechter (together with their affiliates, the “Concerned Shareholders” or “we”) today issued the below open letter to Ginny Lee, a member of Oportun Financial Corporation's (NASDAQ: OPRT) Board of Directors. *** August 22, 2024 Oportun Financial Corporation 2 Circle Star Way San Carlos, California 94070 Attention: Ginny Lee, Member of Oportun Financial Corporation's Board of Directors Dear Ms. Lee, We are writing to follow up on our July 25th l.

Concerned Shareholders of Oportun Financial Corporation Reiterate Call for Nominating, Governance and Social Responsibility Committee Chair Ginny Lee to Resign

Oportun Financial Corporation (NASDAQ:OPRT ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Dorian Hare – Investor Relations Raul Vazquez – Chief Executive Officer Jonathan Coblentz – Chief Financial Officer and Chief Administrative Officer Conference Call Participants John Hecht – Jefferies Hal Goetsch – B. Riley Securities Operator Greetings.

Oportun Financial Corporation (OPRT) Q2 2024 Earnings Call Transcript

The headline numbers for Oportun Financial (OPRT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Oportun Financial (OPRT) Reports Q2 Earnings: What Key Metrics Have to Say

Oportun Financial Corporation (OPRT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to earnings of $0.06 per share a year ago.

Oportun Financial Corporation (OPRT) Q2 Earnings and Revenues Top Estimates

SAN CARLOS, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial technology company, today announced the closing of a new long-term warehouse facility.

Oportun Announces $245 Million Committed Warehouse Facility

Earnings Preview: Oportun Financial Corporation (OPRT) Q2 Earnings Expected to Decline

SAN CARLOS, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, will release financial results for its second quarter 2024 on Thursday, August 8, 2024, after market close.

Oportun to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024

HOUSTON--(BUSINESS WIRE)--Bradley Radoff and Josh Schechter (together with their affiliates, the “Concerned Shareholders” or “we”) today issued the below open letter to the Board of Directors (the “Board”) of Oportun Financial Corporation (NASDAQ: OPRT) regarding the need for three directors to resign following the 2024 Annual Meeting of Shareholders and the Board to appoint a new Chief Executive Officer. *** Oportun Financial Corporation 2 Circle Star Way San Carlos, California 94070 Attention.

Concerned Shareholders of Oportun Financial Corporation Call on Three Directors to Resign Based on Their Unwillingness to Replace Value-Destructive Management

SAN CARLOS, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that on June 14, 2024, it granted a total of 142,478 restricted stock units to 39 new employees who joined Oportun in 2024.

Oportun Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

SAN CARLOS, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti June Virtual Investor Conference.

Oportun to Present at Sidoti June Virtual Investor Conference

Oportun Financial Corporation (NASDAQ:OPRT ) Q1 2024 Earnings Conference Call May 9, 2024 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 David Scharf - Citizens JMP Matthew Hurwit - Jefferies Operator Welcome to Oportun's Financial Corporation First Quarter 2024 Earnings Conference Call. [Operator Instructions].

Oportun Financial Corporation (OPRT) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Oportun Financial (OPRT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Oportun Financial (OPRT) Q1 Earnings

Strong performance versus guidance Total operating expenses declined 15% sequentially and 25% year-over-year GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability Additional $150M whole loan sale agreement executed in May Raising full year 2024 Total Revenue and Adjusted EBITDA guidance   SAN CARLOS, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the "Company") today reported financial results for the first quarter ended March 31, 2024.

Oportun Reports First Quarter 2024 Financial Results

Oportun Financial (OPRT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Oportun Financial Corporation (OPRT) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Oportun Announces Preliminary Q1 2024 Financial Information; Schedules First Quarter 2024 Earnings Release and Conference Call for Thursday, May 9, 2024

Oportun Announces Preliminary Q1 2024 Financial Information

Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital; Richard Tambor Appointed Board Observer, to Stand for Election

Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital

HOUSTON--(BUSINESS WIRE)--Bradley Radoff and Josh Schechter (together with their affiliates, the “Concerned Shareholders” or “we”) today issued the below open letter to the Board of Directors (the “Board”) of Oportun Financial Corporation (NASDAQ: OPRT) (“Oportun” or the “Company”) regarding the need to appoint a new Chief Executive Officer (“CEO”) and enact further changes to support value creation. *** Oportun Financial Corporation 2 Circle Star Way San Carlos, California 94070 Attention: The.

Concerned Shareholders Issue Letter to Oportun Financial Corporation's Board of Directors Regarding the Urgent Need for Changes in Management and Strategy

News for Oportun Financial Corporation Stock (OPRT)