Second-quarter net income rose to $105 million as originations reached $2.3 billion, while the company said it remains in regulatory talks over its planned Grasshopper Bank acquisition.
Enova International reported stronger second-quarter 2026 results, with revenue rising 22% to $929 million and net income climbing 38% to $105 million, or $4.00 per diluted share. Adjusted earnings per share increased 33% to $4.31, marking what CEO Steve Cunningham described as the company's eighth straight quarter of year-over-year adjusted EPS growth of 30% or more. The online lender said healthy originations growth and solid credit trends helped lift profitability, while CFO Scott Cornelis said the company is raising its outlook for the year. Credit metrics remained firm. Net revenue margin improved to 61% from 58% a year earlier, the consolidated net charge-off ratio fell to 7.3% from 8.1%, and the company said stability in its 30+ day delinquency ratio and fair value premium supports a stable credit outlook. Total company combined loans and finance receivables, a non-GAAP portfolio measure that includes owned and guaranteed loans, rose 28% from the end of the second quarter of 2025 to a record $5.5 billion, while quarterly originations totaled $2.3 billion. Enova also repurchased $19 million of common stock and said liquidity, including cash, marketable securities and available facility capacity, stood at $929 million as of June 30. The company said it remains in constructive dialogue with regulators on the planned acquisition of Grasshopper Bank and expects to close later this year, aiming to begin realizing transaction synergies soon after completion.