Chime to Acquire Stride Bank for $590M, Raises FY26 Guidance
CHYM has more than doubled off its 52-week low of $15.88.
Summary
Chime announced a $590M cash acquisition of Stride Bank, its banking partner of seven years, and raised Q3 and full-year 2026 guidance. The deal is expected to be immediately accretive with >$100M in net synergies.
Key Events · M&A and Partnerships · CHYM
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Acquires Stride Bank for $590M
Chime entered into a definitive merger agreement to acquire Central Service Corporation, parent of Stride Bank, N.A., for $590 million in cash, subject to customary purchase price adjustments.
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Immediately Accretive with >$100M Synergies
The transaction is expected to be immediately accretive to EPS, with more than $100 million in net synergies from sponsor bank fee savings, expanded lending, and lower cost of funds.
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Raises Q3 and FY2026 Guidance
Q3 revenue guidance raised to $705M (~30% YoY) with adjusted EBITDA of $117-120M; FY2026 revenue raised to $2.76-2.77B (~26-27% YoY) with adjusted EBITDA of $481-489M.
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Becomes Bank Holding Company
Upon closing, Chime will become a bank holding company under the Bank Holding Company Act, with Stride operating as Chime Bank, N.A. as a wholly owned subsidiary.
Analysis · CHYM · Finance
Chime is buying its long-time bank partner Stride Bank for $590 million in cash, a deal that converts the fintech into a bank holding company and gives it full-stack ownership of its banking infrastructure. The transaction is expected to be immediately accretive to EPS with over $100 million in net synergies from eliminating partner-bank fees and lowering funding costs. Chime simultaneously raised full-year revenue guidance to $2.76-2.77 billion and adjusted EBITDA to $481-489 million, signaling management confidence in the core business. The deal requires OCC and Federal Reserve approval and is expected to close in the first half of 2027.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 44% of the 562 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CHYM was trading at $35.20 on NASDAQ in the Finance sector, with a market capitalization of approximately $12.2B. The 52-week trading range was $15.88 to $34.44. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.