NASDAQ$OPRT
Oportun Financial Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Oportun's growth accelerated in aggregate originations, revenue, and earnings while maintaining a strong credit profile.
Oportun Financial Corporation reported strong financial results for the third quarter ended September 30, 2021. The company saw significant growth in aggregate originations, revenue, and earnings. Oportun's AI-driven digital platform now reaches 45 states, contributing to robust production across all channels and partnerships.
- Aggregate originations increased by 119% year-over-year.
- Managed principal balance at the end of the period increased by 17% year-over-year, reaching $2.15 billion.
- Active customers increased by 24% year-over-year, totaling 772,361.
- GAAP earnings per share was $0.75 and adjusted earnings per share was $0.78.
Headline financials
Revenue & EPS history
Oportun · Revenue · Quarterly
$159M
Revenue by segment
Oportun · $260M total across 2 segments · Q1 2023
- Interest Income$238M—91.6%
- Non-interest Income$21.9M—8.4%
Forward guidance
Oportun is providing the following guidance for 4Q 2021 and full year 2021
Tailwinds
- Aggregate Originations: $800 M (4Q 2021), $2.23 B (Full Year 2021)
- Total Revenue: $183 - $185 M (4Q 2021), $616 - $618 M (Full Year 2021)
- Adjusted EBITDA: $8 - $10 M (4Q 2021), $31 - $33 M (Full Year 2021)
- Adjusted Net Income: $20 - $22 M (4Q 2021), $73 - $75 M (Full Year 2021)
- Adjusted EPS: $0.66 - $0.73 (4Q 2021), $2.42 - $2.49 (Full Year 2021)
Headwinds
- Annualized Net Charge-Off Rate: 7.3% +/- 10 bps (4Q 2021), 7.1% +/- 10 bps (Full Year 2021)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+3.1%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
71%
22 / 31 earnings
Positive
+37.6%
Q1 2023
Best reaction
-51.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -7.5% | -17.1% | |
| Q4 2025 | -5.1% | -2.7% | -17.9% | |
| Q3 2025 | +1.6% | -7.6% | +3.9% | |
| Q1 2025 | +9.1% | +16.3% | +14.3% | |
| Q4 2024 | +8.3% | +47.2% | -6.6% | |
| Q3 2024 | -6.3% | -3.1% | +20.9% | |
| Q2 2024 | -2.4% | +7.3% | -1.4% | |
| Q1 2024 | +21.4% | +16.2% | -19.2% | |
| Q4 2023 | -2.1% | -17.7% | -37.5% | |
| Q3 2023 | -51.5% | -59.0% | -52.6% | |
| Q2 2023 | +27.4% | +24.4% | +39.5% | |
| Q1 2023 | +37.6% | +26.9% | +51.0% | |
| Q4 2022 | -36.6% | -15.7% | -7.4% | |
| Q3 2022 | +22.0% | +53.1% | +28.1% | |
| Q2 2022 | -24.1% | -24.1% | -50.6% | |
| Q1 2022 | +1.8% | -1.6% | +4.5% | |
| Q4 2021 | -0.5% | -10.2% | -20.0% | |
| Q3 2021 | +8.9% | +15.1% | -11.4% | |
| Q2 2021 | +15.1% | +14.9% | +18.7% | |
| Q1 2021 | +10.8% | +2.6% | +4.5% | |
| Q4 2020 | -1.1% | -3.8% | +27.3% | |
| Q3 2020 | +5.8% | +10.5% | +20.7% | |
| Q2 2020 | +5.3% | +0.4% | -11.5% | |
| Q1 2020 | +9.4% | +9.9% | +104.5% | |
| Q4 2017 | +9.5% | +9.3% | -41.7% | |
| Q4 2019 | +4.7% | +5.4% | -42.8% | |
| Q2 2019 | +4.4% | +3.8% | +8.0% | |
| Q4 2018 | +4.4% | +3.8% | +8.0% | |
| Q3 2018 | +4.4% | +3.8% | +8.0% | |
| Q1 2019 | +4.4% | +3.8% | +8.0% | |
| Q3 2019 | +8.5% | +7.7% | +6.3% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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