Happen, Inc. Reports Third Quarter 2026 Results
Happen, Inc. (formerly LendingClub) posted record Q3 2026 pre-tax income of $76.8 million, with diluted EPS up 35% YoY to $0.50 and net income of $59.3 million. Originations grew 26% YoY to $3.3 billion and credit outperformed, with a 3.1% net charge-off ratio and ~40% lower delinquencies versus its competitor set. ROTCE reached 15.8% and deposits grew 22% YoY to $11.5 billion.
Key figures
- Eps
- 0.5
- Revenue
- 263200000
- Guidance
- FY26 diluted EPS raised to $1.87-$1.92 from $1.80-$1.90 (61%-66% annual growth); FY26 originations $12.3B-$12.4B; Q4 originations $3.1B-$3.2B, Q4 diluted EPS $0.43-$0.48
- Revenue Yoy
- -1%
- Nim
- 6.05%
- Roe
- 15.0%
- Rotce
- 15.8%
- Deposits
- 11500000000
- Cet1 ratio
- 15.7%
- Net income
- 59300000
- Originations
- 3300000000
- Total assets
- 13300000000
- Pretax income
- 76800000
- Profit margin
- 29.2%
- Originations yoy
- 26%
- Book value per share
- 13.81
- Net charge off ratio
- 3.1%
- Risk adjusted revenue
- 279100000
- Buyback utilized cumulative
- 59000000
- Tangible book value per share
- 13.11
AI analysis
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