Chime to acquire Stride Bank for $590 million in cash and raises guidance
Chime announced it will acquire Stride Bank for $590 million in cash, a deal it says will be immediately accretive to EPS and generate over $100 million in net synergies funded entirely from cash on hand. Chime also raised its Q3 revenue guidance to $705 million and full-year 2026 revenue to $2.76-2.77 billion, and its stock rose 9% after hours.
Detected & updated continuously · Source: Nebula
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@IPONewsroom_
CHIME $CHYM TO ACQUIRE STRIDE BANK FOR $590M IN CASH Chime says the deal will be immediately accretive to EPS and generate more than $100M in net synergies, with the purchase funded entirely from cash on hand and no incremental capital contribution. Q3 guidance calls for $705M https://t.co/4Q9o3umB64
@Sam_Badawi
$CHYM just raised Q3 and full-year 2026 guidance. Q3 revenue is now expected at $705M, up 30% YoY, while full-year revenue is guided to $2.76-2.77B with adjusted EBITDA of $481-489M. https://t.co/S1yxaGyCs2
@Sam_Badawi
$CHYM is up 9% AH after raising the Q3 and 2026 guides. https://t.co/56vSzUehUF