earnings
confidence high
sentiment positive
materiality 0.85
OppFi reports record Q2 net income of $27.7M, raises FY2024 adj. EPS guidance to $0.73-$0.75
OppFi Inc.
2024-Q2 EPS reported
$0.36
- Net income $27.7M (+53.1% YoY); adj. net income $24.8M (+56.2%); total revenue $126.3M (+3.1%).
- Adjusted EPS $0.29 (+53.5%); net charge-off rate improved 370 bps to 32.5% of revenue.
- Full-year 2024 adj. EPS guidance raised to $0.73-$0.75 from $0.58-$0.62; Q3 2024 adj. EPS guided $0.20-$0.22.
- Declared first special dividend of $0.12/share; repurchased $2.5M of Class A common stock; paid down $10M senior debt.