Oportun Financial Corp

Oportun Financial Corp announced the appointment of Scott Scheirman to its Board of Directors as an independent Director, effective August 11, 2026. Scheirman will chair the Audit & Risk Committee and join the Compensation & Leadership Committee, expanding the Board to eight members. He brings over 30 years of executive leadership and finance experience from companies like CPI Card Group Inc. and The Western Union Company, which Oportun believes will be valuable for strategic planning and growth.

Oportun Financial Corp reported a significant increase in net income for Q2 2026, rising 24% to $8.5 million, with diluted EPS reaching $0.17. This improvement was driven by a substantial decrease in interest expense and operating expenses, despite a slight dip in total revenue. The company also established a new $50.0 million secured financing facility and made $30.0 million in voluntary principal prepayments on corporate financing.

Oportun Financial Corp reported strong second-quarter 2026 results, outperforming guidance with GAAP net income growing 24% to $8.5 million and Adjusted EBITDA increasing 56% to $49 million. GAAP EPS rose 21% to $0.17 and Adjusted EPS grew 35% to $0.42. The company also noted an improved 30-plus day delinquency rate of 4.0%, the lowest since Q4 2021, and raised its full-year Adjusted EBITDA guidance while improving its net charge-off rate expectation.

Oportun Financial Corp announced the launch of Smart Bills, a new AI-powered feature integrated into its Set & Save product. This feature helps members automatically save for ongoing bills and expenses, using artificial intelligence to understand financial habits and set aside "safe-to-save" amounts. The company reported that initial users of Smart Bills have saved over $14 million, with these members saving 48% more per month compared to those using Set & Save alone.

Oportun Financial Corp announced it has been named to CNBC's World's Top Fintech Companies 2026 list for the third consecutive year. The company was recognized in the Wealth Technology category for its intelligent borrowing, savings, and budgeting tools. CEO Doug Bland highlighted the validation of their mission to build financial tools that positively impact people's lives.

Oportun Financial Corp (OPRT) announced it will release its second quarter 2026 financial results on Wednesday, August 5, 2026, after market close. The company will host a conference call and earnings webcast on the same day at 5:00 pm ET / 2:00 pm PT to discuss the results. Investors can access the live webcast via Oportun’s investor relations website, with a replay available for one year.

Oportun Financial Corp has announced a strategic lending partnership with Column N.A. Under the agreement, Column N.A., a nationally chartered bank, will originate unsecured personal loans. Oportun will leverage its platform to provide marketing, servicing, and program support, subject to Column's oversight. This collaboration is expected to expand access to responsible credit and support Oportun's long-term growth strategy by building a more scalable lending business.

Oportun Financial Corporation, through its subsidiary Oportun, Inc., has entered into a Program Management Agreement with Column National Association, effective June 30, 2026. This agreement establishes a new lending program where Column will originate unsecured personal loans, while Oportun provides the platform, including marketing, application processing, fraud prevention, and servicing. The agreement has an initial term of four years and includes provisions for Oportun to purchase originated loans and certain exclusivity clauses.

Oportun Financial Corporation announced its 2026 Annual Meeting of Stockholders to be held virtually on August 11, 2026. The company reported significant financial improvements for 2025, including a GAAP net income of $25 million and an 89% year-over-year increase in Adjusted EPS to $1.36. Oportun also highlighted strategic initiatives like a new risk-based pricing program and a payment protection offering, alongside the appointment of a new Chief Risk Officer.

Oportun Financial Corp entered into a letter agreement with activist investor Bradley L. Radoff and The Radoff Family Foundation to resolve potential governance issues. Under the agreement, two Class I directors will retire from the company's Board of Directors by the 2026 annual meeting. In exchange, the Radoff Parties will be subject to customary standstill restrictions, including limiting their beneficial ownership to 4.9% of outstanding voting securities and agreeing to vote their shares in line with Board recommendations, with certain exceptions. The Radoff Parties also withdrew their director nomination for the 2026 annual meeting.