Figure's Loan Volume Surges 113% in Q1 2026, Bernstein Maintains Outperform Rating

Figure reported a significant increase in its loan volume for the first quarter of 2026, reaching $2.9 billion, which marks a 113% rise compared to the same period last year. According to NS3.AI, Bernstein has reiterated its Outperform rating for the company, setting a stock target of $67. Figure Connect contributed to 56% of the total loan volume, while YLDS supply amounted to $598 million. Bernstein noted that these results bolster the growth thesis centered around tokenization for the stock.