Enova Reports Second Quarter 2026 Results
PRNewsWire
公開日時: Jul 23, 2026, 08:16 PM
Sentiment Analysis
Originations rose 27% and total company revenue increased 22% from the second quarter of 2025. Diluted earnings per share of $4.00 increased 40% and adjusted earnings per share 1 of $4.31 rose 33% compared to the second quarter of 2025. Credit performance remained strong, with the consolidated net charge-off ratio decreasing to 7.3% and the net revenue margin improving to 61%. Sequential stability in the consolidated 30+ day delinquency ratio and fair value premium reflect a continued stable credit performance and outlook. Liquidity, including cash and marketable securities and available capacity on facilities, totaled $929 million at June 30.
"Healthy originations growth and strong credit performance drove our eighth consecutive quarter of year-over-year adjusted EPS growth of 30% or more," said Steve Cunningham, Enova's CEO. "We are excited to build upon our proven capabilities with the planned acquisition of Grasshopper Bank. We remain in a constructive dialogue with regulators as they continue their application review process, and we look forward to closing later this year to begin immediately delivering on the significant transaction synergies."
Second Quarter 2026 Summary Total revenue of $929 million increased 22% from $764 million in the second quarter of 2025. Net revenue margin of 61% compared to 58% in the second quarter of 2025, reflecting continued solid credit performance. Net income of $105 million, or $4.00 per diluted share, increased 38% from $76 million, or $2.86 per diluted share, in the second quarter of 2025. Adjusted EBITDA 1 of $256 million increased 26% from $203 million in the second quarter of 2025. Adjusted earnings per share 1 of $4.31 increased 33% from $3.23 in the second quarter of 2025. Total company combined loans and finance receivables 1 increased 28% from the end of the second quarter of 2025 to a record $5.5 billion with total company originations of $2.3 billion in the quarter. Repurchased $19 million of common stock under the company's share repurchase program.
"Our second quarter results exceeded our expectations on both the top and bottom line and reflect the strength of our talented team, diversified product offerings, scalable operating model and world-class risk management capabilities," said Scott Cornelis, CFO of Enova. "Based on what we are seeing today we're raising our outlook for the year and we remain focused on continuing to generate sustainable and profitable growth while delivering on our commitment to driving long-term shareholder value and on our mission of helping hardworking people get access to fast, trustworthy credit."
Source: PRNewsWire
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