Happen Inc. raised its full-year 2026 diluted earnings per share target to a range of $1.80 to $1.90 and increased the lower end of its loan originations guidance to a new range of $12.2 billion to $12.6 billion. For the second quarter, the company reported loan originations of $3.1 billion, up 29% year-over-year, with record pretax income of $76 million and diluted earnings per share of $0.50. Revenue grew 6% to $263 million, driven by net interest income of $179 million and noninterest income of $84 million. The company also launched the Happen Bank brand and began underwriting its first home improvement loans, while noting that fair value markdowns increased to $121 million from $89 million in the prior quarter due to higher benchmark rates. For the third quarter, Happen expects loan originations of $3.2 billion to $3.35 billion and diluted earnings per share of $0.43 to $0.48.
LendingClub CorpRaised EPS and originations guidance, strong Q2 results with record pretax income.