Chime agrees to acquire Stride Bank for $590 million cash
Chime (NASDAQ: CHYM) announced it entered a definitive agreement to acquire Stride Bank, N.A. for $590 million in cash. Stride has been Chime’s bank partner for more than seven years.
Story updates
08:05:29 PM UTC
SquawkNews
Chime® (NASDAQ: CHYM), America’s #1 choice for banking1, today announced that it has entered into a definitive agreement to acquire Stride Bank, N.A. (“Stride”) for $590 million in cash.2 Stride is a nationally chartered bank that has been Chime's bank partner for more than seven years. Upon closin…
08:06:47 PM UTC
SquawkNews
CHYM TO ACQUIRE STRIDE BANK FOR $590M IN CASH The company says the deal is immediately accretive to EPS with over $100M in net synergies, funded from cash on the balance sheet with no incremental capital contribution. Q3 guidance: · Revenue: $705M · Adj EBITDA: $117-120M, margin around 17% FY2026 guidance: · Revenue: $2.76-2.77B · Adj EBITDA: $481-489M, margin 17-18%
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.