Financial Data and Key Metrics Changes - The company reported its fourth quarter and full year 2020 results, highlighting the impact of the COVID-19 pandemic on operations and financial performance [3][4]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content [1]. Market Data and Key Metrics Changes - The conference call did not include specific market data or key metrics changes [1]. Company Strategy and Development Direction and Industry Competition - The management emphasized the importance of adapting to the uncertainties caused by the COVID-19 pandemic in their business strategy and future operations [3][4]. Management's Comments on Operating Environment and Future Outlook - Management cautioned that actual results may differ materially from forward-looking statements due to the ongoing uncertainties related to the pandemic [3][4]. Other Important Information - The company reminded participants that the call would include forward-looking statements and advised against placing undue reliance on these statements [3]. Q&A Session Summary - No specific questions or answers from the Q&A session were included in the provided content [1].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-39050 OPORTUN FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) State or ...

Oportun Financial Corporation (NASDAQ:OPRT) Q3 2020 Earnings Conference Call November 10, 2020 5:00 PM ET Company Participants Nils Erdmann - Vice President of Investor Relations Raul Vazquez - Chief Executive Officer Jonathan Coblentz - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Sanjay Sakhrani - Keefe, Bruyette & Woods, Inc. John Hecht - Jefferies LLC Richard Shane - JPMorgan Chase & Co. Operator Good afternoon, and welcome to the Oportun Third Quarter 2020 Earni ...

Financial Performance - Total revenue was $1368 million, down 11% year-over-year[20] - Net loss was $(60) million, compared to a net income of $100 million in 3Q19, primarily due to current period charge-offs and a legal settlement of $(88) million[20] - Aggregate originations were $3024 million, down 44% year-over-year[20] - Managed principal balance at the end of the period was $18 billion, down 9% year-over-year[20] - Annualized net charge-off rate was 104%, compared to 81% in 3Q19, but down from 106% in 2Q20[21] - Adjusted EBITDA was $(12) million, compared to $186 million in 3Q19[20] Credit Quality & Deferrals - Emergency Hardship Deferrals declined to 10% and 15% at Oct 31 and Sept 30, compared to 50% at June 30[8] - The 30+ Day Delinquency Rate declined to 36% and 35% at Oct 31 and Sept 30, compared to 37% at June 30[8] - First Payment Defaults on new originations are below 2019 and pre-pandemic levels[8] - Aggregate Originations were $1336 million in October, a 15% increase from September, and 69% of the prior-year period[23] Capital & Liquidity - The company continues to maintain 12+ months of liquidity runway[12] - $1962 million of cash and restricted cash at October 31[12] - $4000 million warehouse line with $2080 million undrawn capacity at October 31[12] - Sold retained subordinate notes, raising $398 million, net, and co-sponsored $1880 million securitization of Oportun collateral by whole loan purchaser[12] Expense Management & Growth Strategy - 3Q20 total operating expenses were up 9% sequentially from 2Q20, but excluding the impact of a legal settlement, 3Q20 operating expenses were down 02% sequentially[12] - Quarter-over-quarter originations growth in 3Q20 of 92% as compared to 2Q20[14] - Year-over-year originations increased in October, September and August to 69%, 67% and 55% of last year[14] - The company announced a partnership with Metabank, N.A for expansion across the nation[14]

August 6, 2020 2Q20 Earnings Presentation Forward-Looking Statements This presentation and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical fact contained in this presentation, including statements concerning our business, future results of operations and financial position, planned products and services, business strategy and plans and objectives of management for future operations of Oportun Financial Corporation ("Oportun" or the "C ...

Financial Data and Key Metrics Changes - The company generated $143 million in total revenue for Q2 2020, with adjusted EBITDA of $4.8 million, despite the pandemic's impact [7][29] - Total revenue was $142.7 million, slightly up from the prior year, primarily due to a 5% year-over-year increase in interest income [29] - Net revenue decreased by 62% year-over-year to $36.9 million, impacted by changes in fair value of the loan portfolio and asset-backed notes [30][39] Business Line Data and Key Metrics Changes - Aggregate originations for Q2 were $157.6 million, down 67% year-over-year, but showed month-over-month improvement with a 46% increase by the end of June [28] - July originations grew 24% month-over-month, narrowing the year-over-year decline to 54% [12][28] - The company reported a decline in deferral percentage to 3.9% by July 31, down from 5% at June 30, indicating improved credit performance [11][41] Market Data and Key Metrics Changes - The company maintained a robust liquidity position with over 12 months of liquidity runway without accessing the securitization market [14][46] - As of June 30, total cash was $198 million, which decreased to $165.8 million by July 31 due to the call of a securitization [46][47] Company Strategy and Development Direction - The company plans to return to growth while maintaining a thoughtful approach to underwriting, focusing on good credit outcomes, serving customers, and maintaining capital and liquidity [8][15] - A strategic partnership with DolEx Dollar Express was announced to broaden reach in critical markets, with an initial rollout expected in Q4 [16][68] - The company implemented a 36% APR cap on newly originated loans, aiming to enhance customer service and expand marketing channels [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economic recovery and the company's proactive measures to navigate the challenging environment [26][50] - The company anticipates that future performance will continue to be impacted by the pandemic, with no specific guidance provided for 2020 or 2021 [50] Other Important Information - Operating expenses for Q2 were $93 million, up 12% year-over-year, but down 6% sequentially from Q1 [37] - The annualized net charge-off rate was 10.6% for Q2, increasing to 11.9% in July, with expectations of elevated charge-offs continuing in 2020 [44][45] Q&A Session Summary Question: Timing of the DolEx partnership and product rollout - Management expects regulatory approvals to be finalized in the next few weeks, with a rollout starting in Q4 [56][58] Question: Fair value marks during the quarter - The fair value mark on bonds was 98.7% as of June 30, down from 101.6% in Q2 2019, indicating potential for improvement as market conditions normalize [59] Question: Charge-off rate trajectory - Management noted that while charge-offs increased, the underlying credit quality of new originations has improved, leading to confidence in future performance [64][65] Question: Regulatory approvals for DolEx partnership - Loans will be issued in the company's name, with DolEx acting as an agent, requiring compliance with state regulations [82] Question: Mix of fixed and variable expenses - The company has been optimizing marketing expenses, shifting to digital channels, and reducing fixed costs where possible [80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-39050 OPORTUN FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) State or Other ...

Loan Originations and Customer Impact - The company has originated over 3.8 million loans, representing more than $8.9 billion of credit extended to over 1.7 million customers[127]. - Customers have saved more than $1.7 billion in aggregate interest and fees compared to alternative products available to them[127]. - The company aims to expand its offerings beyond unsecured installment loans into auto loans and credit cards, responding to customer demand[129]. - Active Customers reached 743,232 as of April 30, 2020, indicating a strong customer base despite challenges posed by the COVID-19 pandemic[158]. - Aggregate Originations for the month ended April 30, 2020 were $41.8 million, with 11,555 loans originated, reflecting a significant operational scale[158]. Financial Performance - Total revenue for Q1 2020 was $163.428 million, up 18.9% from $138.328 million in Q1 2019[227]. - Interest income increased by 19.8% from $126.746 million in Q1 2019 to $150.700 million in Q1 2020[227]. - The net loss for Q1 2020 was $13.3 million compared to a net income of $14.6 million in Q1 2019[182]. - Adjusted EBITDA for Q1 2020 was $17,861 thousand, a decrease from $18,872 thousand in Q1 2019, reflecting a decline of 5.4%[232]. - Adjusted Net Income (Loss) for Q1 2020 was $(1,205) thousand, down from $9,595 thousand in Q1 2019[234]. Delinquency and Charge-Offs - The 30+ Day Delinquency Rate increased to 4.0% in April 2020, up from 3.8% at the end of Q1 2020[142]. - Annualized Net Charge-Off Rate for the month was 9.4%, reflecting an increase due to larger loan sizes and the impact of the pandemic[158]. - The remaining cumulative charge-offs increased from 10.00% in Q1 2019 to 14.56% in Q1 2020, indicating a rise in expected loan losses[220]. - The company anticipates an increase in charge-offs due to the impact of the COVID-19 pandemic[197]. Operational Adjustments and COVID-19 Response - The company has tightened lending criteria and reduced loan sizes in response to the COVID-19 pandemic, leading to a reduction in applications and origination volume[135]. - The company has implemented more stringent employment verification procedures and increased recency requirements for proof of income due to the economic impact of the pandemic[139]. - The company has invested significantly in technology, enabling rapid adjustments to credit underwriting and servicing capabilities in response to COVID-19[138]. - The company has not laid off any employees but is only hiring for critical positions in response to the COVID-19 pandemic[152]. Revenue and Expense Trends - Operating expenses rose by 25.3% from $78.691 million in Q1 2019 to $98.614 million in Q1 2020[227]. - Technology and facilities expenses increased by 42.2% from $21,641 thousand in Q1 2019 to $30,774 thousand in Q1 2020, representing 18.8% of total revenue[200]. - Sales and marketing expenses grew by 16.7% from $21,266 thousand in Q1 2019 to $24,827 thousand in Q1 2020, accounting for 15.2% of total revenue[202]. - Personnel expenses increased by 35.5% from $18,877 thousand in Q1 2019 to $25,582 thousand in Q1 2020, representing 15.7% of total revenue[204]. Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash totaled $206.1 million as of March 31, 2020, compared to $118.7 million in the prior year[256]. - Net cash provided by operating activities was $52.1 million for Q1 2020, an increase from $47.2 million in Q1 2019[258]. - The company anticipates sufficient liquidity to meet cash operating expenses and capital expenditure requirements for at least the next 12 months[261]. - As of March 31, 2020, the company was in compliance with all covenants and requirements of its debt facilities[250][251].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-39050 OPORTUN FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 45-336198 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-39050 OPORTUN FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 45 ...