OppFi Withdraws Federal Applications to Acquire BNC National Bank

OppFi withdrew its federal regulatory applications for the proposed acquisition of BNCCORP and BNC National Bank on Nov 03, 2026, citing unclear approval standards for bank-fintech combinations. The company maintained that its applications met existing approval criteria. OppFi said it will continue to engage with regulators on standards governing such deals.

The company reaffirmed its revised 2026 guidance, including revenue of $600 million to $610 million, adjusted net income of $115 million to $120 million, and adjusted earnings per share of $1.34 to $1.40. OPFI shares were up about 2% in Tuesday trading. No financial terms of the proposed acquisition were disclosed.