secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2026-11-03T13:36:37+00:00
Accession:  0001818502-26-000094
Event type: m_and_a
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

OppFi withdraws OCC, Fed, FDIC applications for BNCCORP deal; merger agreement remains in effect
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- OppFi withdrew applications to the OCC, Federal Reserve and FDIC for its proposed acquisition of BNCCORP (OTCQX: BNCC) and BNC National Bank.
- Merger agreement dated April 28, 2026 has not been terminated and remains in effect, OppFi said.
- OppFi reaffirmed 2026 guidance: revenue $600M-$610M, adjusted net income $115M-$120M, adjusted EPS $1.34-$1.40 on ~86M diluted shares.
- CEO Todd Schwartz said applications met statutory criteria but regulators lacked clearly articulated standards; OppFi will engage on market- and consumer-based standards.
- OppFi said it proactively engaged federal regulators and responded to extensive information requests from the OCC, Fed and FDIC during the application process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000094/0001818502-26-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000094/opfi-20261103.htm
  HTML page:      https://secwatch.observer/filing/0001818502-26-000094

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