HAPN Q3 FY26 earnings call: key takeaways

• HAPN reported EPS of $0.50, beating the $0.47 consensus (6:29)
• The company delivered strong results with record pre-tax income and growth in key metrics. (6:29)

Results vs expectations

EPS basis: GAAP diluted EPS, SEC 10-Q

The stock moved +11.9% over the report window (S&P 500 ETF -0.4%). Earnings history

What changed since last quarter

• The company raised full year EPS guidance to $1.87-$1.92, up from previous expectations. (20:55)
• HAPN increased its full year originations growth outlook to 26-27%. (20:55)
• The company highlighted improved credit performance and continued underwriting discipline. (24:28)

Guidance

What analysts pressed on

• Whether the company's credit performance will continue to outperform peers in a rising rate environment. (24:28)
• How the company plans to manage the impact of higher interest rates on net interest margin. (27:58)
• Concerns about the impact of rate hikes on consumer behavior and loan demand. (46:53)

In their words

• Our members are the motivated middle, digitally savvy consumers with an average FICO of roughly 720 and an annual income of over $120,000 who are actively managing their financial lives. Scott (2:35)
• We're four months into the rebrand. Searches for HAPN Bank are already more than two times those for Lending Club. (4:29)
• We have always-on data sources, hundreds of proprietary variables, and thousands of custom-engineered bureau features. (4:29)
• We're building HAPN Bank for them. We make it easy to access lower cost credit, saving members an average of 700 basis points in interest compared to their credit cards. Scott (2:35)