OppFi Exceeds First Quarter 2024 Guidance, Raises Full-Year Earnings Outlook
OppFi Inc. Class A (OPFI)
Company Research
Source: Business Wire
Total revenue increased 5.8% year over year to $127.3 millionNet income increased 157.8% year over year to $10.1 millionAdjusted net income increased 127.8% year over year to $8.8 millionBasic and Diluted EPS of $0.29 and $0.10, respectivelyAdjusted EPS increased 123.0% year over year to $0.10Unrestricted cash of $47.2 million and total receivable funding capacity of $613.7 million at the end of the first quarter of 2024Annualized net charge-off rate as a percentage of total revenue decreased 110 basis points year over year to 47.9%Total revenue yield increased by 350 basis points year over year to 129.5%Adjusted EPS guidance for full-year 2024 increased to $0.58 to $0.62 from $0.53 to $0.57 CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, today reported financial results for the first quarter ended March 31
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OPFI
News
- OppFi Inc. (NYSE:OPFI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- OppFi Exceeds First Quarter 2024 Guidance, Raises Full-Year Earnings Outlook [Yahoo! Finance]Yahoo! Finance
- OppFi Announces First Quarter 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- OppFi Announces First Quarter 2024 Earnings Conference CallBusiness Wire
- OppFi Inc. (NYSE: OPFI) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $5.00 price target on the stock.MarketBeat
OPFI
Earnings
- 5/8/24 - Beat
OPFI
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- OPFI's page on the SEC website