Enova Withdraws Grasshopper Bank Acquisition Applications; Reaffirms 2026 Guidance And Intends To Accelerate Share Repurchases
Company Reaffirms 2026 Guidance and Intends to Accelerate Share Repurchases CHICAGO, Sept. 14, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA ), a leading financial services company powered by machine learning and world-class analytics, today announced that it has withdrawn its applications with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System related to the proposed acquisition of Grasshopper Bancorp, Inc. ("Grasshopper"). Throughout the application process, Enova has worked constructively and transparently with regulators, responding promptly and fully to requests and building an application that Enova believes satisfies the statutory criteria for approval. 2026 Earnings Outlook and Share Repurchases Enova reaffirms its full-year and third-quarter 2026 guidance provided on the July 23rd earnings call. For the third quarter, the Company expects revenue growth of around 25% and adjusted EPS growth of around 30% year-over-year. For the full year, the Company continues to expect revenue growth of 20% to 25% and adjusted EPS growth of 30% to 35% year-over-year. "The growth and credit trends we've seen so far this quarter give
Company Reaffirms 2026 Guidance and Intends to Accelerate Share Repurchases CHICAGO, Sept. 14, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA ), a leading financial services company powered by machine learning and world-class analytics, today announced that it has withdrawn its applications with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System related to the proposed acquisition of Grasshopper Bancorp, Inc. ("Grasshopper").
Throughout the application process, Enova has worked constructively and transparently with regulators, responding promptly and fully to requests and building an application that Enova believes satisfies the statutory criteria for approval. 2026 Earnings Outlook and Share Repurchases Enova reaffirms its full-year and third-quarter 2026 guidance provided on the July 23rd earnings call. For the third quarter, the Company expects revenue growth of around 25% and adjusted EPS growth of around 30% year-over-year. For the full year, the Company continues to expect revenue growth of 20% to 25% and adjusted EPS growth of 30% to 35% year-over-year.
"The growth and credit trends we've seen so far this quarter give us confidence in our outlook," said Scott Cornelis, Enova's CFO. " As of June 30, 2026, the Company had $218 million available for share repurchases under its senior note covenants and $349 million available under its current Board authorization that expires on June 30, 2027.