OppFi(NYSE) OPFI

OppFi Inc. NYSE:OPFI helps people borrow money through a digital platform. It serves Americans who cannot get traditional bank loans. The company uses technology to make lending fast and transparent.

The OppFi Product Menu

• OppLoans: Personal installment loans for consumers; interest from these receivables generated $143.7 million in the three months ended June 30, 2026.
• SalaryTap: Installment loans that borrowers repay through automatic payroll deductions to reduce default risk.
• OppFi Card: Credit card product designed to expand financial access for underserved users.
• Bitty Holdings: Revenue-based financing and working capital solutions for small businesses via a 35% equity interest.

Pivoting to a Bank Structure

• Entered a merger agreement with BNCCORP in April 2026 to establish a national bank subsidiary.
• Completed a corporate simplification in April 2026 to become the sole owner of its operating unit.
• Terminated a tax receivable agreement in April 2026 to simplify its financial structure.
• Secured a $100 million term loan in August 2026 to support ongoing growth in finance receivables.

Technology Powers the Process

OppFi automates the lending process, reaching an 81.2% auto-approval rate in the second quarter of 2026. The platform uses proprietary data science to help bank partners reach 48 million credit-insecure consumers.

The Second Quarter Scorecard

• Net income increased 36.0% to $15.6 million for the three months ended June 30, 2026.
• Total revenue rose 1.9% to $145.2 million during the three months ended June 30, 2026.
• Ending receivables grew 0.5% to $440.1 million as of June 30, 2026.
• Diluted earnings per share reached $0.18 for the second quarter of 2026.

Bottom Line

OppFi has transitioned from a lending platform into a vertically integrated financial services firm. Its move toward bank holding company status aims to lower funding costs and increase operational stability.