Chime Financial (CHYM) Stock Jumps 10% After $590 Million Stride Bank Acquisition Deal

TLDR

• Chime is acquiring Stride Bank for $590 million in cash, with the deal expected to close in the first half of 2027.
• Stride Bank will become Chime Bank, N.A. and operate as a wholly owned subsidiary.
• Chime stock rose 10% in after-hours trading following the announcement.
• UBS raised its price target on CHYM to $31 from $28, while maintaining a Neutral rating.
• Chime expects around $100 million in net synergies from the deal, including savings on sponsor bank fees.

Chime Financial is buying Stride Bank, a 113-year-old Oklahoma lender, for $590 million in cash. The deal will turn the fintech company into a bank for the first time.

Chime Financial, Inc. Class A Common Stock, CHYM

Chime stock jumped 10% in after-hours trading on Tuesday following the announcement. The stock currently trades around $32.31, up roughly 20% from its $27 IPO price when it went public in June 2025.

Stride Bank will be rebranded as Chime Bank, N.A. and will operate as a wholly owned subsidiary after the deal closes.

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