Enova ranks No. 15 among midsize organizations for its collaborative culture, continuous learning and people- first workplace CHICAGO, Dec. 23, 2025 /PRNewswire/ -- Foundry's Computerworld has named Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, to the Computerworld 2026 Best Places to Work in IT list. Enova ranked No. 15 among midsize organizations, marking its 13th consecutive year recognized for maintaining an exceptional IT w ...

Core Insights - The finance sector is experiencing strong customer retention and exposure growth despite declining global commercial insurance rates, which decreased by 4% in Q3 2025, marking the fifth consecutive quarter of decline [3][10] - Falling interest rates are positively impacting real estate, M&A activities, and consumer spending, although investment yields may decline for finance companies [2][6][10] - Continued investments in technology are enhancing operational efficiency and margins across the finance industry [9] Industry Overview - The finance sector includes a diverse range of players such as banks, investment companies, insurance firms, and real estate companies, providing various financial services [1] - Catastrophes pose significant risks for insurers, leading to higher policy renewal rates and rate hikes, yet exposure growth and customer retention are driving premium income [3][4] - Interest rate cuts initiated in September 2025 are expected to benefit the real estate market and increase demand for loans and credit cards, aiding the banking sector [5][10] Company Highlights - **Customers Bancorp (CUBI)**: This company utilizes a high-tech, high-touch model for personalized banking and has a diversified loan portfolio with a low non-performing loan ratio of 0.17%. The Zacks Consensus Estimate for 2026 earnings is $8.01 per share, indicating a 5.8% rise from 2025 [13][14] - **HCI Group (HCI)**: HCI leverages internally developed platforms to enhance claims processing and underwriting, leading to improved financial performance. The Zacks Consensus Estimate for 2026 earnings is $16.00 per share, with a year-to-date stock gain of 59.5% [17][18] - **Enova International (ENVA)**: Enova is a leading online financial services provider that has extended around $5.5 billion in credit in 2025. The Zacks Consensus Estimate for 2026 earnings is $14.12 per share, reflecting a 10.6% increase from 2025 [19][20]

Key Takeaways Lower interest rates are supporting net interest income expansion for the consumer loan industry. Enova is diversifying products and acquiring Grasshopper Bancorp to boost scale and earnings. Ally Financial and OneMain Holdings expect earnings growth from restructuring and rising loan demand.Falling interest rates and easing lending standards are brightening the outlook for the Zacks Consumer Loans industry. The Federal Reserve implemented its third consecutive interest rate cut in December, p ...

Core Insights - Enova International, Inc. has signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its subsidiary Grasshopper Bank N.A. for approximately $369 million in cash and stock [1][4] - Grasshopper Bank, founded in 2019, reported over $1.4 billion in total assets as of September 30, 2025, and holds approximately $3 billion in total deposits [1][3] Company Overview - Enova is a financial services company leveraging machine learning and analytics, with over 20 years of experience in online lending and credit risk management [3] - Grasshopper provides digital financial solutions, including Banking-as-a-Service (BaaS), commercial lending, and consumer banking [2] Transaction Details - The acquisition is expected to close in the second half of 2026, pending stockholder and regulatory approvals [4] - The transaction is projected to generate adjusted earnings per share accretion of over 15% in the first year and more than 25% once synergies are fully realized [4] Leadership Changes - Post-acquisition, Grasshopper Bank will operate as a subsidiary of Enova, with Mike Butler as President and Steve Cunningham as CEO of Grasshopper Bank [4]

Core Insights - Enova International (ENVA) shares increased by 11.7% to close at $157.92, with notable trading volume compared to typical sessions, and a 9.4% gain over the past four weeks [1] - The stock reached a new 52-week high of $161.29 after four consecutive trading sessions, driven by investor optimism following the announcement of the acquisition of Grasshopper Bancorp, Inc. for approximately $369 million [2] - The acquisition is expected to combine Enova's online lending expertise with Grasshopper's digital banking infrastructure, projected to be over 15% accretive to adjusted earnings in the first year and rising to 25% or more in subsequent years [3] Financial Performance Expectations - Enova is expected to report quarterly earnings of $3.20 per share, reflecting a year-over-year increase of 22.6%, with revenues projected at $842.61 million, up 15.5% from the previous year [4] - The consensus EPS estimate for Enova has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Enova International operates within the Zacks Financial - Consumer Loans industry, where another company, OneMain Holdings (OMF), also showed a 3.5% increase in stock price, closing at $69.62, with an 11.3% return over the past month [5] - OneMain's consensus EPS estimate has decreased by 2.5% over the past month to $1.6, representing a 37.9% increase from the previous year [6]

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Fintech Enova International has agreed to buy Grasshopper Bancorp and its digital bank subsidiary, Grasshopper Bank, for $369 million in cash and stock, the companies said Thursday. Pairing Chicago-based Enova’s online lending platform with Grasshopper’s national bank charter and deposit-gathering capabilities will allow the combined company to access ...

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PresentationI would now like to turn the conference over to Ms. Lindsay Savarese, Investor Relations for Enova. Please go ahead.Lindsay SavareseInvestor Relations Thank you, operator, and good morning, everyone. Enova announced this morning that it has signed a definitive agreement to acquire Grasshopper Bancorp and its wholly owned subsidiary, Grasshopper Bank, N.A. You may obtain a copy of the transaction press release on the Investor Relations section of our website at ir.enova.com, along with a presenta ...

Enova International plans to acquire Grasshopper Bancorp and its wholly owned subsidiary Grasshopper Bank to create what it says will be a “stronger, more diversified financial services provider.”By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — ...