OppFi to File S-4 for BNCC Acquisition, Projects $140M Adj. Net Income in 2025, Targets $500M
OPFI is trading near its 52-week low of $7.36 (12% above the low).
Summary
OppFi announced it will file an S-4 registration statement for its previously disclosed acquisition of BNCCORP. The company also furnished an investor presentation projecting $140 million in adjusted net income for 2025 and targeting $500 million in adjusted net income within five years for the combined entity. This update provides specific, high-magnitude financial benefits expected from the acquisition, which was initially announced on April 29th. The pro forma bank is expected to have over $1.0 billion in deposits, leveraging BNCC's core deposit base.
At the time of this announcement, OPFI was trading at $8.21 on NYSE in the Finance sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $7.36 to $15.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.