OppFi announces acquisition of BNCCORP to transition to national bank charter

Filed June 16, 2026 · Period ending June 16, 2026 · ~2 min read

Key Changes

• high

  OppFi disclosed proposed acquisition of BNCCORP, Inc. to transition to national bank charter, enabling expansion to all 50 states, access to deposit funding to lower costs, and reduced regulatory uncertainty.

  Exhibit 99.1 verify on EDGAR →
• high

  Pro forma combined entity targets $2.0B total assets, $1.4B loans, $1.0B deposits at close, with net interest margins above 90%, net income margins above 25% beyond 2026, and adjusted ROE above 35% by 2028.

  Exhibit 99.1 verify on EDGAR →
• high

  Management outlined five-year plan to grow adjusted net income from $140M (2025) to $500M through platform synergies ($185M target), consumer product expansion ($75M), and small business lending ($100M).

  Exhibit 99.1 verify on EDGAR →