Recent Updates — ENVA

Enova International reported third-quarter 2026 results with total revenue increasing 26% year-over-year to $1.01 billion, driven by a 31% rise in originations to $2.6 billion. Diluted earnings per share grew 34% to $4.06, while adjusted EPS rose 33% to $4.48. Net income reached $107 million, and adjusted EBITDA increased 23% to $269 million. The company reported a net revenue margin of 61%, up from 57% in the prior year period, supported by stable credit performance and a consolidated net charge-off ratio of 8.1%. Total loans and finance receivables grew 30% to a record $5.9 billion. Enova repurchased $46 million of common stock during the quarter, leaving $252 million in available share repurchase capacity. The company operates as an online financial services provider offering consumer and small business credit products.

Enova International and Grasshopper Bancorp mutually terminated their previously announced merger agreement effective October 16, 2026. As part of the termination terms, Enova made a $4,000,000 cash payment to Grasshopper, with neither party owing further fees or liabilities related to the deal. The company operates in the consumer finance industry.

NetCredit Receivables 2022, LLC, a wholly-owned indirect subsidiary of Enova International, Inc., entered into the Fourth Amendment to its Note Issuance and Purchase Agreement on October 13, 2026. The amendment maintains a commitment amount of $200 million with a borrowing rate of SOFR plus 4.00 percent. The revolving period terminates on October 15, 2028, and the facility matures on October 15, 2030. Enova International operates in the consumer financial services industry.

Enova International, Inc. amended its HWCR 2023 Securitization Facility through an Omnibus Amendment effective September 17, 2026. The total facility commitment is $535 million, comprising $400 million in Class A revolving loans and $135 million in Class B revolving loans. Borrowing rates are set at SOFR plus 2.75% for Class A and SOFR plus 8.50% for Class B. The facility matures in March 2029 with a revolving period ending in March 2028. Enova International, Inc. operates in the consumer finance industry, providing online short-term lending products.

Enova International, Inc. announced that its subsidiary OnDeck Asset Securitization IV, LLC intends to offer $500,026,000 in initial principal amount of Series 2026-1 Fixed Rate Asset-Backed Notes in a private securitization transaction. The offering includes Class A through D notes with fixed interest rates ranging from 5.61% to 8.28%, anticipated ratings from AA (sf) to BB (sf), and a final payment date of October 18, 2032. Proceeds will be used to purchase small business loans originated or purchased by OnDeck Capital, LLC, which serve as collateral for the notes. The transaction is expected to close on or about September 25, 2026, subject to customary conditions including credit ratings from Kroll Bond Rating Agency. Enova International operates in the consumer finance industry, providing online lending products such as short-term loans and lines of credit.

Enova International, Inc. withdrew its applications with the Office of the Comptroller of the Currency and the Federal Reserve Board regarding the proposed acquisition of Grasshopper Bancorp, Inc., citing unclear regulatory standards for nonbanks seeking to become banks. The company reaffirmed its full-year 2026 guidance, expecting revenue growth of 20% to 25% and adjusted EPS growth of 30% to 35%. Enova also announced an intention to accelerate share repurchases, citing $218 million available under senior note covenants and $349 million under Board authorization expiring June 30, 2027. Enova International is a leading online financial services company that provides loans and financing to consumers and small businesses underserved by traditional banks.