Stonegate Capital Partners has released an update on OppFi, Inc. (NYSE: OPFI), highlighting the company's steady first-quarter 2026 results and a significant strategic shift toward a bank-enabled, deposit-funded model through its pending acquisition of BNCC. According to the report, the acquisition adds approximately $1.0 billion of low-cost deposits, supports national expansion, and is expected to drive over 25% adjusted earnings per share accretion in the first year.
OppFi's revenue and receivables grew despite lower originations, as tighter credit conditions, inflation, weaker consumer sentiment, and higher average tax refunds temporarily reduced loan demand. Net originations declined 7.0% year-over-year to $176.0 million, but receivables increased 9.4% to $444.9 million, and revenue rose 8.3% to a record $151.9 million. Higher charge-offs pressured adjusted earnings, but expense discipline held as management invested across multiple growth initiatives, including LOLA, Model 7, LOC, small business lending, and BNCC integration.
Stonegate emphasizes that OppFi is prioritizing credit discipline and long-term platform expansion over near-term volume growth. The company's product and technology investments add multiple catalysts for 2026. The LOLA migration begins in May, Model 7 is expected in fall 2026, and the LOC launch is slated for this summer. Full-year 2026 guidance remains intact, with revenue projected at $650 million to $675 million and adjusted EPS of $1.76 to $1.84.
For more details, the full announcement is available here. Stonegate Capital Partners is a capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Its affiliate, Stonegate Capital Markets (member FINRA), offers investment banking, equity research, and capital raising for public and private companies.
