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Enova Q3 2026 Earnings: OnDeck and Headway Parent Posts First $1 Billion Quarter, and the Stock Still Fell 7%
Enova (ENVA), parent of OnDeck and Headway Capital, posted its first $1B revenue quarter, but SMB charge-offs and delinquencies rose year over year. Why shares fell 7%.
4 min read
BNC Shareholders Say Yes to OppFi. Now Comes the Part That Killed Enova's Deal.
BNCCORP stockholders approved the $130M sale to OppFi days after Enova killed its own bank deal. Regulatory approval is now the test for fintech bank charters.
3 min read
State AGs Challenge Fintech Bank Acquisitions by OppFi and Enova
Twenty state AGs urged the OCC, FDIC, and Fed to block OppFi's and Enova's bank acquisitions. What the fight over fintech bank acquisitions means for SMB lending.
2 min read
Enova's Bold $369M Grasshopper Bank Acquisition: The Bank Charter Advantage
Enova (ENVA) to acquire Grasshopper Bank for $369M. We analyze the cost of capital benefits and how becoming a bank exempts them from state laws like Texas HB 700.
6 min read
Enova's Q2 2025: Record $1.2 Billion in SMB Originations and Strong Financial Performance
Enova's small business lending, including business units OnDeck and Headway Capital, has reached a new record, with small and medium-sized business (SMB) offerings constituting approximately two-thirds of the company's loan portfolio. SMB revenue alone increased by 30% year-over-year to a record $326 million, and SMB originations hit a record $1.2 billion in Q2.
2 min read
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