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Stock impact report

Oportun Financial Q4 Earnings Call Highlights [Yahoo! Finance]

Oportun Financial Corporation - common stock (OPRT) 
Last oportun financial corporation - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
in Q4 ), its fifth consecutive quarter of GAAP profit, and full-year adjusted EPS up 89% to Credit trends drove a mixed quarter—originations fell 5% amid tightening, Q4 annualized net charge-offs were , and management expects a Q1 2024 peak net charge-off rate of 12.65% ±15 bps with moderation beginning in Q2. Management tightened costs and funding: Q4 OpEx was a company low of $84M (full-year OpEx down 12%), Oportun raised $1.9B in ABS at sub-6% yields and reduced high-cost corporate debt by $70M , and CEO Raul Vazquez will step down by April 3 (advising through July 3). Interested in Oportun Financial Corporation? Here are five stocks we like better. Oportun Financial (NASDAQ:OPRT) reported fourth-quarter 2023 results that management said met or exceeded all guidance metrics, as the company highlighted sustained GAAP profitability, solid credit performance, continued expense discipline, and a reduced cost of capital. Fourth-quarter and full-year results Chief Executive O Show less Read more
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