diff --git a/src/libs/OptionsListUtils.ts b/src/libs/OptionsListUtils.ts
index 9f5b061cba41..22382a4bff39 100644
--- a/src/libs/OptionsListUtils.ts
+++ b/src/libs/OptionsListUtils.ts
@@ -695,7 +695,7 @@ function getLastMessageTextForReport(report: OnyxEntry<Report>, lastActorDetails
             : undefined;
         const reportPreviewMessage = getReportPreviewMessage(
             !isEmptyObject(iouReport) ? iouReport : null,
-            lastIOUMoneyReportAction,
+            lastIOUMoneyReportAction ?? lastReportAction,
             true,
             reportUtilsIsChatReport(report),
             null,
diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index 8d421fca3ea9..fd365510109d 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -4014,7 +4014,11 @@ function getReportPreviewMessage(
     const report = typeof reportOrID === 'string' ? getReport(reportOrID, allReports) : reportOrID;
     const reportActionMessage = getReportActionHtml(iouReportAction);
 
-    if (!report?.reportID) {
+    if (isEmptyObject(report) || !report?.reportID) {
+        // This iouReport may be unavailable for one of the following reasons:
+        // 1. After SignIn, the OpenApp API won't return iouReports if they're settled.
+        // 2. The iouReport exists in local storage but hasn't been loaded into the allReports. It will be loaded automatically when the user opens the iouReport.
+        // Until we know how to solve this the best, we just display the report action message.
         return reportActionMessage;
     }
 
@@ -4022,12 +4026,6 @@ function getReportPreviewMessage(
     const transactionsWithReceipts = allReportTransactions.filter(hasReceiptTransactionUtils);
     const numberOfScanningReceipts = transactionsWithReceipts.filter(isReceiptBeingScanned).length;
 
-    if (isEmptyObject(report) || !report?.reportID) {
-        // The iouReport is not found locally after SignIn because the OpenApp API won't return iouReports if they're settled
-        // As a temporary solution until we know how to solve this the best, we just use the message that returned from BE
-        return reportActionMessage;
-    }
-
     if (!isEmptyObject(iouReportAction) && !isIOUReport(report) && iouReportAction && isSplitBillReportAction(iouReportAction)) {
         // This covers group chats where the last action is a split expense action
         const linkedTransaction = getLinkedTransaction(iouReportAction);