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OppFi withdraws bank acquisition applications, reaffirms 2026 revenue and profit guidance.

Market News
03 Nov 2026, 15:30 WIB
PRNewsWire
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Neutral
OppFi withdraws bank acquisition applications, reaffirms 2026 revenue and profit guidance.

OppFi has withdrawn its regulatory applications for acquiring BNCCORP and its bank subsidiary due to unclear evaluation standards from federal regulators. The company plans to engage regulators to establish clear criteria for fintech and community bank partnerships. Despite the withdrawal, OppFi reaffirms its 2026 financial guidance, expecting total revenue of $600-$610 million and adjusted net income of $115-$120 million. OppFi remains confident in its long-term growth and value creation without the acquisition.

OppFi's update on its pending BNC acquisition comes as a backdrop to a Financials sector with balanced market breadth. For readers following Financials, here is Pluang's market snapshot as of Nov 03, 2026 20:12 WIB: out of 142 priced US stocks, 66 rose and 66 fell. Notable movers include PURR at USD 10.05 (+3.50%), GLXY at USD 15.09 (+3.43%), and BTBT at USD 0.76 (+3.32%).

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