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# Chime Says Buying Stride Bank Won't Push Assets Past $10 Billion
- URL: https://www.bullished.co/chime-says-buying-stride-bank-wont-push-assets-past-10-billion-63bfc955/
- Published: 2026-11-04T23:27:22.000Z
- Updated: 2026-11-04T23:27:22.000Z
- Description: Interim CFO Mark Troughton put pro forma assets at about $6.5 billion and said Chime will stay an asset-light, payments-led company.
- Author: Matteo Parrino
- Tags: Earnings, CHYM, Industry: Financials

[Chime Financial](https://www.bullished.co/tag/chym/), the mobile banking company, expects to stay below $10 billion in assets after it buys Stride Bank, President and Interim CFO Mark Troughton told analysts on the company's third-quarter [earnings call](https://www.businesswire.com/news/home/20261104475603/en/Chime-Reports-Third-Quarter-2026-Financial-Results?ref=bullished.co) on Wednesday. Pro forma for the deal, the two would have held about $6.5 billion in total assets at the end of September.

## Room under the $10 billion line

The $6.5 billion includes about $1.6 billion of commercial loans, which Troughton said are not core consumer business and which Chime could optimize. That leaves core consumer assets of around $4.9 billion, or in his words "significant runway up to that 10 billion."

If assets ever approach the cap, Troughton said, "there are active and many other capital markets for us." He described the assets as short-duration, low-risk loans underwritten by direct deposit. He said crossing $10 billion would happen only if the economics justified it.

Chime Financial CEO Chris Britt was blunt about the model: "Owning a bank does not change our core business model." He said Chime intends to remain technology-driven, payments-led and asset-light.

The question came from an Evercore ISI analyst. Evercore had said in a note, [covered by Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/evercore-isi-names-fintech-stock-131636229.html?ref=bullished.co) ahead of the report, that it wanted management to explain how assets stay under the threshold and flagged regulatory risk tied to court activity over regulated debit interchange fees.

## Synergies and timing for Stride

Chime, which works with partner banks to offer checking, savings, credit cards and short-term cash advances to everyday Americans, announced the Stride agreement in September. The deal remains subject to regulatory approval. Troughton said Chime still expects to close in the first half of 2027.

Management expects more than $100 million of annual net after-tax synergies, reaching full run rate 12 to 18 months after close. The biggest driver is cost of funds, since Chime would hold members' deposits itself and stop paying sponsor bank fees. A national charter would also let it offer lending products in all 50 states. MyPay is now available to 85% of members.

Troughton said Chime expects the deal to add to earnings from close, even with one-time integration costs in 2027\. He said Stride generated $75 million in net income year to date.

## Big banks, not lenders, are the rival

Asked about competition in short-term lending, Troughton said Chime does not see those lenders as its main rivals. He said 85% of people joining Chime come from a big-bank relationship, and that its yields are much lower than those of players such as Dave or Cash App, in many cases perhaps less than half.

The quarter itself: revenue grew 32% to [$718 million](https://seekingalpha.com/news/4665869-chime-financial-inc-gaap-eps-of-0%5F11-beats-by-0%5F01-revenue-of-718m-beats-by-13%5F87m?ref=bullished.co), and net income was $44 million. For the fourth quarter, Chime guided to revenue of $757 million to $767 million.

Chime said it will give 2027 guidance on its fourth-quarter call, and it hopes the Stride approval arrives before the end of the first half of 2027.

Learn

- [How To Read An Earnings Call Transcript: Start With Guidance, Then Find What's Missing →](https://www.bullished.co/learn/how-to-read-an-earnings-call/)  
How to read an earnings call transcript: check guidance first, look for dropped metrics, compare growth with last quarter, and watch hedged wording.

### Sources

- [Chime Financial, Inc. GAAP EPS of $0.11 beats by $0.01, revenue of $718M beats by $13.87M (NASDAQ:CHYM)](https://seekingalpha.com/news/4665869-chime-financial-inc-gaap-eps-of-0%5F11-beats-by-0%5F01-revenue-of-718m-beats-by-13%5F87m?ref=bullished.co) — seekingalpha.com
- [Evercore ISI看好金融科技股，評為首選，預計上漲47%](https://hk.finance.yahoo.com/news/evercore-isi%E7%9C%8B%E5%A5%BD%E9%87%91%E8%9E%8D%E7%A7%91%E6%8A%80%E8%82%A1-%E8%A9%95%E7%82%BA%E9%A6%96%E9%81%B8-%E9%A0%90%E8%A8%88%E4%B8%8A%E6%BC%B247-134636780.html?ref=bullished.co) — Yahoo Finance
- [Evercore ISI Names Fintech Stock a Top Pick Ahead of Earnings, Sees 47% Upside](https://finance.yahoo.com/markets/stocks/articles/evercore-isi-names-fintech-stock-131636229.html?ref=bullished.co) — Yahoo Finance
- [Massey v. Chime Financial, Inc. et al](https://www.law360.com/cases/6aa0619c73404033d14fea25?ref=bullished.co) — law360.com
- [Chime Reports Third Quarter 2026 Financial Results](https://www.businesswire.com/news/home/20261104475603/en/Chime-Reports-Third-Quarter-2026-Financial-Results?ref=bullished.co) — businesswire.com

### More on Chime Financial

- [Chime Raises 2026 Outlook As Revenue Jumps 32% To $718 Million And Profit Hits $44 Million](https://www.bullished.co/chime-raises-2026-outlook-as-revenue-jumps-32-to-718-million-and-profit-hits-44-million-6c2b672a/)

[All Chime Financial (CHYM) coverage →](https://www.bullished.co/tag/chym/)