Following the announcement of the release date for Oportun Financial Corporation’s quarterly results, shares of the company were up 4.94% to trade at $4.46 in after-hours trading at the time of our last check.
When will OPRT release financial information?
On Monday, November 7, 2022, following the closing of the market, Oportun (OPRT) will announce its financial results for the third quarter of 2022.
On Monday, November 7, 2022, at 5:00 pm ET/2:00 pm PT, Oportun will conduct a conference call and earnings webcast to discuss results. The investor relations website of OPRT, investor.oportun.com, will provide a live webcast of the call, and a webcast replay of the event will be accessible for a year.
OPRT nominated for an award:
OPRT just announced that it has been shortlisted for the Best Use of A.I. category of the 2022 FinTech Futures Banking Tech Awards. This honor honors OPRT’s application of artificial intelligence to expand the financial opportunities available to groups of people who have traditionally been excluded from the mainstream financial system.
A.I. is used by OPRT, a mission-driven digital banking platform, to provide a full suite of financial products that address the everyday borrowing, saving, banking, and investing requirements of the millions of hardworking Americans who are excluded from the country’s mainstream financial system.
OPRT received recognition for ESG initiatives:
The 2022 Finovate Award Winner for Excellence in Sustainability has been announced as Oportun. The Finovate Awards honor outstanding achievements made by businesses and people in the financial technology industry. It recognizes the organizations advancing fintech innovation as well as the individuals who are developing fresh concepts. This esteemed prize has never before been given to OPRT.
In order to create sustainable solutions for its members, foster an inclusive workplace, and enhance the communities it serves, Oportun has concentrated on establishing a holistic ESG strategy.
The ESG program at Oportun has several efforts including:
- OPRT continued to assist its members in easily saving an average of $3,000 per person per year for emergencies and other needs.
- More than 1 million customers were assisted by the business is starting to develop their credit.
- Additionally, it helped members avoid paying almost $2.3 billion in interest and fees.
- Oportun also gave 1% of its yearly net income and 1% of the time of its staff to assist nonprofits and charitable causes, with the majority of its charitable contributions going to communities of color.
Diversity and Green initiatives at OPRT:
The majority of Oportun (OPRT) leadership, including the Oportun Board of Directors, self-identify as women or members of historically underrepresented groups, demonstrating the company’s commitment to diversity within its workforce.
Additionally, OPRT lessened its carbon footprint by investing in 7,240 tonnes of carbon offsets and cutting 20,488 pounds of CO2 emissions via recycling and e-waste programs.