Financial Data and Key Metrics Changes - For the full year of 2025, originations grew by 27%, leading to revenue growth of nearly 20%, and adjusted EPS growth of 42% [9][11] - Fourth quarter revenue increased by 15% year-over-year to $839 million, with adjusted EPS rising 33% to $3.46 per diluted share [11][31] - The consolidated net charge-off ratio for the fourth quarter was 8.3%, down from the previous year [12][24] Business Line Data and Key Metrics Changes - Small Business products represented 68% of the portfolio, while Consumer accounted for 32% [10] - Small Business originations increased by 48% year-over-year to $1.6 billion, with revenue growth of 34% to $383 million [14][22] - Consumer originations grew by 2% year-over-year to $613 million, with revenue increasing by approximately 3% to $446 million [23][22] Market Data and Key Metrics Changes - The unemployment rate decreased to 4.4% in December, indicating a stable labor market [12] - The NFIB Small Business Optimism Index rose to 99.5 in December, reflecting positive expectations among small business owners [16] Company Strategy and Development Direction - The company plans to close the acquisition of Grasshopper Bank, which is expected to enhance its product offerings and operational model under a national bank charter [18][19] - The focus for 2026 includes generating sustainable and profitable growth while driving long-term shareholder value [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate varying operating environments and highlighted the resilience of its business model [17][34] - The outlook for 2026 anticipates growth in originations of around 15%, with adjusted EPS growth of at least 20% [33] Other Important Information - The company ended the fourth quarter with approximately $1.1 billion of liquidity, providing financial flexibility [29] - Marketing expenses for the fourth quarter were 23% of total revenue, reflecting a strategic investment to capture demand [11][26] Q&A Session Summary Question: Can you discuss the Consumer business growth and its acceleration? - Management noted that Consumer growth accelerated in December, driven by strong demand and credit performance, with expectations for continued strength into early January [36][38] Question: What changes are anticipated in the core portfolio prior to closing the Grasshopper acquisition? - Management indicated that operations would continue as usual until the transaction closes, with a focus on expanding the product set post-acquisition [40][42] Question: What is the expected mix between Consumer and Small Business growth in 2026? - Management expects a balanced growth approach, with a potential tilt towards Small Business due to strong demand, while also anticipating a resumption of Consumer growth [46][47] Question: Any changes in underwriting or industry focus for Small Business? - Management confirmed ongoing adjustments in underwriting, maintaining a stable credit profile, and keeping a close eye on industries like construction and transportation [50][51] Question: What are the implications of potential rate caps on consumer finance? - Management views potential rate caps positively, suggesting they could reduce availability for underserved customers, positioning the company as an alternative [78][80]

Financial Data and Key Metrics Changes - For the full year of 2025, originations grew by 27%, leading to revenue growth of nearly 20%, and Adjusted EPS growth of 42% [9][11] - Fourth quarter revenue increased by 15% year-over-year to $839 million, with total company originations rising 32% to $2.3 billion [10][21] - The consolidated net charge-off ratio for the fourth quarter was 8.3%, down from the previous year, indicating improved credit performance [12][24] Business Line Data and Key Metrics Changes - Small business revenue grew by 34% year-over-year to $383 million, while consumer revenue increased by 3% to $446 million [11][22] - Small business originations rose 48% year-over-year to $1.6 billion, marking the eighth consecutive quarter of year-over-year growth of 20% or more [14][22] - Consumer originations grew by 2% year-over-year to $613 million, with a notable acceleration in December [23] Market Data and Key Metrics Changes - The unemployment rate decreased to 4.4% in December, with real wage growth positive at 3.8% year-over-year [12] - Small businesses expressed optimism about future growth, with 94% projecting growth over the next 12 months [15] - The NFIB Small Business Optimism Index rose to 99.5 in December, indicating a favorable outlook for small businesses [16] Company Strategy and Development Direction - The company plans to close the acquisition of Grasshopper Bank, which is expected to simplify regulatory structures and expand market access [7][18] - The focus for 2026 includes generating sustainable and profitable growth while enhancing shareholder value [17][19] - The company aims to leverage its diversified product offerings and technology to navigate varying operating environments [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver consistent performance despite macroeconomic challenges [9][17] - The outlook for 2026 anticipates continued growth in originations and revenue, with expectations of adjusted EPS growth of at least 20% [33] - Management highlighted the importance of adapting to market demands and maintaining strong credit performance [12][17] Other Important Information - The company ended the fourth quarter with approximately $1.1 billion in liquidity, providing financial flexibility for strategic objectives [29] - Marketing expenses for the fourth quarter were 23% of total revenue, reflecting a strategic investment to capture demand [11][26] - The effective tax rate for the fourth quarter was 20%, with expectations for a normalized annual rate in the mid-20% range [30] Q&A Session Summary Question: Can you discuss the consumer business growth and impacts from tax season? - Management noted that consumer growth accelerated in December, with expectations for larger tax refunds potentially benefiting credit performance [35][38] Question: What changes are anticipated in the core portfolio prior to closing the Grasshopper acquisition? - Management indicated that operations would continue as usual until the transaction closes, with a focus on expanding the product set post-acquisition [39][42] Question: What is the expected mix of origination growth between consumer and small business? - Management expects a balanced growth approach, with a slight tilt towards small business due to strong demand [45][46] Question: Any changes in underwriting or industry focus for small businesses? - Management confirmed ongoing adjustments in credit underwriting, with stable performance across small business sectors [48][50] Question: What are the regulatory capital ratios post-Grasshopper acquisition? - Management expects to maintain a Tangible Capital Ratio around 17%-18%, with opportunities for capital return post-acquisition [53][56] Question: How might potential rate caps on credit cards affect the company? - Management views potential rate caps as a positive, as they could reduce availability for underserved consumers, positioning the company as an alternative [78][80]

Financial Data and Key Metrics Changes - For the full year of 2025, originations grew 27%, leading to revenue growth of nearly 20%, and Adjusted EPS growth of 42% [10][22] - Fourth quarter revenue increased 15% year-over-year to $839 million, with adjusted EPS rising 33% to $3.46 per diluted share [12][34] - The consolidated net charge-off ratio for the fourth quarter was 8.3%, down from the previous year [13][26] Business Line Data and Key Metrics Changes - Small business revenue grew 34% year-over-year to $383 million, while consumer revenue increased 3% to $446 million [12][23] - Fourth quarter originations for small business increased 48% year-over-year to $1.6 billion, marking the eighth consecutive quarter of year-over-year growth of 20% or more [14][23] - Consumer originations grew 2% year-over-year to $613 million, with a notable acceleration in December [25][40] Market Data and Key Metrics Changes - The unemployment rate in the U.S. decreased to 4.4% in December, indicating a stable labor market [13] - The NFIB Small Business Optimism Index rose to 99.5 in December, reflecting positive sentiment among small business owners [16] Company Strategy and Development Direction - The company plans to close the acquisition of Grasshopper Bank, which is expected to enhance its operational model and expand market access [19][20] - The focus for 2026 includes generating sustainable and profitable growth while driving long-term shareholder value [18][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate varying operating environments, citing strong credit performance and a resilient business model [18][37] - The outlook for 2026 anticipates a 15% increase in originations, with adjusted EPS growth of at least 20% [36] Other Important Information - The company ended the fourth quarter with approximately $1.1 billion of liquidity, providing financial flexibility [32] - Marketing expenses for the fourth quarter were 23% of total revenue, reflecting a strategic investment to capture demand [12][28] Q&A Session Summary Question: Can you discuss the consumer business growth and impacts from the upcoming tax season? - Management noted that consumer growth accelerated in December, with expectations for larger tax refunds potentially benefiting credit performance [40][42] Question: What changes are anticipated in the mix between consumer and small business originations? - Management expects a balanced growth approach, with small business continuing to grow at strong rates while consumer growth stabilizes [50][51] Question: How will the regulatory capital ratios change post-acquisition of Grasshopper Bank? - Management indicated that they expect to maintain a Tangible Capital Ratio around 17%-18% and will focus on investing in new opportunities post-acquisition [62][63] Question: What is the outlook for small business health and growth sustainability? - Management highlighted the stability of the small business credit profile and positive sentiment among small business owners, expecting continued strong growth [84]

Exhibit 99.1 Enova Reports Fourth Quarter and Full Year 2025 Results CHICAGO, January 27, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced financial results for the fourth quarter and full year ended December 31, 2025. "Our fourth quarter results capped off another exceptional year for Enova as originations growth and solid credit across our portfolio once again drove strong financial performanc ...

Core Insights - Enova International reported strong financial results for Q4 and full year 2025, highlighting significant growth in originations and revenue, alongside solid credit performance [1][4] Financial Performance - Q4 2025 total revenue reached $839 million, a 15% increase from $730 million in Q4 2024 [1][4] - Full year 2025 total revenue was $3.2 billion, up 19% from $2.7 billion in 2024 [1][4] - Adjusted earnings per share for Q4 2025 was $3.46, a 33% increase from $2.61 in Q4 2024 [1][4] - Full year adjusted earnings per share increased by 42% to $12.96 from $9.15 in 2024 [1][4] Credit Performance - The consolidated 30+ day delinquency ratio improved to 6.7%, down from 7.5% in the previous year [1][4] - The net charge-off ratio was 8.3%, a decrease from 8.9% in Q4 2024, indicating improved credit quality [1][4] Growth Metrics - Originations in Q4 2025 rose by 32% to $2.3 billion compared to Q4 2024 [1][4] - Total combined loans and finance receivables increased by 23% to a record $4.9 billion from the end of Q4 2024 [1][4] Strategic Developments - Enova announced the acquisition of Grasshopper Bancorp, expected to close in the second half of 2026, which will enhance its online lending platform and expand its service capabilities [1][4] - The company emphasized its balanced growth strategy aimed at sustainable and profitable growth while enhancing shareholder value [1][4] Operational Efficiency - Adjusted EBITDA for Q4 2025 was $211 million, a 21% increase from $174 million in Q4 2024 [1][4] - The net revenue margin improved to 60% in Q4 2025, up from 57% in Q4 2024, reflecting strong operational efficiency [1][4]

Core Viewpoint - Enova International will release its fourth quarter and full year 2025 financial results on January 27, 2026, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 4 p.m. Central Time / 5 p.m. Eastern Time on the same day [2] - A live webcast of the call will be available on the Enova International Investor Relations website, along with the earnings press release and supplemental financial information [2] Conference Call Details - The U.S. dial-in number for the call is 1-855-560-2575, with a separate number for non-U.S. callers [3] - A replay of the conference call will be accessible until February 3, 2026, with the U.S. dial-in for the replay being 1-877-344-7529 [3] Company Overview - Enova International is a leading online financial services company that has provided over $65 billion in loans and financing to more than 13 million customers over the past 20 years [4] - The company focuses on serving small businesses and consumers who are underserved by traditional banks, utilizing machine learning and analytics to power its financial products [4]

Core Insights - The investment strategy of Blue Tower has achieved significant success in 2025, with a total net gain of 53.11% for the year, outperforming the market [2] Company Performance - Enova (ENVA) and Georgia Capital (GRGCF) were the top contributors to Blue Tower's performance in 2025, with Enova gaining 64% and Georgia Capital gaining 178% [3] - Enova's year-over-year originations grew by 22% in Q3 2025, supported by updated underwriting algorithms and a data-driven approach [5] - Enova's acquisition of Grasshopper Bank for $369 million is expected to be transformative, with anticipated EPS growth of over 25% once synergies are realized [7][8] - Georgia Capital's net asset value (NAV) per share increased by 41% in the first nine months of 2025, driven by strong performance in its portfolio companies [9][10] - Georgia Capital's share price remains undervalued compared to its NAV, trading at £31.15 against a NAV of £40.93 [12] Market Trends - The valuation spread between cheap and expensive stocks is at one of the greatest levels in market history, which may benefit Blue Tower's investment style moving forward [13] - The impact of AI on productivity is noted, with a study indicating a 1.1% aggregate productivity gain among U.S. workers using generative AI [14]

Core Viewpoint - The Zacks Consumer Loans industry is experiencing a positive outlook due to falling interest rates and easing lending standards, which are expected to sustain and boost loan demand, thereby supporting top-line growth [1][2]. Industry Overview - The Zacks Consumer Loans industry includes companies that provide various loan products such as mortgages, credit card loans, and personal loans, generating net interest income (NII) as a primary revenue source. The industry's prospects are closely tied to the overall economic condition and consumer sentiment [3]. - Companies in this sector also engage in commercial lending, insurance, loan servicing, and asset recovery, which help diversify revenue sources and reduce dependence on economic fluctuations [3]. Key Themes Interest Rates & Loan Demand - The Federal Reserve has reduced interest rates by 175 basis points since 2024, with indications of another cut. Despite a decline in consumer confidence due to job and income concerns, loan demand is expected to remain stable or improve as rates decrease, leading to modest growth in net interest margin (NIM) and NII [4]. Lending Standards - The removal of tax liens from consumer credit reports has improved credit scores, expanding the borrower base. Easing lending standards are enabling consumer loan providers to meet the rising loan demand [5]. Asset Quality - Lower interest rates are likely to enhance borrowers' repayment capabilities, reducing the need for consumer loan providers to set aside large reserves for potential defaults. However, a slight increase in non-performing loans is anticipated, which may impact asset quality [6]. Industry Performance - The Zacks Consumer Loans industry has outperformed the Zacks S&P 500 composite and the finance sector over the past two years, with a collective stock increase of 101.7%, compared to 49.2% for the S&P 500 and 42% for the finance sector [11]. Valuation Metrics - The industry has a trailing 12-month price-to-tangible book ratio (P/TBV) of 1.42X, above the five-year median of 1.04X. This ratio indicates that the industry is trading at a significant discount compared to the broader market, where the S&P 500's P/TBV is 12.86X [14][16]. Investment Opportunities Enova International, Inc. (ENVA) - Enova is a financial technology company focused on online financial services, with a market cap of $4.01 billion. The company has seen a 63.7% increase in shares over the past year, and earnings are expected to grow by 39.5% in 2025 [19][22]. Encore Capital Group, Inc. (ECPG) - Encore Capital specializes in debt recovery and has a market cap of $1.3 billion. The company has gained 17% in share value over the past year, with earnings projected to increase by 93.5% in 2025 [24][27].

Core Insights - Enova International has been recognized as No. 15 among midsize organizations in the Computerworld 2026 Best Places to Work in IT list, marking its 13th consecutive year of recognition for its exceptional IT workplace culture [1][2] Group 1: Company Culture and Employee Development - Enova emphasizes a people-first culture where collaboration, continuous learning, and creativity are prioritized, as stated by Joe DeCosmo, the Chief Analytics and Technology Officer [2] - The company offers various programs to support employee growth, including hands-on learning, autonomy, and access to tools and training, such as the Baseline program for new hires and ongoing initiatives like Tech Talks and Tech Exchange [2][3] - Enova provides internal shadowing, mentoring programs, and manager boot camps, along with tuition reimbursement for employees pursuing further education [2] Group 2: Commitment to Inclusion and Community - Enova's commitment to inclusion is highlighted through initiatives like the annual Chicago Women in Technology Conference (ChiWiTCon) and the Enova Gives program, which offers volunteer opportunities and charitable matching benefits [3] Group 3: Industry Context - The recognition of Enova reflects broader trends in the IT industry, where organizations are adapting their talent strategies to address skills gaps and reskill existing staff in response to the disruptive impact of AI on IT operations [4]

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]