OppFi Withdraws Federal Regulatory Applications for BNC Acquisition; Reaffirms 2026 Guidance

MT Newswires Live11-03 22:57

OppFi (OPFI) withdrew its federal regulatory applications for the proposed acquisition of BNCCORP and BNC National Bank, citing unclear approval standards, the company said Tuesday.

The company said it will engage with regulators on standards for bank-fintech combinations, maintaining that its applications met existing approval criteria.

OppFi reaffirmed its revised 2026 guidance, including revenue of $600 million to $610 million, adjusted net income of $115 million to $120 million and adjusted earnings per share of $1.34 to $1.40.

OppFi shares were up about 2% in Tuesday trading.

Price: 5.72, Change: +0.09, Percent Change: +1.69

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