M&A
confidence high
sentiment positive
materiality 0.90
Chime to acquire Stride Bank for $590M cash; raises Q3 and FY 2026 guidance
Chime Financial, Inc.
- Chime (CHYM) agrees to buy Stride Bank, N.A. parent Central Service Corp for $590M cash; Stride to become Chime Bank, N.A.
- Deal expected to close in H1 2027, subject to OCC and Federal Reserve approval; boards of both companies unanimously approved.
- Transaction expected to be immediately accretive to EPS with over $100M in net synergies from sponsor-bank fee savings and lower funding costs.
- Q3 2026 revenue guided to $705M (~30% YoY growth), adjusted EBITDA $117-120M; FY revenue $2.76-2.77B (~26-27% YoY), adjusted EBITDA $481-489M.