Happen Inc. Reports Record Q2 Earnings with Strong Growth Metrics
Happen Bank (Nasdaq: HAPN), formerly LendingClub, reported record pre-tax income of $75.7 million for the second quarter ended June 30, 2026. The company achieved a return on equity (ROE) of 15.1% and a return on tangible common equity (ROTCE) of 15.9%. Loan originations grew by 29% year-over-year to $3.1 billion, while diluted earnings per share increased by 52% to $0.50. The company successfully rebranded from LendingClub and transitioned its stock listing to Nasdaq under the ticker HAPN. Total assets reached $12.5 billion with deposits at $10.8 billion, both up year-over-year. Strong credit performance contributed to a provision benefit of $10.9 million compared to an expense in the prior year. Happen also executed part of its stock repurchase program and is expanding into new markets like home improvement loans.
Topics: banking originations_growth rebranding stock_repurchase