Chime Shares Rise 7% on $590 Million Stride Bank Deal and Higher Guidance

Key Facts

Chime Financial shares, trading under the ticker CHYM, rose 7% in Wednesday morning trading after the fintech entered a definitive agreement to buy Stride Bank for $590 million in cash and raised its financial outlook.

Under the agreement dated September 8, 2026, Chime will acquire Central Service Corporation, Stride Bank's parent. At closing, the bank will be renamed Chime Bank and operate as a wholly owned Chime subsidiary.

Chime now expects third-quarter revenue of $705 million, up approximately 30% year over year. It also raised its full-year 2026 revenue forecast to $2.76 billion to $2.77 billion, representing growth of 26% to 27%.

The company expects adjusted EBITDA of $117 million to $120 million for the third quarter, at a margin of roughly 17%, and $481 million to $489 million for the full year, at a margin of 17% to 18%.

Chime says the transaction will be immediately accretive to earnings per share at closing and could generate more than $100 million in net synergies through lower sponsor-bank fees, expanded lending products and a lower cost of funds. Those benefits remain forward-looking estimates rather than realized results.

Stride has been Chime's banking partner for more than 7 years. After closing, Chime expects to consolidate its banking activities at Stride and keep the bank's assets below $10 billion for the foreseeable future, but the transaction still requires approvals from the Office of the Comptroller of the Currency and the Federal Reserve Board and is expected to close in the first half of 2027.