Loading...
•
Dec 31, 2020
Oportun Q4 2020 Earnings Report
Oportun finished a challenging year with strong Q4 results and momentum building towards 2021.
Key Takeaways
Oportun Financial Corporation reported solid fourth-quarter results, with a net income of $8.5 million, or $0.29 per diluted share, and an adjusted net income of $17.5 million, or $0.60 per diluted share. The company is focusing on enhancing its digital capabilities to drive more capital-efficient growth.
Aggregate originations increased 48% sequentially over the prior quarter but decreased 28% year-over-year, totaling $448.6 million.
The managed principal balance at the end of the period was $1.9 billion, up 3% sequentially but down 14% year-over-year.
The 30+ day delinquency rate was 3.7%, compared to 4.0% in the prior-year period.
The annualized net charge-off rate was 9.4%, compared to 9.0% in the prior-year period.
Forward Guidance
Due to ongoing uncertainties related to the pandemic and the likelihood of continued government stimulus, the Company is not providing financial guidance at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...