Enova Acquires Grasshopper Bank for $369 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
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Should l Buy ENVA?
Source: Newsfilter
- Acquisition Agreement: Enova International has signed a definitive agreement to acquire Grasshopper Bank for approximately $369 million in cash and stock, expected to close in the second half of 2026, enhancing Enova's market position.
- Asset Integration: Grasshopper Bank had over $1.4 billion in assets as of September 30, 2025, and this acquisition will significantly increase Enova's asset base, strengthening its competitive edge in the digital banking sector.
- Product Diversification: By integrating Grasshopper's digital banking infrastructure, Enova will be able to offer a more comprehensive suite of financial solutions to meet the needs of consumers and small businesses across more states, driving revenue growth.
- Profitability Enhancement: The transaction is expected to generate over 15% adjusted earnings per share accretion in the first year, with more than 25% once synergies are fully realized, significantly enhancing the company's financial flexibility and market appeal.
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Analyst Views on ENVA
Wall Street analysts forecast ENVA stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 148.440
Low
150.00
Averages
177.17
High
199.00
Current: 148.440
Low
150.00
Averages
177.17
High
199.00
About ENVA
Enova International, Inc. is an online financial services company that serves small businesses and consumers. The Company's online financing products and services provide customers with a deposit of funds to their bank account in exchange for a commitment to repay the amount deposited plus fees and/or interest. Its products and services include consumer installment loans, small business installment loans, consumer line of credit accounts, small business line of credit accounts, CSO program, bank programs, and money transfer business. It provides its services in the United States and Brazil. In the United States it markets its financing products under the names CashNetUSA at www.cashnetusa.com, NetCredit at www.netcredit.com, OnDeck at www.ondeck.com and Headway Capital at www.headwaycapital.com, and it markets its money transfer platform under the name Pangea. In Brazil, it operates under the name Simplic, where it arranges unsecured consumer installment loans for a third-party lender.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- 2026 Outlook: Enova targets approximately 15% origination growth and at least 20% adjusted EPS growth for 2026, backed by about $1.1 billion in liquidity, demonstrating the company's focus on organic growth first, followed by share buybacks to enhance shareholder value.
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See More
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- Record Loan Receivables: Total combined loans and finance receivables reached a record $4.9 billion, up 23% from the end of Q4 2024, reflecting strong performance in the credit market and increased customer demand.
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