Enova withdraws Grasshopper acquisition; reaffirms 2026 guidance, plans buybacks

Enova International, Inc.

Withdrew OCC and Federal Reserve applications for Grasshopper Bancorp acquisition; cites unclear nonbank-to-bank standards.
Reaffirms Q3 2026: revenue growth ~25% YoY, adjusted EPS growth ~30% YoY.
Reaffirms FY2026: revenue growth 20-25%, adjusted EPS growth 30-35% YoY.
Intends to accelerate share repurchases; $218M available under note covenants, $349M under board authorization.
CEO Cunningham: future growth does not depend on becoming a bank; confident withdrawal is best for shareholders.

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