Mergers & Acquisitions ·
OppFi withdraws regulatory applications for proposed $1.4B BNC acquisition, reaffirms 2026 guidance
OPFIOppFi Inc.
OppFi Inc. withdrew its applications to the Office of the Comptroller of the Currency, Federal Reserve, and FDIC related to the proposed acquisition of BNCCORP, Inc. and BNC National Bank. The company cited a lack of articulated objective standards by federal regulators for evaluating the transaction. The Merger Agreement remains in effect but is not terminated. OppFi reaffirmed its full-year 2026 guidance, projecting total revenue between $600 million and $610 million, adjusted net income between $115 million and $120 million, and adjusted EPS of $1.34 to $1.40. OppFi operates a tech-enabled digital finance platform that partners with banks to offer financial products to consumers.