OPRT

Increased Holiday Savings: Oportun's 2025 Holiday Savings Report reveals that Americans have saved over $6.5 million for the holiday season, marking a 30% increase from 2024, with an average savings of $1,051 per member.

State-Specific Savings Trends: Kansas, Washington, and Colorado are the top states for holiday savings, each averaging over $1,200, while North Carolina, Michigan, and Idaho reported the lowest savings levels.

Withdrawal Patterns: Members typically withdrew an average of $605 in the third quarter, indicating early holiday shopping or other priority expenses, with an average of $148 saved in the first month after opening a holiday savings account.

Commitment to Savings Goals: The report highlights a consistent increase in deadline-driven savings goals, with a 20%+ rise over the past two years, emphasizing the importance of starting strong and maintaining consistent savings habits.

Management Performance: Oportun Financial Corporation reported strong Q3 results with a net income of $5.2 million, marking its fourth consecutive quarter of GAAP profitability, and emphasized improved credit performance and reduced operating expenses.

Outlook and Guidance: The company raised its full-year adjusted EPS guidance to $1.30–$1.40 per share, while also updating originations growth expectations to the high single-digits percentage range, reflecting a cautious approach amid macroeconomic pressures.

Credit Metrics: Oportun noted a slight improvement in its annualized net charge-off rate to 11.8% and a 30-plus day delinquency rate of 4.7%, although management anticipates a temporary increase in charge-offs in early 2026.

Analyst Sentiment: Analysts expressed cautious optimism regarding consumer behavior and credit quality, while management maintained a confident tone, focusing on operational discipline and the importance of high-quality loan originations amidst ongoing macroeconomic uncertainty.