Earnings summaries and quarterly performance for Enova International.
Executive leadership at Enova International.
Board of directors at Enova International.
Research analysts who have asked questions during Enova International earnings calls.
DS
David Scharf
Citizens Capital Markets and Advisory
4 questions for ENVA
Also covers: AFRM, ECPG, EZPW +11 more
JH
John Hecht
Jefferies
4 questions for ENVA
Also covers: AFRM, ARCC, CACC +22 more
JR
John Rowan
Janney Montgomery Scott
3 questions for ENVA
Also covers: CACC, ECPG, FCFS +5 more
KJ
Kyle Joseph
Jefferies
3 questions for ENVA
Also covers: AFRM, CACC, CRMT +14 more
MO
Moshe Orenbuch
TD Cowen
3 questions for ENVA
Also covers: AER, AFRM, AL +11 more
VC
Vincent Caintic
Stephens Inc.
3 questions for ENVA
Also covers: AFRM, BFH, CRMT +9 more
WR
William Ryan
Seaport Research Partners
1 question for ENVA
Also covers: AGM, LC, NAVI
Recent press releases and 8-K filings for ENVA.
Enova and Grasshopper Amend Merger Agreement Terms
ENVA
M&A
- Enova International, Inc. and Grasshopper Bancorp, Inc. amended their Merger Agreement on December 18, 2025, to simplify the consideration procedures.
- Under the revised terms, Grasshopper stockholders will no longer elect between cash or stock; instead, they will receive both, with the consideration split as 50% cash and 50% stock.
- The aggregate consideration payable by Enova in the Merger remains unchanged.
- Outstanding Grasshopper stock options will be fully vested and converted into a cash payment, calculated as the product of the number of shares subject to the option and the positive difference between the Per Share Cash Amount and the option's exercise price.
Dec 18, 2025, 10:13 PM
Enova International Announces Acquisition of Grasshopper Bancorp
ENVA
M&A
New Projects/Investments
- Enova International has signed a definitive agreement to acquire Grasshopper Bancorp and its subsidiary, Grasshopper Bank, N.A., for $369 million. The payment will be approximately 50% cash and 50% newly issued Enova shares.
- The transaction is expected to close in the second half of 2026 and will result in Enova becoming a bank-holding company, with Grasshopper as its bank subsidiary.
- The acquisition is projected to generate annual revenue synergies of $175 million to $230 million and funding synergies of $50 million to $100 million within the first two years post-closing.
- These synergies are anticipated to increase Adjusted Net Income by $125 million-$220 million annually and drive Adjusted EPS accretion of more than 25% once fully realized.
- Strategic benefits include expanding product offerings, lowering funding costs, and enabling geographic expansion for Enova's existing near-prime consumer products.
Dec 11, 2025, 1:30 PM
Enova Announces Acquisition of Grasshopper Bank
ENVA
M&A
New Projects/Investments
Guidance Update
- Enova International, Inc. announced its plan to acquire Grasshopper Bank for an aggregate purchase value of approximately $369 million , aiming to create a leading digital bank.
- The consideration for the acquisition will be approximately 50% paid in cash and 50% in newly issued ENVA shares. Post-acquisition, Enova stockholders are expected to own ~94.7% and Grasshopper stockholders ~5.3% of the combined company.
- The transaction is anticipated to close in the second half of 2026 , pending regulatory approvals from the OCC and the Federal Reserve.
- The acquisition is expected to generate adjusted earnings per share accretion of more than 15% within the first year and more than 25% once synergies are fully realized.
- Financial benefits include expected revenue synergies of $175 million to $230 million within the first two years post-closing and an opportunity to lower the cost of funds by over 200 basis points annually , as Grasshopper's deposit costs are 300 to 400 basis points lower than Enova's securitizations.
Dec 11, 2025, 1:30 PM
Enova International Announces Acquisition of Grasshopper Bancorp
ENVA
M&A
CEO Change
New Projects/Investments
- Enova International has signed a definitive agreement to acquire Grasshopper Bancorp and its wholly-owned subsidiary, Grasshopper Bank, N.A., in a $369 million cash and stock transaction.
- The transaction, expected to close in the second half of 2026, will establish Enova as a bank-holding company with Grasshopper as its bank subsidiary.
- Enova anticipates significant financial benefits, including annual revenue synergies of $175 million to $230 million and funding synergies of $50 million to $100 million within the first two years post-closing.
- These synergies are projected to increase Adjusted Net Income by $125 million-$220 million annually, driving Adjusted EPS accretion of more than 25% once fully realized.
Dec 11, 2025, 1:30 PM
Enova International to Acquire Grasshopper Bancorp
ENVA
M&A
CEO Change
New Projects/Investments
- Enova International has signed a definitive agreement to acquire Grasshopper Bancorp and its wholly-owned subsidiary, Grasshopper Bank, N.A., for $369 million in a cash and stock transaction. The transaction is expected to close in the second half of 2026.
- Upon closing, Enova will become a bank-holding company, with Grasshopper serving as the bank subsidiary, which is anticipated to expand access to more customers, simplify operations, and allow for product diversification.
- The acquisition is projected to generate annual revenue synergies of between $175 million and $230 million and funding synergies of between $50 million and $100 million within the first two years post-closing. These synergies are expected to increase Adjusted Net Income by $125 million to $220 million annually, driving Adjusted EPS accretion of more than 25%.
- Steve Cunningham, current CFO, will assume the role of CEO of Enova effective January 1, 2026, with David Fisher transitioning to Executive Chairman of the Board. Mike Butler, current CEO of Grasshopper, will serve as President of Grasshopper and report to Steve Cunningham.
Dec 11, 2025, 1:30 PM
Enova International, Inc. to Acquire Grasshopper Bank
ENVA
M&A
CEO Change
New Projects/Investments
- Enova International, Inc. (ENVA) has signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its wholly owned subsidiary Grasshopper Bank N.A. for approximately $369 million in a cash and stock transaction.
- Grasshopper Bank reported $1.4 billion in total assets and approximately $3 billion in total deposits as of September 30, 2025.
- The transaction is expected to close in the second half of 2026, pending regulatory and Grasshopper stockholder approvals.
- Enova anticipates the acquisition will be accretive to adjusted EPS by more than 15% within the first year and over 25% once synergies are fully realized.
- The deal is also projected to generate $175 million to $230 million in revenue synergies within the first two years post-closing.
Dec 11, 2025, 12:04 PM
Enova International Announces Definitive Agreement to Acquire Grasshopper Bank
ENVA
M&A
Guidance Update
New Projects/Investments
- Enova International, Inc. has signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its wholly owned subsidiary Grasshopper Bank N.A. for approximately $369 million in a cash and stock transaction.
- The transaction is expected to close during the second half of 2026, subject to Grasshopper stockholder and regulatory approvals.
- The acquisition is anticipated to generate adjusted earnings per share accretion of more than 15% within the first year and more than 25% once synergies are fully realized beyond the first year.
- Grasshopper Bank, a digital-first bank, reported over $1.4 billion in total assets and approximately $3 billion in total deposits as of September 30, 2025.
- This strategic combination aims to unite Enova's online lending capabilities with Grasshopper's digital banking infrastructure to create a stronger, more diversified financial services provider.
Dec 11, 2025, 12:00 PM
Enova Discusses Strong Q3 Performance, Q4 Outlook, and Strategic Advantages at Stephens Conference
ENVA
Guidance Update
Revenue Acceleration/Inflection
Share Buyback
- Enova, an online financial services firm serving underbanked consumers and small businesses, has funded over $65 billion of loans since inception and manages a balance sheet of approximately $6 billion in assets.
- The company reported strong Q3 performance, with its installment business seeing about a 30% increase year-over-year in Q3, primarily driven by existing customers. For Q4, Enova expects 10%-15% year-over-year top-line growth and approximately 20% year-over-year EPS growth.
- Enova's credit metrics for its consumer segment have been in line with expectations, with an anticipated improvement in Q4. The small business portfolio has been growing north of 30% year-over-year for several quarters, with over 90% of small business respondents expecting growth in the coming year.
- The company maintains a strong funding structure, including a recently closed $260 million small business fixed-rate three-year term deal at 5.75% and a tangible capital ratio of around 18%. Capital allocation priorities are organic growth and opportunistic share buybacks, with a Q3 return on equity of approximately 28%.
Nov 19, 2025, 5:00 PM
Enova Announces CEO and CFO Transitions, Provides Q4 2025 Outlook
ENVA
CEO Change
CFO Change
Guidance Update
- Steve Cunningham, currently CFO, is set to become CEO of Enova, with Scott Cornelis appointed as the new CFO.
- Enova anticipates 10%-15% year-over-year top-line growth and 20% year-over-year EPS growth for Q4 2025.
- The company reported strong small business growth, exceeding 30% year-over-year for several quarters, and expects consumer credit metrics to improve in Q4.
- Enova maintains a diversified funding strategy, including securitization and bank facilities, and targets a tangible capital ratio of 17%-20%, currently at 18%.
- Capital allocation prioritizes organic growth and share buybacks, with a Q3 return on equity of 28%.
Nov 19, 2025, 5:00 PM
Enova Discusses Business Strategy and Outlook at Stephens Conference
ENVA
CEO Change
Guidance Update
Share Buyback
- Steve Cunningham is transitioning from CFO to CEO of Enova.
- Enova reported strong growth in small business and stable consumer credit metrics in Q3, with a Q4 2025 outlook for 10%-15% year-over-year top-line growth and around 20% year-over-year EPS growth.
- The company manages approximately $6 billion in assets with a tangible capital ratio around 18%, utilizing a diversified funding strategy including securitizations and bank facilities.
- Capital allocation prioritizes organic growth and share buybacks, as management believes the company is undervalued despite a 20% EPS compound average growth over the past decade.
Nov 19, 2025, 5:00 PM
Quarterly earnings call transcripts for Enova International.
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