OppFi pulls regulatory applications for BNC acquisition and reaffirms 2026 outlook
OppFi announced that it has withdrawn its applications to the OCC, the Federal Reserve and the FDIC for the proposed purchase of BNCCORP and BNC National Bank. The company restated its full‑year 2026 guidance, projecting revenue of $600 million to $610 million and adjusted net income of $115 million to $120 million. CEO Todd Schwartz said the withdrawal reflects unclear regulatory standards, not a change in the firm’s long‑term strategy. The merger agreement remains in place, but the regulatory path is paused.
Why it matters
The guidance unchanged means analysts will continue to model 2026 earnings based on the same revenue and profit ranges, while the acquisition delay may postpone any synergies or balance‑sheet expansion expected from the deal. Investors should watch for future regulatory updates that could revive or permanently halt the transaction.
Key facts
- 1OppFi withdrew its applications to the Office of the Comptroller of the Currency, the Federal Reserve and the FDIC for the proposed acquisition of BNCCORP and BNC National Bank. prnewswire.com
- 2The company reaffirmed full‑year 2026 revenue guidance of $600 million to $610 million. prnewswire.com
- 3Adjusted net income guidance for 2026 was restated at $115 million to $120 million. prnewswire.com
- 4Adjusted EPS guidance for 2026 was restated at $1.34 to $1.40. prnewswire.com
- 5The EPS range is based on an estimated weighted‑average diluted share count of 86 million shares. prnewswire.com
- 6The announcement was made on November 3 2026. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.