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OppFi Q1 loan originations drop 7% due to tighter credit and bigger tax refunds

Company Fundamentals
07 May 2026
PYMNTS
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Bearish
pluang ai news

OppFi reported a 7% decline in total net loan originations to $176 million in Q1 2026, down from $189 million in Q1 2025. The decrease is attributed to tighter credit policies and reduced loan demand caused by larger tax refunds. Net charge-offs rose to 42.5% of revenue, reflecting a normalization after an exceptional 2025. OppFi plans to complete its acquisition of BNC Bank in Q4 2026 to expand its digital finance platform and product offerings.

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