Happen, formerly known as LendingClub, has announced the official launch of its digital bank. The new Happen Bank brand is available now on the company website, mobile app and via customer communications and advertising, the lender said in a news release Monday (June 22), the same day Happen's stock began trading on Nasdaq.
LendingClub has transformed into a diversified digital banking platform, evidenced by Q1 2026 deposits reaching $10.2 billion, up 14% YoY. LC delivered a 31% YoY increase in loan originations during a tight lending environment, driving a major surge in EPS. Industry-leading credit performance enables LC to sell loans without credit enhancements or loss protection, reflecting strong underwriting standards.
The mean of analysts' price targets for LendingClub (LC) points to a 29.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
LendingClub is moving its stock market listing as it prepares for a banking rebrand. The online-lender-turned-full-service bank announced Tuesday (June 2) that it would switch its listing from the New York Stock Exchange (NYSE) to the Nasdaq as it rebrands from LendingClub to Happen Bank.
Stocks trading under $30 often get dismissed as too small, too speculative, or too obscure to bother with.
The consensus price target hints at a 32.7% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Watch more: Need to Know With LendingClub's Scott Sanborn Scott Sanborn has been telling people LendingClub needed a different name for 10 years. The first audience was the board that ended up hiring him as CEO.
LendingClub Corporation (LC) Q1 2026 Earnings Call Transcript
LendingClub remains a compelling "Buy," bolstered by strong Q1 results and resilient credit metrics despite broader market fears. LC is delivering over 30% originations growth, supporting robust non-interest fee income and reinforcing its growth profile. Deposit growth, high-yield savings, and the rebrand to Happen Bank are reducing the cost of capital and enhancing net interest margins.
LendingClub saw growth across its business in the first quarter as it prepares to rebrand to Happen Bank and continues to expand its offerings into areas such as home improvement.
While the top- and bottom-line numbers for LendingClub (LC) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
LendingClub (LC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.1 per share a year ago.