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Enova withdraws bank acquisition bid, reaffirms 2026 growth outlook, plans to boost share buybacks.

Market News
14 Sep 2026
PRNewsWire
View Source
Bullish
Enova withdraws bank acquisition bid, reaffirms 2026 growth outlook, plans to boost share buybacks.

Enova International has withdrawn its applications to acquire Grasshopper Bancorp, citing unclear regulatory standards and political pressures. Despite this, Enova remains confident in its growth strategy and reaffirmed its 2026 revenue growth guidance of 20-25% and adjusted EPS growth of 30-35%. The company also plans to accelerate share repurchases, with $218 million available under senior note covenants and $349 million under board authorization. Enova emphasizes its commitment to serving consumers and small businesses underserved by traditional banks without becoming a bank itself.

Enova International's withdrawal of bank regulatory applications provides context for financial sector watchers. For readers following the financial sector, here is Pluang's market snapshot as of Sep 15, 2026 02:22 WIB: Among 74 priced Financials-sector US stocks tradable on Pluang, 28 rose and 46 fell today. Notable price changes include STM (STMicroelectronics NV) at USD 48.02 with a 1-day change of -6.78%, BAC (Bank of America Corp) at USD 59.08 down 5.77%, and GS (Goldman Sachs Group Inc) at USD 987.55 down 4.04%.

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