OppFi Inc. (NYSE:OPFI) Q1 2024 Earnings Call Transcript

Todd Schwartz: Yes. No, it’s not based on inflation. It’s based on our data, right, our credit performance data that we look at daily, weekly. We have really, really strong data that – and a lot of years of history where our confidence level – when we see trends that are stable for some period of time, we would be comfortable starting to expand. But I think even without that expansion, there is a lot of opportunity. And I mentioned that the bank’s tightening above us. There is also – we are exploring some pretty significant partnerships. So, there is a lot of room for growth just in the segments we are and at a price that we will work with our unit economics. So, I think – and then obviously, the geography expansion that I mentioned before.

So, we feel like even without that, we can still find growth and still really be positive on the growth side this year. So, I am – but obviously, if we start to see that credit come in line with kind of more the 2019 timeframe, I think that’s obviously just – would be an addition to anything we are planning for this year.

Ross Davisson: Okay. Great. That makes sense. Thanks. Go ahead.

Operator: Thank you. It appears that we have no further questions at this time. I will now turn the program back over to CEO, Todd Schwartz, for closing remarks.

Todd Schwartz: Thank you everyone for joining us today on the call. We look forward to speaking with everyone in August for the Q2 results. Have a great day.

Operator: Thank you, ladies and gentlemen. This concludes today’s presentation. You may now disconnect.