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Sep 30, 2020
Oportun Q3 2020 Earnings Report
Reported financial results for the third quarter ended September 30, 2020.
Key Takeaways
Oportun's Q3 2020 results showed a near doubling of originations quarter over quarter, profitable Adjusted EPS, strong credit performance, and a strengthened capital and liquidity position. The company also announced a partnership agreement with MetaBank to expand services across the nation.
Originations nearly doubled quarter over quarter.
Delivered profitable Adjusted EPS.
Demonstrated strong credit performance.
Strengthened capital and liquidity position.
Oportun
Oportun
Forward Guidance
Given the ongoing uncertainty surrounding the duration and severity of COVID-19, Oportun is not providing forward-looking guidance at this time. The Company anticipates its future financial performance will continue to be impacted by the pandemic and its economic consequences, but the magnitude and timing of this impact is too dependent on external factors to reliably set guidance parameters at this time.