NASDAQ$OPRT

Oportun Financial Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Oportun's Q4 2021 financial performance was reported, featuring record originations and revenue, alongside the acquisition of Digit, which expanded the member base.

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.

Headline financials

Total Revenue

$194M

Previous: $141M+37.9%
EPS (adj)

$0.82

Previous: $0.60+36.7%
Net Charge-Off Rate

6.8%

Previous: 9.4%-27.7%
Aggregate Originations

$865M

Previous: $449M+92.7%
ROE

10.1%

No prior period
Adjusted ROE

18.2%

No prior period
Capital Expenditures

$9.74M

Previous: $1.22M+701.2%
Free Cash Flow

$50M

Previous: $12.2M+308.1%
Net Income

$14.2M

Previous: $8.5M+67.1%
Operating Income

$20.9M

Previous: $14.7M+42.2%
Gross Profit

$161M

Previous: $115M+40.1%
Cash & Equivalents

$131M

Previous: $136M-3.8%
Total Assets

$2.95B

Previous: $2.01B+46.7%
Stock-Based Comp

$4.32M

Previous: $5.17M-16.6%

Revenue & EPS history

Oportun · Revenue · Quarterly

$194M

Q4 2021+37.9%vs Q4 2020
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Oportun · $260M total across 2 segments · Q1 2023

  • Interest Income
    $238M
  • Non-interest Income
    $21.9M

Forward guidance

Oportun provided financial outlook for Q1 2022 and full year 2022.

Tailwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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