Happen, Inc. Reports Record Third Quarter 2026 Pre-Tax Income of $76.8 Million
Happen, Inc. (Nasdaq: HAPN) announced strong third quarter 2026 financial results, highlighted by a record pre-tax income of $76.8 million and a 35% year-over-year increase in diluted earnings per share to $0.50. The digital bank saw significant growth in its lending operations, with quarterly originations rising 26% year-over-year to $3.3 billion. This growth was supported by successful expansion into the home improvement market and high automation rates via AI-powered tools. The company's balance sheet remains robust, with total assets reaching $13.3 billion and deposits growing 22% to $11.5 billion. Strong credit performance contributed to a provision benefit of $15.9 million, contrasting sharply with the expense seen in the prior year. Following these results, Happen, Inc. has raised its diluted EPS guidance and narrowed its annual originations range, signaling confidence in continued operational momentum.
Topics: earnings report EPS growth financial results loan originations stock buyback