OppFi Inc. expects its acquisition of BNCC Corp and BNC National Bank to be 25% accretive to adjusted earnings per share in year one [1].
The transaction allows OppFi to combine its digital lending platform with a national bank charter. This move is intended to expand the company's geographic reach and broaden its product offerings across the U.S. [3].
The deal is structured as a cash-and-stock transaction valued at approximately $130 million [2]. Todd Schwartz, the founder, executive chairman and CEO of OppFi, said the company expects to close the deal in the fourth quarter of 2026 [2].
Schwartz said, "The deal is expected to be roughly 25% accretive to adjusted EPS in year 1" [1]. He also noted the company's plans to acquire BNCC Corp and BNC National Bank in the $130 million transaction [2].
Financial projections associated with the acquisition include $466 million in tax amortizable goodwill [4]. Additionally, the company projects future cash tax savings of $111 million [5].
OppFi, which is listed on the New York Stock Exchange, announced these plans during the first quarter of 2026 [2]. The acquisition of BNC National Bank provides the company with a critical regulatory framework to operate more flexibly as a chartered bank [3].
“The deal is expected to be roughly 25% accretive to adjusted EPS in year 1.”
By acquiring a national bank charter, OppFi transitions from a fintech lender to a regulated banking entity. This shift typically reduces reliance on third-party banking partners for funding and allows for more diverse deposit-taking capabilities, which can lower the cost of capital and increase profit margins.
