Chime To Acquire Stride Bank For $590 Million

04:46 PM EDT, 09/08/2026 (MT Newswires) -- Chime (CHYM) said Tuesday it agreed to acquire Stride Bank for $590 million in cash, with Stride to become Chime Bank, N.A. and operate as a wholly owned subsidiary upon closing. The transaction is expected to be immediately accretive to earnings per share, with Chime expecting more than $100 million in net synergies from sponsor bank fee savings, expanded lending products and a lower cost of funds. Chime raised its Q3 revenue outlook to $705 million. For full-year 2026, it now expects revenue of $2.76 billion to $2.77 billion. The transaction is expected to close in the first half of 2027.