Oportun Financial Corp (OPRT) News & EventsOPRTOportun Financial Corp

Oportun Appoints Bernardo Martinez as Chief Retail and Sales Officer

Oportun announced that Bernardo Martinez has joined the company as Chief Retail and Sales Officer and Garrett Hope has joined as Chief Product Officer. Martinez will lead the functions that shape Oportun's member experience across its digital, retail and contact center channels. Hope will lead product strategy and development, helping the company deliver products and experiences that support members throughout their financial journey.

Oportun Appoints Bill Franklin as CFO

Oportun (OPRT) announced that Bill Franklin has joined the company as CFO, effective immediately. Franklin will lead Oportun's finance organization and partner with the executive leadership team to advance the company's financial strategy, operating discipline, and long-term value creation. At Discover (DFS), he served as senior VP and CFO of consumer banking overseeing financial planning and analysis for Discover's consumer lending and deposit businesses, including personal loans.

Oportun Reports Q2 Revenue of $233.2M, Exceeding Expectations

Reports Q2 revenue $233.2M, consensus $230.75M. "I'm pleased with our 2Q results," said Doug Bland, CEO of Oportun. "Disciplined execution, including a return to originations growth, a lower cost of capital and continued expense discipline, enabled us to deliver another quarter of GAAP profitability while outperforming the top end of our guidance ranges for both total revenue and Adjusted EBITDA. Our annualized net charge-off rate also outperformed our guidance range and our 30-plus day delinquency rate, our lowest since 4Q21, reinforces our confidence that credit performance will continue improving during the second half of the year."