SEC Form 10-K filed by Oportun Financial Corporation

SAN CARLOS, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today confirmed receipt of a notice from Findell Capital Management LLC ("Findell") nominating two directors to stand for election to the Oportun Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders. The Board issued the following statement in response: Over the past three years, the Oportun Board of Directors has overseen decisive and deliberate actions to put the company on a strong path for long-term profitable growth. These actions, which we summarized in our press release on March 20, 2025, have led to improved credit performance,

Expresses Confidence in Expertise and Experience of Ms. Bell and Mr. Wilcox to Drive Much-Needed Governance and Operational Improvements Points Out Record of Value Destruction by Management and Legacy Board, Credits Recent Stock Price Improvement to Findell's Involvement and Oversight Provided by New Directors NEW YORK, March 27, 2025 /PRNewswire/ -- Findell Capital Management LLC ("Findell"), which beneficially owns approximately 9.2% of the outstanding common stock of Oportun Financial Corporation ("Oportun"), today issued an open letter to the board of directors ("Board") and shareholders of Oportun (NASDAQ:OPRT) responding to the Board's comments of March 20, 2025 and announcing that it

SAN CARLOS, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today issued the following statement regarding a public letter from Findell Capital Management LLC ("Findell"): Oportun's management team and Board of Directors maintain consistent and open dialogue with our shareholders and welcome constructive feedback. We have engaged actively, repeatedly and in good faith with Findell for some time, striving to foster a constructive and collaborative relationship, with the goal of enhancing value for all shareholders. The Board and management have driven significant improvements in Oportun's performance by taking decisive act

BTIG Research initiated coverage of Oportun Financial with a rating of Buy and set a new price target of $10.00

JMP Securities downgraded Oportun Financial from Mkt Outperform to Mkt Perform

Jefferies downgraded Oportun Financial from Buy to Hold and set a new price target of $3.50 from $9.00 previously

4 - Oportun Financial Corp (0001538716) (Issuer)

4 - Oportun Financial Corp (0001538716) (Issuer)

4 - Oportun Financial Corp (0001538716) (Issuer)

4 - Oportun Financial Corp (0001538716) (Issuer)

4 - Oportun Financial Corp (0001538716) (Issuer)

4 - Oportun Financial Corp (0001538716) (Issuer)

DEFA14A - Oportun Financial Corp (0001538716) (Filer)

8-K - Oportun Financial Corp (0001538716) (Filer)

DEFA14A - Oportun Financial Corp (0001538716) (Filer)

SAN CARLOS, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today confirmed receipt of a notice from Findell Capital Management LLC ("Findell") nominating two directors to stand for election to the Oportun Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders. The Board issued the following statement in response: Over the past three years, the Oportun Board of Directors has overseen decisive and deliberate actions to put the company on a strong path for long-term profitable growth. These actions, which we summarized in our press release on March 20, 2025, have led to improved credit performance,

SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement") the Company has entered into with Findell Capital Management LLC (together, with certain of its affiliates "Findell"). Findell is an investment firm that owns approximately 7.7% of Opo

SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) today announced the addition of two new independent board members to its Board of Directors. Effective as of February 7, 2024, the appointments expand Oportun's board from seven to nine members with the additions of Carlos Minetti and Mohit Daswani. Carlos Minetti has more than 35 years of experience in consumer lending and credit risk. Most recently as President, Consumer Banking, at Discover Financial Services, a position he held from 2010 to 2023. Minetti led the company's diversification into Consumer Banking, which included personal loans, student loans, home loans and on-line banking. At Discover, he also pr

Returned to GAAP profitability with net income of $9 million in fourth quarter Adjusted EBITDA of $41 million, up 315% year-over-year Quarterly annualized net charge-off rate of 11.7%, lowest since third quarter of 2022 Total quarterly operating expenses of $89 million, reduced 31% year-over-year Raising full year 2025 expectations   SAN CARLOS, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") reported financial results today for the fourth quarter and full year ended December 31, 2024. "We finished the year stronger than anticipated and believe that we've turned the corner, well-poised to capitalize on our momentum a

SAN CARLOS, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its fourth quarter 2024 on Wednesday, February 12, 2025, after market close. Oportun will host a conference call and earnings webcast to discuss results on Wednesday, February 12, 2025, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun's investor relations website at investor.oportun.com, and a webcast replay of the call will be available for one year. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes p

Met or outperformed each guidance metric Total operating expenses declined 17% year-over-year Credit card portfolio sale complete Corporate debt refinancing expected to close on November 14th   SAN CARLOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the third quarter ended September 30, 2024. "I'm pleased that our third quarter results met or exceeded our expectations on each of our guidance metrics," said Raul Vazquez, CEO of Oportun. "We generated total revenue of $250 million, while our Annualized Net Charge-Off Rate declined 40 basis points sequentially to 11.9% as we report

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