OPPFI, a prominent financial institution, has recently released its Q4 2024 revised estimates and the results are impressive. The company has reported a substantial increase in its net income, with a remarkable 112.4% year-over-year growth, reaching $83.8 million for the full-year 2024. This signifies a significant improvement from the previous year when it reported a loss per share of $0.06 for full-year 2023. In 2024, the company achieved a positive basic and diluted earnings per share ("EPS") of $0.36, marking a substantial turnaround.
Furthermore, OPPFI's adjusted net income also soared, increasing by 99.2% year over year to $82.7 million for the full-year 2024, setting a new record for the company. The adjusted EPS saw a remarkable surge as well, climbing by 95.5% year over year to $0.95 for the full-year 2024.
Looking ahead, OPPFI has raised its 2025 adjusted net income guidance to a range of $22 * $24 million for Q1 2025, indicating the company's confidence in sustaining its growth trajectory. Moreover, the full-year 2025 is anticipated to witness further expansion, with expected growth of 15% * 17% year over year.
This robust performance underscores OPPFI's financial strength and its ability to deliver consistent growth, as evidenced by this being the tenth consecutive year of net income. The company's upward trajectory in net income and EPS demonstrates its resilience and strategic management, positioning it for continued success in the financial landscape. Following these announcements, the company's shares moved 9.0%, and are now trading at a price of $10.19. Check out the company's full 8-K submission here.
