OppFi’s $1B Deposit Deal, 8.3% Revenue Growth and 34.8% Upside
OppFi’s pending BNCC acquisition adds ~$1.0B of low-cost deposits and could drive 25%+ adjusted EPS accretion as 1Q26 revenue climbed 8.3% to $151.9M on receivables up 9.4%. Analysts forecast a 34.8% upside based on consensus price targets despite a 7.0% drop in net originations.
1. BNCC Acquisition and EPS Accretion
OppFi’s pending $1.0B acquisition of BNCC deposits shifts the business to a bank-enabled, deposit-funded model and is expected to deliver over 25% accretion to adjusted EPS in its first year, expanding the company’s low-cost funding base and national footprint.
2. 1Q26 Financial Results
OppFi reported net originations declined 7.0% year-over-year to $176.0M, while receivables grew 9.4% to $444.9M and revenue rose 8.3% to a record $151.9M. Tighter credit conditions and higher tax refunds reduced loan demand but expense discipline limited pressure from elevated charge-offs.
3. Product Investments and FY26 Guidance
Management plans to launch LOLA migration in May, roll out LOCs in summer and introduce Model 7 in fall 2026, supporting platform expansion. Full-year guidance remains $650M–$675M in revenue and $1.76–$1.84 in adjusted EPS.
4. Analyst Upside Projections
Analysts set a consensus price target implying 34.8% upside potential despite a 7.0% fall in originations. Upward revisions in earnings estimates and the pending BNCC deal underpin bullish sentiment among investors.