Oportun Financial (OPRT) is scheduled to release its first-quarter 2025 results on May 8, after market close.In the last reported quarter, OPRT’s earnings surpassed the Zacks Consensus Estimate. The results benefited from lower operating expenses and higher loans receivable. However, lower interest income and non-interest income were undermining factors.Oportun has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters.Earnings Sur ...

Core Viewpoint - Findell Capital Management is advocating for a significant change in the board of Oportun Financial Corporation, urging stockholders to elect Warren Wilcox as an independent director to enhance governance and refocus on the core lending business [1][4][11]. Group 1: Board Composition and Governance - Findell Capital Management holds approximately 9.5% of Oportun's outstanding common stock and has been pushing for the board to act as a fiduciary rather than enabling the current CEO, Raul Vazquez [2][3]. - The legacy board has been criticized for failing to effectively oversee CEO Vazquez, who has been accused of mismanaging the company and inflating costs [6][9]. - The addition of independent directors in 2024 has led to some improvements, but the board is still seen as lacking independence and expertise in lending [3][7][9]. Group 2: Performance Metrics - Oportun has experienced a 40% dilution since Findell's engagement began, attributed to strategic missteps by the management [7]. - The company's total return has improved since the addition of new directors, but it remains underperforming compared to industry benchmarks [9]. - Key performance metrics show that Oportun's operational expenses per loan have increased significantly, contrasting with competitors like OneMain Holdings, which maintained flat operating expenses [12]. Group 3: Proposed Changes - Findell is advocating for a reduction in the board size from 10 to 8 members and the appointment of directors with lending experience to enhance oversight [12][13]. - The company is urged to reduce its operating expense ratio from 15% to 10% and remove the self-imposed interest rate cap of 36% to better serve its customers [13]. - The campaign emphasizes the need for a fully independent board with no ties to management to ensure accountability and effective governance [12][13]. Group 4: Nominee Profile - Warren Wilcox is presented as a highly qualified candidate for the board, with extensive experience in consumer financial services and a strong track record in fintech and credit card businesses [15][16]. - His background includes leadership roles in various financial institutions and companies, making him well-suited to contribute to Oportun's strategic direction [15][16].

Core Points - Oportun will release its financial results for the first quarter of 2025 on May 8, 2025, after market close [1] - A conference call and earnings webcast will be held on the same day at 5:00 pm ET / 2:00 pm PT to discuss the results [2] - The record date for stockholders entitled to vote at the 2025 annual meeting is set for May 27, 2025 [3] Company Overview - Oportun is a mission-driven financial services company that has provided over $19.7 billion in responsible and affordable credit since its inception [4] - The company has saved its members more than $2.4 billion in interest and fees, averaging over $1,800 in annual savings per member [4] Proxy Statement Information - Oportun plans to file a proxy statement with the SEC for the 2025 Annual Meeting of Stockholders [5] - The board of directors and certain executive officers are participants in the solicitation of proxies [6] - Stockholders will receive the definitive 2025 Proxy Statement and a GREEN proxy card after it is filed with the SEC [7]

Core Viewpoint - Oportun is set to release its financial results for the first quarter of 2025 on May 8, 2025, and will host a conference call to discuss these results [1][2]. Company Information - Oportun is a mission-driven financial services company that has provided over $19.7 billion in responsible and affordable credit since its inception, saving its members more than $2.4 billion in interest and fees, with an average annual saving of over $1,800 per member [4]. - The record date for stockholders entitled to vote at Oportun's 2025 annual meeting is May 27, 2025 [3]. Proxy and Meeting Information - Oportun plans to file a proxy statement with the SEC for the 2025 Annual Meeting of Stockholders, which will include details about the solicitation of proxies [5]. - Members of Oportun's board of directors are participating in the proxy solicitation, and additional information regarding their interests will be included in the 2025 Proxy Statement [6]. - Stockholders will receive the definitive 2025 Proxy Statement and a GREEN proxy card after it is filed with the SEC [7].

Core Viewpoint - Oportun Financial Corporation (OPRT) has experienced significant stock price decline amid broader market volatility, primarily due to economic concerns and trade war fears, but the company shows potential for growth through solid loan growth and technological advancements [1][3][27]. Group 1: Market Performance - OPRT shares have decreased by 25.8% over the past month, underperforming both the Zacks Finance sector and the S&P 500 index [1]. - The stock has also lagged behind close peers such as Enova International, Inc. (ENVA) and Regional Management Corp. (RM) [1]. Group 2: Revenue and Growth Factors - Oportun's total revenues and loans receivable at fair value have shown a 5-year compound annual growth rate (CAGR) of 10.8% and 8.1%, respectively [4]. - The company has diversified its loan offerings, including personal loans and "lending as a service," which has helped in expanding its client base and increasing interest income [8]. - Non-interest income has also seen a CAGR of 6.4% over the past five years, contributing to overall revenue growth [9]. Group 3: Financial Estimates - Management expects total revenues for Q1 2025 to be between $225 million and $230 million, down from $250.5 million in the same quarter last year [13]. - The Zacks Consensus Estimate for total revenues in 2025 is projected to be between $945 million and $970 million, compared to $1 billion in 2024 [13]. Group 4: Technological Advancements - Oportun is leveraging technology, including AI and machine learning, to enhance underwriting standards and provide personalized customer service, which helps in assessing credit profiles more effectively [14][16]. - The use of advanced technology is expected to reduce default risks and improve operational efficiency [15][16]. Group 5: Financial Health - As of December 31, 2024, Oportun's cash and cash equivalents totaled $214.6 million, with total debt at $69.1 million, indicating a strong liquidity position [17]. - The company has multiple funding sources for loan growth, including cash flows from operations and securitizations [18]. Group 6: Analyst Sentiment and Valuation - The Zacks Consensus Estimate for Oportun's earnings per share for 2025 and 2026 has been revised upward by 11.2% and 6.4%, respectively, indicating positive analyst sentiment [20]. - Oportun's price-to-book ratio (P/B) stands at 0.45X, significantly lower than the industry average of 2.25X, suggesting the stock is undervalued [24][26]. Group 7: Challenges and Long-term Outlook - Operating expenses have recorded a five-year CAGR of 2.5%, and the company plans to reduce expenses by $30 million annually, although overall expenses are expected to remain elevated in the near term [28]. - Oportun's return on equity (ROE) is 5.50%, lower than the industry average of 9.68%, indicating inefficiencies in utilizing shareholders' funds [31]. Group 8: Conclusion - Despite challenges, Oportun is well-positioned for growth due to solid loan growth, technological advancements, and positive analyst sentiment, making it a potentially lucrative investment for long-term investors [27][34].

SAN CARLOS, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today confirmed receipt of a notice from Findell Capital Management LLC (“Findell”) nominating two directors to stand for election to the Oportun Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting of Shareholders. The Board issued the following statement in response: Over the past three years, the Oportun Board of Directors has overseen decisive and deliberate action ...

Core Viewpoint - Findell Capital Management expresses confidence in the expertise of nominated directors Sandra Bell and Warren Wilcox to improve governance and operations at Oportun Financial Corporation, highlighting the legacy board's record of value destruction and attributing recent stock price recovery to Findell's involvement [1][3][5]. Group 1: Governance Issues - The current board of Oportun is criticized for being controlled by six legacy directors lacking lending experience, raising concerns about their ability to oversee the company effectively [3][6]. - Findell believes the addition of Bell and Wilcox is essential to address governance issues that hinder long-term value realization [3][11]. Group 2: Stock Performance - Oportun's stock price peaked at $27.95 in November 2021 but fell to around $3 in early 2023 due to management errors, with a recovery to approximately $6 following Findell's engagement and the addition of new directors [5][6]. - The legacy board's claims of credit for the stock price improvement are viewed as unfounded, as the recovery is attributed to Findell's actions and the new directors' involvement [6][11]. Group 3: Financial Performance - Oportun has a loan book of approximately $3 billion generating $1 billion in interest revenue, with the potential to produce over $250 million in pre-tax income if managed effectively [7]. - The company reported a decline in origination volume from $3 billion in 2022 to $1.8 billion in 2024, indicating that cost reductions have not kept pace with declining income-producing assets [9][10]. Group 4: Director Qualifications - Sandra Bell has extensive experience in financial services, having served as CFO for multiple companies and holding significant roles in risk and audit committees [12]. - Warren Wilcox has a strong background in fintech and lending, having served on various boards and played a key role in creating new financial technology startups [13][14]. Group 5: Call to Action - Findell encourages shareholders to support the nomination of Bell and Wilcox to drive necessary changes at Oportun, emphasizing the importance of shareholder interests over those of the current board [15][16].

Core Viewpoint - Oportun's management emphasizes ongoing engagement with shareholders and highlights significant improvements in performance and governance, aiming to enhance shareholder value [1][2][3]. Financial Performance - Oportun has achieved a total shareholder return of 121% over the past 12 months, outperforming industry peers and key benchmarks [3]. - The company expects a year-over-year increase in net income of approximately $102 million to $112 million for 2025 [4]. - An Adjusted Return on Equity (ROE) is anticipated to rise to the teens from 8% in 2024, driven by prudent growth in originations and a targeted $20 million reduction in operating expenses [5]. Operational Efficiency - Since mid-2022, Oportun has reduced operating expenses by approximately 40%, eliminating over $240 million in annualized costs, and has successfully decreased 2024 operating expenditures to $410 million [7]. - The company has increased its portfolio yield by nearly 200 basis points, leading to significant improvements in profitability across all reported metrics [7]. Strategic Initiatives - Oportun has conducted a comprehensive review of strategic options, resulting in the successful refinancing of its corporate financing facility, enhancing financial flexibility and profitability [7]. - The company has divested non-core business segments, including the sale of its credit card portfolio, to focus on core offerings such as personal loans and savings products [7]. Board Governance - Oportun has made meaningful changes to its Board of Directors, appointing four independent directors since 2024 to ensure effective oversight and governance [2][8]. - The Board is committed to maintaining its independence and expertise to guide the company effectively [9][10].

Core Viewpoint - Findell Capital Management believes Oportun Financial Corporation is significantly undervalued and criticizes the current board for lacking lending experience, which they argue hinders shareholder value creation [1][2][3]. Company Overview - Oportun has a strong lending business that could generate robust returns if managed effectively, but the current CEO, Raul Vasquez, has reportedly increased costs and made poor acquisitions, wasting an estimated $1 billion in capital [3][4]. - The board is primarily composed of individuals without lending experience, which Findell argues is detrimental to the company's oversight and performance [3][7]. Leadership and Governance - Findell has been advocating for changes in Oportun's leadership and board composition, proposing the nomination of two experienced candidates to replace the current CEO and lead director [1][10]. - The board's current lead director, Neil Williams, is criticized for his lack of lending experience and for being more focused on protecting the CEO's position than on shareholder interests [6][9]. Performance Metrics - Oportun's stock trades at a significant discount, at 0.75 times tangible book value, compared to peers trading at 1.5 to 2 times [11]. - The company has set substandard return on assets (ROA) targets of 3-4%, while Findell believes a target of 8-10% is achievable under competent leadership [12]. Proposed Changes - Findell suggests reducing operating expenses by 20% to align with industry benchmarks, as Oportun's operating expense ratio is currently at 14.8%, which is higher than competitors [12]. - The company could potentially generate earnings of $3.75 to $4.75 per share with improved ROA, leading to a valuation of $22 to $33 per share based on a conservative market multiple of 6-7 times earnings [15][16]. Historical Context - The addition of board members with lending experience in 2024 has reportedly led to improved operational and stock price performance [8]. - The legacy board members have overseen significant declines in share price, with some members experiencing declines of up to 77% [13][14].

Core Viewpoint - Oportun, a mission-driven financial services company, will participate in the Sidoti March Virtual Investor Conference, highlighting its commitment to financial empowerment for its members [1][2]. Company Overview - Oportun has provided over $19.7 billion in responsible and affordable credit since its inception [4]. - The company has saved its members more than $2.4 billion in interest and fees [4]. - On average, Oportun members save over $1,800 annually [4]. Event Details - The presentation by Oportun's CEO Raul Vazquez and CFO Jonathan Coblentz will take place on March 20th at 4:00 pm ET [2]. - A live webcast of the presentation will be available, with a replay accessible for 90 days post-conference [3].