LendingClub

LendingClub will change its name to Happen Bank to reflect its shift from a peer-to-peer platform to an institutionally focused, tech-driven bank. The company cites materially better credit performance—delinquencies about 50% below peers, net charge-offs down to 3.5% and provisions nearly zero—alongside 31% originations growth and EPS up 340% year over year. Management is rolling out AI-driven automation (90% of loan issuance automated) and has partnered with Wisetack to enter the $500 billion home improvement finance market, targeting expansion into HELOCs and mortgages. Leadership expects the repositioning and operational gains could help re-rate the stock as the firm pursues growth toward $20 billion in assets. » Mere på finance.yahoo.com

LendingClub reported diluted earnings per share of $0.44 for Q1 2026 (+340% vs. prior year) and loan originations of $2.67 billion, both above guidance. The company has been applying the fair-value option to newly originated loans since January 2026, which improved revenue recognition and yields and led to significantly lower provisions. LendingClub announced it will rebrand as Happen Bank in summer 2026, emphasizing its evolution into an integrated digital bank with growing deposit products and expansion into renovation loans. For Q2 2026 management expects loan originations of $3.0–3.1 billion and diluted EPS of $0.40–0.45, and confirmed the full-year outlook. » Mere på de.investing.com

LendingClub is now offering loans for home modernizations up to $65,000 through a partnership with Wisetack and is using its proprietary real‑time underwriting system. The loans are underwritten and funded by LendingClub Bank; Wisetack integrates offers and instant financing commitments into contractors’ workflows. LendingClub has invested in Wisetack and sees the roughly $500 billion U.S. home renovation market as a significant growth opportunity; the company most recently reported $1.33 billion in revenue and profitable earnings per share. » Mere på de.investing.com