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Dec 31, 2021
Oportun Q4 2021 Earnings Report
Oportun's Q4 2021 financial performance was reported, featuring record originations and revenue, alongside the acquisition of Digit, which expanded the member base.
Key Takeaways
Oportun reported record originations and revenue for Q4 2021. The acquisition of Digit expanded the company's member base to 1.5 million and provided a new digital banking platform.
Aggregate originations of $865 million, up 93% year-over-year.
Total revenue of $194 million, an increase of 38% year-over-year.
Net income of $14.2 million, or $0.46 per diluted share.
Adjusted net income of $25.6 million, or $0.82 per diluted share.
Forward Guidance
Oportun provided financial outlook for Q1 2022 and full year 2022.
Positive Outlook
- Aggregate Originations for Q1 2022 are expected to be $625 million.
- Total Revenue for Q1 2022 is expected to be between $195 million and $200 million.
- Adjusted Net Income for Q1 2022 is expected to be between $19 million and $23 million.
- Adjusted EPS for Q1 2022 is expected to be between $0.56 and $0.67.
- Annualized Net Charge-Off Rate for Q1 2022 is expected to be 8.8% +/- 10 bps.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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