Enova Int.

Enova International, Inc. engages in the provision of online financial services. Its products and services include short-term consumer loan, line of credit accounts, instalment loans, receivables purchase agreements, credit services organization program, bank program, and decision management platform-as-a-service & analytics-as-a-service. It caters non-prime credit consumers and small businesses in the United States and Brazil. The company was founded by Albert Goldstein and Alexander Goldstein in 2003 and is headquartered in Chicago, IL.

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Enova International excels in Q4 2022, eyes growth opportunities

Enova International's Q4 2022 earnings call highlighted strong financial performance, strategic shifts towards consumer line of credit products, and growth opportunities in 2023.
The company's focus on credit risk management, SMB business expansion, and shareholder value creation positions them well for future success.
While challenges include balancing growth and risk, Enova's strengths in diversification, product mix, and market positioning offer a solid foundation for navigating the evolving economic landscape.

Enova International excels in Q1 2023, eyes growth opportunities

Enova International delivered strong financial performance in Q1 2023, showcasing growth in revenue, EBITDA, and EPS, driven by a focus on small business and consumer segments.
The company's emphasis on credit metrics, efficient cost management, and strategic growth plans position it well to navigate challenges and capitalize on opportunities.
With a commitment to balancing growth and risk, Enova International remains confident in its ability to adapt to market dynamics and create value for shareholders.

Enova International reports strong Q2 results, poised for strategic growth

Enova International demonstrated robust financial performance in Q2 2023, marked by significant revenue growth, improved credit quality, and strong liquidity. The company's strategic focus on consumer products and efficient operations underpin its growth prospects and resilience.
While facing challenges such as high operating costs and the need to sustain credit quality improvements, Enova has opportunities to leverage its capital strength, product strategy, and operational efficiency for future growth and market expansion.

Enova Int. reports record Q3 results, eyes growth opportunities in Q4

Enova Int. delivered strong Q3 results with record originations and revenue, despite lower adjusted EPS. The company's focus on credit performance, excess liquidity, and share repurchase program highlights financial stability. Opportunities for revenue and EPS growth in Q4 exist through portfolio evaluation and fair value accounting.

Enova International reports robust Q4 earnings and strategic growth plans

Enova International's Q4 2023 earnings call highlighted strong financial performance, with revenue growth, improved credit metrics, and strategic financial maneuvers. The company's outlook for 2024 underscores a focus on stable credit, growth in originations, and enhancing shareholder value through profitable growth strategies.

Enova International reports robust Q1 results and anticipates sequential EPS growth

Enova International's Q1 performance reflects strong growth in originations and revenue, supported by a robust balance sheet and prudent risk management.
While challenges in the non-prime lending landscape persist, Enova's focus on efficient expense management and sustained asset quality bodes well for future profitability.
With opportunities for further growth and a positive outlook for Q2, Enova remains well-positioned to drive shareholder value and navigate market dynamics.

Enova International excels in Q2 2024, eyes growth amid economic optimism

Enova International's Q2 2024 earnings call reflects a successful quarter marked by strong financial performance, growth in originations, and improved profitability. The company's focus on talent, analytics, and product offerings has driven revenue growth and solid credit quality, positioning Enova for continued success amidst economic opportunities and challenges.

Enova International reports stellar Q3 results, eyes sustained growth

Enova International's Q3 results underscore a robust operational performance, marked by record originations and revenue growth above 25% in key metrics.
The company's strong credit quality, focus on shareholder value, and solid financial position position it well for sustained growth and capital return initiatives.
While challenges in expense management and market dynamics persist, Enova's strategic focus on efficiency and growth opportunities bode well for future performance.

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CHICAGO , July 29, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova" or the "Company") today announced that it intends to offer, subject to market and other customary conditions, $400.0 million in aggregate principal amount of senior notes due 2029 (the "Notes"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by Enova's existing and future domestic subsidiaries, subject to certain exceptions including for its securitization subsidiaries.

ENOVA ANNOUNCES PRIVATE OFFERING OF $400.0 MILLION OF SENIOR NOTES DUE 2029

CHICAGO , July 29, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova" or the "Company") announced today that it has commenced a cash tender offer (the "Tender Offer") for any and all of the outstanding U.S.$375,000,000 aggregate principal amount of its 8.500% Senior Notes due 2025 (the "Notes"). In conjunction with the Tender Offer, the Company is also soliciting consents (the "Consent Solicitation") from the holders of the Notes for the adoption of proposed amendments (the "Proposed Amendments"), which would, among other things, (i) eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes and (ii) reduce the minimum required notice period for the redemption of Notes from at least 30 days to at least two business days prior to the redemption date (maintaining the maximum notice period of not more than 60 days).

Enova International, Inc. Announces Cash Tender Offer and Consent Solicitation

Enova International, Inc. (NYSE:ENVA ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Lindsay Savarese - IR David Fisher - Chairman & CEO Steven Cunningham - CFO Conference Call Participants Moshe Orenbuch - TD Cowen David Scharf - JMP Securities John Hecht - Jefferies John Rowan - Janney Montgomery Scott Vincent Caintic - BTIG Operator Good day and welcome to the Enova International Second Quarter 2024 Earnings Conference Call. [Operator Instructions].

Enova International, Inc. (ENVA) Q2 2024 Earnings Call Transcript

Enova International (ENVA) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.72 per share a year ago.

Enova International (ENVA) Q2 Earnings and Revenues Beat Estimates

Total revenue increased 26% from the second quarter of 2023 to $628 million Diluted earnings per share and adjusted earnings per share increased 29% and 28% from the second quarter of 2023 to $1.93 and $2.21, respectively Total company combined loans and finance receivables increased 25% from the end of second quarter of 2023 to a record $3.6 billion as total company originations were $1.4 billion for the quarter Continued solid credit performance and outlook with a second quarter net revenue margin of 59% Liquidity, including cash and marketable securities and available capacity on facilities, totaled $891 million at June 30 Repurchased approximately $62 million of common stock under the company's share repurchase program CHICAGO , July 23, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced financial results for the second quarter ended June 30, 2024.  "We delivered another quarter of strong results driven by the strength of our talented team, world-class machine learning analytics, flexible online-only business model, diversified product offerings and solid balance sheet," said David Fisher, Enova's CEO.

Enova Reports Second Quarter 2024 Results

CHICAGO , July 9, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced the company's second quarter 2024 financial results will be released after the market close on Tuesday, July 23, 2024. Enova will host a conference call to discuss its results at 4 p.m.

Enova Announces Date of Second Quarter 2024 Financial Results Conference Call

CHICAGO , May 23, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced that Steve Cunningham, Chief Financial Officer, will present via a fireside chat format at the TD Financial Services & Fintech Summit on Thursday, June 6, 2024 at 3:50 p.m. Central Time / 4:50 p.m.

Enova To Present at the TD Financial Services & Fintech Summit

CHICAGO , May 23, 2024 /PRNewswire/ -- Small businesses feel increasingly optimistic about future growth as expenses decrease, according to the latest Small Business Cash Flow Trend Report from OnDeck Capital, the leading small business lending company at Enova (NYSE: ENVA) and Ocrolus, the document AI and cash flow analytics platform for lenders. Key findings include: Optimism and Growth.

New Report: Main Street Small Business Optimism Rises as They Successfully Navigate Macro Environment

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova's combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion.

Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending

Enova International, Inc. (NYSE:ENVA ) Q1 2024 Earnings Conference Call April 23, 2024 5:00 PM ET Company Participants Lindsay Savarese - Investor Relations David Fisher - Chief Executive Officer Steve Cunningham - Chief Financial Officer Conference Call Participants David Scharf - Citizens JMP John Hecht - Jefferies John Rowan - Janney Operator Good day, and welcome to the Enova International First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Enova International, Inc. (ENVA) Q1 2024 Earnings Call Transcript

Enova International (ENVA) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $1.79 per share a year ago.

Enova International (ENVA) Surpasses Q1 Earnings and Revenue Estimates

Total revenue increased 26% from the first quarter of 2023 to $610 million Diluted earnings per share and adjusted earnings per share increased 5% and 7% from the first quarter of 2023 to $1.64 and $1.91, respectively Total company combined loans and finance receivables increased 23% from the end of first quarter of 2023 to a record $3.5 billion as total company originations were $1.4 billion for the quarter Continued solid credit performance and outlook with a first quarter net revenue margin of 57% Liquidity, including cash and marketable securities and available capacity on facilities, totaled $738 million at March 31 Repurchased $139 million of common stock under the company's share repurchase program CHICAGO , April 23, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced financial results for the first quarter ended March 31, 2024.  "We are pleased to start the year with another quarter of consistent and profitable growth," said David Fisher, Enova's CEO.

Enova Reports First Quarter 2024 Results

Enova International (ENVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Enova International (ENVA) to Report a Decline in Earnings: What to Look Out for

CHICAGO , April 9, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's first quarter 2024 financial results will be released after the market close on Tuesday, April 23, 2024. Enova will host a conference call to discuss its results at 4 p.m.

Enova Announces Date of First Quarter 2024 Financial Results Conference Call

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Wall Street Analysts Look Bullish on Enova International (ENVA): Should You Buy?

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New survey analyzes small business sentiment and cash flow data for holistic overview of small business health CHICAGO , Feb. 15, 2024 /PRNewswire/ -- Today, OnDeck Capital, the leading small business lending company at Enova (NYSE: ENVA), and Ocrolus, the document AI and cash flow analytics platform for lenders, released the first-of-its-kind Small Business Cash Flow Trend Report . The new quarterly report combines small business survey results with cash flow data from companies to provide deeper insights into the overall health and sentiment of small businesses across the United States.

New Report: Small businesses anticipate growth in 2024, focused on improving profitability and cash flow

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Enova International, Inc. (ENVA) Q4 2023 Earnings Call Transcript

Total revenue increased 20% from the fourth quarter of 2022 to $584 million Diluted earnings per share totaled $1.13 and adjusted earnings per share totaled $1.83 Total company combined loans and finance receivables increased 16% from the end of fourth quarter of 2022 to $3.3 billion as total company originations reached a quarterly record of $1.4 billion Continued solid credit performance and outlook with a fourth quarter net revenue margin of 56% and a sequential increase in the fair value of the consolidated portfolio as a percentage of principal to 115% at December 31 Liquidity, including cash and marketable securities and available capacity on facilities, totaled $870 million at December 31 Repurchased $66 million of common stock under the company's share repurchase program CHICAGO , Jan. 30, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced financial results for the fourth quarter and full year ended December 31, 2023.  "We are pleased to end the year on a positive note with another strong quarter of solid revenue and profitable growth," said David Fisher, Enova's CEO.

Enova Reports Fourth Quarter and Full Year 2023 Results

CHICAGO , Jan. 16, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's fourth quarter and full year 2023 financial results will be released after the market close on Tuesday, January 30, 2024. Enova will host a conference call to discuss its results at 4 p.m.

Enova Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

CHICAGO, Dec. 6, 2023 /PRNewswire/ -- Today, Enova International, Inc. (NYSE: ENVA) (the "Company"), a leading financial technology company powered by machine learning and world-class analytics, issued $400 million in aggregate principal amount of Senior Notes due 2028 (the "Notes"). The Notes were purchased at a price of 99.058% of the principal amount and will bear interest at 11.25% per annum.

ENOVA ANNOUNCES CLOSING OF $400.0 MILLION OF SENIOR UNSECURED NOTES DUE 2028

Enova's dynamic and collaborative work environment, range of growth opportunities and industry-leading benefits led the company to improve its ranking among the Top 100 Best Places to Work in IT CHICAGO , Dec. 5, 2023 /PRNewswire/ -- Computerworld has again recognized Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, as one of the top 100 Best Places to Work in IT . Employee responses from IT team members and company data ranked Enova 14th among midsize organizations and marks the 11th consecutive year that Enova has been named to the list.

Enova Celebrates 11 Consecutive Years as One of Computerworld's Best Places to Work in IT

CHICAGO , Dec. 4, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova") today announced that it intends to offer, subject to market and other customary conditions, $400.0 million in aggregate principal amount of senior notes due 2028 (the "Notes"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by Enova's existing and future domestic subsidiaries, subject to certain exceptions including for its securitization subsidiaries.

ENOVA ANNOUNCES PRIVATE OFFERING OF $400.0 MILLION OF SENIOR NOTES DUE 2028

Enova (ENVA) reaches a settlement with the Consumer Financial Protection Bureau to resolve an issue related to consumer loan processing errors and is set to pay a $15 million civil money penalty.

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