Director Aida Alvarez resigned Nov 1, 2022; no disagreement; served since 2011. Annualized net charge-off rate 9.8% (vs 5.5% YoY); 30+ day delinquency 5.4% (vs 2.8%).
On November 1, 2022, the Honorable Aida Alvarez notified the Corporate Secretary and the Board of Directors of the Company that she intended to resign from her position as a director of the Company, as well as her roles as the chair of the nominating, governance and social responsibility committee and member of the compensation and leadership committee.
Key facts
Extracted from this filing and checked against the source text.
Earnings ReleasesSEC 8-K Item 2.02confidence 0.95
Oportun Financial Corp reported third quarter ended September 30, 2022 results: revenue $250, net income ($106), EPS $(3.21). Guidance raised.
Period
third quarter ended September 30, 2022
Revenue
$250
Net income
($106)
EPS
$(3.21)
Guidance
raised
Result
reported results
Exact text from the filing
$946 to $951 million, and our Adjusted EPS guidance to a range between $2.19 to $2.25." Third Quarter 2022 Results Metric GAAP Adjusted 1 3Q22 3Q21 3Q22 3Q21 Total revenue $250 $159 Net income (loss) ($106) $23 $8 $24 Diluted EPS $(3.21) $0.75 $0.25 $0.78 Adjusted EBITDA ($6) $18 Dollars in millions, except per share amounts. Business Highlights ◦
Aida Alvarez resigned as Director at Oportun Financial Corp.
Action
resigned
Role
Director
Exact text from the filing
On November 1, 2022, the Honorable Aida Alvarez notified the Corporate Secretary and the Board of Directors of the Company that she intended to resign from her position as a director of the Company, as well as her roles as the chair of the nominating, governance and social responsibility committee and member of the compensation and leadership committee.
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