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0 0 0.117478510028653 0.134670487106017 0.111747851002865 0.191977077363897 0.0744985673352435 0.0458452722063036
Stock impact report

OppFi Reports Record Second Quarter Profitability and Revenue, Raises Full-Year Earnings Outlook By More Than 20%

OppFi Inc. Class A (OPFI) 
Company Research Source: Business Wire
Net income increased 53.1% year over year to $27.7 million, a Company record for a second quarterAdjusted net income increased 56.2% year over year to $24.8 million, a Company record for a second quarterBasic and diluted EPS of $0.16 and $0.16, respectivelyAdjusted EPS increased 53.5% year over year to $0.29Net charge-off rate as a percentage of total revenue decreased 370 basis points year over year to 32.5%Total revenue yield increased by 600 basis points year over year to 134.8%Total revenue increased 3.1% year over year to $126.3 million, a Company record for a second quarterAdjusted EPS guidance for full-year 2024 increased to $0.73 to $0.75 from $0.58 to $0.62Adjusted EPS guidance for third quarter of 2024 introduced as $0.20 to $0.22 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 fina Show less Read more
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