Happen, Inc. 8K

Happen, Inc. reported record Q2 2026 earnings and originations while completing a rebrand and Nasdaq relisting, launching home improvement lending, expanding AI-driven efficiency, executing share repurchases, and issuing positive guidance under a new fair value accounting framework.

Happen, Inc. (Nasdaq: HAPN), formerly LendingClub Corporation and parent of Happen Bank, reported strong second quarter 2026 results, including record pre-tax income of $75.7 million, 15.1% ROE, 15.9% ROTCE, and a 52% year-over-year increase in diluted EPS to $0.50 on 6% net revenue growth to $262.9 million, driven by 29% higher loan originations to $3.1 billion, favorable credit performance, and adoption of fair value option accounting for all new originations. The company highlighted balance sheet growth to $12.5 billion in assets and $10.8 billion in deposits with robust capital and liquidity, execution of $12 million of its $100 million stock repurchase and acquisition program in the quarter (with $50 million utilized cumulatively), and strategic progress including a completed corporate rebrand to Happen Bank, transfer of its stock listing from NYSE: LC to Nasdaq: HAPN, entry into the $500 billion home improvement financing market, and expanded AI-driven automation exceeding a 90% automation rate. Management also emphasized increased investment in new marketing channels and provided guidance for Q3 2026 loan originations of $3.20–$3.35 billion and diluted EPS of $0.43–$0.48, and full-year 2026 originations of $12.2–$12.6 billion with diluted EPS of $1.80–$1.90, while reiterating that fair value accounting is expected to enhance return on invested capital over time.

Filing Facts

CIK

1409970

Ticker

-

Form

8K

Source Type

sec

Accession

0001409970-26-000159

Alert Tier

7