Sean Rowles was appointed as Chief Risk Officer at Oportun Financial Corp.
“The board of directors of the Company (the “Board”) has appointed Sean Rowles to serve as the Company’s Chief Risk Officer, effective June 17, 2026”
Oportun Financial Corp — fact timeline
Source-grounded facts extracted from Oportun Financial Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Patrick Kirscht departed as Chief Credit Officer at Oportun Financial Corp.
“Oportun Financial Corporation (the “Company”) and Patrick Kirscht, the Company’s Chief Credit Officer, mutually determined that Mr. Kirscht would depart from the Company and its subsidiary, Oportun, Inc. (“Oportun”), effective as of June 15, 2026”
Oportun Financial Corp reported first quarter ended March 31, 2026 results: revenue $229, net income $2.3, EPS $0.05. Guidance reaffirmed.
“guidance of $1.50 to $1.65 continues to reflect 16% year-over-year growth at the midpoint.” First Quarter 2026 Results Metric GAAP Adjusted 1 1Q26 1Q25 1Q26 1Q25 Total revenue $229 $236 Net income $2.3 $10 $10 $19 Diluted EPS $0.05 $0.21 $0.21 $0.40 Adjusted EBITDA $29 $34 Dollars in millions, except per share amounts. 1 See the section entitled “”
Oportun Financial Corp incurred senior notes of $485 million at a weighted average coupon of 5.25% per annum maturing two years from the closing date.
“On February 9, 2026, Oportun Financial Corporation's (the “Company”) subsidiary, Oportun Issuance Trust 2026-A (the “Issuer”), issued approximately $485 million of two-year revolving fixed rate asset-backed notes (the “Notes”), secured by a pool of its unsecured and secured personal installment loans (the “2026-A Securitization”).”
Oportun Financial Corp incurred senior notes of approximately $441 million with Wilmington Trust, National Association, as indenture trustee, as securities intermediary and as depositary bank at weighted average yield of 5.77% per annum and a weighted average coupon of 5.69% maturing two-year revolving fixed rate.
“On October 17, 2025, the Company issued approximately $441 million of two-year revolving fixed rate asset-backed notes (the “Notes”) by Oportun Issuance Trust 2025-D (the “Issuer”), secured by a pool of its unsecured and secured personal installment loans (the “2025-D Securitization”).”
Oportun Financial Corp incurred credit facility of borrowing capacity of approximately $247 million with Wilmington Trust, National Association as collateral agent, administrative agent, paying agent, securities intermediary and depositary bank; Lenders from time to time party thereto at Term SOFR plus a weighted average spread up to 2.58% maturing three-year term.
“paying agent, securities intermediary and depositary bank (“Wilmington Trust”). The PLW IV Warehouse Facility has a three-year term and a borrowing capacity of approximately $247 million. Borrowings under the Loan and Security Agreement accrue interest at an interest rate no greater than Term SOFR plus a weighted average spread up to 2.58%. The advance rate for”
Oportun Financial Corp incurred senior notes of $538 million with Wilmington Trust, National Association at weighted average yield of 5.29% per annum and a weighted average coupon of 5.23% maturing two-year revolving.
“On August 21, 2025, Oportun Financial Corporation (the “Company”) issued a press release announcing the issuance of approximately $538 million of two-year revolving fixed rate asset-backed notes (the “Notes”) by Oportun Issuance Trust 2025-C (the “Issuer”) and secured by a pool of its unsecured and secured personal installment loans (the “2025-C Securitization”). The 2025-C Securitization included five classes of fixed rate notes. The Notes were offered and sold in a private placement in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended, and were priced with a weighted average yield of 5.29% per annum and a weighted average coupon of 5.23% per annum.”
Oportun Financial Corp: Amendment to declassify the board of directors and provide for annual election of directors (effective 2025-07-21).
“an amendment to the Company’s Amended and Restated Certificate of Incorporation to declassify the Company's board of directors and provide for the annual election of directors”
Oportun Financial Corp: Amendment to eliminate supermajority voting provisions and make certain other administrative changes (effective 2025-07-21).
“an amendment to the Company’s Amended and Restated Certificate of Incorporation to eliminate supermajority voting provisions and make certain other administrative changes”
Raul Vazquez was appointed as Principal Financial Officer and Principal Accounting Officer at Oportun Financial Corp.
“On April 28, 2025, the board of directors of Oportun Financial Corporation (the “Company”) appointed Raul Vazquez, the Company’s Chief Executive Officer, to the roles of principal financial officer and principal accounting officer, effective immediately.”
Oportun Financial Corp incurred credit facility of borrowing capacity of approximately $187.5 million with Lenders from time to time party to the Loan and Security Agreement, Wilmington Trust, National Association as collateral agent, administrative agent, paying agent, securities intermediary and depositary bank at Term SOFR plus a weighted average spread up to 3.34% maturing two-year term.
“administrative agent, paying agent, securities intermediary and depositary bank. The PLW III Warehouse Facility has a two-year term and a borrowing capacity of approximately $187.5 million. Borrowings under the Loan and Security Agreement accrue interest at an interest rate no greater than Term SOFR plus a weighted average spread up to 3.34%. The advance rate for”
Paul Appleton was appointed as Interim Chief Financial Officer at Oportun Financial Corp.
“Given Mr. Mueller’s resignation, Paul Appleton, the Company’s Treasurer and Head of Capital Markets, will serve as interim Chief Financial Officer following Jonathan Coblentz’ retirement as the Company’s Chief Financial Officer, until the search for Mr. Coblentz’ successor is completed.”
Jonathan Coblentz retired as Chief Financial Officer at Oportun Financial Corp.
“Jonathan Coblentz’ retirement as the Company’s Chief Financial Officer”
Casey Mueller resigned as Principal Accounting Officer and Global Controller at Oportun Financial Corp.
“On March 17, 2025, Casey Mueller notified Oportun Financial Corporation (the “Company”) that effective as of April 18, 2025, he plans to resign from his role as Principal Accounting Officer and Global Controller to accept a position at another company.”
Casey Mueller was appointed as Interim Chief Financial Officer at Oportun Financial Corp.
“Mr. Coblentz will continue in his CFO and CAO roles until March 28th to support a smooth transition to Casey Mueller, the Company’s Principal Accounting Officer and Global Controller, who, following Mr. Coblentz’s departure will serve as interim CFO.”
Jonathan Coblentz departed as Chief Financial Officer and Chief Administrative Officer at Oportun Financial Corp.
“On February 7, 2025, Mr. Jonathan Coblentz notified the Company that effective March 28, 2025, he plans to retire from his role as Chief Financial Officer (“CFO”) and Chief Administrative Officer (“CAO”) of the Company.”
Oportun Financial Corp announced a restructuring with charges of approximately $2 to $4 million affecting corporate staff (excluding retail and contact center agents) (a headcount reduction of 100 employees, inclusive of roles eliminated due to recent attrition, representing approximatel).
“management expects to incur non-recurring, pre-tax charges of approximately $2 to $4 million in the second quarter of 2024, consisting primarily of severance payments, employee benefits contributions and related costs associated with the Company’s headcount reduction.”
Oportun Financial Corp updated its first quarter ended March 31, 2024 guidance (raised).
“On May 9, 2024, Oportun Financial Corporation (the “Company”) issued a press release regarding the Company’s financial results for its fiscal quarter ended March 31, 2024.”
Oportun Financial Corp reported first quarter ended March 31, 2024 results: revenue $248 - $250 million, net income $(30) - $(26) million.
“Rate, 30+ Day Delinquency Rate, Net Loss, Adjusted EBITDA and Adjusted Net Income, for the first quarter as follows: Metric Preliminary Guidance 1Q24 1Q24 1Q23 Total Revenue $248 - $250 million $233 - $238 million $259.5 million Annualized Net Charge-Off Rate 12.0% 12.1% +/- 15 bps 12.1% 30+ Day Delinquency Rate 5.2% 5.1% - 5.3% 2 5.5% Net Income (Loss)”
Oportun Financial Corp entered into Agreement with Findell Capital Management LLC and certain of its affiliates (effective 2024-04-19).
“On April 19, 2024, Oportun Financial Corporation (the “Company”) entered into a letter agreement (the “Agreement”) with Findell Capital Management LLC and certain of its affiliates (collectively, “Findell”).”
Scott Parker was appointed as Director at Oportun Financial Corp.
“the Board approved an increase in the number of directors on the Board from nine to 10 and appointed Mr. Parker to serve as a member of the Board.”
Oportun Financial Corp entered into Amendment No. 3 to the Credit Agreement (Third Amendment) with certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent valued at Modifies minimum asset coverage ratio covenant levels, provides for an interest rate step-up of 3.00 (effective 2024-03-12).
“On March 12, 2023, the Company entered into an Amendment No. 3 to the Credit Agreement (the “Third Amendment”), by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent (the “Agent”), which amended the Credit Agreement, dated as of September 14, 2022, as amended, by and among the Company, the lenders from time to time party thereto and the Agent.”
Oportun Financial Corp entered into Eighth Amendment to the Indenture (Eighth RF Indenture Amendment) with Wilmington Trust, National Association valued at Provides for a three-month principal payment holiday for March, April and May 2024 in amounts equal (effective 2024-03-08).
“On March 8, 2024, Oportun RF, LLC (the “RF Issuer”), a subsidiary of Oportun Financial Corporation (the “Company”), and Wilmington Trust, National Association, as indenture trustee, securities intermediary and depositary bank, entered into the Eighth Amendment to the Indenture (the “RF Indenture”) dated December 20, 2021 (the “Eighth RF Indenture Amendment”), and other related documents (together with the Eighth RF Indenture Amendment, the “Eighth RF Amendment”) related to the Company’s asset-backed variable funding facility secured by certain residual cash flows from the Company’s securitizations.”
Oportun Financial Corp reported fourth quarter and full year ended December 31, 2023 results: revenue Total revenue of $263 million, bringing FY23 to $1.1 billion, net income Net income (loss) ($42) million for 4Q23; ($180) million for FY23, EPS Diluted EPS ($1.09) for 4Q23; ($4.88) for FY23.
“Oportun Reports Fourth Quarter and Full Year 2023 Financial Results 4Q23 Total revenue of $263 million, bringing FY23 to $1.1 billion, up 11% year-over-year”
Oportun Financial Corp reported fiscal quarter and full year ended December 31, 2023 results: revenue $263 million for the fourth quarter; full year $1.1 billion. Guidance reaffirmed.
“as expressly stated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Oportun Reports Fourth Quarter and Full Year 2023 Financial Results 4Q23 Total revenue of $263 million, bringing FY23 to $1.1 billion, up 11% year-over-year Quarterly operating expense down 15% $30 million in additional operating expense reductions announced $200 million February”
Oportun Financial Corp entered into 2024-1 Indenture with Wilmington Trust, National Association valued at $199.5 million (effective 2024-02-13).
“The Notes were issued pursuant to the Indenture dated as of February 13, 2024 (the “2024-1 Indenture”) entered into between the Issuer and Wilmington Trust, National Association, as indenture trustee, as securities intermediary and as depositary bank.”
Mohit Daswani was appointed as Director at Oportun Financial Corp.
“appointed Mr. Carlos Minetti and Mr. Mohit Daswani to serve as members of the Board.”
Carlos Minetti was appointed as Director at Oportun Financial Corp.
“appointed Mr. Carlos Minetti and Mr. Mohit Daswani to serve as members of the Board.”
Oportun Financial Corp reported third quarter ended September 30, 2023 results: revenue $268, net income $(21), EPS $(0.55).
“million, we're well positioned for profitable, sustainable growth in service of our members." Third Quarter 2023 Results Metric GAAP Adjusted 1 3Q23 3Q22 3Q23 3Q22 Total revenue $268 $250 Net income (loss) $(21) $(106) ($18) $8.4 Diluted EPS $(0.55) $(3.21) $(0.46) $0.25 Adjusted EBITDA $16 $(6.2) Dollars in millions, except per share amounts. Business”
Oportun Financial Corp announced a restructuring with charges of approximately $7 to $8 million (185 employees, representing approximately 18% of the Company's corporate staff, which excludes retail and contact center).
“On November 6 , 2023, the Company announced that it is taking a series of personnel and other cost saving measures to reduce expenses and streamline efficiency. These measures include a headcount reduction of 185 employees, representing approximately 18% of the Company's corporate staff, which excludes retail and contact center agents. The Company also announced additional measures to reduce its expenditures on external contractors and vendors. In relation to these and other personnel related activities, management expects to incur non-recurring, pre-tax charges of approximately $7 to $8 million in the fourth quarter of 2023 , consisting primarily of severance payments, employee benefits contributions and related costs associated with the Company's headcount reduction.”
R. Neil Williams changed role as Lead Independent Director at Oportun Financial Corp.
“Further, Mr. R. Neil Williams assumed the role of lead independent director.”
Carl Pascarella retired as Director at Oportun Financial Corp.
“Effective November 4, 2023, Mr. Carl Pascarella retired from his role as a director of the Company, as well as his roles as the lead independent director and member of the compensation and leadership committee, the credit risk and finance committee and the nominating, governance, and social responsibility committee.”
Oportun Financial Corp incurred loan of $197 million with certain lenders from time to time party thereto and Wilmington Trust, National Association at 10.05%.
“paying agent and account bank (in such capacities, respectively, the “Administrative Agent,” the “Paying Agent” and the “Account Bank”), pursuant to which the Borrower borrowed $197 million. Borrowings under the Receivables Loan and Security Agreement accrue interest at a blended rate equal to 10.05%. Under the terms of the Receivables Loan and Security Agreement,”
Oportun Financial Corp entered into Receivables Loan and Security Agreement with certain lenders from time to time party thereto and Wilmington Trust, National Association as administrative agent, paying agent and account bank valued at $197 million (effective 2023-10-20).
“Oportun CL Trust 2023-A (the “Borrower”), Oportun, Inc. (the “Seller”), and Oportun CL Depositor, LLC, (the “Depositor”), each subsidiaries of the Company, entered into a Receivables Loan and Security Agreement (the “Receivables Loan and Security Agreement”) with certain lenders from time to time party thereto (the “Lenders”) and Wilmington Trust, National Association as administrative agent, paying agent and account bank (in such capacities, respectively, the “Administrative Agent,” the “Paying Agent” and the “Account Bank”), pursuant to which the Borrower borrowed $197 million.”
Oportun Financial Corp: Amended bylaws to adopt majority voting standard in uncontested director elections and to eliminate supermajority vote requirement for stockholders to amend bylaws, replacing it with a majority vote threshold (effective 2023-10-10).
“On October 10, 2023, the Board of Directors (the “Board”) of Oportun Financial Corporation (the “Company”), acting upon the recommendation of the Board’s Nominating, Governance and Social Responsibility Committee, approved the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective as of such date. Among other things, the Amended and Restated Bylaws provide that directors be elected by a majority of the votes cast, other than in contested elections, where directors will be elected by a plurality vote, and replace the provision requiring a supermajority vote in order for the Company’s stockholders to amend the Company’s bylaws with a majority vote threshold, subject to the provisions of the Company’s certificate of incorporation.”
Oportun Financial Corp reported second quarter ended June 30, 2023 results: revenue $267 million, net income $(15) million, EPS $(0.41). Guidance reaffirmed.
“Oportun Reports Strong Second Quarter 2023 Financial Results Record revenue of $267 million, 18% year-over-year growth”
Oportun Financial Corp incurred term loan of $25 million with certain affiliates of Neuberger Berman Specialty Finance as lenders.
“On June 30, 2023, Oportun Financial Corporation (the “Company”) borrowed $25 million of incremental term loans (the “Incremental Tranche C Loans”) pursuant to the Company's corporate facility entered into by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent, dated as of September 14, 2022 (as amended, supplemented or otherwise modified, the “Amended Credit Agreement”).”
Oportun Financial Corp shareholders approved Non-binding advisory resolution to approve the Company's named executive officer compensation, as described in the proxy materials. at the 2023-06-06 meeting.
“FOR AGAINST ABSTAIN BROKER NON-VOTES 11,205,303 3,777,601 1,297,233 9,989,577”
Oportun Financial Corp shareholders approved Ratification of the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023. at the 2023-06-06 meeting.
“FOR AGAINST ABSTAIN 23,303,017 1,658,270 1,308,427”
Oportun Financial Corp shareholders approved Election of two Class I directors, Jo Ann Barefoot and Sandra A. Smith, each to serve a three-year term at the 2023-06-06 meeting.
“Nominees FOR WITHHELD BROKER NON-VOTES Jo Ann Barefoot 8,092,038 8,188,099 9,989,577 Sandra A. Smith 8,203,354 8,076,783 9,989,577”
Oportun Financial Corp reported first quarter ended March 31, 2023 results: revenue $260 million, net income ($102) million, EPS $(3.00) per diluted share. Guidance raised.
“as expressly stated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Oportun Reports First Quarter 2023 Financial Results Grew revenue 21% year-over-year to $260 million Outperformed each guidance metric Implementing further expense optimization measures to provide additional $78M to $83M in annualized savings SAN CARLOS, CA – May 8, 2023 –”
Oportun Financial Corp announced a restructuring with charges of approximately $8 million affecting corporate staff (a headcount reduction of 255 employees, representing approximately 19% of the Company's corporate staff).
“On May 8, 2023, the Company announced that it is taking a series of personnel and other cost saving measures to reduce expenses and streamline efficiency. These measures include a headcount reduction of 255 employees, representing approximately 19% of the Company's corporate staff, which excludes retail and contact center agents. The Company also announced additional measures to reduce its expenditures on external contractors and vendors. In relation to these and other personnel related activities, management expects to incur non-recurring, pre-tax charges of approximately $8 million in the second quarter of 2023.”
Oportun Financial Corp incurred term loan of $25 million with certain affiliates of Neuberger Berman Specialty Finance.
“On May 5, 2023, the Company borrowed $25 million of incremental term loans (the “Incremental Tranche B Loans”) pursuant to the Company's corporate facility entered into by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent, dated as of September 14, 2022 (as amended, supplemented or otherwise modified, the “Amended Credit Agreement”).”
Oportun Financial Corp reported financial results for the fourth quarter and full year ended December 31, 2022.
“On March 13, 2023, the Company issued a press release regarding the Company’s financial results for its fiscal quarter and full year ended December 31, 2023.”
Oportun Financial Corp incurred term loan of $20.8 million of incremental term loans with certain affiliates of Neuberger Berman Specialty Finance as lenders at 1-month term SOFR plus 9.00% plus an amount payable in cash or in kind, at the C maturing September 14, 2026.
“On March 10, 2023 (the “Second Amendment Closing Date”), Oportun Financial Corporation (the “Company”) entered into an Amendment No. 2 to Credit Agreement (the “Second Amendment”), by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent (the “Agent”), which amended the Credit Agreement, dated as of September 14, 2022 (as amended, supplemented or otherwise modified, including by the Second Amendment, the “Amended Credit Agreement”), by and among the Company, the lenders from time to time party thereto and the Agent. On the Second Amendment Closing Date, the Company borrowed $20.8 million of incremental term loans (the “Incremental Tranche A-1 Loans”) and intends to borrow an additional $4.2 million of incremental term loans (the “Incremental Tranche A-2 Loans”) on or about March 27, 2023,”
Oportun Financial Corp amended Amendment No. 2 to Credit Agreement with certain affiliates of Neuberger Berman Specialty Finance (effective 2023-03-10).
“On March 10, 2023 (the “Second Amendment Closing Date”), Oportun Financial Corporation (the “Company”) entered into an Amendment No. 2 to Credit Agreement (the “Second Amendment”), by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent (the “Agent”), which amended the Credit Agreement, dated as of September 14, 2022”
Oportun Financial Corp reported preliminary financial results for the fourth quarter ended December 31, 2022.
“On February 9, 2023, Oportun Financial Corporation (the “Company”) issued a press release announcing select preliminary financial results and operating metrics for the fourth quarter ended December 31, 2022.”
Oportun Financial Corp announced a restructuring with charges of $5 million to $6 million (approximately 155 employees).
“In relation to these and other personnel related activities, management expects to incur non-recurring, pre-tax charges of $5 million to $6 million in the first quarter of 2023.”
Oportun Financial Corp: Amended and Restated Bylaws to update advance notice procedures, clarify meeting conduct, and make technical edits (effective 2022-11-17).
“On November 17, 2022, the Board of Directors of Oportun Financial Corporation (the “Company”) approved the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective as of such date.”
Oportun Financial Corp: Amended and Restated Bylaws to update advance notice procedures, clarify meeting conduct, and make technical updates (effective 2022-11-17).
“On November 17, 2022, the Board of Directors of Oportun Financial Corporation (the “Company”) approved the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective as of such date. The amendments effected in the Amended and Restated Bylaws, among other things: • update and revise advance notice procedures for the nomination of directors or the proposal of other business at stockholder meetings, including to account for the universal proxy rules adopted by the Securities and Exchange Commission; • clarify certain procedures related to the conduct of stockholder meetings; and • reflect various other technical edits, clarifying updates, and ministerial changes, including related to recent amendments in the Delaware General Corporation Law.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.