OppFi to Acquire BNCCORP and Form OppFi Bank

An update from OppFi ( (OPFI) ) is now available.

On April 28, 2026, OppFi agreed to acquire BNCCORP, Inc. and its subsidiary BNC National Bank in a cash-and-stock deal valued at about $130 million, with BNCC to be merged into an OppFi unit and BNC ultimately renamed OppFi Bank, N.A. The boards of both companies unanimously approved the transaction, under which BNCC shareholders will receive $19.375 in cash plus 1.90 OppFi Class A shares per BNCC share, leaving OppFi investors with around 93% of the combined entity and BNCC holders with about 7%.

The deal, announced on April 29, 2026 and expected to close in the fourth quarter of 2026 subject to regulatory and BNCC shareholder approvals, would turn OppFi into a bank holding company and consolidate most of its assets and operations into OppFi Bank. Management touts the combination of OppFi’s online lending platform with BNC’s national bank charter and $1.1 billion asset base as a way to centralize lending and deposits under unified federal supervision, expand into areas such as SBA lending and secured consumer credit, lower funding costs via BNC’s low-cost deposits, and generate at least $60 million of first-year synergies without planned headcount cuts.

Separately on April 28, 2026, OppFi completed a corporate simplification that collapsed its Up‑C structure, exchanged all remaining OpCo units into Class A common stock, and made Opportunity Financial, LLC a direct, wholly owned subsidiary. As part of this reorganization, OppFi terminated its Tax Receivables Agreement via a discounted early termination payment of about $40.8 million, recorded roughly $466 million of tax amortizable goodwill, and projected approximately $111 million in future cash tax savings, moves expected to streamline reporting and strengthen the balance sheet ahead of becoming a regulated banking group.

The most recent analyst rating on (OPFI) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on OppFi stock, see the OPFI Stock Forecast page.

Spark’s Take on OPFI Stock

According to Spark, TipRanks’ AI Analyst, OPFI is a Outperform.

The score is driven primarily by strong cash flow and improved profitability, supported by constructive 2026 guidance. Offsetting factors are balance-sheet leverage risk and only mixed technical momentum (below longer-term moving averages with a slightly negative MACD).

To see Spark’s full report on OPFI stock, click here.

More about OppFi

OppFi Inc. is a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans who are underserved by traditional lenders. Through its OppLoans brand and a 35% stake in small-business financier Bitty Holdings, OppFi focuses on transparent, inclusive credit solutions delivered via a digital-first model, and now operates through a simplified C‑Corp structure with wholly owned subsidiary Opportunity Financial, LLC.

Average Trading Volume: 439,229

Technical Sentiment Signal: Hold

Current Market Cap: $756.8M

For a thorough assessment of OPFI stock, go to TipRanks’ Stock Analysis page.