OPFI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• •Net income increased 165.0% to $54.0 million from $20.4 million for the three months ended March 31, 2026 and 2025, respectively;

• •Diluted earnings per common share increased $1.04 to $0.56 from diluted loss per common share of $0.48 for the three months ended March 31, 2026 and 2025, respectively;

• •Adjusted net income (“Adjusted Net Income”)(1) decreased 11.2% to $30.0 million from $33.8 million for the three months ended March 31, 2026 and 2025, respectively;

• •Adjusted earnings per share (“Adjusted EPS”)(1) decreased $0.03 to $0.35 from $0.38 for the three months ended March 31, 2026 and 2025, respectively;

• (1) Adjusted EPS and Adjusted Net Income are non-GAAP financial measures. For information regarding our uses and definitions of these measures and for reconciliations to the most directly comparable United States GAAP measures, see the section titled “Non-GAAP Financial Measures” below.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• •Net income of $75.9 million for the three months ended September 30, 2025, an increase of $43.9 million from $32.1 million for the three months ended September 30, 2024;

• •Basic and diluted earnings per common share of $1.48 and $0.77, respectively, for the three months ended September 30, 2025;

• •Adjusted net income (“Adjusted Net Income”)(1) of $40.7 million for the three months ended September 30, 2025, an increase of $11.9 million from $28.8 million for the three months ended September 30, 2024;

• •Adjusted earnings per share (“Adjusted EPS”)(1) of $0.46 for the three months ended September 30, 2025, an increase of $0.13 from $0.33 for the three months ended September 30, 2024;

• •Ending receivables increased 16.3% to $481.0 million from $413.7 million as of September 30, 2025 and 2024, respectively.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• There have been no material changes in our exposure to market risk as previously disclosed in our 2025 Annual Report.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• As a “smaller reporting company,” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Our business, financial condition and operating results can be affected by a number of factors, whether currently known or unknown, including but not limited to those described in Part I, Item 1A of the 2025 Annual Report under the heading “Risk Factors,” any one or more of which could, directly or …

• We may not be able to consummate the Transaction with BNCC on the anticipated terms, on the anticipated timeline, or at all, which could adversely affect our business, financial condition, results of operation and stock price.

• On April 28, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BNCCORP, Inc., a Delaware corporation (“BNCC”), and Birch Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Merger Sub”). Pursuant to the Merger …

• In connection with the Transaction, a portion of the consideration payable at closing will consist of shares of our Class A Common Stock. We expect to issue approximately 6.8 million shares of our Class A Common Stock in the Transaction. The issuance of these shares will dilute the ownership interes…

• If the Transaction is not consummated, or is consummated on different terms than as contemplated by the Merger Agreement, we could be adversely affected and subject to a variety of risks associated with the failure to consummate the Transaction, or to consummate the Transaction as contemplated by th…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• There have been no material changes from the Risk Factors previously disclosed in Part 1, Item 1A, of our 2024 Annual Report.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• Effective October 28, 2025, the Board adopted the OppFi Inc. Executive Deferred Compensation Plan (the “DCP”). The DCP is intended to be an “unfunded” plan of deferred compensation payable out of the general assets of the Company and is intended to comply with Section 409A of the Internal Revenue Co…

• The DCP allows certain management employees to defer receipt of certain of their equity-based compensation beginning with equity compensation awards that are made to them in 2026. Under the DCP, eligible employees may make an irrevocable election to defer all or a portion of their annual equity comp…

• Participants will be entitled to receive a distribution of vested benefits under the DCP based on the distribution option selected by the participant in his or her compensation deferral agreement, which may be either upon the participant’s separation from service or a selected anniversary thereof. T…

• The Company may, at any time, in its sole discretion, terminate, amend or modify the DCP, in whole or in part, except that no such termination, amendment or modification shall, without the participant’s consent, have any adverse effect on a participant’s right to any amounts deemed to be accrued and…

• The foregoing description of the DCP is not intended to be complete and is qualified in its entirety by reference to the full text of this document, which is filed as Exhibit 10.2 to this Quarterly Report.