Enova International to Acquire Grasshopper Bank for $369 Million

Reuters12-11

Enova International to Acquire Grasshopper Bank for $369 Million

Enova International is set to acquire Grasshopper Bancorp, Inc. and its subsidiary Grasshopper Bank N.A. in a cash and stock deal valued at approximately $369 million. The combined company aims to leverage Enova's expertise in online consumer and small business lending with Grasshopper's digital banking capabilities. The deal is expected to close in the second half of 2026, pending Grasshopper stockholder and regulatory approvals. Enova anticipates the transaction will result in more than 15% adjusted earnings per share accretion within the first year, increasing to over 25% once synergies are fully realized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enova International Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG44615) on December 11, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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