0001409970-26-000163 | 10-Q | XBRL Viewer

Print Document

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 58,148	$ 38,178	$ 109,751	$ 49,849
Other comprehensive loss:
Net unrealized loss on securities available for sale	(13,662)	(4,294)	(27,672)	(811)
Income tax effect	3,375	538	6,834	(951)
Other comprehensive loss, net of tax	(10,287)	(3,756)	(20,838)	(1,762)
Total comprehensive income	$ 47,861	$ 34,422	$ 88,913	$ 48,087

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479719/606-10-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)(d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 49: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 53: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Loans - Schedule of Loan Modifications (Details) - Consumer - Unsecured consumer - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	$ 9,586	$ 11,515	$ 16,225	$ 18,875
% of unsecured consumer loans at amortized cost as of period end	0.40%	0.30%	0.70%	0.60%
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	$ 5,829	$ 6,892	$ 10,835	$ 12,686
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	1,384	1,764	3,007	3,286
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	$ 2,373	$ 2,859	$ 2,383	$ 2,903

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2026	Nov. 04, 2025
RSUs
Stock options
Granted (in shares)	1,979,722
Equity instruments other than options, aggregate fair value	$ 30.8
Unrecognized compensation cost related to unvested awards	$ 47.0
Unrecognized compensation cost, period for recognition	1 year 10 months 24 days
PBRSUs
Stock options
Granted (in shares)	641,982
Equity instruments other than options, aggregate fair value	$ 9.4
Unrecognized compensation cost related to unvested awards	$ 10.0
Unrecognized compensation cost, period for recognition	1 year 9 months 18 days
Performance period	3 years
Stock Repurchase and Acquisition Program
Stock options
Stock acquisition and repurchase program, authorized amount		$ 100.0
Stock repurchases (in shares)	1,221,938
Weighted average purchase price (in USD per share)	$ 16.68

Loans - Schedule of Activity in the ACL by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Allowance for loan and lease losses:
Beginning of period	$ 237,697	$ 244,193	$ 275,743	$ 236,734
Credit loss (benefit) expense	(10,885)	40,596	(10,039)	96,978
Charge-offs	(46,427)	(49,854)	(99,197)	(116,430)
Recoveries	12,508	18,054	26,386	35,707
End of period	192,893	252,989	192,893	252,989
Reserve for unfunded lending commitments:
Beginning of period			98,200
End of period	122,600		122,600
Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	830	1,629	1,009	1,183
Credit loss benefit	(197)	(44)	(376)	402
End of period	633	1,585	633	1,585
Unfunded Loan Commitment, Commitments To Extend Credit
Reserve for unfunded lending commitments:
Beginning of period			52,000
End of period	35,200	103,400	35,200	103,400
Consumer
Allowance for loan and lease losses:
Beginning of period	221,196	227,608	258,811	212,598
Credit loss (benefit) expense	(10,486)	41,133	(9,085)	97,081
Charge-offs	(46,395)	(48,956)	(99,039)	(107,300)
Recoveries	12,412	17,648	26,040	35,054
End of period	176,727	237,433	176,727	237,433
Consumer \| Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	0	0	0	0
Credit loss benefit	0	0	0	0
End of period	0	0	0	0
Commercial
Allowance for loan and lease losses:
Beginning of period	16,501	16,585	16,932	24,136
Credit loss (benefit) expense	(399)	(537)	(954)	(103)
Charge-offs	(32)	(898)	(158)	(9,130)
Recoveries	96	406	346	653
End of period	16,166	15,556	16,166	15,556
Commercial \| Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	830	1,629	1,009	1,183
Credit loss benefit	(197)	(44)	(376)	402
End of period	$ 633	$ 1,585	$ 633	$ 1,585

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Lease Commitments For discussion regarding the Company’s operating lease commitments, see “Note 16. Leases.” Loan Repurchase Obligations The Company is generally required to repurchase loans or interests therein from marketplace investors in cases of (i) confirmed identity theft or certain other types of fraud on the part of the borrower or a service provider; (ii) certain failures of loans to comply with the investor’s purchase order or as an investor accommodation; or (iii) confirmed material breach of representations made with respect to such loans that result in a material adverse effect on such loan. The Company believes such provisions are customary and consistent with institutional loan and securitization market standards. Unfunded Lending Commitments As of June 30, 2026 and December 31, 2025, the contractual amount of unfunded lending commitments totaled $122.6 million and $98.2 million, respectively, of which $35.2 million and $52.0 million, respectively, are commitments for loans (at amortized cost) to be funded. See “Note 4. Loans” for additional detail related to the reserve for unfunded lending commitments. Legal The Company is subject to various claims brought in a litigation or regulatory context. These include lawsuits and regulatory exams, investigations, or inquiries. In accordance with applicable accounting standards, the Company accrues for costs related to contingencies when a loss from such claims is probable and the amount of loss can be reasonably estimated. In determining whether a loss from a claim is probable and the loss can be reasonably estimated, the Company reviews and evaluates its litigation and regulatory matters on at least a quarterly basis in light of potentially relevant factual and legal developments. If the Company determines an unfavorable outcome is not probable or the amount of loss cannot be reasonably estimated, the Company does not accrue for a potential litigation loss. In those situations, the Company discloses an estimate or range of the reasonably possible losses, if such estimates can be made. Based on information available to the Company as of the date of this Report, the Company does not believe that the resolution of the pending claims will have a material adverse effect on its financial position, results of operations or cash flows. Regulatory Examinations and Actions Relating to the Company’s Business Practices, and Compliance with Applicable Laws The Company is and has been subject to periodic inquiries, exams and enforcement actions brought by federal and state regulatory agencies relating to the Company’s business practices, and operating in compliance with applicable laws. In the past, the Company has successfully resolved such matters in a manner that was not material to its results of financial operations in any period and that did not materially limit the Company’s ability to conduct its business. However, no assurances can be given as to the timing, outcome or consequences of these matters or other similar matters if or as they arise.

Property, Equipment and Software, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Property, Plant, and Equipment [Line Items]
Impairment expense		$ 0.0		$ 0.0
Property, Equipment and Software
Property, Plant, and Equipment [Line Items]
Depreciation and amortization expense	$ 15.4	$ 14.8	$ 30.5	$ 27.9
Software
Property, Plant, and Equipment [Line Items]
Impairment expense	$ 2.1		$ 2.1

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-12

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 905
-SubTopic 360
-Name Accounting Standards Codification
-Section 25
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478704/905-360-25-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 30
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482222/360-10-30-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A

+ Details

Leases - Schedule of Future Fixed Lease Payments Based on Maturity (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Leases [Abstract]
2026	$ 2,238
2027	3,356
2028	2,460
2029	1,932
2030	1,990
Thereafter	6,215
Total lease payments	$ 18,191

Fair Value Measurements - Schedule of Sensitivity of Loans HFS at Fair Value to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	$ 1,773,052	$ 1,762,396
Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	1,773,052	1,762,396
Discount rates, impact of 100 basis point increase	(19,743)	(21,458)
Discount rates, impact of 200 basis point increase	(39,096)	(42,471)
Expected credit loss rates on underlying loans, 10% adverse change	(22,606)	(20,970)
Expected credit loss rates on underlying loans, 20% adverse change	(45,403)	(41,766)
Expected prepayment rates, 10% adverse change	(7,760)	(5,703)
Expected prepayment rates, 20% adverse change	$ (14,574)	$ (10,546)
Loans Held For Sale \| Expected weighted-average life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 2 months 12 days	1 year 4 months 24 days

Loans - Schedule of Nonaccrual Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 55,319	$ 60,432
Nonaccrual with no related ACL	$ 14,084	$ 16,367
Nonaccrual ratios (as a percent)	1.70%	1.40%
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 14,651	$ 18,762
Nonaccrual with no related ACL	$ 1,230	$ 431
Nonaccrual ratios (as a percent)	0.60%	0.50%
Consumer \| Unsecured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 13,272	$ 17,936
Nonaccrual with no related ACL	0	0
Consumer \| Residential mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,230	431
Nonaccrual with no related ACL	1,230	431
Consumer \| Secured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	149	395
Nonaccrual with no related ACL	0	0
Commercial
Financing Receivable, Past Due [Line Items]
Nonaccrual	40,668	41,670
Nonaccrual with no related ACL	$ 12,854	$ 15,936
Nonaccrual ratios (as a percent)	6.30%	6.20%
Commercial \| Loans guaranteed by the Small Business Association
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 28,300	$ 29,700
Commercial \| Equipment finance
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,422	3,088
Nonaccrual with no related ACL	0	0
Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	6,809	11,253
Nonaccrual with no related ACL	1,857	5,799
Commercial \| Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	30,437	27,329
Nonaccrual with no related ACL	$ 10,997	$ 10,137

Deposits

6 Months Ended

Jun. 30, 2026

Other Liabilities Disclosure [Abstract]

Deposits

Deposits consist of the following:


	June 30, 2026		December 31, 2025
Interest-bearing deposits:
Savings and money market accounts	$	7,059,536	$	6,599,737
Certificates of deposit	2,858,839		2,434,422
Checking accounts	417,861		425,324
Total	10,336,236		9,459,483
Noninterest-bearing deposits	429,031		374,387
Total deposits	$	10,765,267	$	9,833,870

Total certificates of deposit at June 30, 2026 are scheduled to mature as follows:


2026	$	1,576,853
2027	1,262,821
2028	6,792
2029	10,473
2030	1,259
Thereafter	641
Total certificates of deposit(1)	$	2,858,839

(1) Certificates of deposit in excess of the FDIC insurance limit of $250 thousand per account holder totaled $163.6 million at June 30, 2026.

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Income tax expense	$ 17,509	$ 15,806	$ 33,234	$ 19,830
Effective tax rate	23.10%	29.30%	23.20%	28.50%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3A

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 2,100,000	$ 453,737
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	0
Loans and leases held for investment
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unamortized basis adjustment	400
Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unamortized basis adjustment	$ 100

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Regulatory Requirements - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Millions	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Happen, Inc. (Parent only)
Amount
CET1 capital	$ 1,436.2	$ 1,342.6
Tier 1 capital	1,436.2	1,342.6
Total capital	1,543.5	1,441.0
Tier 1 leverage	1,436.2	1,342.6
Risk-weighted assets	8,499.0	7,696.1
Quarterly adjusted average assets	$ 12,048.2	$ 11,174.0
Ratio
CET1 capital	0.169	0.174
Tier 1 capital	0.169	0.174
Total capital	0.182	0.187
Tier 1 leverage	0.119	0.120
Well-Capitalized Minimum
Tier 1 capital	0.060
Total capital	0.100
Happen Bank
Amount
CET1 capital	$ 1,315.7	$ 1,183.9
Tier 1 capital	1,315.7	1,183.9
Total capital	1,422.4	1,281.8
Tier 1 leverage	1,315.7	1,183.9
Risk-weighted assets	8,452.0	7,652.0
Quarterly adjusted average assets	$ 11,987.1	$ 11,090.4
Ratio
CET1 capital	0.156	0.155
Tier 1 capital	0.156	0.155
Total capital	0.168	0.168
Tier 1 leverage	0.110	0.107
Well-Capitalized Minimum
CET1 capital	0.065
Tier 1 capital	0.080
Total capital	0.100
Tier 1 leverage	0.050

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFI (Details) - Level 3	Jun. 30, 2026	Dec. 31, 2025
Minimum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.055	0.065
Minimum \| Annualized net charge-off rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.003	0.041
Minimum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.183	0.196
Maximum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.112	0.085
Maximum \| Annualized net charge-off rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.134	0.191
Maximum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.465	0.211
Weighted Average \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.071	0.070
Weighted Average \| Annualized net charge-off rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.050	0.074
Weighted Average \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.254	0.200

Regulatory Requirements (Tables)

6 Months Ended

Jun. 30, 2026

Regulated Operations [Abstract]

Schedule of Regulatory Capital Amounts and Ratios

The following table presents the actual capital amounts and ratios of the Company and Happen Bank as well as the regulatory minimum and “well capitalized” requirements (dollars in millions):


	June 30, 2026				December 31, 2025				Required Minimum(1)		Well-Capitalized Minimum
	Amount		Ratio		Amount		Ratio
Happen, Inc.:
CET1 capital(2)	$	1,436.2	16.9	%	$	1,342.6	17.4	%	7.0	%	N/A
Tier 1 capital	$	1,436.2	16.9	%	$	1,342.6	17.4	%	8.5	%	6.0	%
Total capital	$	1,543.5	18.2	%	$	1,441.0	18.7	%	10.5	%	10.0	%
Tier 1 leverage	$	1,436.2	11.9	%	$	1,342.6	12.0	%	4.0	%	N/A
Risk-weighted assets	$	8,499.0	N/A		$	7,696.1	N/A		N/A		N/A
Quarterly adjusted average assets	$	12,048.2	N/A		$	11,174.0	N/A		N/A		N/A

Happen Bank:
CET1 capital(2)	$	1,315.7	15.6	%	$	1,183.9	15.5	%	7.0	%	6.5	%
Tier 1 capital	$	1,315.7	15.6	%	$	1,183.9	15.5	%	8.5	%	8.0	%
Total capital	$	1,422.4	16.8	%	$	1,281.8	16.8	%	10.5	%	10.0	%
Tier 1 leverage	$	1,315.7	11.0	%	$	1,183.9	10.7	%	4.0	%	5.0	%
Risk-weighted assets	$	8,452.0	N/A		$	7,652.0	N/A		N/A		N/A
Quarterly adjusted average assets	$	11,987.1	N/A		$	11,090.4	N/A		N/A		N/A

N/A – Not applicable

(1) Required minimums presented for risk-based capital ratios include the required capital conservation buffer of 2.5%.

(2) CET1 capital consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including deductions for goodwill and other intangible assets.

Fair Value Measurements - Schedule of Loans HFS at Fair Value Activity and Aggregate Fair Value of HFS Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value unrealized gains (losses)	$ 3,900	$ 1,000	$ 27,200	$ 4,500
Fair value of loans held for investment	1,773,052		1,773,052		$ 1,762,396
Loans Held For Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	1,836,121	703,378	1,762,396	636,352
Originations	2,033,047	1,654,313	3,735,730	2,918,045
Sales	(1,815,442)	(1,217,166)	(3,199,716)	(2,314,095)
Principal payments	(214,534)	(101,107)	(400,955)	(169,662)
Realized charge-offs, net of recoveries, recorded in earnings	(18,494)	(4,663)	(30,560)	(11,367)
Fair value adjustments recorded in earnings	(47,646)	(26,587)	(93,843)	(51,105)
Fair value at end of period	1,773,052	$ 1,008,168	1,773,052	$ 1,008,168
Aggregate unpaid principal balance	1,833,689		1,833,689		1,795,818
Cumulative fair value adjustments	(60,637)		(60,637)		(33,422)
Fair value of loans held for investment	1,773,052		1,773,052		1,762,396
Loans Held For Sale \| 90 or more days past due
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	7,048		7,048		3,931
Cumulative fair value adjustments	(5,751)		(5,751)		(3,176)
Fair value of loans held for investment	$ 1,297		$ 1,297		$ 755

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Servicing Assets (Details) - Level 3	Jun. 30, 2026	Dec. 31, 2025
Minimum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.089	0.089
Minimum \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.034	0.033
Minimum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.197	0.199
Minimum \| Market servicing rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.0058	0.0058
Maximum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.162	0.162
Maximum \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.128	0.195
Maximum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.277	0.259
Maximum \| Market servicing rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.0058	0.0058
Weighted Average \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.103	0.104
Weighted Average \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.061	0.065
Weighted Average \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.260	0.246
Weighted Average \| Market servicing rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	0.0058	0.0058

Loans - Schedule of Consumer Lending Credit Quality Indicators and Commercial Lending Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Term Loans and Leases by Origination Year
Total	$ 3,186,145	$ 4,272,812
Loans and leases held for investment
Term Loans and Leases by Origination Year
Portfolio layer method basis adjustment - increase (decrease)	400	1,597
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method
Term Loans and Leases by Origination Year
Year 1		1,896,796
Year 2	1,410,159	805,532
Year 3	547,812	379,062
Year 4	236,754	362,541
Year 5	225,751	95,729
Prior	124,380	62,291
Total	2,544,856	3,601,951
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Unsecured consumer
Term Loans and Leases by Origination Year
Year 1		1,761,554
Year 2	1,305,369	757,659
Year 3	513,435	335,672
Year 4	206,872	293,378
Year 5	168,225	41,570
Prior	12,717	0
Total	2,206,618	3,189,833
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Residential mortgages
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	40,931
Year 5	39,964	50,129
Prior	107,496	60,013
Total	147,460	151,073
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Secured consumer
Term Loans and Leases by Origination Year
Year 1		135,242
Year 2	104,790	47,873
Year 3	34,377	43,390
Year 4	29,882	28,232
Year 5	17,562	4,030
Prior	4,167	2,278
Total	190,778	261,045
Commercial
Term Loans and Leases by Origination Year
Year 1		117,723
Year 2	120,265	67,487
Year 3	65,821	90,371
Year 4	87,429	159,824
Year 5	151,709	73,459
Prior	215,669	160,400
Total	640,893	669,264
Commercial \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	139,177	148,333
Commercial \| Equipment finance
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	24,566
Year 5	21,527	5,429
Prior	11,722	9,762
Total	33,249	39,757
Commercial \| Equipment finance \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Equipment finance \| Pass
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	21,283
Year 5	18,817	1,990
Prior	8,961	9,762
Total	27,778	33,035
Commercial \| Equipment finance \| Pass \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Equipment finance \| Special mention
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	2,587
Year 5	2,016	227
Prior	33	0
Total	2,049	2,814
Commercial \| Equipment finance \| Special mention \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Equipment finance \| Substandard
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	3,212
Prior	2,728	0
Total	2,728	3,212
Commercial \| Equipment finance \| Substandard \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Equipment finance \| Doubtful
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	696
Year 5	694	0
Prior	0	0
Total	694	696
Commercial \| Equipment finance \| Doubtful \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Equipment finance \| Loss
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	0	0
Commercial \| Equipment finance \| Loss \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
Year 1		95,736
Year 2	96,288	36,356
Year 3	36,015	63,750
Year 4	63,273	96,320
Year 5	94,417	41,156
Prior	170,210	139,171
Total	460,203	472,489
Commercial \| Commercial real estate \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	35,724	39,507
Commercial \| Commercial real estate \| Pass
Term Loans and Leases by Origination Year
Year 1		95,736
Year 2	96,288	36,356
Year 3	35,495	63,750
Year 4	63,273	94,771
Year 5	92,421	32,452
Prior	147,568	121,231
Total	435,045	444,296
Commercial \| Commercial real estate \| Pass \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	29,645	30,959
Commercial \| Commercial real estate \| Special mention
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	520	0
Year 4	0	0
Year 5	453	0
Prior	5,967	6,088
Total	6,940	6,088
Commercial \| Commercial real estate \| Special mention \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	709	0
Commercial \| Commercial real estate \| Substandard
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	428
Year 5	422	8,433
Prior	15,980	11,370
Total	16,402	20,231
Commercial \| Commercial real estate \| Substandard \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	3,834	7,005
Commercial \| Commercial real estate \| Doubtful
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	60	61
Total	60	61
Commercial \| Commercial real estate \| Doubtful \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial \| Commercial real estate \| Loss
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	1,121
Year 5	1,121	271
Prior	635	421
Total	1,756	1,813
Commercial \| Commercial real estate \| Loss \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	1,536	1,543
Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
Year 1		21,987
Year 2	23,977	31,131
Year 3	29,806	26,621
Year 4	24,156	38,938
Year 5	35,765	26,874
Prior	33,737	11,467
Total	147,441	157,018
Commercial \| Commercial and industrial \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	103,453	108,826
Commercial \| Commercial and industrial \| Pass
Term Loans and Leases by Origination Year
Year 1		21,987
Year 2	23,977	28,942
Year 3	26,420	16,580
Year 4	13,198	18,108
Year 5	12,056	19,441
Prior	25,422	7,879
Total	101,073	112,937
Commercial \| Commercial and industrial \| Pass \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	68,584	75,216
Commercial \| Commercial and industrial \| Special mention
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	8,535
Year 5	5,876	2,959
Prior	0	67
Total	5,876	11,561
Commercial \| Commercial and industrial \| Special mention \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	4,499	9,264
Commercial \| Commercial and industrial \| Substandard
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	1,438
Year 3	2,635	8,275
Year 4	9,175	5,153
Year 5	11,238	3,126
Prior	6,872	3,010
Total	29,920	21,002
Commercial \| Commercial and industrial \| Substandard \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	20,677	13,790
Commercial \| Commercial and industrial \| Doubtful
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	3,456
Year 5	2,880	1,348
Prior	1,443	511
Total	4,323	5,315
Commercial \| Commercial and industrial \| Doubtful \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	3,444	4,353
Commercial \| Commercial and industrial \| Loss
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	751
Year 3	751	1,766
Year 4	1,783	3,686
Year 5	3,715	0
Prior	0	0
Total	6,249	6,203
Commercial \| Commercial and industrial \| Loss \| Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	6,249	6,203
Current \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Unsecured consumer
Term Loans and Leases by Origination Year
Year 1		1,741,108
Year 2	1,285,108	740,483
Year 3	501,367	326,147
Year 4	201,392	283,513
Year 5	163,284	39,605
Prior	11,819	0
Total	2,162,970	3,130,856
Current \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Residential mortgages
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	40,931
Year 5	39,964	50,129
Prior	106,534	59,039
Total	146,498	150,099
Current \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Secured consumer
Term Loans and Leases by Origination Year
Year 1		134,255
Year 2	103,550	47,453
Year 3	34,012	42,332
Year 4	29,314	26,961
Year 5	16,854	3,769
Prior	3,999	2,278
Total	187,729	257,048
Current \| Commercial
Term Loans and Leases by Origination Year
Total	600,655	630,806
Current \| Commercial \| Equipment finance
Term Loans and Leases by Origination Year
Total	29,827	35,973
Current \| Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
Total	452,065	461,307
Current \| Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
Total	118,763	133,526
30-59 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Unsecured consumer
Term Loans and Leases by Origination Year
Year 1		9,084
Year 2	7,453	5,680
Year 3	4,833	3,533
Year 4	2,130	3,591
Year 5	1,802	603
Prior	340	0
Total	16,558	22,491
30-59 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Residential mortgages
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	0	0
30-59 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Secured consumer
Term Loans and Leases by Origination Year
Year 1		778
Year 2	871	261
Year 3	246	816
Year 4	413	941
Year 5	543	210
Prior	126	0
Total	2,199	3,006
30-59 days past due \| Commercial
Term Loans and Leases by Origination Year
Total	4,325	2,236
30-59 days past due \| Commercial \| Equipment finance
Term Loans and Leases by Origination Year
Total	0	696
30-59 days past due \| Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
Total	1,765	0
30-59 days past due \| Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
Total	2,560	1,540
60-89 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Unsecured consumer
Term Loans and Leases by Origination Year
Year 1		6,500
Year 2	6,663	5,447
Year 3	3,628	2,887
Year 4	1,664	3,051
Year 5	1,617	665
Prior	246	0
Total	13,818	18,550
60-89 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Residential mortgages
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	888
Total	0	888
60-89 days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Secured consumer
Term Loans and Leases by Origination Year
Year 1		131
Year 2	308	128
Year 3	119	109
Year 4	133	177
Year 5	121	51
Prior	20	0
Total	701	596
60-89 days past due \| Commercial
Term Loans and Leases by Origination Year
Total	2,888	1,878
60-89 days past due \| Commercial \| Equipment finance
Term Loans and Leases by Origination Year
Total	0	0
60-89 days past due \| Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
Total	0	0
60-89 days past due \| Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
Total	2,888	1,878
90 or more days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Unsecured consumer
Term Loans and Leases by Origination Year
Year 1		4,862
Year 2	6,145	6,049
Year 3	3,607	3,105
Year 4	1,686	3,223
Year 5	1,522	697
Prior	312	0
Total	13,272	17,936
90 or more days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Residential mortgages
Term Loans and Leases by Origination Year
Year 1		0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	962	86
Total	962	86
90 or more days past due \| Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method \| Secured consumer
Term Loans and Leases by Origination Year
Year 1		78
Year 2	61	31
Year 3	0	133
Year 4	22	153
Year 5	44	0
Prior	22	0
Total	149	395
90 or more days past due \| Commercial
Term Loans and Leases by Origination Year
Total	33,025	34,344
90 or more days past due \| Commercial \| Equipment finance
Term Loans and Leases by Origination Year
Total	3,422	3,088
90 or more days past due \| Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
Total	6,373	11,182
90 or more days past due \| Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
Total	$ 23,230	$ 20,074

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Securities available for sale at amortized cost	$ 4,103,026	$ 3,733,780
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	115,407,464	115,368,987
Common stock, shares outstanding (in shares)	115,407,464	115,368,987

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

+ Details

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Lessee, Lease, Description [Line Items]
Net lease costs	$ 1.6	$ 2.7	$ 4.4	$ 5.5
Lessor operating leases, extension term	5 years		5 years
Minimum
Lessee, Lease, Description [Line Items]
Lessee operating lease, lease term	2 years		2 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee operating lease, lease term	3 years		3 years

Segment Reporting

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Reporting

Reportable Segments

The Company defines operating segments to be components of the Company for which discrete financial information is evaluated regularly by the Chief Operating Decision Maker (CODM) to allocate resources and evaluate financial performance. The measure of segment profit used by the CODM in this evaluation is net income. The CODM consists of the Company’s Chief Executive Officer and Chief Financial Officer. This information is reviewed according to the legal organizational structure of the Company’s operations with products and services presented separately for the parent bank holding company and its wholly-owned subsidiary, Happen Bank, which are both considered reportable segments. Income taxes are recorded on a separate entity basis whereby each operating segment determines income tax expense or benefit as if it filed a separate tax return.

Happen Bank

The Happen Bank operating segment represents the national bank legal entity and reflects operating activities after its formation. This segment provides a full complement of financial products and solutions, including loans and deposits. It originates loans to individuals and businesses, retains loans for investment, sells loans to marketplace investors and manages relationships with deposit holders.

Happen, Inc. (Parent Only)

The Happen, Inc. (Parent only) operating segment represents the holding company legal entity and predominately reflects the operations of the Company prior to the formation of Happen Bank. This activity includes, but is not limited to, servicing fee revenue on purchased servicing assets, and interest income and interest expense related to transactions entered into prior to Happen Bank’s formation.

Financial information for the segments is presented in the following tables:


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments

Three Months Ended June 30,	2026		2025		2026		2025		2026		2025
Interest income:
Interest income	$	268,709	$	236,958	$	226	$	139	$	268,935	$	237,097
Interest expense	(89,918)		(82,848)		—		—		(89,918)		(82,848)
Net interest income	178,791		154,110		226		139		179,017		154,249

Non-interest income:

Origination fees(1)	163,656		87,574		350		4		164,006		87,578
Servicing fees(1)	5,638		2,512		5,147		7,652		10,785		10,164
Gain on sales of loans(1)	21,461		13,540		—		—		21,461		13,540
Net fair value adjustments(1)	(121,594)		(30,202)		449		2,333		(121,145)		(27,869)
Other non-interest income	11,317		14,095		1,677		1,789		12,994		15,884
Total non-interest income	80,478		87,519		7,623		11,778		88,101		99,297

Total net revenue	259,269		241,629		7,849		11,917		267,118		253,546

Provision for credit losses	10,917		(39,733)		—		—		10,917		(39,733)

Non-interest expense:
Compensation and benefits	(66,728)		(60,207)		(1,493)		(1,782)		(68,221)		(61,989)
Marketing	(62,580)		(33,580)		—		—		(62,580)		(33,580)
Equipment and software	(15,814)		(14,474)		(32)		(21)		(15,846)		(14,495)
Depreciation and amortization	(17,742)		(14,251)		(410)		(1,209)		(18,152)		(15,460)
Professional services	(11,759)		(10,019)		(230)		(281)		(11,989)		(10,300)
Occupancy	(3,639)		(2,845)		(1,343)		(1,942)		(4,982)		(4,787)
Other non-interest expense	(16,928)		(15,557)		(3,680)		(3,661)		(20,608)		(19,218)
Total non-interest expense	(195,190)		(150,933)		(7,188)		(8,896)		(202,378)		(159,829)

Income tax expense	(17,174)		(13,534)		(335)		(2,272)		(17,509)		(15,806)
Net income(2)	$	57,822	$	37,429	$	326	$	749	$	58,148	$	38,178
Capital expenditures	$	27,967	$	90,694	$	—	$	—	$	27,967	$	90,694

(1) Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

(2) Total net income from reportable segments reflects net income on a consolidated basis.


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments

Six Months Ended June 30,	2026		2025		2026		2025		2026		2025
Interest income:
Interest income	$	529,654	$	468,713	$	488	$	443	$	530,142	$	469,156
Interest expense	(174,891)		(164,950)		—		—		(174,891)		(164,950)
Net interest income	354,763		303,763		488		443		355,251		304,206

Non-interest income:

Origination fees(1)	293,644		157,507		450		15		294,094		157,522
Servicing fees(1)	10,980		2,710		10,138		12,564		21,118		15,274
Gain on sales of loans(1)	37,730		25,742		—		—		37,730		25,742
Net fair value adjustments(1)	(211,260)		(60,325)		1,190		3,205		(210,070)		(57,120)
Other non-interest income	22,447		27,036		3,805		3,780		26,252		30,816
Total non-interest income	153,541		152,670		15,583		19,564		169,124		172,234

Total net revenue	508,304		456,433		16,071		20,007		524,375		476,440

Provision for credit losses	10,527		(97,882)		—		—		10,527		(97,882)

Non-interest expense:
Compensation and benefits	(130,823)		(117,070)		(2,912)		(3,308)		(133,735)		(120,378)
Marketing	(117,995)		(62,819)		—		—		(117,995)		(62,819)
Equipment and software	(31,107)		(29,093)		(32)		(46)		(31,139)		(29,139)
Depreciation and amortization	(32,734)		(26,794)		(1,237)		(2,575)		(33,971)		(29,369)
Professional services	(23,446)		(19,656)		(310)		(408)		(23,756)		(20,064)
Occupancy	(7,610)		(5,246)		(3,763)		(3,886)		(11,373)		(9,132)
Other non-interest expense	(34,224)		(30,004)		(5,724)		(7,974)		(39,948)		(37,978)
Total non-interest expense	(377,939)		(290,682)		(13,978)		(18,197)		(391,917)		(308,879)

Income tax expense	(32,069)		(18,406)		(1,165)		(1,424)		(33,234)		(19,830)
Net income(2)	$	108,823	$	49,463	$	928	$	386	$	109,751	$	49,849
Capital expenditures	$	53,751	$	103,760	$	—	$	—	$	53,751	$	103,760

(1) Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

(2) Total net income from reportable segments reflects net income on a consolidated basis.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Total net revenue – reportable segments	$	267,118	$	253,546	$	524,375	$	476,440
Intercompany eliminations	(4,263)		(5,111)		(9,269)		(10,294)
Total net revenue – consolidated	$	262,855	$	248,435	$	515,106	$	466,146

Each expense item reported above represents the Company’s “significant segment expenses” as they are separately evaluated by the CODM, with the exception of “Other non-interest expense” which represents “other segment items” and encompasses various miscellaneous operating expenses.


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments
	June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Assets
Total cash and cash equivalents	$	899,767	$	901,246	$	100,930	$	127,087	$	1,000,697	$	1,028,333
Restricted cash	—		—		16,557		16,659		16,557		16,659
Securities available for sale at fair value	4,036,374		3,696,626		10,387		10,083		4,046,761		3,706,709
Loans held for sale at fair value	1,773,052		1,762,396		—		—		1,773,052		1,762,396
Loans held for investment at fair value	2,084,515		472,301		551		1,013		2,085,066		473,314
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069		—		—		2,993,252		3,997,069


Property, equipment and software, net	273,467		250,168		2,987		3,920		276,454		254,088
Investment in subsidiary	—		—		938,499		903,339		938,499		903,339
Goodwill	75,717		75,717		—		—		75,717		75,717
Other assets	340,699		316,488		33,683		72,323		374,382		388,811
Total assets	12,476,843		11,472,011		1,103,594		1,134,424		13,580,437		12,606,435
Liabilities and Equity
Total deposits	10,854,299		9,948,426		—		—		10,854,299		9,948,426




Other liabilities	193,744		217,930		26,430		36,313		220,174		254,243
Total liabilities	11,048,043		10,166,356		26,430		36,313		11,074,473		10,202,669
Total equity	1,428,800		1,305,655		1,077,164		1,098,111		2,505,964		2,403,766
Total liabilities and equity	$	12,476,843	$	11,472,011	$	1,103,594	$	1,134,424	$	13,580,437	$	12,606,435


	June 30, 2026		December 31, 2025
Total assets – reportable segments	$	13,580,437	$	12,606,435
Intercompany eliminations	(1,031,397)		(1,038,619)
Total assets – consolidated	$	12,549,040	$	11,567,816


	June 30, 2026		December 31, 2025
Total liabilities and equity – reportable segments	$	13,580,437	$	12,606,435
Intercompany eliminations – liabilities	(92,898)		(135,281)
Intercompany eliminations – equity	(938,499)		(903,338)
Total liabilities and equity – consolidated	$	12,549,040	$	11,567,816

Concentration and Geographic Information

No individual borrower or marketplace investor accounted for 10% or more of total net revenue for any of the periods presented. All of the Company’s revenue is generated in the United States, and all of the long-lived assets are based in the United States.

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

+ Details

Leases - Schedule of Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Rental income	$ 1,415	$ 1,854	$ 3,407	$ 1,854

Other Assets (Tables)

6 Months Ended

Jun. 30, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets

Other assets consist of the following:


	June 30, 2026		December 31, 2025
Deferred tax assets, net(1)	$	91,683	$	96,159
Servicing assets(2)	73,066		65,326
Nonmarketable equity investments	49,153		48,462
Accrued interest receivable	46,929		43,918
Operating lease assets	9,403		12,942
Intangible assets, net(3)	6,033		7,419
Other	94,249		93,860
Total other assets	$	370,516	$	368,086

(1) See “Note 15. Income Taxes” for additional detail.

(2) Loans underlying servicing assets had a total outstanding principal balance of $8.3 billion and $7.6 billion as of June 30, 2026 and December 31, 2025, respectively.

(3) See “Note 9. Goodwill and Intangible Assets” for additional detail.

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Servicing Assets to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 72,974	$ 67,078	$ 65,167	$ 57,909	$ 56,904	$ 60,697
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	72,974		65,167
Level 3 \| Servicing Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 72,974		$ 65,167
Expected remaining weighted-average life (in years)	1 year 2 months 12 days		1 year 2 months 12 days
Discount rate:
Discount rates, impact of 100 basis point increase	$ (648)		$ (567)
Discount rates, impact of 200 basis point increase	(1,296)		(1,134)
Annualized net charge-off rate:
Expected credit loss on rates on underlying loans, 10% adverse change	(573)		(536)
Expected credit loss on rates on underlying loans, 20% adverse change	(1,146)		(1,071)
Annualized prepayment rate:
Expected prepayment rates, 10% adverse change	(2,212)		(1,892)
Expected prepayment rates, 20% adverse change	$ (4,424)		$ (3,785)

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Intangible Assets (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Intangible Asset, Goodwill and Other [Abstract]
2026	$ 1,250
2027	1,943
2028	1,179
2029	729
2030	456
Thereafter	476
Net carrying value	$ 6,033

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash Flows from Operating Activities:

Net income

$ 109,751

$ 49,849

Adjustments to reconcile net income to net cash used for operating activities:

Net fair value adjustments

^[1]

210,070

57,120

Change in fair value of loan servicing assets

32,411

30,723

Gain on sales of loans

(37,730)

(25,742)

Provision for credit losses

(10,527)

97,882

Accretion of deferred origination fees and marketing costs

(26,343)

(31,547)

Stock-based compensation, net

14,528

17,584

Depreciation and amortization

33,971

29,369

Other, net

120

5,893

Net change to loans held for sale

(1,518,806)

(1,317,153)

Net change in operating assets and liabilities:

Other assets

14,874

24,077

Other liabilities

(14,199)

9,595

Net cash used for operating activities

(1,191,880)

(1,052,350)

Cash Flows from Investing Activities:

Net change in loans and leases held for investment

(663,906)

85,143

Purchases of securities available for sale

(67,196)

(6,202)

Proceeds from maturities and paydowns of securities available for sale

1,081,630

815,390

Purchases of property, equipment and software, net

(53,751)

(103,760)

Other investing activities

(691)

(3,088)

Net cash provided by investing activities

296,086

787,483

Cash Flows from Financing Activities:

Net change in deposits

931,955

65,953

Net issuances under equity incentive plans

(17,955)

(4,161)

Share repurchases

(20,421)

Net cash provided by financing activities

893,579

61,792

Net decrease in cash, cash equivalents and restricted cash

(2,215)

(203,075)

Cash, cash equivalents and restricted cash, beginning of period

930,437

977,396

Cash, cash equivalents and restricted cash, end of period

928,222

774,321

Supplemental cash flow information:

Cash paid for interest

172,131

165,439

Cash paid for income taxes

3,497

2,459

Cash paid for operating leases included in the measurement of lease liabilities

4,602

6,693

Supplemental non-cash investing activity:

Net securities retained from Structured Program transactions

$ 1,381,832

$ 880,511

[1]	Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

Fair Value Measurements - Schedule of Servicing Assets at Fair Value Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	$ 67,078	$ 56,904	$ 65,167	$ 60,697
Issuances	22,733	14,670	40,218	27,935
Change in fair value	(16,837)	(13,665)	(32,411)	(30,723)
Fair value at end of period	$ 72,974	$ 57,909	$ 72,974	$ 57,909

- Definition

Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-1

+ Details

Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net	$ 91,683	$ 96,159
Servicing assets	73,066	65,326
Nonmarketable equity investments	49,153	48,462
Accrued interest receivable	46,929	43,918
Operating lease assets	9,403	12,942
Intangible assets, net	6,033	7,419
Other	94,249	93,860
Total other assets	370,516	368,086
Principal balance of underlying loan servicing rights	$ 8,300,000	$ 7,600,000

Property, Equipment and Software, Net

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Property, Equipment and Software, Net

Property, equipment and software, net, consist of the following:


	June 30, 2026		December 31, 2025
Software(1)	$	263,966	$	259,773
Land, building and building improvements(2)	97,569		81,601
Leasehold improvements	10,157		30,686
Computer equipment	7,528		5,829
Furniture and fixtures	4,469		5,554
Total property, equipment and software	383,689		383,443
Accumulated depreciation and amortization	(107,235)		(129,355)
Total property, equipment and software, net	$	276,454	$	254,088

(1) Includes $36.0 million and $28.3 million of development in progress for internally-developed software and $6.9 million and $6.8 million of development in progress to customize purchased software as of June 30, 2026 and December 31, 2025, respectively.

(2) Includes $7.7 million of building improvements in progress as December 31, 2025.

Depreciation and amortization expense on property, equipment and software was $15.4 million and $30.5 million for the second quarter and first half of 2026, respectively. Depreciation and amortization expense on property, equipment and software was $14.8 million and $27.9 million for the second quarter and first half of 2025, respectively.

The Company recognized impairment expense of $2.1 million on its internally-developed software for the second quarter and first half of 2026. This was recorded within “Depreciation and amortization” expense on the Income Statement. No impairment expense was recorded for the second quarter and first half of 2025.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Other Asset-Backed Securities to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 4,046,761	$ 3,706,709
Other asset-backed securities related to Structured Program transactions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	257,820	219,370
Discount rate:
100 basis point increase	(2,706)	(2,285)
200 basis point increase	(5,361)	(4,529)
Annualized net charge-off rate:
10% increase	(2,793)	(2,077)
20% increase	(5,617)	(4,112)
Annualized prepayment rate:
10% increase	(1,148)	(674)
20% increase	$ (2,136)	$ (1,227)
Other asset-backed securities related to Structured Program transactions \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 1 month 6 days	1 year 2 months 12 days

Regulatory Requirements - Narrative (Details) $ in Millions	3 Months Ended
Regulatory Requirements - Narrative (Details) $ in Millions	Mar. 31, 2025 USD ($)
Happen Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash dividends paid	$ 50

Leases - Schedule of Weighted-Average Remaining Lease Term and Discount Rate (Details)	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Weighted-average remaining lease term (in years)	2 years 6 months 14 days	2 years 7 months 20 days
Weighted-average discount rate	4.32%	4.56%

Loans - Schedule of Loans and Leases Held for Investment at Amortized Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	$ 3,186,145		$ 4,272,812
Allowance for loan and lease losses	(192,893)	$ (237,697)	(275,743)	$ (252,989)	$ (244,193)	$ (236,734)
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069
Accrued interest	13,400		17,900
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	2,545,252		3,603,548
Allowance for loan and lease losses	(176,727)	(221,196)	(258,811)	(237,433)	(227,608)	(212,598)
Consumer \| Unsecured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	2,207,014		3,191,430
Consumer \| Residential mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	147,460		151,073
Consumer \| Secured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	190,778		261,045
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	640,893		669,264
Allowance for loan and lease losses	(16,166)	$ (16,501)	(16,932)	$ (15,556)	$ (16,585)	$ (24,136)
Commercial \| Equipment finance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	33,249		39,757
Commercial \| Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	460,203		472,489
Commercial \| Commercial real estate \| Office
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	35,000		35,000
Commercial \| Commercial real estate \| Small Business Association loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	279,600		286,800
Commercial \| Commercial and industrial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	$ 147,441		$ 157,018

Securities Available for Sale - Schedule of AFS Securities with Unrealized Losses, Aggregated by Period of Continuous Unrealized Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 1,904,820	$ 118,995
Unrealized Losses, Less than 12 months	(9,685)	(1,315)
Fair Value, 12 months or longer	328,301	327,048
Unrealized Losses, 12 months or longer	(51,827)	(48,900)
Fair Value	2,233,121	446,043
Unrealized Losses	(61,512)	(50,215)
Senior asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	1,662,202
Unrealized Losses, Less than 12 months	(5,394)
Fair Value, 12 months or longer	0
Unrealized Losses, 12 months or longer	0
Fair Value	1,662,202
Unrealized Losses	(5,394)
U.S. agency residential mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	57,131	20,017
Unrealized Losses, Less than 12 months	(1,041)	(266)
Fair Value, 12 months or longer	172,276	181,150
Unrealized Losses, 12 months or longer	(33,037)	(32,030)
Fair Value	229,407	201,167
Unrealized Losses	(34,078)	(32,296)
Other asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	158,040	95,494
Unrealized Losses, Less than 12 months	(2,926)	(1,034)
Fair Value, 12 months or longer	44,543	23,719
Unrealized Losses, 12 months or longer	(1,555)	(333)
Fair Value	202,583	119,213
Unrealized Losses	(4,481)	(1,367)
U.S. agency securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	0	0
Unrealized Losses, Less than 12 months	0	0
Fair Value, 12 months or longer	70,282	73,862
Unrealized Losses, 12 months or longer	(11,185)	(10,602)
Fair Value	70,282	73,862
Unrealized Losses	(11,185)	(10,602)
Mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	21,519	1,874
Unrealized Losses, Less than 12 months	(260)	(5)
Fair Value, 12 months or longer	30,184	36,167
Unrealized Losses, 12 months or longer	(5,138)	(4,956)
Fair Value	51,703	38,041
Unrealized Losses	(5,398)	(4,961)
Municipal securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	0	0
Unrealized Losses, Less than 12 months	0	0
Fair Value, 12 months or longer	2,678	2,606
Unrealized Losses, 12 months or longer	(527)	(609)
Fair Value	2,678	2,606
Unrealized Losses	(527)	(609)
Other securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	5,928	1,610
Unrealized Losses, Less than 12 months	(64)	(10)
Fair Value, 12 months or longer	8,338	9,544
Unrealized Losses, 12 months or longer	(385)	(370)
Fair Value	14,266	11,154
Unrealized Losses	$ (449)	$ (380)

Securities Available for Sale (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of AFS Securities

The amortized cost, gross unrealized gains and losses, and fair value of available for sale (AFS) securities were as follows:


June 30, 2026	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Senior asset-backed securities related to Structured Program transactions(1)	$	3,390,657	$	8,791	$	(5,394)	$	—	$	3,394,054
Other asset-backed securities related to Structured Program transactions(2)	266,096		186		(4,481)		(3,981)		257,820
U.S. agency residential mortgage-backed securities	277,218		235		(34,078)		—		243,375
U.S. agency securities	81,467		—		(11,185)		—		70,282
Mortgage-backed securities	59,188		16		(5,398)		—		53,806
Municipal securities	3,205		—		(527)		—		2,678
Other securities	25,195		—		(449)		—		24,746

Total securities available for sale	$	4,103,026	$	9,228	$	(61,512)	$	(3,981)	$	4,046,761


December 31, 2025	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Senior asset-backed securities related to Structured Program transactions(1)	$	3,065,885	$	26,525	$	—	$	—	$	3,092,410
Other asset-backed securities related to Structured Program transactions(2)	224,802		28		(1,367)		(4,093)		219,370
U.S. agency residential mortgage-backed securities	267,853		504		(32,296)		—		236,061
U.S. agency securities	84,464		—		(10,602)		—		73,862
Mortgage-backed securities	60,423		135		(4,961)		—		55,597
Municipal securities	3,215		—		(609)		—		2,606
Other securities	27,138		45		(380)		—		26,803






Total securities available for sale	$	3,733,780	$	27,237	$	(50,215)	$	(4,093)	$	3,706,709

(1) Excludes the basis adjustment for securities previously designated in fair value hedges under the portfolio layer method. See “Note 7. Derivative Instruments and Hedging Activities” for additional information.

(2) As of June 30, 2026 and December 31, 2025, $226.7 million and $200.0 million, respectively, of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules.

Schedule of AFS Securities with Unrealized Losses, Aggregated by Period of Continuous Unrealized Loss

A summary of AFS securities with unrealized losses, aggregated by period of continuous unrealized loss, is as follows:


	Less than 12 months				12 months or longer				Total
June 30, 2026	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Senior asset-backed securities related to Structured Program transactions	$	1,662,202	$	(5,394)	$	—	$	—	$	1,662,202	$	(5,394)
U.S. agency residential mortgage-backed securities	57,131		(1,041)		172,276		(33,037)		229,407		(34,078)
Other asset-backed securities related to Structured Program transactions	158,040		(2,926)		44,543		(1,555)		202,583		(4,481)
U.S. agency securities	—		—		70,282		(11,185)		70,282		(11,185)
Mortgage-backed securities	21,519		(260)		30,184		(5,138)		51,703		(5,398)
Municipal securities	—		—		2,678		(527)		2,678		(527)
Other securities	5,928		(64)		8,338		(385)		14,266		(449)

Total securities with unrealized losses	$	1,904,820	$	(9,685)	$	328,301	$	(51,827)	$	2,233,121	$	(61,512)


	Less than 12 months				12 months or longer				Total
December 31, 2025	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

U.S. agency residential mortgage-backed securities	$	20,017	$	(266)	$	181,150	$	(32,030)	$	201,167	$	(32,296)
Other asset-backed securities related to Structured Program transactions	95,494		(1,034)		23,719		(333)		119,213		(1,367)
U.S. agency securities	—		—		73,862		(10,602)		73,862		(10,602)
Mortgage-backed securities	1,874		(5)		36,167		(4,956)		38,041		(4,961)
Municipal securities	—		—		2,606		(609)		2,606		(609)
Other securities	1,610		(10)		9,544		(370)		11,154		(380)
Total securities with unrealized losses	$	118,995	$	(1,315)	$	327,048	$	(48,900)	$	446,043	$	(50,215)

Schedule of Activity in Credit Valuation Allowance for AFS Securities

The following table presents the activity in the allowance for credit losses (ACL) for AFS securities, by security type:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, beginning of period	$	3,816	$	4,848	$	4,093	$	3,527
Credit loss expense (benefit) for securities available for sale	165		(819)		(112)		502



Allowance for credit losses, end of period	$	3,981	$	4,029	$	3,981	$	4,029

Schedule of Contractual Maturities of AFS Securities

The contractual maturities of AFS securities were as follows:


June 30, 2026	Amortized Cost		Fair Value		Weighted- average Yield(1)
Due within 1 year:

U.S. agency securities	$	3,000	$	2,978
Total due within 1 year	3,000		2,978		3.00	%
Due after 1 year through 5 years:
Senior asset-backed securities related to Structured Program transactions	3,390,657		3,394,054
Other asset-backed securities related to Structured Program transactions	266,096		257,820
Mortgage-backed securities	2,517		2,370
U.S. agency securities	1,850		1,790
Municipal securities	457		431
U.S. agency residential mortgage-backed securities	101		97
Other securities	10,430		10,430
Total due after 1 year through 5 years	3,672,108		3,666,992		5.98	%
Due after 5 years through 10 years:
U.S. agency securities	39,464		34,844

U.S. agency residential mortgage-backed securities	2,355		2,265
Mortgage-backed securities	863		760
Municipal securities	153		141
Other securities	8,148		8,061
Total due after 5 years through 10 years	50,983		46,071		3.44	%
Due after 10 years:
U.S. agency residential mortgage-backed securities	274,762		241,013
Mortgage-backed securities	55,808		50,676
U.S. agency securities	37,153		30,670
Municipal securities	2,595		2,106
Other securities	6,617		6,255
Total due after 10 years	376,935		330,720		3.15	%
Total securities available for sale	$	4,103,026	$	4,046,761	5.67	%

(1) The weighted-average yield is computed using the average month-end amortized cost during the six months ended June 30, 2026.

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis:


June 30, 2026	Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans held for sale at fair value	$	—	$	—	$	1,773,052	$	1,773,052


Loans held for investment at fair value	—		—		2,085,066		2,085,066
Securities available for sale:
Senior asset-backed securities related to Structured Program transactions	—		—		3,394,054		3,394,054
Other asset-backed securities related to Structured Program transactions	—		—		257,820		257,820
U.S. agency residential mortgage-backed securities	—		243,375		—		243,375
U.S. agency securities	—		70,282		—		70,282
Mortgage-backed securities	—		53,806		—		53,806
Municipal securities	—		2,678		—		2,678
Other securities	—		14,359		10,387		24,746

Total securities available for sale	—		384,500		3,662,261		4,046,761
Servicing assets	—		—		72,974		72,974
Other assets	—		10,820		—		10,820
Total assets	$	—	$	395,320	$	7,593,353	$	7,988,673

Liabilities:



Other liabilities	$	—	$	1,845	$	—	$	1,845
Total liabilities	$	—	$	1,845	$	—	$	1,845


December 31, 2025	Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans held for sale at fair value	$	—	$	—	$	1,762,396	$	1,762,396


Loans held for investment at fair value	—		—		473,314		473,314
Securities available for sale:
Senior asset-backed securities related to Structured Program transactions	—		—		3,092,410		3,092,410
U.S. agency residential mortgage-backed securities	—		236,061		—		236,061
Other asset-backed securities related to Structured Program transactions	—		—		219,370		219,370
U.S. agency securities	—		73,862		—		73,862
Mortgage-backed securities	—		55,597		—		55,597
Municipal securities	—		2,606		—		2,606
Other securities	—		16,720		10,083		26,803

Total securities available for sale	—		384,846		3,321,863		3,706,709
Servicing assets	—		—		65,167		65,167
Other assets	—		2,099		—		2,099
Total assets	$	—	$	386,945	$	5,622,740	$	6,009,685

Liabilities:



Other liabilities	$	—	$	3,918	$	1,865	$	5,783
Total liabilities	$	—	$	3,918	$	1,865	$	5,783

Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets

The following significant unobservable inputs were used in the fair value measurement of HFS loans:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	6.9	%	8.9	%	7.5	%	6.6	%	9.0	%	7.1	%
Annualized net credit loss rate	3.4	%	12.8	%	6.6	%	3.3	%	16.0	%	6.3	%
Annualized prepayment rate	20.3	%	27.8	%	25.9	%	20.5	%	26.0	%	25.5	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

The following significant unobservable inputs were used in the fair value measurement of HFI loans:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	5.5	%	11.2	%	7.1	%	6.5	%	8.5	%	7.0	%
Annualized net charge-off rate	0.3	%	13.4	%	5.0	%	4.1	%	19.1	%	7.4	%
Annualized prepayment rate	18.3	%	46.5	%	25.4	%	19.6	%	21.1	%	20.0	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average		Minimum		Maximum		Weighted- Average
Discount rate	5.3	%	6.8	%	5.6	%	5.0	%	5.4	%	5.2	%

The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	6.9	%	8.9	%	7.3	%	6.6	%	8.6	%	6.9	%
Annualized net charge-off rate	3.4	%	6.5	%	5.6	%	3.1	%	6.2	%	5.0	%
Annualized prepayment rate	21.5	%	28.0	%	26.6	%	22.8	%	27.4	%	25.8	%

(1) The weighted-average rate is calculated using the principal balance of each security.

The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average		Minimum		Maximum		Weighted- Average
Discount rate	8.9	%	16.2	%	10.3	%	8.9	%	16.2	%	10.4	%
Annualized net charge-off rate(1)	3.4	%	12.8	%	6.1	%	3.3	%	19.5	%	6.5	%
Annualized prepayment rate(1)	19.7	%	27.7	%	26.0	%	19.9	%	25.9	%	24.6	%
Market servicing rate(2)	0.58	%	0.58	%	0.58	%	0.58	%	0.58	%	0.58	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

(2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio.

Schedule of Sensitivity of Loans HFS and Loans HFI at Fair Value to Adverse Changes in Key Assumptions

The sensitivity of HFS loans at fair value to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Loans held for sale at fair value	$	1,773,052	$	1,762,396
Expected remaining weighted-average life (in years)	1.2		1.4
Discount rate:
100 basis point increase	$	(19,743)	$	(21,458)
200 basis point increase	$	(39,096)	$	(42,471)
Annualized net credit loss rate:
10% increase	$	(22,606)	$	(20,970)
20% increase	$	(45,403)	$	(41,766)
Annualized prepayment rate:
10% increase	$	(7,760)	$	(5,703)
20% increase	$	(14,574)	$	(10,546)

The sensitivity of HFI loans at fair value to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Loans held for investment at fair value	$	2,085,066	$	473,314
Expected remaining weighted-average life (in years)	1.6		0.7
Discount rate:
100 basis point increase	$	(29,672)	$	(2,832)
200 basis point increase	$	(58,442)	$	(5,633)
Annualized net credit loss rate:
10% increase	$	(22,396)	$	(5,738)
20% increase	$	(42,903)	$	(13,161)
Annualized prepayment rate:
10% increase	$	(8,147)	$	(2,490)
20% increase	$	(16,582)	$	(4,979)

Schedule of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets at Fair Value Activity

The following table presents the activity for HFS loans at fair value:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	1,836,121	$	703,378	$	1,762,396	$	636,352
Originations	2,033,047		1,654,313		3,735,730		2,918,045
Sales	(1,815,442)		(1,217,166)		(3,199,716)		(2,314,095)
Principal payments	(214,534)		(101,107)		(400,955)		(169,662)

Realized charge-offs, net of recoveries, recorded in earnings	(18,494)		(4,663)		(30,560)		(11,367)
Fair value adjustments recorded in earnings(1)	(47,646)		(26,587)		(93,843)		(51,105)
Fair value at end of period	$	1,773,052	$	1,008,168	$	1,773,052	$	1,008,168

(1) Includes unrealized fair value adjustments related to HFS loans at fair value held at the end of the periods presented of $3.9 million and $1.0 million for the second quarters of 2026 and 2025, respectively, and $27.2 million and $4.5 million for the first halves of 2026 and 2025, respectively.

The following table presents the activity for HFI loans at fair value:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	1,237,850	$	818,882	$	473,314	$	1,027,798
Originations	1,101,924		—		2,049,125		—

Purchases	58,600		—		86,235		12,744
Principal payments	(255,726)		(184,327)		(432,382)		(402,787)

Realized charge-offs, net of recoveries, recorded in earnings	(6,680)		(14,278)		(10,281)		(41,483)
Fair value adjustments recorded in earnings(1)	(50,902)		11,459		(80,945)		35,464


Fair value at end of period	$	2,085,066	$	631,736	$	2,085,066	$	631,736

(1) Represents unrealized fair value adjustments recorded in earnings related to HFI loans at fair value held at the end of the periods presented.

The following table presents the activity for senior asset-backed securities related to Structured Program transactions:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	3,246,380	$	2,869,281	$	3,092,410	$	2,899,824
Additions	686,670		495,771		1,313,260		819,887


Cash received	(527,341)		(398,286)		(988,488)		(749,951)
Change in unrealized loss	(11,655)		(4,291)		(23,128)		(7,285)

Fair value at end of period	$	3,394,054	$	2,962,475	$	3,394,054	$	2,962,475

The following table presents the activity for other asset-backed securities related to Structured Program transactions:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	238,349	$	172,544	$	219,370	$	169,948
Additions	60,030		35,738		112,988		60,624

Cash received	(38,918)		(24,622)		(71,694)		(45,925)
Credit loss (expense) benefit for securities available for sale	(165)		819		112		(502)
Change in unrealized loss	(1,476)		(447)		(2,956)		(113)

Fair value at end of period	$	257,820	$	184,032	$	257,820	$	184,032

The following table presents activity for servicing assets:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	67,078	$	56,904	$	65,167	$	60,697
Issuances(1)	22,733		14,670		40,218		27,935
Change in fair value(2)	(16,837)		(13,665)		(32,411)		(30,723)

Fair value at end of period	$	72,974	$	57,909	$	72,974	$	57,909

(1) Represents the servicing assets recorded when the loans are sold. Included in “Gain on sales of loans” on the Income Statement.

(2) Included in “Net fair value adjustments” on the Income Statement.

Schedule of Aggregate Fair Value of HFS Loans and HFI Loans

The Company’s loan portfolios consist of the following:


	June 30, 2026		December 31, 2025
Loans held for sale at fair value	$	1,773,052	$	1,762,396





Loans held for investment at fair value	2,085,066		473,314












Total loans at fair value	3,858,118		2,235,710

Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069




Total loans and leases	$	6,851,370	$	6,232,779

The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable:


	June 30, 2026		December 31, 2025
Unsecured consumer	$	2,207,014	$	3,191,430
Residential mortgages	147,460		151,073
Secured consumer	190,778		261,045

Total consumer loans held for investment at amortized cost	2,545,252		3,603,548
Equipment finance(1)	33,249		39,757
Commercial real estate(2)(3)	460,203		472,489
Commercial and industrial	147,441		157,018
Total commercial loans and leases held for investment at amortized cost	640,893		669,264
Total loans and leases held for investment at amortized cost(4)	3,186,145		4,272,812
Allowance for loan and lease losses	(192,893)		(275,743)
Loans and leases held for investment at amortized cost, net	$	2,993,252	$	3,997,069

(1) Comprised of sales-type leases for equipment. See “Note 16. Leases” for additional information.

(2) Includes $279.6 million and $286.8 million in loans originated through the Small Business Administration (SBA) as of June 30, 2026 and December 31, 2025, respectively.

(3) As of both June 30, 2026 and December 31, 2025, the Commercial Real Estate (CRE) office loan balance was under $35 million.

(4) Accrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “Other assets” on the Balance Sheet. Net accrued interest receivable related to loans and leases HFI at amortized cost was $13.4 million and $17.9 million as of June 30, 2026 and December 31, 2025, respectively.

The following table presents the components of the allowance for loan and lease losses (ALLL):


	June 30, 2026		December 31, 2025
Gross allowance for loan and lease losses(1)	$	227,500	$	312,667
Recovery asset value(2)	(34,607)		(36,924)
Allowance for loan and lease losses	$	192,893	$	275,743

(1) Represents the allowance for future estimated net charge-offs on existing portfolio balances.

(2) Represents the negative allowance for expected recoveries of amounts previously charged-off.


June 30, 2026	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	2,545,252		$	640,893		$	3,186,145

Allowance for loan and lease losses	$	176,727		$	16,166		$	192,893
Allowance ratio(1)	6.9		%	2.5		%	6.1		%

Gross allowance for loan and lease losses	$	211,334		$	16,166		$	227,500
Gross allowance ratio(1)	8.3		%	2.5		%	7.1		%


December 31, 2025	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	3,603,548		$	669,264		$	4,272,812

Allowance for loan and lease losses	$	258,811		$	16,932		$	275,743
Allowance ratio(1)	7.2		%	2.5		%	6.5		%

Gross allowance for loan and lease losses	$	295,735		$	16,932		$	312,667
Gross allowance ratio(1)	8.2		%	2.5		%	7.3		%

(1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases HFI at amortized cost.

The following table summarizes the aggregate fair value of the Company’s HFS loans as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	1,833,689	$	7,048	$	1,795,818	$	3,931
Cumulative fair value adjustments	(60,637)		(5,751)		(33,422)		(3,176)
Fair value of loans held for sale	$	1,773,052	$	1,297	$	1,762,396	$	755

The following table summarizes the aggregate fair value of the Company’s HFI loans at fair value as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	2,189,229	$	6,292	$	495,649	$	5,177
Cumulative fair value adjustments	(104,163)		(5,171)		(22,335)		(4,183)
Fair value of loans held for investment	$	2,085,066	$	1,121	$	473,314	$	994

Schedule of Sensitivity in the Fair Value of Senior Asset-Backed Securities and Other Asset-Backed Securities to Adverse Changes in Key Assumptions

The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of interests held	$	3,394,054	$	3,092,410
Expected remaining weighted-average life (in years)	1.1		1.1
Discount rate:
100 basis point increase	$	(37,308)	$	(32,467)
200 basis point increase	$	(74,616)	$	(64,934)

The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of interests held	$	257,820	$	219,370
Expected remaining weighted-average life (in years)	1.1		1.2
Discount rate:
100 basis point increase	$	(2,706)	$	(2,285)
200 basis point increase	$	(5,361)	$	(4,529)
Annualized net charge-off rate:
10% increase	$	(2,793)	$	(2,077)
20% increase	$	(5,617)	$	(4,112)
Annualized prepayment rate:
10% increase	$	(1,148)	$	(674)
20% increase	$	(2,136)	$	(1,227)

Schedule of Sensitivity in the Fair Value of Servicing Assets to Adverse Changes in Key Assumptions

The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of servicing assets	$	72,974	$	65,167
Expected remaining weighted-average life (in years)	1.2		1.2
Discount rate:
100 basis point increase	$	(648)	$	(567)
200 basis point increase	$	(1,296)	$	(1,134)
Annualized net charge-off rate:
10% increase	$	(573)	$	(536)
20% increase	$	(1,146)	$	(1,071)
Annualized prepayment rate:
10% increase	$	(2,212)	$	(1,892)
20% increase	$	(4,424)	$	(3,785)

Schedule of Estimated Fair Value of Servicing Assets

The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions:


	June 30, 2026			December 31, 2025
Weighted-average market servicing rate assumptions	0.58		%	0.58		%
Change in fair value from:
Market servicing rate increase by 0.10%	$	(8,123)		$	(7,289)
Market servicing rate decrease by 0.10%	$	8,123		$	7,289

Schedule of Financial Instruments Not Recorded at Fair Value

The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets and liabilities that are not recorded at fair value on a recurring basis:


June 30, 2026	Carrying Amount		Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans and leases held for investment at amortized cost, net	$	2,993,252	$	—	$	—	$	3,161,857	$	3,161,857


Other assets	46,929		—		46,929		—		46,929
Total assets	$	3,040,181	$	—	$	46,929	$	3,161,857	$	3,208,786

Liabilities:
Deposits(1)	$	2,858,839	$	—	$	—	$	2,858,081	$	2,858,081








Other liabilities	37,119		—		14,496		22,623		37,119
Total liabilities	$	2,895,958	$	—	$	14,496	$	2,880,704	$	2,895,200


December 31, 2025	Carrying Amount		Level 1		Level 2		Level 3		Balance at Fair Value
Assets:

Loans and leases held for investment at amortized cost, net	$	3,997,069	$	—	$	—	$	4,251,852	$	4,251,852
Other assets	47,470		—		47,312		453		47,765

Total assets	$	4,044,539	$	—	$	47,312	$	4,252,305	$	4,299,617

Liabilities:
Deposits(1)	$	2,434,422	$	—	$	—	$	2,437,209	$	2,437,209


Other liabilities	40,931		—		11,926		29,005		40,931
Total liabilities	$	2,475,353	$	—	$	11,926	$	2,466,214	$	2,478,140

(1) Excludes deposit liabilities with no defined or contractual maturities.

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Intangible Asset, Finite-Lived [Line Items]
Goodwill	$ 75,717		$ 75,717		$ 75,717
Goodwill impairment	0	$ 0	0	$ 0
Amortization expense	600	700	1,400	1,500
Impairment of intangible assets	$ 0	$ 0	$ 0	$ 0
Minimum
Intangible Asset, Finite-Lived [Line Items]
Intangible assets, amortized period	10 years		10 years
Maximum
Intangible Asset, Finite-Lived [Line Items]
Intangible assets, amortized period	14 years		14 years

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-18

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-24

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 24: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 26: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 29: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 30: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 33: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 34: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 35: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 36: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-1

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483154/926-20-50-5

+ Details

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

+ Details

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

Loans - Schedule of Loan Portfolios (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Receivables [Abstract]
Loans held for sale at fair value	$ 1,773,052	$ 1,762,396
Loans held for investment at fair value	2,085,066	473,314
Fair value of loans held for investment	3,858,118	2,235,710
Loans held for investment at fair value	2,993,252	3,997,069
Total loans and leases	$ 6,851,370	$ 6,232,779

Borrowings - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Debt Disclosure [Abstract]
Debt outstanding	$ 0.0	$ 0.0

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.9-06)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-9

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4

+ Details

Securities Available for Sale

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

The amortized cost, gross unrealized gains and losses, and fair value of available for sale (AFS) securities were as follows:


June 30, 2026	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Senior asset-backed securities related to Structured Program transactions(1)	$	3,390,657	$	8,791	$	(5,394)	$	—	$	3,394,054
Other asset-backed securities related to Structured Program transactions(2)	266,096		186		(4,481)		(3,981)		257,820
U.S. agency residential mortgage-backed securities	277,218		235		(34,078)		—		243,375
U.S. agency securities	81,467		—		(11,185)		—		70,282
Mortgage-backed securities	59,188		16		(5,398)		—		53,806
Municipal securities	3,205		—		(527)		—		2,678
Other securities	25,195		—		(449)		—		24,746

Total securities available for sale	$	4,103,026	$	9,228	$	(61,512)	$	(3,981)	$	4,046,761


December 31, 2025	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Senior asset-backed securities related to Structured Program transactions(1)	$	3,065,885	$	26,525	$	—	$	—	$	3,092,410
Other asset-backed securities related to Structured Program transactions(2)	224,802		28		(1,367)		(4,093)		219,370
U.S. agency residential mortgage-backed securities	267,853		504		(32,296)		—		236,061
U.S. agency securities	84,464		—		(10,602)		—		73,862
Mortgage-backed securities	60,423		135		(4,961)		—		55,597
Municipal securities	3,215		—		(609)		—		2,606
Other securities	27,138		45		(380)		—		26,803






Total securities available for sale	$	3,733,780	$	27,237	$	(50,215)	$	(4,093)	$	3,706,709

A summary of AFS securities with unrealized losses, aggregated by period of continuous unrealized loss, is as follows:


	Less than 12 months				12 months or longer				Total
June 30, 2026	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Senior asset-backed securities related to Structured Program transactions	$	1,662,202	$	(5,394)	$	—	$	—	$	1,662,202	$	(5,394)
U.S. agency residential mortgage-backed securities	57,131		(1,041)		172,276		(33,037)		229,407		(34,078)
Other asset-backed securities related to Structured Program transactions	158,040		(2,926)		44,543		(1,555)		202,583		(4,481)
U.S. agency securities	—		—		70,282		(11,185)		70,282		(11,185)
Mortgage-backed securities	21,519		(260)		30,184		(5,138)		51,703		(5,398)
Municipal securities	—		—		2,678		(527)		2,678		(527)
Other securities	5,928		(64)		8,338		(385)		14,266		(449)

Total securities with unrealized losses	$	1,904,820	$	(9,685)	$	328,301	$	(51,827)	$	2,233,121	$	(61,512)


	Less than 12 months				12 months or longer				Total
December 31, 2025	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

U.S. agency residential mortgage-backed securities	$	20,017	$	(266)	$	181,150	$	(32,030)	$	201,167	$	(32,296)
Other asset-backed securities related to Structured Program transactions	95,494		(1,034)		23,719		(333)		119,213		(1,367)
U.S. agency securities	—		—		73,862		(10,602)		73,862		(10,602)
Mortgage-backed securities	1,874		(5)		36,167		(4,956)		38,041		(4,961)
Municipal securities	—		—		2,606		(609)		2,606		(609)
Other securities	1,610		(10)		9,544		(370)		11,154		(380)
Total securities with unrealized losses	$	118,995	$	(1,315)	$	327,048	$	(48,900)	$	446,043	$	(50,215)

The majority of unrealized losses as of both June 30, 2026 and December 31, 2025 were related to U.S. agency-backed securities and mortgage-backed securities. Management considers these securities to be of the highest credit quality and rating given the guarantee of principal and interest by certain U.S. government agencies or government-sponsored agencies. Most of the remaining securities in an unrealized loss position in the Company’s AFS investment portfolio at June 30, 2026 were rated investment grade. Substantially all of these unrealized losses were caused by prior increases in interest rates. Additionally, the Company does not intend to sell the securities in loss positions, nor is it more likely than not that it will be required to sell the securities prior to recovery of the amortized cost basis. For a description of management’s quarterly evaluation of AFS securities in an unrealized loss position, see “Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies” in our Annual Report.

The following table presents the activity in the allowance for credit losses (ACL) for AFS securities, by security type:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, beginning of period	$	3,816	$	4,848	$	4,093	$	3,527
Credit loss expense (benefit) for securities available for sale	165		(819)		(112)		502



Allowance for credit losses, end of period	$	3,981	$	4,029	$	3,981	$	4,029

The contractual maturities of AFS securities were as follows:


June 30, 2026	Amortized Cost		Fair Value		Weighted- average Yield(1)
Due within 1 year:

U.S. agency securities	$	3,000	$	2,978
Total due within 1 year	3,000		2,978		3.00	%
Due after 1 year through 5 years:
Senior asset-backed securities related to Structured Program transactions	3,390,657		3,394,054
Other asset-backed securities related to Structured Program transactions	266,096		257,820
Mortgage-backed securities	2,517		2,370
U.S. agency securities	1,850		1,790
Municipal securities	457		431
U.S. agency residential mortgage-backed securities	101		97
Other securities	10,430		10,430
Total due after 1 year through 5 years	3,672,108		3,666,992		5.98	%
Due after 5 years through 10 years:
U.S. agency securities	39,464		34,844

U.S. agency residential mortgage-backed securities	2,355		2,265
Mortgage-backed securities	863		760
Municipal securities	153		141
Other securities	8,148		8,061
Total due after 5 years through 10 years	50,983		46,071		3.44	%
Due after 10 years:
U.S. agency residential mortgage-backed securities	274,762		241,013
Mortgage-backed securities	55,808		50,676
U.S. agency securities	37,153		30,670
Municipal securities	2,595		2,106
Other securities	6,617		6,255
Total due after 10 years	376,935		330,720		3.15	%
Total securities available for sale	$	4,103,026	$	4,046,761	5.67	%

(1) The weighted-average yield is computed using the average month-end amortized cost during the six months ended June 30, 2026.

There were no sales of AFS securities during the second quarters and first halves of 2026 and 2025.

Leases - Schedule of Interest Earned on Equipment Finance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Interest earned	$ 461	$ 709	$ 981	$ 1,556

Goodwill and Intangible Assets - Schedule of Gross and Net Carrying Values and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Finite-Lived [Line Items]
Net carrying value	$ 6,033
Customer Relationships
Intangible Asset, Finite-Lived [Line Items]
Gross carrying value	56,490	$ 56,490
Accumulated amortization	(50,457)	(49,071)
Net carrying value	$ 6,033	$ 7,419

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains	$ 3,186	$ 947	$ 6,376	$ 2,046
Credit derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains	0	957	289	2,116
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains	$ 3,186	$ (10)	$ 6,087	$ (70)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Derivative Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

The Company uses derivative instruments, including interest rate contracts such as caps and swaps, to manage exposure to interest rate risk associated with its fixed-rate assets. The Company’s interest rate contracts are indexed to the Secured Overnight Financing Rate (SOFR). Interest rate swaps involve the payment of fixed-rate amounts to a counterparty in exchange for the receipt of variable-rate payments. With interest rate caps, the Company receives payments from a counterparty when SOFR exceeds a specified strike rate.

Derivatives Not Designated as Accounting Hedges

During the first quarter of 2026, the Company voluntarily de-designated all of its interest rate swaps previously designated as fair value hedges. Following de-designation, changes in the fair value of these derivatives are recorded in “Net fair value adjustments” on the Income Statement, and the remaining unamortized basis adjustments on the previously hedged items are amortized through interest income over the remaining life of the underlying instruments. As of June 30, 2026, the remaining unamortized basis adjustment totaled $0.4 million for previously hedged unsecured consumer loans and $0.1 million for previously hedged AFS securities.

The table below presents the notional and gross fair value amounts of the Company’s derivatives:


	June 30, 2026						December 31, 2025
	Notional		Derivative Asset(1)		Derivative Liability(1)		Notional		Derivative Asset(1)		Derivative Liability(1)

Credit derivatives	$	—	$	—	$	—	$	3,737	$	—	$	(1,327)

Interest rate contracts:
Interest rate caps	775,000		7,801		—		325,000		528		—
Interest rate swaps	1,325,000		1,872		(698)		125,000		—		(234)
Total interest rate contracts	$	2,100,000	$	9,673	$	(698)	$	450,000	$	528	$	(234)

Total	$	2,100,000	$	9,673	$	(698)	$	453,737	$	528	$	(1,561)

(1) Recorded in “Other assets” or “Other liabilities” on a net basis, as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.

The table below presents the gains (losses) recognized on the Company’s derivatives:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Credit derivatives(1)	$	—	$	957	$	289	$	2,116
Interest rate contracts(2)	3,186		(10)		6,087		(70)

Total gains	$	3,186	$	947	$	6,376	$	2,046

(1) The initial fair value of the credit derivative liabilities is recorded in “Gain on sales of loans” with incremental changes in the fair value recorded in “Net fair value adjustments,” both on the Income Statement.

(2) Recorded in “Net fair value adjustments” on the Income Statement.

Derivatives Designated as Accounting Hedges

As of June 30, 2026, there were no derivatives designated as hedging instruments. Prior period amounts in the tables below reflect periods in which hedge accounting was applied.

The table below presents the notional and gross fair value amounts of the Company’s interest rate swaps that were designated as fair value hedges:


	December 31, 2025
		Notional		Derivative Asset(1)		Derivative Liability(1)

Unsecured consumer loans		$	575,000	$	81	$	(1,566)
Securities available for sale		475,000		146		(774)
Total interest rate swaps		$	1,050,000	$	227	$	(2,340)

(1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.

The following table summarizes the gain (loss) recognized on the Company’s fair value hedges:


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025


Gains (losses) recognized on:
Unsecured consumer loans:
Hedged item	$	(406)	$	(153)
Derivatives	348		70
Interest settlement on derivative(1)	147		(388)
Total gain (loss) on hedged unsecured consumer loans(2)	89		(471)

Securities available for sale:
Hedged item	383		2,242
Derivatives	(413)		(2,346)
Interest settlement on derivative(1)	699		1,315
Total gain on hedged securities available for sale(3)	669		1,211

Total gain on fair value hedges	$	758	$	740

(1) Includes accrued interest receivable and accrued interest payable.

(2) Recorded in “Interest on loans” on the Income Statement.

(3) Recorded in “Interest on securities available for sale” on the Income Statement.

The following table presents the cumulative basis adjustments for fair value hedges:


	December 31, 2025
Balance Sheet Line Item		Carrying Amount of Closed Portfolio(1)		Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items
Loans and leases held for investment at amortized cost		$	1,283,622	$	1,597
Securities available for sale		$	1,091,921	$	727

(1) Represents the total closed portfolio of assets (at amortized cost) designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At December 31, 2025, the amortized cost of unsecured consumer loans and AFS securities, designated as the hedged items in the portfolio layer hedging relationship, was $575.0 million and $475.0 million, respectively.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

Fair Value Measurements - Schedule of Other Asset-Backed Securities at Fair Value Activity (Details) - Other asset-backed securities related to Structured Program transactions - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 238,349	$ 172,544	$ 219,370	$ 169,948
Additions	60,030	35,738	112,988	60,624
Cash received	(38,918)	(24,622)	(71,694)	(45,925)
Credit loss (expense) benefit for securities available for sale	(165)	819	112	(502)
Change in unrealized loss	(1,476)	(447)	(2,956)	(113)
Fair value at end of period	$ 257,820	$ 184,032	$ 257,820	$ 184,032

Equity

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Equity

Share Repurchases

On November 4, 2025, the Company’s Board of Directors approved a program to repurchase and acquire up to $100 million of the Company’s common stock through December 31, 2026. During the six months ended June 30, 2026, the Company repurchased 1,221,938 shares of Happen, Inc. common stock on the open market at an average price of $16.68 per share and retired those shares upon repurchase.

Employee Incentive Plans

The Company’s equity incentive plans provide for granting awards, including restricted stock units (RSUs), performance-based restricted stock units (PBRSUs), cash awards and stock options to employees, officers and directors.

Stock-based Compensation

Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
RSUs	$	6,708	$	9,236	$	14,237	$	18,310
PBRSUs	1,258		1,270		2,263		2,117

Stock-based compensation expense, gross	7,966		10,506		16,500		20,427
Less: Capitalized stock-based compensation expense	1,012		1,441		1,972		2,843
Stock-based compensation expense, net	$	6,954	$	9,065	$	14,528	$	17,584

Restricted Stock Units

The following table summarizes the Company’s RSU activity:


	Number of Units	Weighted- Average Grant Date Fair Value
Unvested at December 31, 2025	4,278,687	$	10.73
Granted	1,979,722	$	15.58
Vested	(1,867,714)	$	9.50
Forfeited	(510,128)	$	12.72
Unvested at June 30, 2026	3,880,567	$	13.53

During the first half of 2026, the Company granted 1,979,722 RSUs with an aggregate fair value of $30.8 million.

As of June 30, 2026, there was $47.0 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 1.9 years, subject to any forfeitures.

Performance-based Restricted Stock Units

The Company’s outstanding PBRSU awards consist of awards with a market-based metric and awards with an operating-based metric, all with a three-year performance period, following which any earned portion is immediately vested. With respect to PBRSU awards with a market-based metric, the compensation expense of the award is fixed at the time of grant (incorporating the probability of achieving the market-based metric) and expensed over the performance period. With respect to PBRSU awards with an operating-based metric, the compensation expense of the award is set at the time of grant (assuming a target level of achievement), subsequently adjusted for actual performance during the performance period and expensed over the performance/vesting period.

The following table summarizes the Company’s PBRSU activity:


	Number of Units	Weighted- Average Grant Date Fair Value
Unvested at December 31, 2025	1,160,819	$	8.86
Granted	641,982	$	14.72
Vested	(485,134)	$	7.62
Forfeited	(43,690)	$	12.88
Unvested at June 30, 2026	1,273,977	$	12.14

During the first half of 2026, the Company granted 641,982 PBRSUs with an aggregate fair value of $9.4 million.

As of June 30, 2026, there was $10.0 million of unrecognized compensation cost related to unvested PBRSUs, which is expected to be recognized over a weighted-average period of approximately 1.8 years, subject to any forfeitures.

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2026
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation On June 22, 2026, LendingClub Corporation changed its corporate name to Happen, Inc., and changed the name of its wholly-owned banking subsidiary from LendingClub Bank, National Association to Happen Bank, National Association (Happen Bank). The Company was founded in 2006 and operates a leading, nationally chartered, digital marketplace bank that leverages data and technology to increase access to credit, reduce borrowing costs, and improve returns on savings for its members. Happen, Inc. is registered as a bank holding company and operates the vast majority of its business through its wholly-owned subsidiary, Happen Bank. All intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and, in the opinion of management, contain all adjustments, including normal recurring adjustments, necessary for the fair statement of the results and financial position for the periods presented. These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material. Results reported in interim periods are not necessarily indicative of results for the full year or any other interim period. The Company made the following presentation changes in the condensed consolidated financial statements and accompanying notes in the first quarter of 2026: •The components previously aggregated under “Marketplace revenue” on the Condensed Consolidated Statements of Income (Income Statement), namely “Origination fees,” “Servicing fees,” “Gain on sales of loans,” and “Net fair value adjustments,” are now presented as separate line items on the Income Statement. •“Interest on loans held for sale,” “Interest and fees on loans and leases held for investment,” and “Interest on loans held for investment at fair value,” which previously appeared as separate line items on the Income Statement, have been combined into a single line item titled “Interest on loans.” In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation. The accompanying interim condensed consolidated financial statements and these related notes should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) filed on February 12, 2026. Election of Fair Value Option Effective January 1, 2026, the Company elected the fair value option to account for held for investment (HFI) loans that were originated on or after that date. Prior to this election, loans that were originated as HFI were, and will continue to be, accounted for at amortized cost, which required the initial recognition of a CECL allowance for lifetime expected credit losses, recognized within “Provision for credit losses” on the Income Statement. The Company believes that applying the fair value option, rather than amortized cost accounting with the CECL methodology, to HFI loans more accurately reflects the in-period economic performance of the loans by better aligning the value of the loan to its then fair value. Under the fair value option, origination fee revenue and marketing costs are recognized at the time of loan origination within “Origination fees” and “Marketing expense,” respectively, on the Income Statement, rather than being deferred. Fair value adjustments on loans are also recognized in current period earnings within “Net fair value adjustments” and include the impact of credit losses that previously would have been recognized within “Provision for credit losses” under CECL. Further, by applying the fair value option to HFI loans, the Company is applying the same accounting methodology to all loans it originates on or after January 1, 2026, as both HFI and held for sale (HFS) loans will be measured at fair value. Significant Accounting Policies The Company’s significant accounting policies are discussed in “Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies” in the Annual Report. There have been no changes to these significant accounting policies for the six months ended June 30, 2026. Adoption of New Accounting Standards The Company did not adopt new accounting standards during the six months ended June 30, 2026. New Accounting Standards Not Yet Adopted In December 2025, the FASB issued ASU 2025-12, Codification Improvements, which makes incremental improvements to GAAP. The updates cover a broad range of topics arising from technical corrections, unintended applications of the codification, and other minor improvements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual reporting periods. The standard can be applied prospectively or retrospectively on a topic by topic basis. Early adoption is also permitted on a topic by topic basis. The Company is evaluating the impact of this ASU but does not expect it to be material. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270) – Narrow-Scope Improvements, which improves the navigability of the required interim disclosures and clarifies when the guidance is applicable. The amendments also provide guidance on what disclosures are required during the interim reporting periods. Additionally, the amendments also include a disclosure principle that requires entities to disclose events since the end of the last reporting period that have a material impact. The amendments of this standard are effective for interim reporting periods beginning after December 15, 2027. The amendments can be applied either prospectively or retrospectively. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In September 2025, the FASB issued ASU 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the guidance to reflect the software development approaches currently used. Specifically, the ASU eliminates accounting consideration of software project development stages and enhances the guidance around the “probable-to-complete” threshold. The new standard is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The amendments of this standard can be applied retrospectively, prospectively or on a modified prospective basis. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In November 2024, the FASB issued ASU 2024-03, Income Statement (Topic 220) – Reporting Comprehensive Income – Expense Disaggregation Disclosures, which improves income statement expense disclosure requirements, primarily through disaggregated disclosures of certain expense captions into specified categories within the footnotes to the financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material.

Borrowings

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Borrowings

The Company did not have any debt outstanding as of June 30, 2026 or December 31, 2025.

Borrowing Capacity

The following table summarizes the Company’s available borrowing capacity and the related pledged collateral:


	June 30, 2026				December 31, 2025
	Available Borrowing Capacity		Pledged Collateral(1)		Available Borrowing Capacity		Pledged Collateral(2)
FRB Discount Window	$	3,446,444	$	4,489,394	$	3,294,827	$	4,245,845
FHLB of Des Moines	672,819		843,283		679,361		861,913
Total	$	4,119,263	$	5,332,677	$	3,974,188	$	5,107,758

(1) As of June 30, 2026, the Company had $4.5 billion in loans pledged under the Federal Reserve System (FRB) Discount Window, and $467.7 million in loans and $375.6 million in securities available for sale at fair value pledged to the Federal Home Loan Bank (FHLB) of Des Moines.

(2) As of December 31, 2025, the Company had $4.2 billion in loans pledged under the FRB Discount Window, and $486.2 million in loans and $375.7 million in securities available for sale at fair value pledged to the FHLB of Des Moines.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-8

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-9

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 24: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Loans - Schedule of Components of the Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Gross allowance for loan and lease losses	$ 227,500		$ 312,667
Recovery asset value	(34,607)		(36,924)
Allowance for loan and lease losses	$ 192,893	$ 237,697	$ 275,743	$ 252,989	$ 244,193	$ 236,734

Segment Reporting - Schedule of Segment Reporting Information by Statements of Operations (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Interest income:

Interest income

$ 268,935

$ 237,097

$ 530,142

$ 469,156

Interest expense

(89,918)

(82,848)

(174,891)

(164,950)

Net interest income

179,017

154,249

355,251

304,206

Non-interest income:

Gain on sales of loans

^[1]

21,461

13,540

37,730

25,742

Net fair value adjustments

^[1]

(121,145)

(27,869)

(210,070)

(57,120)

Other non-interest income

6,626

4,542

12,098

6,653

Total non-interest income

83,838

94,186

159,855

161,940

Total net revenue

262,855

248,435

515,106

466,146

Provision for credit losses

10,917

(39,733)

10,527

(97,882)

Non-interest expense:

Compensation and benefits

(68,221)

(61,989)

(133,735)

(120,378)

Marketing

(62,580)

(33,580)

(117,995)

(62,819)

Equipment and software

(15,846)

(14,495)

(31,139)

(29,139)

Depreciation and amortization

(18,152)

(15,460)

(33,971)

(29,369)

Professional services

(11,989)

(10,300)

(23,756)

(20,064)

Occupancy

(4,982)

(4,787)

(11,373)

(9,132)

Other non-interest expense

(16,345)

(14,107)

(30,679)

(27,684)

Total non-interest expense

(198,115)

(154,718)

(382,648)

(298,585)

Income tax expense

(17,509)

(15,806)

(33,234)

(19,830)

Net income

58,148

38,178

109,751

49,849

Origination fees

Non-interest income:

Fees

^[1]

164,006

87,578

294,094

157,522

Servicing fees

Non-interest income:

Fees

^[1]

12,890

16,395

26,003

29,143

Operating Segments

Interest income:

Interest income

268,935

237,097

530,142

469,156

Interest expense

(89,918)

(82,848)

(174,891)

(164,950)

Net interest income

179,017

154,249

355,251

304,206

Non-interest income:

Gain on sales of loans

21,461

13,540

37,730

25,742

Net fair value adjustments

(121,145)

(27,869)

(210,070)

(57,120)

Other non-interest income

12,994

15,884

26,252

30,816

Total non-interest income

88,101

99,297

169,124

172,234

Total net revenue

267,118

253,546

524,375

476,440

Provision for credit losses

10,917

(39,733)

10,527

(97,882)

Non-interest expense:

Compensation and benefits

(68,221)

(61,989)

(133,735)

(120,378)

Marketing

(62,580)

(33,580)

(117,995)

(62,819)

Equipment and software

(15,846)

(14,495)

(31,139)

(29,139)

Depreciation and amortization

(18,152)

(15,460)

(33,971)

(29,369)

Professional services

(11,989)

(10,300)

(23,756)

(20,064)

Occupancy

(4,982)

(4,787)

(11,373)

(9,132)

Other non-interest expense

(20,608)

(19,218)

(39,948)

(37,978)

Total non-interest expense

(202,378)

(159,829)

(391,917)

(308,879)

Income tax expense

(17,509)

(15,806)

(33,234)

(19,830)

Net income

58,148

38,178

109,751

49,849

Capital expenditures

27,967

90,694

53,751

103,760

Operating Segments | Happen Bank

Interest income:

Interest income

268,709

236,958

529,654

468,713

Interest expense

(89,918)

(82,848)

(174,891)

(164,950)

Net interest income

178,791

154,110

354,763

303,763

Non-interest income:

Gain on sales of loans

21,461

13,540

37,730

25,742

Net fair value adjustments

(121,594)

(30,202)

(211,260)

(60,325)

Other non-interest income

11,317

14,095

22,447

27,036

Total non-interest income

80,478

87,519

153,541

152,670

Total net revenue

259,269

241,629

508,304

456,433

Provision for credit losses

10,917

(39,733)

10,527

(97,882)

Non-interest expense:

Compensation and benefits

(66,728)

(60,207)

(130,823)

(117,070)

Marketing

(62,580)

(33,580)

(117,995)

(62,819)

Equipment and software

(15,814)

(14,474)

(31,107)

(29,093)

Depreciation and amortization

(17,742)

(14,251)

(32,734)

(26,794)

Professional services

(11,759)

(10,019)

(23,446)

(19,656)

Occupancy

(3,639)

(2,845)

(7,610)

(5,246)

Other non-interest expense

(16,928)

(15,557)

(34,224)

(30,004)

Total non-interest expense

(195,190)

(150,933)

(377,939)

(290,682)

Income tax expense

(17,174)

(13,534)

(32,069)

(18,406)

Net income

57,822

37,429

108,823

49,463

Capital expenditures

27,967

90,694

53,751

103,760

Operating Segments | Happen, Inc. (Parent only)

Interest income:

Interest income

226

139

488

443

Interest expense

Net interest income

226

139

488

443

Non-interest income:

Gain on sales of loans

Net fair value adjustments

449

2,333

1,190

3,205

Other non-interest income

1,677

1,789

3,805

3,780

Total non-interest income

7,623

11,778

15,583

19,564

Total net revenue

7,849

11,917

16,071

20,007

Provision for credit losses

Non-interest expense:

Compensation and benefits

(1,493)

(1,782)

(2,912)

(3,308)

Marketing

Equipment and software

(32)

(21)

(32)

(46)

Depreciation and amortization

(410)

(1,209)

(1,237)

(2,575)

Professional services

(230)

(281)

(310)

(408)

Occupancy

(1,343)

(1,942)

(3,763)

(3,886)

Other non-interest expense

(3,680)

(3,661)

(5,724)

(7,974)

Total non-interest expense

(7,188)

(8,896)

(13,978)

(18,197)

Income tax expense

(335)

(2,272)

(1,165)

(1,424)

Net income

326

749

928

386

Capital expenditures

Operating Segments | Origination fees

Non-interest income:

Fees

164,006

87,578

294,094

157,522

Operating Segments | Origination fees | Happen Bank

Non-interest income:

Fees

163,656

87,574

293,644

157,507

Operating Segments | Origination fees | Happen, Inc. (Parent only)

Non-interest income:

Fees

350

450

Operating Segments | Servicing fees

Non-interest income:

Fees

10,785

10,164

21,118

15,274

Operating Segments | Servicing fees | Happen Bank

Non-interest income:

Fees

5,638

2,512

10,980

2,710

Operating Segments | Servicing fees | Happen, Inc. (Parent only)

Non-interest income:

Fees

5,147

7,652

10,138

12,564

Intercompany Eliminations

Non-interest income:

Total net revenue

$ (4,263)

$ (5,111)

$ (9,269)

$ (10,294)

[1]	Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024		113,383,917
Beginning balance at Dec. 31, 2024	$ 1,341,731	$ 1,134	$ 1,702,316	$ (24,243)	$ (337,476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	20,427		20,427
Net issuances under equity incentive plans (in shares)		1,356,230
Net issuances under equity incentive plans	(4,210)	$ 13	(4,223)
Net unrealized loss on securities available for sale, net of tax	(1,762)			(1,762)
Net income	49,849				49,849
Ending balance (in shares) at Jun. 30, 2025		114,740,147
Ending balance at Jun. 30, 2025	1,406,035	$ 1,147	1,718,520	(26,005)	(287,627)
Beginning balance (in shares) at Mar. 31, 2025		114,199,832
Beginning balance at Mar. 31, 2025	1,364,517	$ 1,142	1,711,429	(22,249)	(325,805)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	10,506		10,506
Net issuances under equity incentive plans (in shares)		540,315
Net issuances under equity incentive plans	(3,410)	$ 5	(3,415)
Net unrealized loss on securities available for sale, net of tax	(3,756)			(3,756)
Net income	38,178				38,178
Ending balance (in shares) at Jun. 30, 2025		114,740,147
Ending balance at Jun. 30, 2025	$ 1,406,035	$ 1,147	1,718,520	(26,005)	(287,627)
Beginning balance (in shares) at Dec. 31, 2025	115,368,987	115,368,987
Beginning balance at Dec. 31, 2025	$ 1,500,428	$ 1,154	1,719,233	(18,160)	(201,799)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	16,500		16,500
Net issuances under equity incentive plans (in shares)		1,260,415
Net issuances under equity incentive plans	(17,955)	$ 13	(17,968)
Share repurchases (in shares)		(1,221,938)
Share repurchases	(20,421)	$ (13)	(20,408)
Net unrealized loss on securities available for sale, net of tax	(20,838)			(20,838)
Net income	$ 109,751				109,751
Ending balance (in shares) at Jun. 30, 2026	115,407,464	115,407,464
Ending balance at Jun. 30, 2026	$ 1,567,465	$ 1,154	1,697,357	(38,998)	(92,048)
Beginning balance (in shares) at Mar. 31, 2026		115,497,890
Beginning balance at Mar. 31, 2026	1,523,528	$ 1,155	1,701,280	(28,711)	(150,196)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	7,966		7,966
Net issuances under equity incentive plans (in shares)		384,705
Net issuances under equity incentive plans	(4,086)	$ 4	(4,090)
Share repurchases (in shares)		(475,131)
Share repurchases	(7,804)	$ (5)	(7,799)
Net unrealized loss on securities available for sale, net of tax	(10,287)			(10,287)
Net income	$ 58,148				58,148
Ending balance (in shares) at Jun. 30, 2026	115,407,464	115,407,464
Ending balance at Jun. 30, 2026	$ 1,567,465	$ 1,154	$ 1,697,357	$ (38,998)	$ (92,048)

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Financial information for the segments is presented in the following tables:


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments

Three Months Ended June 30,	2026		2025		2026		2025		2026		2025
Interest income:
Interest income	$	268,709	$	236,958	$	226	$	139	$	268,935	$	237,097
Interest expense	(89,918)		(82,848)		—		—		(89,918)		(82,848)
Net interest income	178,791		154,110		226		139		179,017		154,249

Non-interest income:

Origination fees(1)	163,656		87,574		350		4		164,006		87,578
Servicing fees(1)	5,638		2,512		5,147		7,652		10,785		10,164
Gain on sales of loans(1)	21,461		13,540		—		—		21,461		13,540
Net fair value adjustments(1)	(121,594)		(30,202)		449		2,333		(121,145)		(27,869)
Other non-interest income	11,317		14,095		1,677		1,789		12,994		15,884
Total non-interest income	80,478		87,519		7,623		11,778		88,101		99,297

Total net revenue	259,269		241,629		7,849		11,917		267,118		253,546

Provision for credit losses	10,917		(39,733)		—		—		10,917		(39,733)

Non-interest expense:
Compensation and benefits	(66,728)		(60,207)		(1,493)		(1,782)		(68,221)		(61,989)
Marketing	(62,580)		(33,580)		—		—		(62,580)		(33,580)
Equipment and software	(15,814)		(14,474)		(32)		(21)		(15,846)		(14,495)
Depreciation and amortization	(17,742)		(14,251)		(410)		(1,209)		(18,152)		(15,460)
Professional services	(11,759)		(10,019)		(230)		(281)		(11,989)		(10,300)
Occupancy	(3,639)		(2,845)		(1,343)		(1,942)		(4,982)		(4,787)
Other non-interest expense	(16,928)		(15,557)		(3,680)		(3,661)		(20,608)		(19,218)
Total non-interest expense	(195,190)		(150,933)		(7,188)		(8,896)		(202,378)		(159,829)

Income tax expense	(17,174)		(13,534)		(335)		(2,272)		(17,509)		(15,806)
Net income(2)	$	57,822	$	37,429	$	326	$	749	$	58,148	$	38,178
Capital expenditures	$	27,967	$	90,694	$	—	$	—	$	27,967	$	90,694

(1) Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

(2) Total net income from reportable segments reflects net income on a consolidated basis.


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments

Six Months Ended June 30,	2026		2025		2026		2025		2026		2025
Interest income:
Interest income	$	529,654	$	468,713	$	488	$	443	$	530,142	$	469,156
Interest expense	(174,891)		(164,950)		—		—		(174,891)		(164,950)
Net interest income	354,763		303,763		488		443		355,251		304,206

Non-interest income:

Origination fees(1)	293,644		157,507		450		15		294,094		157,522
Servicing fees(1)	10,980		2,710		10,138		12,564		21,118		15,274
Gain on sales of loans(1)	37,730		25,742		—		—		37,730		25,742
Net fair value adjustments(1)	(211,260)		(60,325)		1,190		3,205		(210,070)		(57,120)
Other non-interest income	22,447		27,036		3,805		3,780		26,252		30,816
Total non-interest income	153,541		152,670		15,583		19,564		169,124		172,234

Total net revenue	508,304		456,433		16,071		20,007		524,375		476,440

Provision for credit losses	10,527		(97,882)		—		—		10,527		(97,882)

Non-interest expense:
Compensation and benefits	(130,823)		(117,070)		(2,912)		(3,308)		(133,735)		(120,378)
Marketing	(117,995)		(62,819)		—		—		(117,995)		(62,819)
Equipment and software	(31,107)		(29,093)		(32)		(46)		(31,139)		(29,139)
Depreciation and amortization	(32,734)		(26,794)		(1,237)		(2,575)		(33,971)		(29,369)
Professional services	(23,446)		(19,656)		(310)		(408)		(23,756)		(20,064)
Occupancy	(7,610)		(5,246)		(3,763)		(3,886)		(11,373)		(9,132)
Other non-interest expense	(34,224)		(30,004)		(5,724)		(7,974)		(39,948)		(37,978)
Total non-interest expense	(377,939)		(290,682)		(13,978)		(18,197)		(391,917)		(308,879)

Income tax expense	(32,069)		(18,406)		(1,165)		(1,424)		(33,234)		(19,830)
Net income(2)	$	108,823	$	49,463	$	928	$	386	$	109,751	$	49,849
Capital expenditures	$	53,751	$	103,760	$	—	$	—	$	53,751	$	103,760

(1) Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

(2) Total net income from reportable segments reflects net income on a consolidated basis.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Total net revenue – reportable segments	$	267,118	$	253,546	$	524,375	$	476,440
Intercompany eliminations	(4,263)		(5,111)		(9,269)		(10,294)
Total net revenue – consolidated	$	262,855	$	248,435	$	515,106	$	466,146


	Happen Bank				Happen, Inc. (Parent only)				Total Reportable Segments
	June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Assets
Total cash and cash equivalents	$	899,767	$	901,246	$	100,930	$	127,087	$	1,000,697	$	1,028,333
Restricted cash	—		—		16,557		16,659		16,557		16,659
Securities available for sale at fair value	4,036,374		3,696,626		10,387		10,083		4,046,761		3,706,709
Loans held for sale at fair value	1,773,052		1,762,396		—		—		1,773,052		1,762,396
Loans held for investment at fair value	2,084,515		472,301		551		1,013		2,085,066		473,314
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069		—		—		2,993,252		3,997,069


Property, equipment and software, net	273,467		250,168		2,987		3,920		276,454		254,088
Investment in subsidiary	—		—		938,499		903,339		938,499		903,339
Goodwill	75,717		75,717		—		—		75,717		75,717
Other assets	340,699		316,488		33,683		72,323		374,382		388,811
Total assets	12,476,843		11,472,011		1,103,594		1,134,424		13,580,437		12,606,435
Liabilities and Equity
Total deposits	10,854,299		9,948,426		—		—		10,854,299		9,948,426




Other liabilities	193,744		217,930		26,430		36,313		220,174		254,243
Total liabilities	11,048,043		10,166,356		26,430		36,313		11,074,473		10,202,669
Total equity	1,428,800		1,305,655		1,077,164		1,098,111		2,505,964		2,403,766
Total liabilities and equity	$	12,476,843	$	11,472,011	$	1,103,594	$	1,134,424	$	13,580,437	$	12,606,435


	June 30, 2026		December 31, 2025
Total assets – reportable segments	$	13,580,437	$	12,606,435
Intercompany eliminations	(1,031,397)		(1,038,619)
Total assets – consolidated	$	12,549,040	$	11,567,816


	June 30, 2026		December 31, 2025
Total liabilities and equity – reportable segments	$	13,580,437	$	12,606,435
Intercompany eliminations – liabilities	(92,898)		(135,281)
Intercompany eliminations – equity	(938,499)		(903,338)
Total liabilities and equity – consolidated	$	12,549,040	$	11,567,816

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives Used for Hedging (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 2,100,000	$ 453,737
Derivative Asset	9,673	528
Derivative Liability	(698)	(1,561)
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	0
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	1,325,000	125,000
Derivative Asset	1,872	0
Derivative Liability	$ (698)	(234)
Interest rate swaps \| Fair Value Hedging \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional		1,050,000
Derivative Asset		227
Derivative Liability		(2,340)
Interest rate swaps \| Fair Value Hedging \| Designated as Hedging Instrument \| Unsecured consumer loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional		575,000
Derivative Asset		81
Derivative Liability		(1,566)
Interest rate swaps \| Fair Value Hedging \| Designated as Hedging Instrument \| Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional		475,000
Derivative Asset		146
Derivative Liability		$ (774)

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

+ Details

Property, Equipment and Software, Net (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Equipment and Software, Net

Property, equipment and software, net, consist of the following:


	June 30, 2026		December 31, 2025
Software(1)	$	263,966	$	259,773
Land, building and building improvements(2)	97,569		81,601
Leasehold improvements	10,157		30,686
Computer equipment	7,528		5,829
Furniture and fixtures	4,469		5,554
Total property, equipment and software	383,689		383,443
Accumulated depreciation and amortization	(107,235)		(129,355)
Total property, equipment and software, net	$	276,454	$	254,088

(2) Includes $7.7 million of building improvements in progress as December 31, 2025.

Fair Value Measurements - Schedule of Estimated Fair Value of Servicing Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosures [Abstract]
Weighted-average market servicing rate assumptions	0.58%	0.58%
Change in fair value from:
Market servicing rate increase by .1%	$ (8,123)	$ (7,289)
Market servicing rate decrease by .1%	$ 8,123	$ 7,289
Change in rate	0.10%	0.10%

Structured Program Transactions and Variable Interest Entities - Narrative (Details) - Off-balance Sheet Loans - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Variable Interest Entity [Line Items]
Principal derecognized from loans securitized or sold	$ 5,200.0	$ 4,400.0
Off-balance sheet loans, principal amount outstanding, 31 days or more past due	$ 67.7	$ 64.9

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Senior Asset-Backed Securities to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 4,046,761	$ 3,706,709
Senior asset-backed securities related to Structured Program transactions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,394,054	3,092,410
100 basis point increase	(37,308)	(32,467)
200 basis point increase	$ (74,616)	$ (64,934)
Senior asset-backed securities related to Structured Program transactions \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 1 month 6 days	1 year 1 month 6 days

Structured Program Transactions and Variable Interest Entities - Schedule of Unconsolidated VIEs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair value of consideration received:
Gain on sales of loans			$ 37,730	$ 25,742
Unconsolidated
Fair value of consideration received:
Cash	$ 453,853	$ 182,675	869,951	331,054
Net securities retained from Structured Program transactions	746,700	531,509	1,381,832	880,511
Other assets, net	14,605	10,682	27,190	16,656
Total consideration	1,215,158	724,866	2,278,973	1,228,221
Fair value of loans sold	(1,201,218)	(715,210)	(2,253,004)	(1,213,268)
Gain on sales of loans	13,940	9,656	25,969	14,953
Cash proceeds from continuing involvement:
Servicing and other administrative fees	12,178	8,850	23,528	17,746
Interest received on securities retained from Structured Program transactions	$ 50,747	$ 50,147	$ 101,743	$ 101,281

Loans - Schedule of Components of Portfolio Segment Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	$ 3,186,145		$ 4,272,812
Allowance for loan and lease losses	$ 192,893	$ 237,697	$ 275,743	$ 252,989	$ 244,193	$ 236,734
Allowance ratio	6.10%		6.50%
Gross allowance for loan and lease losses	$ 227,500		$ 312,667
Gross allowance ratio (as a percent)	7.10%		7.30%
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	$ 2,545,252		$ 3,603,548
Allowance for loan and lease losses	$ 176,727	221,196	$ 258,811	237,433	227,608	212,598
Allowance ratio	6.90%		7.20%
Gross allowance for loan and lease losses	$ 211,334		$ 295,735
Gross allowance ratio (as a percent)	8.30%		8.20%
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment at amortized cost	$ 640,893		$ 669,264
Allowance for loan and lease losses	$ 16,166	$ 16,501	$ 16,932	$ 15,556	$ 16,585	$ 24,136
Allowance ratio	2.50%		2.50%
Gross allowance for loan and lease losses	$ 16,166		$ 16,932
Gross allowance ratio (as a percent)	2.50%		2.50%

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Basic EPS:
Net income	$ 58,148	$ 38,178	$ 109,751	$ 49,849
Weighted-average common shares – Basic (in shares)	115,376,906	114,409,231	115,388,669	114,053,292
Basic EPS (in USD per share)	$ 0.50	$ 0.33	$ 0.95	$ 0.44
Diluted EPS:
Net income	$ 58,148	$ 38,178	$ 109,751	$ 49,849
Weighted-average common shares – Diluted (in shares)	117,274,710	115,692,969	117,304,006	115,936,910
Diluted EPS (in USD per share)	$ 0.50	$ 0.33	$ 0.94	$ 0.43

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479719/606-10-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479719/606-10-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Loans - Narrative (Details) - Consumer - Unsecured consumer - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Short-term payment reduction \| Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, modified, temporary payment reduction period			3 months
Financing receivable, modified, additional temporary payment reduction period			3 months
Short-term payment reduction \| Short-term payment reduction modification \| Minimum
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification			4 months
Short-term payment reduction \| Short-term payment reduction modification \| Maximum
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification			9 months
Short-term payment reduction, first three months after modification \| Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, excluding accrued interest, modified, accumulated	$ 9.9		$ 9.9
Extended maturity \| Permanent loan modification
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification			12 months
Financing receivable, modified, weighted average term increase from modification	12 months	12 months	12 months	12 months
Contractual interest rate reduction \| Permanent loan modification
Term Loans and Leases by Origination Year
Financing receivable, modified, weighted average interest rate decrease from modification	8.80%	8.00%	8.80%	8.10%

Other Liabilities

6 Months Ended

Jun. 30, 2026

Other Liabilities [Abstract]

Other Liabilities

Other liabilities consist of the following:


	June 30, 2026		December 31, 2025
Accounts payable and accrued expenses	$	83,540	$	87,341
Due to borrowers(1)	42,255		60,254
Payable to investors(2)	14,496		11,926
Operating lease liabilities	11,369		15,826


Other	64,648		58,171
Total other liabilities	$	216,308	$	233,518

(1) Represents originated loans for which disbursement of funds is pending to borrowers.

(2) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Earnings Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Earnings Per Share

The following table details the computation of the Company’s basic and diluted earnings per share (EPS):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic EPS:
Net income	$	58,148	$	38,178	$	109,751	$	49,849
Weighted-average common shares – Basic	115,376,906		114,409,231		115,388,669		114,053,292
Basic EPS	$	0.50	$	0.33	$	0.95	$	0.44

Diluted EPS:
Net income	$	58,148	$	38,178	$	109,751	$	49,849
Weighted-average common shares – Diluted	117,274,710		115,692,969		117,304,006		115,936,910
Diluted EPS	$	0.50	$	0.33	$	0.94	$	0.43

Income Taxes

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

For the second quarter and first half of 2026, the Company recorded an income tax expense of $17.5 million and $33.2 million, respectively, representing an effective tax rate of 23.1% and 23.2%, respectively. For the second quarter and first half of 2025, the Company recorded an income tax expense of $15.8 million and $19.8 million, respectively, representing an effective tax rate of 29.3% and 28.5%, respectively. The effective tax rate differs from the federal statutory rate primarily due to state taxes, the favorable impact of recurring items such as tax credits, the unfavorable impact of the non-deductible portions of executive compensation, and the net discrete impact of stock-based compensation. The decrease in the effective tax rate period over period was primarily driven by the discrete tax expense recognized in the second quarter of 2025 related to the revaluation of the Company’s deferred tax assets following the enactment of California Senate Bill 132 on June 27, 2025, and the reduction in the overall effective state tax rate resulting from the law’s requirement that banks and financial companies use a single-sales-factor apportionment formula, effective for tax years beginning in 2025.

The following table summarizes the Company’s net deferred tax assets:


	June 30, 2026		December 31, 2025
Deferred tax assets, net of liabilities	$	139,730	$	144,206
Valuation allowance	(48,047)		(48,047)
Deferred tax assets, net of valuation allowance	$	91,683	$	96,159

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Securities Available for Sale - Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of AFS Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 4,103,026		$ 3,733,780
Gross Unrealized Gains	9,228		27,237
Gross Unrealized Losses	(61,512)		(50,215)
Allowance for Credit Losses	(3,981)		(4,093)
Fair Value	4,046,761		3,706,709
Senior asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,390,657		3,065,885
Gross Unrealized Gains	8,791		26,525
Gross Unrealized Losses	(5,394)		0
Allowance for Credit Losses	0		0
Fair Value	3,394,054		3,092,410
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	266,096		224,802
Gross Unrealized Gains	186		28
Gross Unrealized Losses	(4,481)		(1,367)
Allowance for Credit Losses	(3,981)	$ (3,816)	(4,093)	$ (4,029)	$ (4,848)	$ (3,527)
Fair Value	257,820		219,370
Restricted investments	226,700		200,000
U.S. agency residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	277,218		267,853
Gross Unrealized Gains	235		504
Gross Unrealized Losses	(34,078)		(32,296)
Allowance for Credit Losses	0		0
Fair Value	243,375		236,061
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	81,467		84,464
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(11,185)		(10,602)
Allowance for Credit Losses	0		0
Fair Value	70,282		73,862
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	59,188		60,423
Gross Unrealized Gains	16		135
Gross Unrealized Losses	(5,398)		(4,961)
Allowance for Credit Losses	0		0
Fair Value	53,806		55,597
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,205		3,215
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(527)		(609)
Allowance for Credit Losses	0		0
Fair Value	2,678		2,606
Other securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,195		27,138
Gross Unrealized Gains	0		45
Gross Unrealized Losses	(449)		(380)
Allowance for Credit Losses	0		0
Fair Value	$ 24,746		$ 26,803

Loans - Schedule of Amortized Cost of Loan Modifications (Details) - Consumer - Unsecured consumer - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 17,081	$ 21,429
Short-term payment reduction \| Current
Financing Receivable, Modified [Line Items]
Total loan modifications	14,475	17,743
Short-term payment reduction \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	1,191	1,372
Short-term payment reduction \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	840	1,240
Short-term payment reduction \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	575	1,074
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	5,631	5,963
Permanent loan modification \| Current
Financing Receivable, Modified [Line Items]
Total loan modifications	5,244	5,433
Permanent loan modification \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	180	135
Permanent loan modification \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	143	242
Permanent loan modification \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	64	153
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	2,387	2,909
Debt settlement \| Current
Financing Receivable, Modified [Line Items]
Total loan modifications	7	0
Debt settlement \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	10	0
Debt settlement \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	225	535
Debt settlement \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 2,145	$ 2,374

Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill and Intangible Assets

Goodwill

The Company’s goodwill balance was $75.7 million as of both June 30, 2026 and December 31, 2025. The Company did not record any goodwill impairment expense during the second quarters and first halves of 2026 and 2025. Goodwill is not amortized, but is subject to annual impairment tests that are performed in the fourth quarter of each calendar year. For additional detail, see “Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies” in the Annual Report.

Intangible Assets

Intangible assets consist primarily of customer relationships. These intangible assets are amortized on an accelerated basis from ten to fourteen years.

Intangible assets, net of accumulated amortization, are included in “Other assets” on the Balance Sheet. The gross and net carrying values and accumulated amortization were as follows:


	June 30, 2026		December 31, 2025
Gross carrying value	$	56,490	$	56,490
Accumulated amortization	(50,457)		(49,071)
Net carrying value	$	6,033	$	7,419

Amortization expense associated with intangible assets for the second quarter and first half of 2026 was $0.6 million and $1.4 million, respectively. Amortization expense associated with intangible assets for the second quarter and first half of 2025 was $0.7 million and $1.5 million, respectively. There was no impairment loss for the second quarters and first halves of 2026 and 2025.

The expected future amortization expense for intangible assets as of June 30, 2026, is as follows:


2026	$	1,250
2027	1,943
2028	1,179
2029	729
2030	456
Thereafter	476
Total	$	6,033

Other Assets

6 Months Ended

Jun. 30, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

Other assets consist of the following:


	June 30, 2026		December 31, 2025
Deferred tax assets, net(1)	$	91,683	$	96,159
Servicing assets(2)	73,066		65,326
Nonmarketable equity investments	49,153		48,462
Accrued interest receivable	46,929		43,918
Operating lease assets	9,403		12,942
Intangible assets, net(3)	6,033		7,419
Other	94,249		93,860
Total other assets	$	370,516	$	368,086

(1) See “Note 15. Income Taxes” for additional detail.

(2) Loans underlying servicing assets had a total outstanding principal balance of $8.3 billion and $7.6 billion as of June 30, 2026 and December 31, 2025, respectively.

(3) See “Note 9. Goodwill and Intangible Assets” for additional detail.

Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases was as follows:


ROU Assets and Lease Liabilities	Balance Sheet Classification	June 30, 2026		December 31, 2025
Operating lease assets	Other assets	$	9,403	$	12,942
Operating lease liabilities	Other liabilities	$	11,369	$	15,826

Schedule of Future Minimum Undiscounted Lease Payments Under Operating Leases

The Company’s future minimum undiscounted lease payments under operating leases as of June 30, 2026 were as follows:


	Operating Lease Payments
2026	$	2,471
2027	5,010
2028	4,046
2029	909


Total lease payments	$	12,436
Discount effect	(1,067)
Present value of future minimum lease payments	$	11,369

Schedule of Weighted-average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows:


Lease Term and Discount Rate	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	2.54		2.64
Weighted-average discount rate	4.32	%	4.56	%

Schedule of Rental Income

Rental income earned from such leases was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Rental income(1)	$	1,415	$	1,854	$	3,407	$	1,854

(1) Recorded in “Other non-interest income” on the Income Statement.

Schedule of Future Fixed Lease Payments to be Received for Operating Leases

Future fixed lease payments to be received by the Company as of June 30, 2026, under non-cancelable operating leases, were as follows:


2026	$	2,238
2027	3,356
2028	2,460
2029	1,932
2030	1,990
Thereafter	6,215
Total lease payments	$	18,191

Schedule of Sales-Type Leases for Equipment (Equipment Finance)

Interest earned on Equipment Finance was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Interest earned(1)	$	461	$	709	$	981	$	1,556

(1) Recorded in “Interest on loans” on the Income Statement.

The components of Equipment Finance assets are as follows:


	June 30, 2026		December 31, 2025
Lease receivables	$	17,418	$	25,384
Unguaranteed residual asset values	18,631		17,907
Unearned income	(2,910)		(3,690)
Deferred costs	110		156
Total	$	33,249	$	39,757

Schedule of Future Minimum Lease Payments Based on Maturity for Sales-Type Leases

Future minimum lease payments based on maturity of the Company’s sales-type leases as of June 30, 2026 were as follows:


2026	$	5,725
2027	7,292
2028	3,576
2029	1,381


Total lease payments	$	17,974
Discount effect	(556)
Present value of future minimum lease payments	$	17,418

Leases - Schedule of Future Minimum Undiscounted Lease Payments Under Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
2026	$ 2,471
2027	5,010
2028	4,046
2029	909
Total lease payments	12,436
Discount effect	(1,067)
Present value of future minimum lease payments	$ 11,369	$ 15,826

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Income Tax Disclosure [Abstract]
Deferred tax assets, net of liabilities	$ 139,730	$ 144,206
Valuation allowance	(48,047)	(48,047)
Deferred tax assets, net of valuation allowance	$ 91,683	$ 96,159

Leases - Schedule of Components of Equipment Finance Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Lease receivables	$ 17,418	$ 25,384
Unguaranteed residual asset values	18,631	17,907
Unearned income	(2,910)	(3,690)
Deferred costs	110	156
Total	$ 33,249	$ 39,757

Deposits (Tables)

6 Months Ended

Jun. 30, 2026

Other Liabilities Disclosure [Abstract]

Schedule of Deposits, Maturity of Certificates of Deposits and Amount of Certificates of Deposit with Denominations

Deposits consist of the following:


	June 30, 2026		December 31, 2025
Interest-bearing deposits:
Savings and money market accounts	$	7,059,536	$	6,599,737
Certificates of deposit	2,858,839		2,434,422
Checking accounts	417,861		425,324
Total	10,336,236		9,459,483
Noninterest-bearing deposits	429,031		374,387
Total deposits	$	10,765,267	$	9,833,870

Total certificates of deposit at June 30, 2026 are scheduled to mature as follows:


2026	$	1,576,853
2027	1,262,821
2028	6,792
2029	10,473
2030	1,259
Thereafter	641
Total certificates of deposit(1)	$	2,858,839

(1) Certificates of deposit in excess of the FDIC insurance limit of $250 thousand per account holder totaled $163.6 million at June 30, 2026.

- Definition

Tabular disclosure of type of deposit liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph d
-Publisher SEC

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph c
-Publisher SEC

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (5)
-Publisher SEC

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (4)
-Publisher SEC

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (3)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (2)
-Publisher SEC

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (1)
-Publisher SEC

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Publisher SEC

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (1)
-Publisher SEC

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)
-Publisher SEC

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(i)
-Publisher SEC

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iv)
-Publisher SEC

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iii)
-Publisher SEC

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(ii)
-Publisher SEC

+ Details

Fair Value Measurements - Schedule of Senior Asset-Backed Securities at Fair Value Activity (Details) - Senior asset-backed securities related to Structured Program transactions - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 3,246,380	$ 2,869,281	$ 3,092,410	$ 2,899,824
Additions	686,670	495,771	1,313,260	819,887
Cash received	(527,341)	(398,286)	(988,488)	(749,951)
Change in unrealized loss	(11,655)	(4,291)	(23,128)	(7,285)
Fair value at end of period	$ 3,394,054	$ 2,962,475	$ 3,394,054	$ 2,962,475

Leases - Schedule of Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Operating lease assets	$ 9,403	$ 12,942
Operating lease liabilities	$ 11,369	$ 15,826
Operating lease, right-of-use asset, statement of financial position	Other Assets	Other Assets
Operating lease, liability, statement of financial position	Other liabilities	Other liabilities

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation On June 22, 2026, LendingClub Corporation changed its corporate name to Happen, Inc., and changed the name of its wholly-owned banking subsidiary from LendingClub Bank, National Association to Happen Bank, National Association (Happen Bank). The Company was founded in 2006 and operates a leading, nationally chartered, digital marketplace bank that leverages data and technology to increase access to credit, reduce borrowing costs, and improve returns on savings for its members. Happen, Inc. is registered as a bank holding company and operates the vast majority of its business through its wholly-owned subsidiary, Happen Bank. These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and, in the opinion of management, contain all adjustments, including normal recurring adjustments, necessary for the fair statement of the results and financial position for the periods presented.
Consolidation	All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material.
Reclassifications	The Company made the following presentation changes in the condensed consolidated financial statements and accompanying notes in the first quarter of 2026: •The components previously aggregated under “Marketplace revenue” on the Condensed Consolidated Statements of Income (Income Statement), namely “Origination fees,” “Servicing fees,” “Gain on sales of loans,” and “Net fair value adjustments,” are now presented as separate line items on the Income Statement. •“Interest on loans held for sale,” “Interest and fees on loans and leases held for investment,” and “Interest on loans held for investment at fair value,” which previously appeared as separate line items on the Income Statement, have been combined into a single line item titled “Interest on loans.” In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation.
Election of Fair Value Option	Election of Fair Value Option Effective January 1, 2026, the Company elected the fair value option to account for held for investment (HFI) loans that were originated on or after that date. Prior to this election, loans that were originated as HFI were, and will continue to be, accounted for at amortized cost, which required the initial recognition of a CECL allowance for lifetime expected credit losses, recognized within “Provision for credit losses” on the Income Statement. The Company believes that applying the fair value option, rather than amortized cost accounting with the CECL methodology, to HFI loans more accurately reflects the in-period economic performance of the loans by better aligning the value of the loan to its then fair value. Under the fair value option, origination fee revenue and marketing costs are recognized at the time of loan origination within “Origination fees” and “Marketing expense,” respectively, on the Income Statement, rather than being deferred. Fair value adjustments on loans are also recognized in current period earnings within “Net fair value adjustments” and include the impact of credit losses that previously would have been recognized within “Provision for credit losses” under CECL. Further, by applying the fair value option to HFI loans, the Company is applying the same accounting methodology to all loans it originates on or after January 1, 2026, as both HFI and held for sale (HFS) loans will be measured at fair value.
Adoption of New Accounting Standards	Adoption of New Accounting Standards The Company did not adopt new accounting standards during the six months ended June 30, 2026. New Accounting Standards Not Yet Adopted In December 2025, the FASB issued ASU 2025-12, Codification Improvements, which makes incremental improvements to GAAP. The updates cover a broad range of topics arising from technical corrections, unintended applications of the codification, and other minor improvements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual reporting periods. The standard can be applied prospectively or retrospectively on a topic by topic basis. Early adoption is also permitted on a topic by topic basis. The Company is evaluating the impact of this ASU but does not expect it to be material. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270) – Narrow-Scope Improvements, which improves the navigability of the required interim disclosures and clarifies when the guidance is applicable. The amendments also provide guidance on what disclosures are required during the interim reporting periods. Additionally, the amendments also include a disclosure principle that requires entities to disclose events since the end of the last reporting period that have a material impact. The amendments of this standard are effective for interim reporting periods beginning after December 15, 2027. The amendments can be applied either prospectively or retrospectively. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In September 2025, the FASB issued ASU 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the guidance to reflect the software development approaches currently used. Specifically, the ASU eliminates accounting consideration of software project development stages and enhances the guidance around the “probable-to-complete” threshold. The new standard is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The amendments of this standard can be applied retrospectively, prospectively or on a modified prospective basis. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In November 2024, the FASB issued ASU 2024-03, Income Statement (Topic 220) – Reporting Comprehensive Income – Expense Disaggregation Disclosures, which improves income statement expense disclosure requirements, primarily through disaggregated disclosures of certain expense captions into specified categories within the footnotes to the financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

+ Details

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Senior Asset-Backed Securities (Details) - Senior asset-backed securities related to Structured Program transactions - Discount rate	Jun. 30, 2026	Dec. 31, 2025
Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.053	0.050
Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.068	0.054
Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.056	0.052

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Gross and Net Carrying Values and Accumulated Amortization of Intangible Assets

The gross and net carrying values and accumulated amortization were as follows:


	June 30, 2026		December 31, 2025
Gross carrying value	$	56,490	$	56,490
Accumulated amortization	(50,457)		(49,071)
Net carrying value	$	6,033	$	7,419

Schedule of Expected Future Amortization Expense for Intangible Assets

The expected future amortization expense for intangible assets as of June 30, 2026, is as follows:


2026	$	1,250
2027	1,943
2028	1,179
2029	729
2030	456
Thereafter	476
Total	$	6,033

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks	$ 11,957	$ 11,749
Interest-bearing deposits in banks	900,810	905,905
Total cash and cash equivalents	912,767	917,654
Restricted cash	15,455	12,783
Securities available for sale at fair value ($4,103,026 and $3,733,780 at amortized cost, respectively)	4,046,761	3,706,709
Loans held for sale at fair value	1,773,052	1,762,396
Loans held for investment at fair value	2,085,066	473,314
Loans and leases held for investment at amortized cost	3,186,145	4,272,812
Allowance for loan and lease losses	(192,893)	(275,743)
Loans and leases held for investment at amortized cost, net	2,993,252	3,997,069
Property, equipment and software, net	276,454	254,088
Goodwill	75,717	75,717
Other assets	370,516	368,086
Total assets	12,549,040	11,567,816
Deposits:
Interest-bearing	10,336,236	9,459,483
Noninterest-bearing	429,031	374,387
Total deposits	10,765,267	9,833,870
Other liabilities	216,308	233,518
Total liabilities	10,981,575	10,067,388
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 115,407,464 and 115,368,987 shares issued and outstanding, respectively	1,154	1,154
Additional paid-in capital	1,697,357	1,719,233
Accumulated deficit	(92,048)	(201,799)
Accumulated other comprehensive loss	(38,998)	(18,160)
Total equity	1,567,465	1,500,428
Total liabilities and equity	$ 12,549,040	$ 11,567,816

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) on Fair Value Hedges (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total loss on fair value hedges	$ 758	$ 740
Unsecured consumer loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	(406)	(153)
Derivatives	348	70
Interest settlement on derivative	147	(388)
Total loss on fair value hedges	89	(471)
Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	383	2,242
Derivatives	(413)	(2,346)
Interest settlement on derivative	699	1,315
Total loss on fair value hedges	$ 669	$ 1,211

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Fair Value Measurements - Schedule of Loans HFI at Fair Value Activity and Aggregate Fair Value of HFI Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	$ 3,858,118		$ 3,858,118		$ 2,235,710
Balance at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	3,161,857		3,161,857		4,251,852
Loans held for investment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	1,237,850	$ 818,882	473,314	$ 1,027,798
Originations	1,101,924	0	2,049,125	0
Purchases	58,600	0	86,235	12,744
Principal payments	(255,726)	(184,327)	(432,382)	(402,787)
Realized charge-offs, net of recoveries, recorded in earnings	(6,680)	(14,278)	(10,281)	(41,483)
Fair value adjustments recorded in earnings	(50,902)	11,459	(80,945)	35,464
Fair value at end of period	2,085,066	$ 631,736	2,085,066	$ 631,736
Fair value of loans held for investment	2,085,066		2,085,066		473,314
Loans held for investment \| Balance at Fair Value \| Off-balance Sheet Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	2,189,229		2,189,229		495,649
Cumulative fair value adjustments	(104,163)		(104,163)		(22,335)
Fair value of loans held for investment	2,085,066		2,085,066		473,314
Loans held for investment \| Balance at Fair Value \| Off-balance Sheet Loans \| 90 or more days past due
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	6,292		6,292		5,177
Cumulative fair value adjustments	(5,171)		(5,171)		(4,183)
Fair value of loans held for investment	$ 1,121		$ 1,121		$ 994

Securities Available for Sale - Schedule of Contractual Maturities of AFS Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Amortized Cost
Amortized Cost, Due within 1 year	$ 3,000
Amortized Cost, Due after 1 year through 5 years	3,672,108
Amortized Cost, Due after 5 years through 10 years	50,983
Amortized Cost, Due after 10 years	376,935
Amortized Cost	4,103,026	$ 3,733,780
Fair Value
Fair Value, Due within 1 year	2,978
Fair Value, Due after 1 year through 5 years	3,666,992
Fair Value, Due after 5 years through 10 years	46,071
Fair Value, Due after 10 years	330,720
Fair Value	$ 4,046,761	3,706,709
Weighted-average Yield, Due within 1 year	3.00%
Weighted-average Yield, Due after 1 year through 5 years	5.98%
Weighted-average Yield, Due after 5 years through 10 years	3.44%
Weighted-average Yield, Due after 10 years	3.15%
Weighted-average Yield	5.67%
U.S. agency securities
Amortized Cost
Amortized Cost, Due within 1 year	$ 3,000
Amortized Cost, Due after 1 year through 5 years	1,850
Amortized Cost, Due after 5 years through 10 years	39,464
Amortized Cost, Due after 10 years	37,153
Amortized Cost	81,467	84,464
Fair Value
Fair Value, Due within 1 year	2,978
Fair Value, Due after 1 year through 5 years	1,790
Fair Value, Due after 5 years through 10 years	34,844
Fair Value, Due after 10 years	30,670
Fair Value	70,282	73,862
Senior asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	3,390,657
Amortized Cost	3,390,657	3,065,885
Fair Value
Fair Value, Due after 1 year through 5 years	3,394,054
Fair Value	3,394,054	3,092,410
Other asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	266,096
Amortized Cost	266,096	224,802
Fair Value
Fair Value, Due after 1 year through 5 years	257,820
Fair Value	257,820	219,370
Mortgage-backed securities
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	2,517
Amortized Cost, Due after 5 years through 10 years	863
Amortized Cost, Due after 10 years	55,808
Amortized Cost	59,188	60,423
Fair Value
Fair Value, Due after 1 year through 5 years	2,370
Fair Value, Due after 5 years through 10 years	760
Fair Value, Due after 10 years	50,676
Fair Value	53,806	55,597
Municipal securities
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	457
Amortized Cost, Due after 5 years through 10 years	153
Amortized Cost, Due after 10 years	2,595
Amortized Cost	3,205	3,215
Fair Value
Fair Value, Due after 1 year through 5 years	431
Fair Value, Due after 5 years through 10 years	141
Fair Value, Due after 10 years	2,106
Fair Value	2,678	2,606
U.S. agency residential mortgage-backed securities
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	101
Amortized Cost, Due after 5 years through 10 years	2,355
Amortized Cost, Due after 10 years	274,762
Fair Value
Fair Value, Due after 1 year through 5 years	97
Fair Value, Due after 5 years through 10 years	2,265
Fair Value, Due after 10 years	241,013
Fair Value	243,375	236,061
Other securities
Amortized Cost
Amortized Cost, Due after 1 year through 5 years	10,430
Amortized Cost, Due after 5 years through 10 years	8,148
Amortized Cost, Due after 10 years	6,617
Amortized Cost	25,195	27,138
Fair Value
Fair Value, Due after 1 year through 5 years	10,430
Fair Value, Due after 5 years through 10 years	8,061
Fair Value, Due after 10 years	6,255
Fair Value	$ 24,746	$ 26,803

Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Borrowings

The following table summarizes the Company’s available borrowing capacity and the related pledged collateral:


	June 30, 2026				December 31, 2025
	Available Borrowing Capacity		Pledged Collateral(1)		Available Borrowing Capacity		Pledged Collateral(2)
FRB Discount Window	$	3,446,444	$	4,489,394	$	3,294,827	$	4,245,845
FHLB of Des Moines	672,819		843,283		679,361		861,913
Total	$	4,119,263	$	5,332,677	$	3,974,188	$	5,107,758

Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Other Liabilities [Abstract]
Accounts payable and accrued expenses	$ 83,540	$ 87,341
Due to borrowers	42,255	60,254
Payable to investors	14,496	11,926
Operating lease liabilities	11,369	15,826
Other	64,648	58,171
Total other liabilities	$ 216,308	$ 233,518

- Definition

Amount of liabilities classified as other.

+ References

+ Details

Derivative Instruments and Hedging Activities - Schedule of Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Loans and leases held for investment at amortized cost
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Closed Portfolio		$ 1,283,622
Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items	$ 400	1,597
Hedged layer of loans with a carrying amount		575,000
Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Closed Portfolio		1,091,921
Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items		727
Hedged layer of loans with a carrying amount		$ 475,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Insider Trading Arrangements

3 Months Ended

Jun. 30, 2026

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

The following table shows the trading arrangements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted by the Company’s directors and executive officers during the second quarter of 2026:

Name and Title

Adoption Date

Expiration Date

Aggregate Number of Shares to be Sold

Fergal Stack, Principal Accounting Officer

May 5, 2026

November 6, 2026

Up to 115,000

Jordan Cheng, General Counsel and Corporate Secretary

May 7, 2026

February 5, 2027

Up to 16,800

Erin Selleck, Director

June 2, 2026

June 4, 2027

Up to 15,379(1)

(1) The aggregate number of shares to be sold pursuant to this trading arrangement includes shares from outstanding restricted stock units that are subject to applicable service-based vesting conditions.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Fergal Stack [Member]

Trading Arrangements, by Individual

Name

Fergal Stack

Title

Principal Accounting Officer

Rule 10b5-1 Arrangement Adopted

true

May 5, 2026

November 6, 2026

185 days

115,000

Jordan Cheng [Member]

Trading Arrangements, by Individual

Name

Jordan Cheng

Title

General Counsel and Corporate Secretary

Rule 10b5-1 Arrangement Adopted

true

May 7, 2026

February 5, 2027

274 days

16,800

Erin Selleck [Member]

Trading Arrangements, by Individual

Name

Erin Selleck

Title

Director

Rule 10b5-1 Arrangement Adopted

true

June 2, 2026

June 4, 2027

367 days

15,379

Loans - Schedule of Charge-Offs by Origination Year (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2026 USD ($)
Term Loans and Leases by Origination Year
2025	$ 41,092
2024	28,300
2023	14,132
2022	13,338
Prior	2,335
Total	99,197
Consumer
Term Loans and Leases by Origination Year
2025	41,092
2024	28,300
2023	14,100
2022	13,212
Prior	2,335
Total	99,039
Consumer \| Unsecured consumer
Term Loans and Leases by Origination Year
2025	40,631
2024	28,086
2023	13,687
2022	12,900
Prior	2,270
Total	97,574
Consumer \| Residential mortgages
Term Loans and Leases by Origination Year
2025	0
2024	0
2023	0
2022	0
Prior	0
Total	0
Consumer \| Secured consumer
Term Loans and Leases by Origination Year
2025	461
2024	214
2023	413
2022	312
Prior	65
Total	1,465
Commercial
Term Loans and Leases by Origination Year
2025	0
2024	0
2023	32
2022	126
Prior	0
Total	158
Commercial \| Equipment finance
Term Loans and Leases by Origination Year
2025	0
2024	0
2023	0
2022	0
Prior	0
Total	0
Commercial \| Commercial real estate
Term Loans and Leases by Origination Year
2025	0
2024	0
2023	0
2022	0
Prior	0
Total	0
Commercial \| Commercial and industrial
Term Loans and Leases by Origination Year
2025	0
2024	0
2023	32
2022	126
Prior	0
Total	$ 158

Deposits - Schedule of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Interest-bearing deposits:
Savings and money market accounts	$ 7,059,536	$ 6,599,737
Certificates of deposit	2,858,839	2,434,422
Checking accounts	417,861	425,324
Total	10,336,236	9,459,483
Noninterest-bearing deposits	429,031	374,387
Total deposits	$ 10,765,267	$ 9,833,870

Loans - Schedule of Total Amount of Charge-Offs for Loan Modifications (Details) - Consumer - Unsecured consumer - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	$ 9,515	$ 11,342	$ 20,468	$ 27,786
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	1,944	2,132	3,790	4,718
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	228	381	667	903
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured consumer loans	$ 7,343	$ 8,829	$ 16,011	$ 22,165

Leases - Schedule of Future Minimum Lease Payments Based on Maturity for Sales-Type Leases (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Leases [Abstract]
2026	$ 5,725
2027	7,292
2028	3,576
2029	1,381
Total lease payments	17,974
Discount effect	(556)
Present value of future minimum lease payments	$ 17,418

Equity - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Stock options
Stock-based compensation expense, gross	$ 7,966	$ 10,506	$ 16,500	$ 20,427
Less: Capitalized stock-based compensation expense	1,012	1,441	1,972	2,843
Stock-based compensation expense, net	6,954	9,065	14,528	17,584
RSUs
Stock options
Stock-based compensation expense, gross	6,708	9,236	14,237	18,310
PBRSUs
Stock options
Stock-based compensation expense, gross	$ 1,258	$ 1,270	$ 2,263	$ 2,117

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Structured Program Transactions and Variable Interest Entities

6 Months Ended

Jun. 30, 2026

Transfers and Servicing [Abstract]

Structured Program Transactions and Variable Interest Entities

The Company’s VIEs relate to its Structured Program transactions. As of both June 30, 2026 and December 31, 2025, the Company did not consolidate any VIEs. Accordingly, holders of the related securities can look only to the assets of the VIEs that issued the securities and there is no direct recourse to the Company’s assets.

The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with unconsolidated VIEs:


	June 30, 2026		December 31, 2025

Assets


Securities available for sale at fair value	$	3,651,874		$	3,311,780




Other assets	61,786			53,660
Total assets	3,713,660			3,365,440
Liabilities



Other liabilities	—			1,023
Total liabilities	—			1,023
Total net assets (maximum loss exposure)	$	3,713,660		$	3,364,417

Maximum loss exposure represents estimated loss that would be incurred under severe, hypothetical circumstances, for which the Company believes the possibility is extremely remote, such as where the value of interests declines to zero. Accordingly, this required disclosure is not an indication of expected losses.

The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements:


	Three Months Ended June 30,				Six Months Ended June 30,

	2026		2025		2026		2025


Fair value of consideration received:
Cash	$	453,853	$	182,675	$	869,951	$	331,054
Net securities retained from Structured Program transactions	746,700		531,509		1,381,832		880,511
Other assets, net	14,605		10,682		27,190		16,656
Total consideration	1,215,158		724,866		2,278,973		1,228,221
Fair value of loans sold	(1,201,218)		(715,210)		(2,253,004)		(1,213,268)



Gain on sales of loans(1)	$	13,940	$	9,656	$	25,969	$	14,953

Cash proceeds from continuing involvement:
Servicing and other administrative fees	$	12,178	$	8,850	$	23,528	$	17,746


Interest received on securities retained from Structured Program transactions	$	50,747	$	50,147	$	101,743	$	101,281

(1) Consists primarily of servicing assets recognized at the time of loan sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale.

As of June 30, 2026, the aggregate unpaid principal balance attributable to off-balance sheet loans held by unconsolidated VIEs was $5.2 billion, of which $67.7 million was 30 days or more past due. As of December 31, 2025, the aggregate unpaid principal balance attributable to off-balance sheet loans held by unconsolidated VIEs was $4.4 billion, of which $64.9 million was 30 days or more past due. For such loans, the Company would only

experience a loss if it was required to repurchase a loan due to a breach in representations and warranties associated with its loan sale or servicing contracts.

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 108
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481296/860-20-55-108

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (cc)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-7

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(4)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480591/815-20-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/860/tableOfContent

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(5)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

+ Details

Fair Value Measurements - Schedule of Sensitivity of Loans HFI at Fair Value to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 3,858,118	$ 2,235,710
Loans held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	2,085,066	473,314
Discount rates, impact of 100 basis point increase	(29,672)	(2,832)
Discount rates, impact of 200 basis point increase	(58,442)	(5,633)
Expected credit loss rates on underlying loans, impact of 10% increase	(22,396)	(5,738)
Expected credit loss rates on underlying loans, impact of 20% increase	(42,903)	(13,161)
Expected prepayment rates, impact of 10% increase	(8,147)	(2,490)
Expected prepayment rates, impact of 20% increase	$ (16,582)	$ (4,979)
Loans held for investment \| Weighted Average \| Expected weighted-average life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 7 months 6 days	8 months 12 days

Equity (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
RSUs	$	6,708	$	9,236	$	14,237	$	18,310
PBRSUs	1,258		1,270		2,263		2,117

Stock-based compensation expense, gross	7,966		10,506		16,500		20,427
Less: Capitalized stock-based compensation expense	1,012		1,441		1,972		2,843
Stock-based compensation expense, net	$	6,954	$	9,065	$	14,528	$	17,584

Schedule of RSU Activity

The following table summarizes the Company’s RSU activity:


	Number of Units	Weighted- Average Grant Date Fair Value
Unvested at December 31, 2025	4,278,687	$	10.73
Granted	1,979,722	$	15.58
Vested	(1,867,714)	$	9.50
Forfeited	(510,128)	$	12.72
Unvested at June 30, 2026	3,880,567	$	13.53

Schedule of PBRSU Activity

The following table summarizes the Company’s PBRSU activity:


	Number of Units	Weighted- Average Grant Date Fair Value
Unvested at December 31, 2025	1,160,819	$	8.86
Granted	641,982	$	14.72
Vested	(485,134)	$	7.62
Forfeited	(43,690)	$	12.88
Unvested at June 30, 2026	1,273,977	$	12.14

Loans (Tables)

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Schedule of Loans and Leases Held for Investment at Amortized Cost and Components of the Allowance for Loan and Lease Losses and Components of Portfolio Segment Receivables

The Company’s loan portfolios consist of the following:


	June 30, 2026		December 31, 2025
Loans held for sale at fair value	$	1,773,052	$	1,762,396





Loans held for investment at fair value	2,085,066		473,314












Total loans at fair value	3,858,118		2,235,710

Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069




Total loans and leases	$	6,851,370	$	6,232,779


	June 30, 2026		December 31, 2025
Unsecured consumer	$	2,207,014	$	3,191,430
Residential mortgages	147,460		151,073
Secured consumer	190,778		261,045

Total consumer loans held for investment at amortized cost	2,545,252		3,603,548
Equipment finance(1)	33,249		39,757
Commercial real estate(2)(3)	460,203		472,489
Commercial and industrial	147,441		157,018
Total commercial loans and leases held for investment at amortized cost	640,893		669,264
Total loans and leases held for investment at amortized cost(4)	3,186,145		4,272,812
Allowance for loan and lease losses	(192,893)		(275,743)
Loans and leases held for investment at amortized cost, net	$	2,993,252	$	3,997,069

(1) Comprised of sales-type leases for equipment. See “Note 16. Leases” for additional information.

(2) Includes $279.6 million and $286.8 million in loans originated through the Small Business Administration (SBA) as of June 30, 2026 and December 31, 2025, respectively.

(3) As of both June 30, 2026 and December 31, 2025, the Commercial Real Estate (CRE) office loan balance was under $35 million.

The following table presents the components of the allowance for loan and lease losses (ALLL):


	June 30, 2026		December 31, 2025
Gross allowance for loan and lease losses(1)	$	227,500	$	312,667
Recovery asset value(2)	(34,607)		(36,924)
Allowance for loan and lease losses	$	192,893	$	275,743

(1) Represents the allowance for future estimated net charge-offs on existing portfolio balances.

(2) Represents the negative allowance for expected recoveries of amounts previously charged-off.


June 30, 2026	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	2,545,252		$	640,893		$	3,186,145

Allowance for loan and lease losses	$	176,727		$	16,166		$	192,893
Allowance ratio(1)	6.9		%	2.5		%	6.1		%

Gross allowance for loan and lease losses	$	211,334		$	16,166		$	227,500
Gross allowance ratio(1)	8.3		%	2.5		%	7.1		%


December 31, 2025	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	3,603,548		$	669,264		$	4,272,812

Allowance for loan and lease losses	$	258,811		$	16,932		$	275,743
Allowance ratio(1)	7.2		%	2.5		%	6.5		%

Gross allowance for loan and lease losses	$	295,735		$	16,932		$	312,667
Gross allowance ratio(1)	8.2		%	2.5		%	7.3		%

(1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases HFI at amortized cost.

The following table summarizes the aggregate fair value of the Company’s HFS loans as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	1,833,689	$	7,048	$	1,795,818	$	3,931
Cumulative fair value adjustments	(60,637)		(5,751)		(33,422)		(3,176)
Fair value of loans held for sale	$	1,773,052	$	1,297	$	1,762,396	$	755

The following table summarizes the aggregate fair value of the Company’s HFI loans at fair value as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	2,189,229	$	6,292	$	495,649	$	5,177
Cumulative fair value adjustments	(104,163)		(5,171)		(22,335)		(4,183)
Fair value of loans held for investment	$	2,085,066	$	1,121	$	473,314	$	994

Schedule of Activity in the ACL by Portfolio Segment

The activity in the ACL by portfolio segment was as follows:


	Three Months Ended June 30,
	2026						2025
	Consumer		Commercial		Total		Consumer		Commercial		Total
Allowance for loan and lease losses:
Beginning of period	$	221,196	$	16,501	$	237,697	$	227,608	$	16,585	$	244,193
Credit loss (benefit) expense	(10,486)		(399)		(10,885)		41,133		(537)		40,596

Charge-offs	(46,395)		(32)		(46,427)		(48,956)		(898)		(49,854)
Recoveries	12,412		96		12,508		17,648		406		18,054
End of period	$	176,727	$	16,166	$	192,893	$	237,433	$	15,556	$	252,989

Reserve for unfunded lending commitments:
Beginning of period	$	—	$	830	$	830	$	—	$	1,629	$	1,629
Credit loss benefit	—		(197)		(197)		—		(44)		(44)
End of period(1)	$	—	$	633	$	633	$	—	$	1,585	$	1,585


	Six Months Ended June 30,
	2026						2025
	Consumer		Commercial		Total		Consumer		Commercial		Total
Allowance for loan and lease losses:
Beginning of period	$	258,811	$	16,932	$	275,743	$	212,598	$	24,136	$	236,734
Credit loss (benefit) expense	(9,085)		(954)		(10,039)		97,081		(103)		96,978

Charge-offs	(99,039)		(158)		(99,197)		(107,300)		(9,130)		(116,430)
Recoveries	26,040		346		26,386		35,054		653		35,707
End of period	$	176,727	$	16,166	$	192,893	$	237,433	$	15,556	$	252,989

Reserve for unfunded lending commitments:
Beginning of period	$	—	$	1,009	$	1,009	$	—	$	1,183	$	1,183
Credit loss (benefit) expense	—		(376)		(376)		—		402		402
End of period(1)	$	—	$	633	$	633	$	—	$	1,585	$	1,585

(1) Relates to $35.2 million and $103.4 million of unfunded commitments as of June 30, 2026 and 2025, respectively.

Schedule of Charge-Offs by Origination Year and Consumer Lending Credit Quality Indicators and Commercial Lending Credit Quality Indicators

The following table presents charge-offs by origination year for the first half of 2026:



	Gross Charge-Offs by Origination Year
	2025		2024		2023		2022		Prior		Total
Unsecured consumer(1)	$	40,631	$	28,086	$	13,687	$	12,900	$	2,270	$	97,574
Residential mortgages	—		—		—		—		—		—
Secured consumer	461		214		413		312		65		1,465






Total consumer loans held for investment at amortized cost	41,092		28,300		14,100		13,212		2,335		99,039
Equipment finance	—		—		—		—		—		—
Commercial real estate	—		—		—		—		—		—
Commercial and industrial	—		—		32		126		—		158
Total commercial loans and leases held for investment at amortized cost	—		—		32		126		—		158

Total loans and leases held for investment at amortized cost	$	41,092	$	28,300	$	14,132	$	13,338	$	2,335	$	99,197

(1) Unsecured consumer loans are generally charged-off when a borrower is contractually 120 days past due.

The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year:


June 30, 2026	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		Prior		Total
Unsecured consumer
Current	$	1,285,108	$	501,367	$	201,392	$	163,284	$	11,819	$	2,162,970
30-59 days past due	7,453		4,833		2,130		1,802		340		16,558
60-89 days past due	6,663		3,628		1,664		1,617		246		13,818
90 or more days past due	6,145		3,607		1,686		1,522		312		13,272
Total unsecured consumer(1)	1,305,369		513,435		206,872		168,225		12,717		2,206,618
Residential mortgages
Current	—		—		—		39,964		106,534		146,498
30-59 days past due	—		—		—		—		—		—
60-89 days past due	—		—		—		—		—		—
90 or more days past due	—		—		—		—		962		962
Total residential mortgages	—		—		—		39,964		107,496		147,460
Secured consumer
Current	103,550		34,012		29,314		16,854		3,999		187,729
30-59 days past due	871		246		413		543		126		2,199
60-89 days past due	308		119		133		121		20		701
90 or more days past due	61		—		22		44		22		149
Total secured consumer	104,790		34,377		29,882		17,562		4,167		190,778






Total consumer loans held for investment at amortized cost	$	1,410,159	$	547,812	$	236,754	$	225,751	$	124,380	$	2,544,856

(1) Excludes basis adjustment for loans previously designated in fair value hedges under the portfolio layer method. As of June 30, 2026, the remaining unamortized basis adjustment totaled $0.4 million and represents an increase to the amortized cost of the previously hedged loans. See “Note 7. Derivative Instruments and Hedging Activities” for additional information.


December 31, 2025	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
Unsecured consumer
Current	$	1,741,108	$	740,483	$	326,147	$	283,513	$	39,605	$	—	$	3,130,856
30-59 days past due	9,084		5,680		3,533		3,591		603		—		22,491
60-89 days past due	6,500		5,447		2,887		3,051		665		—		18,550
90 or more days past due	4,862		6,049		3,105		3,223		697		—		17,936
Total unsecured consumer(1)	1,761,554		757,659		335,672		293,378		41,570		—		3,189,833
Residential mortgages
Current	—		—		—		40,931		50,129		59,039		150,099
30-59 days past due	—		—		—		—		—		—		—
60-89 days past due	—		—		—		—		—		888		888
90 or more days past due	—		—		—		—		—		86		86
Total residential mortgages	—		—		—		40,931		50,129		60,013		151,073
Secured consumer
Current	134,255		47,453		42,332		26,961		3,769		2,278		257,048
30-59 days past due	778		261		816		941		210		—		3,006
60-89 days past due	131		128		109		177		51		—		596
90 or more days past due	78		31		133		153		—		—		395
Total secured consumer	135,242		47,873		43,390		28,232		4,030		2,278		261,045






Total consumer loans held for investment at amortized cost	$	1,896,796	$	805,532	$	379,062	$	362,541	$	95,729	$	62,291	$	3,601,951

(1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2025, the basis adjustment totaled $1.6 million and represents an increase to the amortized cost of the hedged loans. See “Note 7. Derivative Instruments and Hedging Activities” for additional information.

The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year:


June 30, 2026	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		Prior		Total		Guaranteed Amount(1)
Equipment finance
Pass	$	—	$	—	$	—	$	18,817	$	8,961	$	27,778	$	—
Special mention	—		—		—		2,016		33		2,049		—
Substandard	—		—		—		—		2,728		2,728		—
Doubtful	—		—		—		694		—		694		—
Loss	—		—		—		—		—		—		—
Total equipment finance	—		—		—		21,527		11,722		33,249		—
Commercial real estate
Pass	96,288		35,495		63,273		92,421		147,568		435,045		29,645
Special mention	—		520		—		453		5,967		6,940		709
Substandard	—		—		—		422		15,980		16,402		3,834
Doubtful	—		—		—		—		60		60		—
Loss	—		—		—		1,121		635		1,756		1,536
Total commercial real estate	96,288		36,015		63,273		94,417		170,210		460,203		35,724
Commercial and industrial
Pass	23,977		26,420		13,198		12,056		25,422		101,073		68,584
Special mention	—		—		—		5,876		—		5,876		4,499
Substandard	—		2,635		9,175		11,238		6,872		29,920		20,677
Doubtful	—		—		—		2,880		1,443		4,323		3,444
Loss	—		751		1,783		3,715		—		6,249		6,249
Total commercial and industrial	23,977		29,806		24,156		35,765		33,737		147,441		103,453
Total commercial loans and leases held for investment at amortized cost	$	120,265	$	65,821	$	87,429	$	151,709	$	215,669	$	640,893	$	139,177

(1) Represents loan balances guaranteed by the SBA.


December 31, 2025	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		2021		Prior		Total		Guaranteed Amount(1)
Equipment finance
Pass	$	—	$	—	$	—	$	21,283	$	1,990	$	9,762	$	33,035	$	—
Special mention	—		—		—		2,587		227		—		2,814		—
Substandard	—		—		—		—		3,212		—		3,212		—
Doubtful	—		—		—		696		—		—		696		—
Loss	—		—		—		—		—		—		—		—
Total equipment finance	—		—		—		24,566		5,429		9,762		39,757		—
Commercial real estate
Pass	95,736		36,356		63,750		94,771		32,452		121,231		444,296		30,959
Special mention	—		—		—		—		—		6,088		6,088		—
Substandard	—		—		—		428		8,433		11,370		20,231		7,005
Doubtful	—		—		—		—		—		61		61		—
Loss	—		—		—		1,121		271		421		1,813		1,543
Total commercial real estate	95,736		36,356		63,750		96,320		41,156		139,171		472,489		39,507
Commercial and industrial
Pass	21,987		28,942		16,580		18,108		19,441		7,879		112,937		75,216
Special mention	—		—		—		8,535		2,959		67		11,561		9,264
Substandard	—		1,438		8,275		5,153		3,126		3,010		21,002		13,790
Doubtful	—		—		—		3,456		1,348		511		5,315		4,353
Loss	—		751		1,766		3,686		—		—		6,203		6,203
Total commercial and industrial	21,987		31,131		26,621		38,938		26,874		11,467		157,018		108,826
Total commercial loans and leases held for investment at amortized cost	$	117,723	$	67,487	$	90,371	$	159,824	$	73,459	$	160,400	$	669,264	$	148,333

(1) Represents loan balances guaranteed by the SBA.

Schedule of Analysis of the Past Due Loans and Leases HFI at Amortized Cost and Nonaccrual Loans and Leases

The following tables present loans and leases HFI at amortized cost within the commercial portfolio segment by delinquency status:


June 30, 2026	Current		30-59 Days		60-89 Days		90 or More Days		Total
Equipment finance	$	29,827	$	—	$	—	$	3,422	$	33,249
Commercial real estate	452,065		1,765		—		6,373		460,203
Commercial and industrial	118,763		2,560		2,888		23,230		147,441
Total commercial loans and leases held for investment at amortized cost	$	600,655	$	4,325	$	2,888	$	33,025	$	640,893


December 31, 2025	Current		30-59 Days		60-89 Days		90 or More Days		Total
Equipment finance	$	35,973	$	696	$	—	$	3,088	$	39,757
Commercial real estate	461,307		—		—		11,182		472,489
Commercial and industrial	133,526		1,540		1,878		20,074		157,018
Total commercial loans and leases held for investment at amortized cost	$	630,806	$	2,236	$	1,878	$	34,344	$	669,264

The following table presents nonaccrual loans and leases HFI at amortized cost:


	June 30, 2026				December 31, 2025
	Nonaccrual		Nonaccrual with no related ACL(1)		Nonaccrual		Nonaccrual with no related ACL(1)
Unsecured consumer	$	13,272	$	—	$	17,936	$	—
Residential mortgages	1,230		1,230		431		431
Secured consumer	149		—		395		—

Total nonaccrual consumer loans held for investment at amortized cost	14,651		1,230		18,762		431

Equipment finance	3,422		—		3,088		—
Commercial real estate	6,809		1,857		11,253		5,799
Commercial and industrial	30,437		10,997		27,329		10,137
Total nonaccrual commercial loans and leases held for investment at amortized cost(2)	40,668		12,854		41,670		15,936

Total nonaccrual loans and leases held for investment at amortized cost	$	55,319	$	14,084	$	60,432	$	16,367

(1) Subset of total nonaccrual loans and leases HFI at amortized cost.

(2) Includes $28.3 million and $29.7 million in loan balances guaranteed by the SBA as of June 30, 2026 and December 31, 2025, respectively.


	June 30, 2026				December 31, 2025
	Nonaccrual		Nonaccrual Ratios(1)		Nonaccrual		Nonaccrual Ratios(1)
Total nonaccrual consumer loans held for investment at amortized cost	$	14,651	0.6	%	$	18,762	0.5	%
Total nonaccrual commercial loans and leases held for investment at amortized cost	40,668		6.3	%	41,670		6.2	%
Total nonaccrual loans and leases held for investment at amortized cost	$	55,319	1.7	%	$	60,432	1.4	%

(1) Calculated as the ratio of nonaccrual loans and leases to loans and leases HFI at amortized cost.

Schedule of Loan Modifications and Amortized Cost of Loan Modifications

The table below presents the amortized cost of loans that were modified during the periods presented, by modification type:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025





Short-term payment reduction	$	5,829		$	6,892		$	10,835		$	12,686
Permanent loan modification	1,384			1,764			3,007			3,286
Debt settlement	2,373			2,859			2,383			2,903
Total loan modifications – unsecured consumer loans	$	9,586		$	11,515		$	16,225		$	18,875

% of unsecured consumer loans at amortized cost as of period end	0.4		%	0.3		%	0.7		%	0.6		%

The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months:



	June 30, 2026						June 30, 2025
	Short-term Payment Reduction		Permanent Loan Modification		Debt Settlement		Short-term Payment Reduction		Permanent Loan Modification		Debt Settlement
Unsecured consumer loans
Current	$	14,475	$	5,244	$	7	$	17,743	$	5,433	$	—
30-59 days	1,191		180		10		1,372		135		—
60-89 days	840		143		225		1,240		242		535
90 or more days	575		64		2,145		1,074		153		2,374
Total loan modifications	$	17,081	$	5,631	$	2,387	$	21,429	$	5,963	$	2,909

Schedule of Total Amount of Charge-Offs for Loan Modifications

The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025





Short-term payment reduction	$	1,944	$	2,132	$	3,790	$	4,718
Permanent loan modification	228		381		667		903
Debt settlement	7,343		8,829		16,011		22,165
Total loan modifications – unsecured consumer loans	$	9,515	$	11,342	$	20,468	$	27,786

Structured Program Transactions and Variable Interest Entities - Schedule of VIE Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Total securities available for sale	$ 4,046,761	$ 3,706,709
Other assets	370,516	368,086
Total assets	12,549,040	11,567,816
Liabilities:
Other liabilities	216,308	233,518
Total liabilities	10,981,575	10,067,388
Unconsolidated
Assets
Total securities available for sale	3,651,874	3,311,780
Other assets	61,786	53,660
Total assets	3,713,660	3,365,440
Liabilities:
Other liabilities	0	1,023
Total liabilities	0	1,023
Total net assets (maximum loss exposure)	$ 3,713,660	$ 3,364,417

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 41: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

+ Details

- Definition

Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(14))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

- Definition

Amount of assets classified as other.

+ References

+ Details

- Definition

Amount of liabilities classified as other.

+ References

+ Details

Deposits - Schedule of Maturity of Certificates of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Other Liabilities Disclosure [Abstract]
2026	$ 1,576,853
2027	1,262,821
2028	6,792
2029	10,473
2030	1,259
Thereafter	641
Total certificates of deposit	2,858,839	$ 2,434,422
Uninsured certificates of deposit	$ 163,600

Condensed Consolidated Statements of Income - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Interest income:

Interest on loans

^[1]

$ 206,397

$ 174,645

$ 406,294

$ 340,818

Interest on securities available for sale

55,114

55,339

109,525

111,619

Other interest income

7,424

7,113

14,323

16,719

Total interest income

268,935

237,097

530,142

469,156

Interest expense:

Interest on deposits

89,916

82,845

174,887

164,945

Other interest expense

Total interest expense

89,918

82,848

174,891

164,950

Net interest income

179,017

154,249

355,251

304,206

Non-interest income:

Gain on sales of loans

^[1]

21,461

13,540

37,730

25,742

Net fair value adjustments

^[1]

(121,145)

(27,869)

(210,070)

(57,120)

Other non-interest income

6,626

4,542

12,098

6,653

Total non-interest income

83,838

94,186

159,855

161,940

Total net revenue

262,855

248,435

515,106

466,146

Provision for credit losses

(10,917)

39,733

(10,527)

97,882

Non-interest expense:

Compensation and benefits

68,221

61,989

133,735

120,378

Marketing

62,580

33,580

117,995

62,819

Equipment and software

15,846

14,495

31,139

29,139

Depreciation and amortization

18,152

15,460

33,971

29,369

Professional services

11,989

10,300

23,756

20,064

Occupancy

4,982

4,787

11,373

9,132

Other non-interest expense

16,345

14,107

30,679

27,684

Total non-interest expense

198,115

154,718

382,648

298,585

Income before income tax expense

75,657

53,984

142,985

69,679

Income tax expense

(17,509)

(15,806)

(33,234)

(19,830)

Net income

$ 58,148

$ 38,178

$ 109,751

$ 49,849

Earnings per share:

Basic EPS (in USD per share)

$ 0.50

$ 0.33

$ 0.95

$ 0.44

Diluted EPS (in USD per share)

$ 0.50

$ 0.33

$ 0.94

$ 0.43

Weighted-average common shares – Basic (in shares)

115,376,906

114,409,231

115,388,669

114,053,292

Weighted-average common shares – Diluted (in shares)

117,274,710

115,692,969

117,304,006

115,936,910

Origination fees

Non-interest income:

Fees

^[1]

$ 164,006

$ 87,578

$ 294,094

$ 157,522

Servicing fees

Non-interest income:

Fees

^[1]

$ 12,890

$ 16,395

$ 26,003

$ 29,143

[1]	Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.

Segment Reporting - Schedule of Segment Reporting Information by Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Assets
Total cash and cash equivalents	$ 912,767		$ 917,654	$ 752,562
Restricted cash	15,455		12,783	21,759
Total securities available for sale	4,046,761		3,706,709
Loans held for investment at fair value	2,085,066		473,314
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069
Property, equipment and software, net	276,454		254,088
Goodwill	75,717		75,717
Other assets	370,516		368,086
Total assets	12,549,040		11,567,816
Liabilities and Equity
Total deposits	10,765,267		9,833,870
Other liabilities	216,308		233,518
Total liabilities	10,981,575		10,067,388
Total equity	1,567,465	$ 1,523,528	1,500,428	$ 1,406,035	$ 1,364,517	$ 1,341,731
Total liabilities and equity	12,549,040		11,567,816
Operating Segments
Assets
Total cash and cash equivalents	1,000,697		1,028,333
Restricted cash	16,557		16,659
Total securities available for sale	4,046,761		3,706,709
Loans held for sale at fair value	1,773,052		1,762,396
Loans held for investment at fair value	2,085,066		473,314
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069
Property, equipment and software, net	276,454		254,088
Investment in subsidiary	938,499		903,339
Goodwill	75,717		75,717
Other assets	374,382		388,811
Total assets	13,580,437		12,606,435
Liabilities and Equity
Total deposits	10,854,299		9,948,426
Other liabilities	220,174		254,243
Total liabilities	11,074,473		10,202,669
Total equity	2,505,964		2,403,766
Total liabilities and equity	13,580,437		12,606,435
Operating Segments \| Happen Bank
Assets
Total cash and cash equivalents	899,767		901,246
Restricted cash	0		0
Total securities available for sale	4,036,374		3,696,626
Loans held for sale at fair value	1,773,052		1,762,396
Loans held for investment at fair value	2,084,515		472,301
Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069
Property, equipment and software, net	273,467		250,168
Investment in subsidiary	0		0
Goodwill	75,717		75,717
Other assets	340,699		316,488
Total assets	12,476,843		11,472,011
Liabilities and Equity
Total deposits	10,854,299		9,948,426
Other liabilities	193,744		217,930
Total liabilities	11,048,043		10,166,356
Total equity	1,428,800		1,305,655
Total liabilities and equity	12,476,843		11,472,011
Operating Segments \| Happen, Inc. (Parent only)
Assets
Total cash and cash equivalents	100,930		127,087
Restricted cash	16,557		16,659
Total securities available for sale	10,387		10,083
Loans held for sale at fair value	0		0
Loans held for investment at fair value	551		1,013
Loans and leases held for investment at amortized cost, net	0		0
Property, equipment and software, net	2,987		3,920
Investment in subsidiary	938,499		903,339
Goodwill	0		0
Other assets	33,683		72,323
Total assets	1,103,594		1,134,424
Liabilities and Equity
Total deposits	0		0
Other liabilities	26,430		36,313
Total liabilities	26,430		36,313
Total equity	1,077,164		1,098,111
Total liabilities and equity	1,103,594		1,134,424
Intercompany Eliminations
Assets
Total assets	(1,031,397)		(1,038,619)
Liabilities and Equity
Total liabilities	(92,898)		(135,281)
Total equity	$ (938,499)		$ (903,338)

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2026	Jul. 17, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Entity File Number	001-36771
Entity Registrant Name	Happen, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0605731
Entity Address, Address Line One	88 Kearny Street,
Entity Address, Address Line Two	Suite 600,
Entity Address, City or Town	San Francisco,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94108
City Area Code	415
Local Phone Number	930-7440
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	HAPN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,407,464
Entity Central Index Key	0001409970
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Amendment Flag	false
Transition Report	false

Structured Program Transactions and Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2026

Transfers and Servicing [Abstract]

Schedule of VIE Assets and Liabilities and Unconsolidated VIEs

The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with unconsolidated VIEs:


	June 30, 2026		December 31, 2025

Assets


Securities available for sale at fair value	$	3,651,874		$	3,311,780




Other assets	61,786			53,660
Total assets	3,713,660			3,365,440
Liabilities



Other liabilities	—			1,023
Total liabilities	—			1,023
Total net assets (maximum loss exposure)	$	3,713,660		$	3,364,417

The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements:


	Three Months Ended June 30,				Six Months Ended June 30,

	2026		2025		2026		2025


Fair value of consideration received:
Cash	$	453,853	$	182,675	$	869,951	$	331,054
Net securities retained from Structured Program transactions	746,700		531,509		1,381,832		880,511
Other assets, net	14,605		10,682		27,190		16,656
Total consideration	1,215,158		724,866		2,278,973		1,228,221
Fair value of loans sold	(1,201,218)		(715,210)		(2,253,004)		(1,213,268)



Gain on sales of loans(1)	$	13,940	$	9,656	$	25,969	$	14,953

Cash proceeds from continuing involvement:
Servicing and other administrative fees	$	12,178	$	8,850	$	23,528	$	17,746


Interest received on securities retained from Structured Program transactions	$	50,747	$	50,147	$	101,743	$	101,281

(1) Consists primarily of servicing assets recognized at the time of loan sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Other Liabilities [Abstract]

Schedule of Other Liabilities

Other liabilities consist of the following:


	June 30, 2026		December 31, 2025
Accounts payable and accrued expenses	$	83,540	$	87,341
Due to borrowers(1)	42,255		60,254
Payable to investors(2)	14,496		11,926
Operating lease liabilities	11,369		15,826


Other	64,648		58,171
Total other liabilities	$	216,308	$	233,518

(1) Represents originated loans for which disbursement of funds is pending to borrowers.

(2) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 122.6	$ 98.2
Unfunded Loan Commitment, Commitments To Extend Credit
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 35.2	$ 52.0	$ 103.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482645/405-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.W.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479583/944-40-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482395/460-10-55-27

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

+ Details

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFS (Details) - Level 3	Jun. 30, 2026	Dec. 31, 2025
Discount rate \| Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.069	0.066
Discount rate \| Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.089	0.090
Discount rate \| Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.075	0.071
Annualized net credit loss rate \| Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.034	0.033
Annualized net credit loss rate \| Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.128	0.160
Annualized net credit loss rate \| Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.066	0.063
Annualized prepayment rate \| Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.203	0.205
Annualized prepayment rate \| Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.278	0.260
Annualized prepayment rate \| Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input	0.259	0.255

Property, Equipment and Software, Net - Schedule of Property, Equipment and Software, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	$ 383,689	$ 383,443
Accumulated depreciation and amortization	(107,235)	(129,355)
Total property, equipment and software, net	276,454	254,088
Software
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	263,966	259,773
Software
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	36,000	28,300
Purchased software
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	6,900	6,800
Land, building and building improvements
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	97,569	81,601
Building improvements
Property, Plant, and Equipment [Line Items]
Total property, equipment and software		7,700
Leasehold improvements
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	10,157	30,686
Computer equipment
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	7,528	5,829
Furniture and fixtures
Property, Plant, and Equipment [Line Items]
Total property, equipment and software	$ 4,469	$ 5,554

Equity - Schedule of RSU Activity and PBRSU Activity (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2026
RSUs
Number of Units
Unvested, beginning (in shares)		4,278,687
Granted (in shares)		1,979,722
Vested (in shares)		(1,867,714)
Forfeited (in shares)		(510,128)
Unvested, ending (in shares)	3,880,567	3,880,567
Weighted- Average Grant Date Fair Value
Unvested, beginning (in USD per share)		$ 10.73
Granted (in USD per share)		15.58
Vested (in USD per share)		9.50
Forfeited (in USD per share)		12.72
Unvested, ending (in USD per share)	$ 13.53	$ 13.53
PBRSUs
Number of Units
Unvested, beginning (in shares)		1,160,819
Granted (in shares)		641,982
Vested (in shares)		(485,134)
Forfeited (in shares)	(43,690)
Unvested, ending (in shares)	1,273,977	1,273,977
Weighted- Average Grant Date Fair Value
Unvested, beginning (in USD per share)		$ 8.86
Granted (in USD per share)		14.72
Vested (in USD per share)		7.62
Forfeited (in USD per share)	$ 12.88
Unvested, ending (in USD per share)	$ 12.14	$ 12.14

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

The following table summarizes the Company’s net deferred tax assets:


	June 30, 2026		December 31, 2025
Deferred tax assets, net of liabilities	$	139,730	$	144,206
Valuation allowance	(48,047)		(48,047)
Deferred tax assets, net of valuation allowance	$	91,683	$	96,159

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Assets
Loans held for sale at fair value	$ 1,773,052		$ 1,762,396
Loans held for investment at fair value	2,085,066		473,314
Securities available for sale:
Total securities available for sale	4,046,761		3,706,709
Servicing assets	72,974	$ 67,078	65,167	$ 57,909	$ 56,904	$ 60,697
Other assets	10,820		2,099
Total assets	7,988,673		6,009,685
Liabilities:
Other liabilities	1,845		5,783
Total liabilities	1,845		5,783
Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	3,394,054		3,092,410
Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	257,820		219,370
U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	243,375		236,061
U.S. agency securities
Securities available for sale:
Total securities available for sale	70,282		73,862
Mortgage-backed securities
Securities available for sale:
Total securities available for sale	53,806		55,597
Municipal securities
Securities available for sale:
Total securities available for sale	2,678		2,606
Other securities
Securities available for sale:
Total securities available for sale	24,746		26,803
Level 1
Assets
Loans held for sale at fair value	0		0
Loans held for investment at fair value	0		0
Securities available for sale:
Total securities available for sale	0		0
Servicing assets	0		0
Other assets	0		0
Total assets	0		0
Liabilities:
Other liabilities	0		0
Total liabilities	0		0
Level 1 \| Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| U.S. agency securities
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| Municipal securities
Securities available for sale:
Total securities available for sale	0		0
Level 1 \| Other securities
Securities available for sale:
Total securities available for sale	0		0
Level 2
Assets
Loans held for sale at fair value	0		0
Loans held for investment at fair value	0		0
Securities available for sale:
Total securities available for sale	384,500		384,846
Servicing assets	0		0
Other assets	10,820		2,099
Total assets	395,320		386,945
Liabilities:
Other liabilities	1,845		3,918
Total liabilities	1,845		3,918
Level 2 \| Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0		0
Level 2 \| Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0		0
Level 2 \| U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	243,375		236,061
Level 2 \| U.S. agency securities
Securities available for sale:
Total securities available for sale	70,282		73,862
Level 2 \| Mortgage-backed securities
Securities available for sale:
Total securities available for sale	53,806		55,597
Level 2 \| Municipal securities
Securities available for sale:
Total securities available for sale	2,678		2,606
Level 2 \| Other securities
Securities available for sale:
Total securities available for sale	14,359		16,720
Level 3
Assets
Loans held for sale at fair value	1,773,052		1,762,396
Loans held for investment at fair value	2,085,066		473,314
Securities available for sale:
Total securities available for sale	3,662,261		3,321,863
Servicing assets	72,974		65,167
Other assets	0		0
Total assets	7,593,353		5,622,740
Liabilities:
Other liabilities	0		1,865
Total liabilities	0		1,865
Level 3 \| Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	3,394,054		3,092,410
Level 3 \| Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	257,820		219,370
Level 3 \| U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0		0
Level 3 \| U.S. agency securities
Securities available for sale:
Total securities available for sale	0		0
Level 3 \| Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0		0
Level 3 \| Municipal securities
Securities available for sale:
Total securities available for sale	0		0
Level 3 \| Other securities
Securities available for sale:
Total securities available for sale	$ 10,387		$ 10,083

Condensed Consolidated Statements of Cash Flows (Cash, Cash Equivalents and Restricted Cash) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 912,767	$ 917,654	$ 752,562
Restricted cash	15,455	12,783	21,759
Total cash, cash equivalents and restricted cash	$ 928,222	$ 930,437	$ 774,321	$ 977,396

- Definition

Amount of cash and cash equivalent restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.

+ References + Details

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted EPS

The following table details the computation of the Company’s basic and diluted earnings per share (EPS):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic EPS:
Net income	$	58,148	$	38,178	$	109,751	$	49,849
Weighted-average common shares – Basic	115,376,906		114,409,231		115,388,669		114,053,292
Basic EPS	$	0.50	$	0.33	$	0.95	$	0.44

Diluted EPS:
Net income	$	58,148	$	38,178	$	109,751	$	49,849
Weighted-average common shares – Diluted	117,274,710		115,692,969		117,304,006		115,936,910
Diluted EPS	$	0.50	$	0.33	$	0.94	$	0.43

Loans - Schedule of Analysis of the Past Due Loans and Leases HFI at Amortized Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	$ 3,186,145	$ 4,272,812
Commercial
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	640,893	669,264
Commercial \| Total
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	640,893	669,264
Commercial \| Current
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	600,655	630,806
Commercial \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	4,325	2,236
Commercial \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	2,888	1,878
Commercial \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	33,025	34,344
Commercial \| Equipment finance
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	33,249	39,757
Commercial \| Equipment finance \| Total
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	33,249	39,757
Commercial \| Equipment finance \| Current
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	29,827	35,973
Commercial \| Equipment finance \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	0	696
Commercial \| Equipment finance \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	0	0
Commercial \| Equipment finance \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	3,422	3,088
Commercial \| Commercial real estate
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	460,203	472,489
Commercial \| Commercial real estate \| Total
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	460,203	472,489
Commercial \| Commercial real estate \| Current
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	452,065	461,307
Commercial \| Commercial real estate \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	1,765	0
Commercial \| Commercial real estate \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	0	0
Commercial \| Commercial real estate \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	6,373	11,182
Commercial \| Commercial and industrial
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	147,441	157,018
Commercial \| Commercial and industrial \| Total
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	147,441	157,018
Commercial \| Commercial and industrial \| Current
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	118,763	133,526
Commercial \| Commercial and industrial \| 30-59 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	2,560	1,540
Commercial \| Commercial and industrial \| 60-89 days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	2,888	1,878
Commercial \| Commercial and industrial \| 90 or more days past due
Financing Receivable, Modified [Line Items]
Total commercial loans and leases held for investment at amortized cost	$ 23,230	$ 20,074

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives Not Designated (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 2,100,000	$ 453,737
Derivative Asset	9,673	528
Derivative Liability	(698)	(1,561)
Credit derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	0	3,737
Derivative Asset	0	0
Derivative Liability	0	(1,327)
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	2,100,000	450,000
Derivative Asset	9,673	528
Derivative Liability	(698)	(234)
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	775,000	325,000
Derivative Asset	7,801	528
Derivative Liability	0	0
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	1,325,000	125,000
Derivative Asset	1,872	0
Derivative Liability	$ (698)	$ (234)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Segment Reporting - Narratives (Details)	6 Months Ended
Segment Reporting - Narratives (Details)	Jun. 30, 2026
Segment Reporting [Abstract]
Number of reportable segments not disclosed	Reportable Segments

Securities Available for Sale - Schedule of Activity in Credit Valuation Allowance for AFS Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, beginning of period			$ 4,093
Allowance for credit losses, end of period	$ 3,981		3,981
Other asset-backed securities related to Structured Program transactions
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, beginning of period	3,816	$ 4,848	4,093	$ 3,527
Credit loss expense (benefit) for securities available for sale	165	(819)	(112)	502
Allowance for credit losses, end of period	$ 3,981	$ 4,029	$ 3,981	$ 4,029

Borrowings - Schedule of Available Borrowing Capacity and Related Pledged Collateral (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Available Borrowing Capacity	$ 4,119,263	$ 3,974,188
Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	5,332,677	5,107,758
FRB Discount Window \| Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	4,489,394	4,245,845
FRB Discount Window \| Assets Pledged As Collateral \| Loans
Debt Instrument [Line Items]
Pledged Collateral		4,200,000
FHLB of Des Moines \| Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	843,283	861,913
FHLB of Des Moines \| Assets Pledged As Collateral \| Loans
Debt Instrument [Line Items]
Pledged Collateral		486,200
FHLB of Des Moines \| Assets Pledged As Collateral \| Securities
Debt Instrument [Line Items]
Pledged Collateral		375,700
FRB Discount Window
Debt Instrument [Line Items]
Available Borrowing Capacity	3,446,444	3,294,827
FRB Discount Window \| FRB Discount Window \| Assets Pledged As Collateral \| Loans
Debt Instrument [Line Items]
Pledged Collateral	4,500,000
FHLB of Des Moines
Debt Instrument [Line Items]
Available Borrowing Capacity	672,819	$ 679,361
FHLB of Des Moines \| FHLB of Des Moines \| Assets Pledged As Collateral \| Loans
Debt Instrument [Line Items]
Pledged Collateral	467,700
FHLB of Des Moines \| FHLB of Des Moines \| Assets Pledged As Collateral \| Securities
Debt Instrument [Line Items]
Pledged Collateral	$ 375,600

Fair Value Measurements

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements

For a description of the fair value hierarchy and the Company’s fair value methodologies, see “Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies” in the Annual Report. The Company records certain assets and liabilities at fair value as listed in the following tables.

Recurring Fair Value Measurements

The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis:


June 30, 2026	Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans held for sale at fair value	$	—	$	—	$	1,773,052	$	1,773,052


Loans held for investment at fair value	—		—		2,085,066		2,085,066
Securities available for sale:
Senior asset-backed securities related to Structured Program transactions	—		—		3,394,054		3,394,054
Other asset-backed securities related to Structured Program transactions	—		—		257,820		257,820
U.S. agency residential mortgage-backed securities	—		243,375		—		243,375
U.S. agency securities	—		70,282		—		70,282
Mortgage-backed securities	—		53,806		—		53,806
Municipal securities	—		2,678		—		2,678
Other securities	—		14,359		10,387		24,746

Total securities available for sale	—		384,500		3,662,261		4,046,761
Servicing assets	—		—		72,974		72,974
Other assets	—		10,820		—		10,820
Total assets	$	—	$	395,320	$	7,593,353	$	7,988,673

Liabilities:



Other liabilities	$	—	$	1,845	$	—	$	1,845
Total liabilities	$	—	$	1,845	$	—	$	1,845


December 31, 2025	Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans held for sale at fair value	$	—	$	—	$	1,762,396	$	1,762,396


Loans held for investment at fair value	—		—		473,314		473,314
Securities available for sale:
Senior asset-backed securities related to Structured Program transactions	—		—		3,092,410		3,092,410
U.S. agency residential mortgage-backed securities	—		236,061		—		236,061
Other asset-backed securities related to Structured Program transactions	—		—		219,370		219,370
U.S. agency securities	—		73,862		—		73,862
Mortgage-backed securities	—		55,597		—		55,597
Municipal securities	—		2,606		—		2,606
Other securities	—		16,720		10,083		26,803

Total securities available for sale	—		384,846		3,321,863		3,706,709
Servicing assets	—		—		65,167		65,167
Other assets	—		2,099		—		2,099
Total assets	$	—	$	386,945	$	5,622,740	$	6,009,685

Liabilities:



Other liabilities	$	—	$	3,918	$	1,865	$	5,783
Total liabilities	$	—	$	3,918	$	1,865	$	5,783

Financial instruments are categorized in the valuation hierarchy based on the significance of observable or unobservable factors in the overall fair value measurement. For the financial instruments listed in the tables above that do not trade in an active market with readily observable prices, the Company uses significant unobservable inputs to measure the fair value of these assets and liabilities. The Company primarily uses a discounted cash flow (DCF) model to estimate the fair value of Level 3 instruments based on the present value of estimated future cash flows. This model uses inputs that inherently require judgment and reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. The Company did not transfer any assets or liabilities in or out of Level 3 during the second quarters and first halves of 2026 or 2025.

The following significant unobservable inputs, as applicable, were used in the fair value measurement of the Company’s Level 3 assets:

•Discount rate – The weighted-average rate at which the expected cash flows are discounted to arrive at the net present value of the loan. The discount rate is primarily determined based on the Company’s estimate of market participants’ return expectations.

•Annualized net credit loss rate – The annualized rate of lifetime charge-offs, net of recoveries, expressed as a percentage of the average lifetime principal balance of loan pools with similar risk characteristics.

•Annualized prepayment rate – The annualized rate of lifetime prepayments expressed as a percentage of the average lifetime principal balance of loan pools with similar risk characteristics.

An increase in each of the inputs above, in isolation, would result in a decrease in the fair value measurement.

The sensitivity calculations are hypothetical and should not be considered to be predictive of future performance. The effect on fair value of a variation in assumptions generally cannot be determined because the relationship of the

change in assumptions to the fair value may not be linear. Changes in one factor may lead to changes in other factors, which could impact the hypothetical results.

Loans Held for Sale at Fair Value

Significant Unobservable Inputs

The following significant unobservable inputs were used in the fair value measurement of HFS loans:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	6.9	%	8.9	%	7.5	%	6.6	%	9.0	%	7.1	%
Annualized net credit loss rate	3.4	%	12.8	%	6.6	%	3.3	%	16.0	%	6.3	%
Annualized prepayment rate	20.3	%	27.8	%	25.9	%	20.5	%	26.0	%	25.5	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

Fair Value Sensitivity

The sensitivity of HFS loans at fair value to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Loans held for sale at fair value	$	1,773,052	$	1,762,396
Expected remaining weighted-average life (in years)	1.2		1.4
Discount rate:
100 basis point increase	$	(19,743)	$	(21,458)
200 basis point increase	$	(39,096)	$	(42,471)
Annualized net credit loss rate:
10% increase	$	(22,606)	$	(20,970)
20% increase	$	(45,403)	$	(41,766)
Annualized prepayment rate:
10% increase	$	(7,760)	$	(5,703)
20% increase	$	(14,574)	$	(10,546)

Fair Value Reconciliation

The following table presents the activity for HFS loans at fair value:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	1,836,121	$	703,378	$	1,762,396	$	636,352
Originations	2,033,047		1,654,313		3,735,730		2,918,045
Sales	(1,815,442)		(1,217,166)		(3,199,716)		(2,314,095)
Principal payments	(214,534)		(101,107)		(400,955)		(169,662)

Realized charge-offs, net of recoveries, recorded in earnings	(18,494)		(4,663)		(30,560)		(11,367)
Fair value adjustments recorded in earnings(1)	(47,646)		(26,587)		(93,843)		(51,105)
Fair value at end of period	$	1,773,052	$	1,008,168	$	1,773,052	$	1,008,168

The following table summarizes the aggregate fair value of the Company’s HFS loans as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	1,833,689	$	7,048	$	1,795,818	$	3,931
Cumulative fair value adjustments	(60,637)		(5,751)		(33,422)		(3,176)
Fair value of loans held for sale	$	1,773,052	$	1,297	$	1,762,396	$	755

Loans Held for Investment at Fair Value

Effective January 1, 2026, the Company elected the fair value option for HFI loans originated on or after that date. As a result, the current period includes all newly originated loans across multiple products, including unsecured consumer loans (personal loans and purchase finance loans), auto loans, and small business loans. In periods prior to this election, the Company’s HFI loan portfolio measured at fair value consisted solely of purchased unsecured personal loans that it had previously originated and sold. Accordingly, the significant unobservable inputs presented in the table below reflect a different loan product mix in the current period compared to the prior period.

Significant Unobservable Inputs

The following significant unobservable inputs were used in the fair value measurement of HFI loans:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	5.5	%	11.2	%	7.1	%	6.5	%	8.5	%	7.0	%
Annualized net charge-off rate	0.3	%	13.4	%	5.0	%	4.1	%	19.1	%	7.4	%
Annualized prepayment rate	18.3	%	46.5	%	25.4	%	19.6	%	21.1	%	20.0	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

Fair Value Sensitivity

The sensitivity of HFI loans at fair value to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Loans held for investment at fair value	$	2,085,066	$	473,314
Expected remaining weighted-average life (in years)	1.6		0.7
Discount rate:
100 basis point increase	$	(29,672)	$	(2,832)
200 basis point increase	$	(58,442)	$	(5,633)
Annualized net credit loss rate:
10% increase	$	(22,396)	$	(5,738)
20% increase	$	(42,903)	$	(13,161)
Annualized prepayment rate:
10% increase	$	(8,147)	$	(2,490)
20% increase	$	(16,582)	$	(4,979)

Fair Value Reconciliation

The following table presents the activity for HFI loans at fair value:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	1,237,850	$	818,882	$	473,314	$	1,027,798
Originations	1,101,924		—		2,049,125		—

Purchases	58,600		—		86,235		12,744
Principal payments	(255,726)		(184,327)		(432,382)		(402,787)

Realized charge-offs, net of recoveries, recorded in earnings	(6,680)		(14,278)		(10,281)		(41,483)
Fair value adjustments recorded in earnings(1)	(50,902)		11,459		(80,945)		35,464


Fair value at end of period	$	2,085,066	$	631,736	$	2,085,066	$	631,736

(1) Represents unrealized fair value adjustments recorded in earnings related to HFI loans at fair value held at the end of the periods presented.

The following table summarizes the aggregate fair value of the Company’s HFI loans at fair value as of the periods presented, as well as the amount that was 90 days or more past due:


	June 30, 2026				December 31, 2025
	Total		90 or more days past due		Total		90 or more days past due
Aggregate unpaid principal balance	$	2,189,229	$	6,292	$	495,649	$	5,177
Cumulative fair value adjustments	(104,163)		(5,171)		(22,335)		(4,183)
Fair value of loans held for investment	$	2,085,066	$	1,121	$	473,314	$	994

Asset-Backed Securities Related to Structured Program Transactions

Senior Asset-Backed Securities Related to Structured Program Transactions

Significant Unobservable Inputs

The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average		Minimum		Maximum		Weighted- Average
Discount rate	5.3	%	6.8	%	5.6	%	5.0	%	5.4	%	5.2	%

Fair Value Sensitivity

The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of interests held	$	3,394,054	$	3,092,410
Expected remaining weighted-average life (in years)	1.1		1.1
Discount rate:
100 basis point increase	$	(37,308)	$	(32,467)
200 basis point increase	$	(74,616)	$	(64,934)

Fair Value Reconciliation

The following table presents the activity for senior asset-backed securities related to Structured Program transactions:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	3,246,380	$	2,869,281	$	3,092,410	$	2,899,824
Additions	686,670		495,771		1,313,260		819,887


Cash received	(527,341)		(398,286)		(988,488)		(749,951)
Change in unrealized loss	(11,655)		(4,291)		(23,128)		(7,285)

Fair value at end of period	$	3,394,054	$	2,962,475	$	3,394,054	$	2,962,475

Other Asset-Backed Securities Related to Structured Program Transactions

Significant Unobservable Inputs

The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average(1)		Minimum		Maximum		Weighted- Average(1)
Discount rate	6.9	%	8.9	%	7.3	%	6.6	%	8.6	%	6.9	%
Annualized net charge-off rate	3.4	%	6.5	%	5.6	%	3.1	%	6.2	%	5.0	%
Annualized prepayment rate	21.5	%	28.0	%	26.6	%	22.8	%	27.4	%	25.8	%

(1) The weighted-average rate is calculated using the principal balance of each security.

Fair Value Sensitivity

The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of interests held	$	257,820	$	219,370
Expected remaining weighted-average life (in years)	1.1		1.2
Discount rate:
100 basis point increase	$	(2,706)	$	(2,285)
200 basis point increase	$	(5,361)	$	(4,529)
Annualized net charge-off rate:
10% increase	$	(2,793)	$	(2,077)
20% increase	$	(5,617)	$	(4,112)
Annualized prepayment rate:
10% increase	$	(1,148)	$	(674)
20% increase	$	(2,136)	$	(1,227)

Fair Value Reconciliation

The following table presents the activity for other asset-backed securities related to Structured Program transactions:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	238,349	$	172,544	$	219,370	$	169,948
Additions	60,030		35,738		112,988		60,624

Cash received	(38,918)		(24,622)		(71,694)		(45,925)
Credit loss (expense) benefit for securities available for sale	(165)		819		112		(502)
Change in unrealized loss	(1,476)		(447)		(2,956)		(113)

Fair value at end of period	$	257,820	$	184,032	$	257,820	$	184,032

Servicing Assets

Significant Unobservable Inputs

The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors:


	June 30, 2026						December 31, 2025
	Minimum		Maximum		Weighted- Average		Minimum		Maximum		Weighted- Average
Discount rate	8.9	%	16.2	%	10.3	%	8.9	%	16.2	%	10.4	%
Annualized net charge-off rate(1)	3.4	%	12.8	%	6.1	%	3.3	%	19.5	%	6.5	%
Annualized prepayment rate(1)	19.7	%	27.7	%	26.0	%	19.9	%	25.9	%	24.6	%
Market servicing rate(2)	0.58	%	0.58	%	0.58	%	0.58	%	0.58	%	0.58	%

(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics.

(2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio.

Fair Value Sensitivity

The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows:


	June 30, 2026		December 31, 2025
Fair value of servicing assets	$	72,974	$	65,167
Expected remaining weighted-average life (in years)	1.2		1.2
Discount rate:
100 basis point increase	$	(648)	$	(567)
200 basis point increase	$	(1,296)	$	(1,134)
Annualized net charge-off rate:
10% increase	$	(573)	$	(536)
20% increase	$	(1,146)	$	(1,071)
Annualized prepayment rate:
10% increase	$	(2,212)	$	(1,892)
20% increase	$	(4,424)	$	(3,785)

The Company’s selection of the most representative market servicing rates for servicing assets inherently require judgment. The Company reviews third-party servicing rates for its loans, loans in similar credit sectors, and market servicing benchmarking analyses provided by third-party valuation firms, when available. The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions:


	June 30, 2026			December 31, 2025
Weighted-average market servicing rate assumptions	0.58		%	0.58		%
Change in fair value from:
Market servicing rate increase by 0.10%	$	(8,123)		$	(7,289)
Market servicing rate decrease by 0.10%	$	8,123		$	7,289

Fair Value Reconciliation

The following table presents activity for servicing assets:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Fair value at beginning of period	$	67,078	$	56,904	$	65,167	$	60,697
Issuances(1)	22,733		14,670		40,218		27,935
Change in fair value(2)	(16,837)		(13,665)		(32,411)		(30,723)

Fair value at end of period	$	72,974	$	57,909	$	72,974	$	57,909

(1) Represents the servicing assets recorded when the loans are sold. Included in “Gain on sales of loans” on the Income Statement.

(2) Included in “Net fair value adjustments” on the Income Statement.

Financial Instruments Not Recorded at Fair Value


June 30, 2026	Carrying Amount		Level 1		Level 2		Level 3		Balance at Fair Value
Assets:
Loans and leases held for investment at amortized cost, net	$	2,993,252	$	—	$	—	$	3,161,857	$	3,161,857


Other assets	46,929		—		46,929		—		46,929
Total assets	$	3,040,181	$	—	$	46,929	$	3,161,857	$	3,208,786

Liabilities:
Deposits(1)	$	2,858,839	$	—	$	—	$	2,858,081	$	2,858,081








Other liabilities	37,119		—		14,496		22,623		37,119
Total liabilities	$	2,895,958	$	—	$	14,496	$	2,880,704	$	2,895,200


December 31, 2025	Carrying Amount		Level 1		Level 2		Level 3		Balance at Fair Value
Assets:

Loans and leases held for investment at amortized cost, net	$	3,997,069	$	—	$	—	$	4,251,852	$	4,251,852
Other assets	47,470		—		47,312		453		47,765

Total assets	$	4,044,539	$	—	$	47,312	$	4,252,305	$	4,299,617

Liabilities:
Deposits(1)	$	2,434,422	$	—	$	—	$	2,437,209	$	2,437,209


Other liabilities	40,931		—		11,926		29,005		40,931
Total liabilities	$	2,475,353	$	—	$	11,926	$	2,466,214	$	2,478,140

(1) Excludes deposit liabilities with no defined or contractual maturities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional and Gross Fair Value Amounts of Derivatives Not Designated

The table below presents the notional and gross fair value amounts of the Company’s derivatives:


	June 30, 2026						December 31, 2025
	Notional		Derivative Asset(1)		Derivative Liability(1)		Notional		Derivative Asset(1)		Derivative Liability(1)

Credit derivatives	$	—	$	—	$	—	$	3,737	$	—	$	(1,327)

Interest rate contracts:
Interest rate caps	775,000		7,801		—		325,000		528		—
Interest rate swaps	1,325,000		1,872		(698)		125,000		—		(234)
Total interest rate contracts	$	2,100,000	$	9,673	$	(698)	$	450,000	$	528	$	(234)

Total	$	2,100,000	$	9,673	$	(698)	$	453,737	$	528	$	(1,561)

(1) Recorded in “Other assets” or “Other liabilities” on a net basis, as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.

Schedule of Gains (Losses) on Derivatives and Fair Value Hedges

The table below presents the gains (losses) recognized on the Company’s derivatives:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Credit derivatives(1)	$	—	$	957	$	289	$	2,116
Interest rate contracts(2)	3,186		(10)		6,087		(70)

Total gains	$	3,186	$	947	$	6,376	$	2,046

(2) Recorded in “Net fair value adjustments” on the Income Statement.

The following table summarizes the gain (loss) recognized on the Company’s fair value hedges:


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025


Gains (losses) recognized on:
Unsecured consumer loans:
Hedged item	$	(406)	$	(153)
Derivatives	348		70
Interest settlement on derivative(1)	147		(388)
Total gain (loss) on hedged unsecured consumer loans(2)	89		(471)

Securities available for sale:
Hedged item	383		2,242
Derivatives	(413)		(2,346)
Interest settlement on derivative(1)	699		1,315
Total gain on hedged securities available for sale(3)	669		1,211

Total gain on fair value hedges	$	758	$	740

(1) Includes accrued interest receivable and accrued interest payable.

(2) Recorded in “Interest on loans” on the Income Statement.

(3) Recorded in “Interest on securities available for sale” on the Income Statement.

Schedule of Notional and Gross Fair Value Amounts of Derivatives used for Hedging

The table below presents the notional and gross fair value amounts of the Company’s interest rate swaps that were designated as fair value hedges:


	December 31, 2025
		Notional		Derivative Asset(1)		Derivative Liability(1)

Unsecured consumer loans		$	575,000	$	81	$	(1,566)
Securities available for sale		475,000		146		(774)
Total interest rate swaps		$	1,050,000	$	227	$	(2,340)

(1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.

Schedule of Cumulative Basis Adjustments for Fair Value Hedges

The following table presents the cumulative basis adjustments for fair value hedges:


	December 31, 2025
Balance Sheet Line Item		Carrying Amount of Closed Portfolio(1)		Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items
Loans and leases held for investment at amortized cost		$	1,283,622	$	1,597
Securities available for sale		$	1,091,921	$	727

Securities Available for Sale - Additional information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Senior asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Gross realized gain from sale of AFS securities	$ 0.0	$ 0.0	$ 0.0	$ 0.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (fff)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (ff)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3A

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Regulatory Requirements

6 Months Ended

Jun. 30, 2026

Regulated Operations [Abstract]

Regulatory Requirements

Happen, Inc. and Happen Bank are subject to comprehensive supervision, examination and enforcement, and regulation by the FRB and the Office of the Comptroller of the Currency (OCC), respectively, including generally similar capital adequacy requirements adopted by both agencies.

These requirements establish required minimum ratios for Common Equity Tier 1 (CET1) risk-based capital, Tier 1 risk-based capital, total risk-based capital and a Tier 1 leverage ratio; set risk-weighting for assets and certain other items for purposes of the risk-based capital ratios; and define what qualifies as capital for purposes of meeting the capital requirements. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company. The minimum capital requirements under the Basel Committee on Banking Supervision standardized approach for U.S. banking organizations (Basel III) capital framework are: a CET1 risk-based capital ratio of 4.5%, a Tier 1 risk-based capital ratio of 6.0%, a total risk-based capital ratio of 8.0%, and a Tier 1 leverage ratio of 4.0%. Additionally, a capital conservation buffer of 2.5% must be maintained above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases, and certain discretionary bonus payments. In addition to these guidelines, the regulators assess any particular institution’s capital adequacy based on numerous factors and may require a particular banking organization to maintain capital at levels higher than the generally applicable minimums prescribed under the Basel III capital framework. The Federal Deposit Insurance Act provides for a system of “prompt corrective action” (PCA). The PCA framework provides for capitalization categories ranging from “well-capitalized” to “critically undercapitalized.” An institution’s PCA category is determined primarily by its regulatory capital ratios. The PCA requires remedial actions and imposes limitations that become increasingly stringent as its PCA capitalization category declines, including the ability to accept and/or rollover brokered deposits. At June 30, 2026 and December 31, 2025, the Company’s and Happen Bank’s regulatory capital ratios exceeded the thresholds required to be regarded as “well-capitalized” institutions and met all capital adequacy requirements to which they are subject. There have been no events or conditions since June 30, 2026 that management believes would change the Company’s categorization.

The following table presents the actual capital amounts and ratios of the Company and Happen Bank as well as the regulatory minimum and “well capitalized” requirements (dollars in millions):


	June 30, 2026				December 31, 2025				Required Minimum(1)		Well-Capitalized Minimum
	Amount		Ratio		Amount		Ratio
Happen, Inc.:
CET1 capital(2)	$	1,436.2	16.9	%	$	1,342.6	17.4	%	7.0	%	N/A
Tier 1 capital	$	1,436.2	16.9	%	$	1,342.6	17.4	%	8.5	%	6.0	%
Total capital	$	1,543.5	18.2	%	$	1,441.0	18.7	%	10.5	%	10.0	%
Tier 1 leverage	$	1,436.2	11.9	%	$	1,342.6	12.0	%	4.0	%	N/A
Risk-weighted assets	$	8,499.0	N/A		$	7,696.1	N/A		N/A		N/A
Quarterly adjusted average assets	$	12,048.2	N/A		$	11,174.0	N/A		N/A		N/A

Happen Bank:
CET1 capital(2)	$	1,315.7	15.6	%	$	1,183.9	15.5	%	7.0	%	6.5	%
Tier 1 capital	$	1,315.7	15.6	%	$	1,183.9	15.5	%	8.5	%	8.0	%
Total capital	$	1,422.4	16.8	%	$	1,281.8	16.8	%	10.5	%	10.0	%
Tier 1 leverage	$	1,315.7	11.0	%	$	1,183.9	10.7	%	4.0	%	5.0	%
Risk-weighted assets	$	8,452.0	N/A		$	7,652.0	N/A		N/A		N/A
Quarterly adjusted average assets	$	11,987.1	N/A		$	11,090.4	N/A		N/A		N/A

N/A – Not applicable

(1) Required minimums presented for risk-based capital ratios include the required capital conservation buffer of 2.5%.

Federal laws and regulations limit the ability of national banks, such as Happen Bank, to pay dividends based upon, among other things, maintaining required levels of regulatory capital and retained net profits for the preceding two calendar years plus retained net profits up to the date of any dividend declaration in the current calendar year. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period. During the first quarter of 2025, Happen Bank paid a $50 million cash dividend to Happen, Inc. to return a capital contribution made by Happen, Inc. to Happen Bank in the second half of 2024. Happen Bank has not otherwise declared any dividends.

Federal law restricts the amount and the terms of both credit and non-credit transactions between a bank and its nonbank affiliates. These covered transactions may not exceed 10% of the bank’s capital and surplus (which for this purpose represents tier 1 and tier 2 capital, as calculated under the risk-based capital rules, plus the balance of the ACL excluded from tier 2 capital) with any single nonbank affiliate and 20% of the bank’s capital and surplus with all its nonbank affiliates. Covered transactions that are extensions of credit may require collateral to be pledged to provide added security to the bank.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A

+ Details

Loans

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Loans

The Company’s loan portfolios consist of the following:


	June 30, 2026		December 31, 2025
Loans held for sale at fair value	$	1,773,052	$	1,762,396





Loans held for investment at fair value	2,085,066		473,314












Total loans at fair value	3,858,118		2,235,710

Loans and leases held for investment at amortized cost, net	2,993,252		3,997,069




Total loans and leases	$	6,851,370	$	6,232,779

For loans held at fair value, see “Note 5. Fair Value Measurements” for the assumptions used in the Company’s fair value model.

Loans and Leases Held for Investment at Amortized Cost, Net


	June 30, 2026		December 31, 2025
Unsecured consumer	$	2,207,014	$	3,191,430
Residential mortgages	147,460		151,073
Secured consumer	190,778		261,045

Total consumer loans held for investment at amortized cost	2,545,252		3,603,548
Equipment finance(1)	33,249		39,757
Commercial real estate(2)(3)	460,203		472,489
Commercial and industrial	147,441		157,018
Total commercial loans and leases held for investment at amortized cost	640,893		669,264
Total loans and leases held for investment at amortized cost(4)	3,186,145		4,272,812
Allowance for loan and lease losses	(192,893)		(275,743)
Loans and leases held for investment at amortized cost, net	$	2,993,252	$	3,997,069

(1) Comprised of sales-type leases for equipment. See “Note 16. Leases” for additional information.

(2) Includes $279.6 million and $286.8 million in loans originated through the Small Business Administration (SBA) as of June 30, 2026 and December 31, 2025, respectively.

(3) As of both June 30, 2026 and December 31, 2025, the Commercial Real Estate (CRE) office loan balance was under $35 million.

The following table presents the components of the allowance for loan and lease losses (ALLL):


	June 30, 2026		December 31, 2025
Gross allowance for loan and lease losses(1)	$	227,500	$	312,667
Recovery asset value(2)	(34,607)		(36,924)
Allowance for loan and lease losses	$	192,893	$	275,743

(1) Represents the allowance for future estimated net charge-offs on existing portfolio balances.

(2) Represents the negative allowance for expected recoveries of amounts previously charged-off.


June 30, 2026	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	2,545,252		$	640,893		$	3,186,145

Allowance for loan and lease losses	$	176,727		$	16,166		$	192,893
Allowance ratio(1)	6.9		%	2.5		%	6.1		%

Gross allowance for loan and lease losses	$	211,334		$	16,166		$	227,500
Gross allowance ratio(1)	8.3		%	2.5		%	7.1		%


December 31, 2025	Consumer			Commercial			Total
Loans and leases held for investment at amortized cost	$	3,603,548		$	669,264		$	4,272,812

Allowance for loan and lease losses	$	258,811		$	16,932		$	275,743
Allowance ratio(1)	7.2		%	2.5		%	6.5		%

Gross allowance for loan and lease losses	$	295,735		$	16,932		$	312,667
Gross allowance ratio(1)	8.2		%	2.5		%	7.3		%

(1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases HFI at amortized cost.

The activity in the ACL by portfolio segment was as follows:


	Three Months Ended June 30,
	2026						2025
	Consumer		Commercial		Total		Consumer		Commercial		Total
Allowance for loan and lease losses:
Beginning of period	$	221,196	$	16,501	$	237,697	$	227,608	$	16,585	$	244,193
Credit loss (benefit) expense	(10,486)		(399)		(10,885)		41,133		(537)		40,596

Charge-offs	(46,395)		(32)		(46,427)		(48,956)		(898)		(49,854)
Recoveries	12,412		96		12,508		17,648		406		18,054
End of period	$	176,727	$	16,166	$	192,893	$	237,433	$	15,556	$	252,989

Reserve for unfunded lending commitments:
Beginning of period	$	—	$	830	$	830	$	—	$	1,629	$	1,629
Credit loss benefit	—		(197)		(197)		—		(44)		(44)
End of period(1)	$	—	$	633	$	633	$	—	$	1,585	$	1,585


	Six Months Ended June 30,
	2026						2025
	Consumer		Commercial		Total		Consumer		Commercial		Total
Allowance for loan and lease losses:
Beginning of period	$	258,811	$	16,932	$	275,743	$	212,598	$	24,136	$	236,734
Credit loss (benefit) expense	(9,085)		(954)		(10,039)		97,081		(103)		96,978

Charge-offs	(99,039)		(158)		(99,197)		(107,300)		(9,130)		(116,430)
Recoveries	26,040		346		26,386		35,054		653		35,707
End of period	$	176,727	$	16,166	$	192,893	$	237,433	$	15,556	$	252,989

Reserve for unfunded lending commitments:
Beginning of period	$	—	$	1,009	$	1,009	$	—	$	1,183	$	1,183
Credit loss (benefit) expense	—		(376)		(376)		—		402		402
End of period(1)	$	—	$	633	$	633	$	—	$	1,585	$	1,585

(1) Relates to $35.2 million and $103.4 million of unfunded commitments as of June 30, 2026 and 2025, respectively.

As a result of the Company’s election of the fair value option, all loan originations in the first half of 2026 were accounted for at fair value. See “Note 1. Summary of Significant Accounting Policies” for additional information. Accordingly, no originations subsequent to 2025 are presented in the tables below.

The following table presents charge-offs by origination year for the first half of 2026:



	Gross Charge-Offs by Origination Year
	2025		2024		2023		2022		Prior		Total
Unsecured consumer(1)	$	40,631	$	28,086	$	13,687	$	12,900	$	2,270	$	97,574
Residential mortgages	—		—		—		—		—		—
Secured consumer	461		214		413		312		65		1,465






Total consumer loans held for investment at amortized cost	41,092		28,300		14,100		13,212		2,335		99,039
Equipment finance	—		—		—		—		—		—
Commercial real estate	—		—		—		—		—		—
Commercial and industrial	—		—		32		126		—		158
Total commercial loans and leases held for investment at amortized cost	—		—		32		126		—		158

Total loans and leases held for investment at amortized cost	$	41,092	$	28,300	$	14,132	$	13,338	$	2,335	$	99,197

(1) Unsecured consumer loans are generally charged-off when a borrower is contractually 120 days past due.

Consumer Lending Credit Quality Indicators

The Company evaluates the credit quality of its consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is based upon borrower payment activity relative to the contractual terms of the loan. The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year:


June 30, 2026	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		Prior		Total
Unsecured consumer
Current	$	1,285,108	$	501,367	$	201,392	$	163,284	$	11,819	$	2,162,970
30-59 days past due	7,453		4,833		2,130		1,802		340		16,558
60-89 days past due	6,663		3,628		1,664		1,617		246		13,818
90 or more days past due	6,145		3,607		1,686		1,522		312		13,272
Total unsecured consumer(1)	1,305,369		513,435		206,872		168,225		12,717		2,206,618
Residential mortgages
Current	—		—		—		39,964		106,534		146,498
30-59 days past due	—		—		—		—		—		—
60-89 days past due	—		—		—		—		—		—
90 or more days past due	—		—		—		—		962		962
Total residential mortgages	—		—		—		39,964		107,496		147,460
Secured consumer
Current	103,550		34,012		29,314		16,854		3,999		187,729
30-59 days past due	871		246		413		543		126		2,199
60-89 days past due	308		119		133		121		20		701
90 or more days past due	61		—		22		44		22		149
Total secured consumer	104,790		34,377		29,882		17,562		4,167		190,778






Total consumer loans held for investment at amortized cost	$	1,410,159	$	547,812	$	236,754	$	225,751	$	124,380	$	2,544,856


December 31, 2025	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
Unsecured consumer
Current	$	1,741,108	$	740,483	$	326,147	$	283,513	$	39,605	$	—	$	3,130,856
30-59 days past due	9,084		5,680		3,533		3,591		603		—		22,491
60-89 days past due	6,500		5,447		2,887		3,051		665		—		18,550
90 or more days past due	4,862		6,049		3,105		3,223		697		—		17,936
Total unsecured consumer(1)	1,761,554		757,659		335,672		293,378		41,570		—		3,189,833
Residential mortgages
Current	—		—		—		40,931		50,129		59,039		150,099
30-59 days past due	—		—		—		—		—		—		—
60-89 days past due	—		—		—		—		—		888		888
90 or more days past due	—		—		—		—		—		86		86
Total residential mortgages	—		—		—		40,931		50,129		60,013		151,073
Secured consumer
Current	134,255		47,453		42,332		26,961		3,769		2,278		257,048
30-59 days past due	778		261		816		941		210		—		3,006
60-89 days past due	131		128		109		177		51		—		596
90 or more days past due	78		31		133		153		—		—		395
Total secured consumer	135,242		47,873		43,390		28,232		4,030		2,278		261,045






Total consumer loans held for investment at amortized cost	$	1,896,796	$	805,532	$	379,062	$	362,541	$	95,729	$	62,291	$	3,601,951

Commercial Lending Credit Quality Indicators

The Company evaluates the credit quality of its commercial loan portfolio based on regulatory risk ratings. The Company categorizes loans and leases into risk ratings based on relevant information about the quality and realizable value of collateral, if any, and the ability of obligors to service their debts, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases based on their associated credit risk and performs this analysis whenever credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. Risk rating classifications consist of the following:

Pass – Loans and leases that the Company believes will fully repay in accordance with the contractual loan terms.

Special Mention – Loans and leases with a potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date.

Substandard – Loans and leases that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Normal payment from the borrower is in jeopardy, although loss of principal, while still possible, is not imminent.

Doubtful – Loans and leases that have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable.

Loss – Loans and leases that are considered uncollectible and of little value.

The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year:


June 30, 2026	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		Prior		Total		Guaranteed Amount(1)
Equipment finance
Pass	$	—	$	—	$	—	$	18,817	$	8,961	$	27,778	$	—
Special mention	—		—		—		2,016		33		2,049		—
Substandard	—		—		—		—		2,728		2,728		—
Doubtful	—		—		—		694		—		694		—
Loss	—		—		—		—		—		—		—
Total equipment finance	—		—		—		21,527		11,722		33,249		—
Commercial real estate
Pass	96,288		35,495		63,273		92,421		147,568		435,045		29,645
Special mention	—		520		—		453		5,967		6,940		709
Substandard	—		—		—		422		15,980		16,402		3,834
Doubtful	—		—		—		—		60		60		—
Loss	—		—		—		1,121		635		1,756		1,536
Total commercial real estate	96,288		36,015		63,273		94,417		170,210		460,203		35,724
Commercial and industrial
Pass	23,977		26,420		13,198		12,056		25,422		101,073		68,584
Special mention	—		—		—		5,876		—		5,876		4,499
Substandard	—		2,635		9,175		11,238		6,872		29,920		20,677
Doubtful	—		—		—		2,880		1,443		4,323		3,444
Loss	—		751		1,783		3,715		—		6,249		6,249
Total commercial and industrial	23,977		29,806		24,156		35,765		33,737		147,441		103,453
Total commercial loans and leases held for investment at amortized cost	$	120,265	$	65,821	$	87,429	$	151,709	$	215,669	$	640,893	$	139,177

(1) Represents loan balances guaranteed by the SBA.


December 31, 2025	Term Loans and Leases by Origination Year
	2025		2024		2023		2022		2021		Prior		Total		Guaranteed Amount(1)
Equipment finance
Pass	$	—	$	—	$	—	$	21,283	$	1,990	$	9,762	$	33,035	$	—
Special mention	—		—		—		2,587		227		—		2,814		—
Substandard	—		—		—		—		3,212		—		3,212		—
Doubtful	—		—		—		696		—		—		696		—
Loss	—		—		—		—		—		—		—		—
Total equipment finance	—		—		—		24,566		5,429		9,762		39,757		—
Commercial real estate
Pass	95,736		36,356		63,750		94,771		32,452		121,231		444,296		30,959
Special mention	—		—		—		—		—		6,088		6,088		—
Substandard	—		—		—		428		8,433		11,370		20,231		7,005
Doubtful	—		—		—		—		—		61		61		—
Loss	—		—		—		1,121		271		421		1,813		1,543
Total commercial real estate	95,736		36,356		63,750		96,320		41,156		139,171		472,489		39,507
Commercial and industrial
Pass	21,987		28,942		16,580		18,108		19,441		7,879		112,937		75,216
Special mention	—		—		—		8,535		2,959		67		11,561		9,264
Substandard	—		1,438		8,275		5,153		3,126		3,010		21,002		13,790
Doubtful	—		—		—		3,456		1,348		511		5,315		4,353
Loss	—		751		1,766		3,686		—		—		6,203		6,203
Total commercial and industrial	21,987		31,131		26,621		38,938		26,874		11,467		157,018		108,826
Total commercial loans and leases held for investment at amortized cost	$	117,723	$	67,487	$	90,371	$	159,824	$	73,459	$	160,400	$	669,264	$	148,333

(1) Represents loan balances guaranteed by the SBA.

The following tables present loans and leases HFI at amortized cost within the commercial portfolio segment by delinquency status:


June 30, 2026	Current		30-59 Days		60-89 Days		90 or More Days		Total
Equipment finance	$	29,827	$	—	$	—	$	3,422	$	33,249
Commercial real estate	452,065		1,765		—		6,373		460,203
Commercial and industrial	118,763		2,560		2,888		23,230		147,441
Total commercial loans and leases held for investment at amortized cost	$	600,655	$	4,325	$	2,888	$	33,025	$	640,893


December 31, 2025	Current		30-59 Days		60-89 Days		90 or More Days		Total
Equipment finance	$	35,973	$	696	$	—	$	3,088	$	39,757
Commercial real estate	461,307		—		—		11,182		472,489
Commercial and industrial	133,526		1,540		1,878		20,074		157,018
Total commercial loans and leases held for investment at amortized cost	$	630,806	$	2,236	$	1,878	$	34,344	$	669,264

Loan Modifications

The Company has loan modification programs to assist borrowers experiencing financial difficulty and to mitigate losses and maximize collections for loans serviced by the Company. The table below presents the amortized cost of loans that were modified during the periods presented, by modification type:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025





Short-term payment reduction	$	5,829		$	6,892		$	10,835		$	12,686
Permanent loan modification	1,384			1,764			3,007			3,286
Debt settlement	2,373			2,859			2,383			2,903
Total loan modifications – unsecured consumer loans	$	9,586		$	11,515		$	16,225		$	18,875

% of unsecured consumer loans at amortized cost as of period end	0.4		%	0.3		%	0.7		%	0.6		%

The Company expanded its digital channels to enable borrowers experiencing financial difficulty to qualify for a short-term payment reduction modification program. Under this program, borrowers may receive a temporary payment reduction for three months. If the borrower meets the temporary payment reduction requirements during the first three-month term, they may qualify for a payment reduction for an additional three months. Receiving an additional three months of payment reduction is considered an other-than-insignificant payment delay and becomes a short-term payment reduction modification. The short-term payment reduction modification results in a term extension of four to nine months compared to the original maturity date of the loan and does not include any principal or interest forgiveness. At the time of receiving a payment reduction, a delinquent loan resets to current status. However, if a borrower fails to comply with the modified terms, the delinquency status returns to the original contractual terms of the loan. Borrowers who were in their first three months of temporary payment reduction had a total of $9.9 million of loan balances at amortized cost outstanding as of June 30, 2026, and may subsequently be eligible for a short-term payment reduction modification.

Permanent loan modifications include both a reduction in contractual interest rates and an extension to the contractual maturity date of up to twelve months and do not include any principal forgiveness. To qualify for this modification, borrowers must meet the Company’s debt-to-income ratio requirements. During the second quarter and first half of 2026, the weighted-average interest rate reduction under this program was approximately 8.8% for both periods. During the second quarter and first half of 2025, the weighted-average interest rate reduction under this program was approximately 8.0% and 8.1%, respectively. The weighted-average maturity date extension was approximately twelve months for all periods.

Debt settlement modifications, which include engaging with debt settlement companies, reduce the principal and interest amounts owed by borrowers. The Company typically charges-off such loans within a few months following the modification, as payments under the modified agreement are less than the original contractual amounts.

The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months:



	June 30, 2026						June 30, 2025
	Short-term Payment Reduction		Permanent Loan Modification		Debt Settlement		Short-term Payment Reduction		Permanent Loan Modification		Debt Settlement
Unsecured consumer loans
Current	$	14,475	$	5,244	$	7	$	17,743	$	5,433	$	—
30-59 days	1,191		180		10		1,372		135		—
60-89 days	840		143		225		1,240		242		535
90 or more days	575		64		2,145		1,074		153		2,374
Total loan modifications	$	17,081	$	5,631	$	2,387	$	21,429	$	5,963	$	2,909

A modified loan is generally charged-off in the event of a borrower defaulting at 120 days past due. The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025





Short-term payment reduction	$	1,944	$	2,132	$	3,790	$	4,718
Permanent loan modification	228		381		667		903
Debt settlement	7,343		8,829		16,011		22,165
Total loan modifications – unsecured consumer loans	$	9,515	$	11,342	$	20,468	$	27,786

Nonaccrual Assets

Nonaccrual loans and leases are those for which accrual of interest has been suspended. Loans and leases are generally placed on nonaccrual status when contractually past due 90 days or more, or earlier if management believes that the probability of collection does not warrant further accrual.

Certain loans on nonaccrual status may be considered collateral-dependent loans if the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially through sale of the collateral. Such loans are secured by various types of collateral, including real estate, auto and equipment, among others. Expected credit losses for the Company’s collateral-dependent loans are calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable. The fair value of the underlying collateral is generally based on third-party appraisals, which are updated on a case-by-case basis.

The following table presents nonaccrual loans and leases HFI at amortized cost:


	June 30, 2026				December 31, 2025
	Nonaccrual		Nonaccrual with no related ACL(1)		Nonaccrual		Nonaccrual with no related ACL(1)
Unsecured consumer	$	13,272	$	—	$	17,936	$	—
Residential mortgages	1,230		1,230		431		431
Secured consumer	149		—		395		—

Total nonaccrual consumer loans held for investment at amortized cost	14,651		1,230		18,762		431

Equipment finance	3,422		—		3,088		—
Commercial real estate	6,809		1,857		11,253		5,799
Commercial and industrial	30,437		10,997		27,329		10,137
Total nonaccrual commercial loans and leases held for investment at amortized cost(2)	40,668		12,854		41,670		15,936

Total nonaccrual loans and leases held for investment at amortized cost	$	55,319	$	14,084	$	60,432	$	16,367

(1) Subset of total nonaccrual loans and leases HFI at amortized cost.

(2) Includes $28.3 million and $29.7 million in loan balances guaranteed by the SBA as of June 30, 2026 and December 31, 2025, respectively.


	June 30, 2026				December 31, 2025
	Nonaccrual		Nonaccrual Ratios(1)		Nonaccrual		Nonaccrual Ratios(1)
Total nonaccrual consumer loans held for investment at amortized cost	$	14,651	0.6	%	$	18,762	0.5	%
Total nonaccrual commercial loans and leases held for investment at amortized cost	40,668		6.3	%	41,670		6.2	%
Total nonaccrual loans and leases held for investment at amortized cost	$	55,319	1.7	%	$	60,432	1.4	%

(1) Calculated as the ratio of nonaccrual loans and leases to loans and leases HFI at amortized cost.

Fair Value Measurements - Schedule of Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Loans and leases held for investment at amortized cost, net	$ 3,858,118	$ 2,235,710
Other assets	10,820	2,099
Total assets	7,988,673	6,009,685
Liabilities:
Other liabilities	1,845	5,783
Total liabilities	1,845	5,783
Level 1
Assets
Other assets	0	0
Total assets	0	0
Liabilities:
Other liabilities	0	0
Total liabilities	0	0
Level 2
Assets
Other assets	10,820	2,099
Total assets	395,320	386,945
Liabilities:
Other liabilities	1,845	3,918
Total liabilities	1,845	3,918
Level 3
Assets
Other assets	0	0
Total assets	7,593,353	5,622,740
Liabilities:
Other liabilities	0	1,865
Total liabilities	0	1,865
Carrying Amount
Assets
Loans and leases held for investment at amortized cost, net	2,993,252	3,997,069
Other assets	46,929	47,470
Total assets	3,040,181	4,044,539
Liabilities:
Deposits	2,858,839	2,434,422
Other liabilities	37,119	40,931
Total liabilities	2,895,958	2,475,353
Balance at Fair Value
Assets
Loans and leases held for investment at amortized cost, net	3,161,857	4,251,852
Other assets	46,929	47,765
Total assets	3,208,786	4,299,617
Liabilities:
Deposits	2,858,081	2,437,209
Other liabilities	37,119	40,931
Total liabilities	2,895,200	2,478,140
Balance at Fair Value \| Level 1
Assets
Loans and leases held for investment at amortized cost, net	0	0
Other assets	0	0
Total assets	0	0
Liabilities:
Deposits	0	0
Other liabilities	0	0
Total liabilities	0	0
Balance at Fair Value \| Level 2
Assets
Loans and leases held for investment at amortized cost, net	0	0
Other assets	46,929	47,312
Total assets	46,929	47,312
Liabilities:
Deposits	0	0
Other liabilities	14,496	11,926
Total liabilities	14,496	11,926
Balance at Fair Value \| Level 3
Assets
Loans and leases held for investment at amortized cost, net	3,161,857	4,251,852
Other assets	0	453
Total assets	3,161,857	4,252,305
Liabilities:
Deposits	2,858,081	2,437,209
Other liabilities	22,623	29,005
Total liabilities	$ 2,880,704	$ 2,466,214

Leases

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Leases

Lessee Arrangements

Following the expiration of its prior headquarters lease, the Company relocated its headquarters in April 2026 to an office building in San Francisco, California.

The Company has various operating leases for office space in the Salt Lake City, Utah area, Boston, Massachusetts, and New York, New York, with remaining lease terms ranging from approximately two to three years as of June 30, 2026.

Balance sheet information related to leases was as follows:


ROU Assets and Lease Liabilities	Balance Sheet Classification	June 30, 2026		December 31, 2025
Operating lease assets	Other assets	$	9,403	$	12,942
Operating lease liabilities	Other liabilities	$	11,369	$	15,826

Net lease costs were $1.6 million and $4.4 million during the second quarter and first half of 2026, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Net lease costs were $2.7 million and $5.5 million during the second quarter and first half of 2025, respectively.

The Company’s future minimum undiscounted lease payments under operating leases as of June 30, 2026 were as follows:


	Operating Lease Payments
2026	$	2,471
2027	5,010
2028	4,046
2029	909


Total lease payments	$	12,436
Discount effect	(1,067)
Present value of future minimum lease payments	$	11,369

The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows:


Lease Term and Discount Rate	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	2.54		2.64
Weighted-average discount rate	4.32	%	4.56	%

Lessor Arrangements

Operating Leases

The Company leases space in its office building to third-party tenants under operating lease agreements with initial term expiration dates extending until 2034. Some of the agreements include options to extend the lease term for an additional five years.

Rental income earned from such leases was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Rental income(1)	$	1,415	$	1,854	$	3,407	$	1,854

(1) Recorded in “Other non-interest income” on the Income Statement.

Future fixed lease payments to be received by the Company as of June 30, 2026, under non-cancelable operating leases, were as follows:


2026	$	2,238
2027	3,356
2028	2,460
2029	1,932
2030	1,990
Thereafter	6,215
Total lease payments	$	18,191

Sales-type Leases

The Company has sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term.

Interest earned on Equipment Finance was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Interest earned(1)	$	461	$	709	$	981	$	1,556

(1) Recorded in “Interest on loans” on the Income Statement.

The components of Equipment Finance assets are as follows:


	June 30, 2026		December 31, 2025
Lease receivables	$	17,418	$	25,384
Unguaranteed residual asset values	18,631		17,907
Unearned income	(2,910)		(3,690)
Deferred costs	110		156
Total	$	33,249	$	39,757

Future minimum lease payments based on maturity of the Company’s sales-type leases as of June 30, 2026 were as follows:


2026	$	5,725
2027	7,292
2028	3,576
2029	1,381


Total lease payments	$	17,974
Discount effect	(556)
Present value of future minimum lease payments	$	17,418

Leases

Lessee Arrangements

Following the expiration of its prior headquarters lease, the Company relocated its headquarters in April 2026 to an office building in San Francisco, California.

Balance sheet information related to leases was as follows:


ROU Assets and Lease Liabilities	Balance Sheet Classification	June 30, 2026		December 31, 2025
Operating lease assets	Other assets	$	9,403	$	12,942
Operating lease liabilities	Other liabilities	$	11,369	$	15,826

The Company’s future minimum undiscounted lease payments under operating leases as of June 30, 2026 were as follows:


	Operating Lease Payments
2026	$	2,471
2027	5,010
2028	4,046
2029	909


Total lease payments	$	12,436
Discount effect	(1,067)
Present value of future minimum lease payments	$	11,369

The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows:


Lease Term and Discount Rate	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	2.54		2.64
Weighted-average discount rate	4.32	%	4.56	%

Lessor Arrangements

Operating Leases

Rental income earned from such leases was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Rental income(1)	$	1,415	$	1,854	$	3,407	$	1,854

(1) Recorded in “Other non-interest income” on the Income Statement.

Future fixed lease payments to be received by the Company as of June 30, 2026, under non-cancelable operating leases, were as follows:


2026	$	2,238
2027	3,356
2028	2,460
2029	1,932
2030	1,990
Thereafter	6,215
Total lease payments	$	18,191

Sales-type Leases

The Company has sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term.

Interest earned on Equipment Finance was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Interest earned(1)	$	461	$	709	$	981	$	1,556

(1) Recorded in “Interest on loans” on the Income Statement.

The components of Equipment Finance assets are as follows:


	June 30, 2026		December 31, 2025
Lease receivables	$	17,418	$	25,384
Unguaranteed residual asset values	18,631		17,907
Unearned income	(2,910)		(3,690)
Deferred costs	110		156
Total	$	33,249	$	39,757

Future minimum lease payments based on maturity of the Company’s sales-type leases as of June 30, 2026 were as follows:


2026	$	5,725
2027	7,292
2028	3,576
2029	1,381


Total lease payments	$	17,974
Discount effect	(556)
Present value of future minimum lease payments	$	17,418

Leases

Lessee Arrangements

Following the expiration of its prior headquarters lease, the Company relocated its headquarters in April 2026 to an office building in San Francisco, California.

Balance sheet information related to leases was as follows:


ROU Assets and Lease Liabilities	Balance Sheet Classification	June 30, 2026		December 31, 2025
Operating lease assets	Other assets	$	9,403	$	12,942
Operating lease liabilities	Other liabilities	$	11,369	$	15,826

The Company’s future minimum undiscounted lease payments under operating leases as of June 30, 2026 were as follows:


	Operating Lease Payments
2026	$	2,471
2027	5,010
2028	4,046
2029	909


Total lease payments	$	12,436
Discount effect	(1,067)
Present value of future minimum lease payments	$	11,369

The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows:


Lease Term and Discount Rate	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	2.54		2.64
Weighted-average discount rate	4.32	%	4.56	%

Lessor Arrangements

Operating Leases

Rental income earned from such leases was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Rental income(1)	$	1,415	$	1,854	$	3,407	$	1,854

(1) Recorded in “Other non-interest income” on the Income Statement.

Future fixed lease payments to be received by the Company as of June 30, 2026, under non-cancelable operating leases, were as follows:


2026	$	2,238
2027	3,356
2028	2,460
2029	1,932
2030	1,990
Thereafter	6,215
Total lease payments	$	18,191

Sales-type Leases

The Company has sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term.

Interest earned on Equipment Finance was as follows for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Interest earned(1)	$	461	$	709	$	981	$	1,556

(1) Recorded in “Interest on loans” on the Income Statement.

The components of Equipment Finance assets are as follows:


	June 30, 2026		December 31, 2025
Lease receivables	$	17,418	$	25,384
Unguaranteed residual asset values	18,631		17,907
Unearned income	(2,910)		(3,690)
Deferred costs	110		156
Total	$	33,249	$	39,757

Future minimum lease payments based on maturity of the Company’s sales-type leases as of June 30, 2026 were as follows:


2026	$	5,725
2027	7,292
2028	3,576
2029	1,381


Total lease payments	$	17,974
Discount effect	(556)
Present value of future minimum lease payments	$	17,418

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Other Asset-Backed Securities (Details) - Level 3 - Other asset-backed securities related to Structured Program transactions	Jun. 30, 2026	Dec. 31, 2025
Minimum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.069	0.066
Minimum \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.034	0.031
Minimum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.215	0.228
Maximum \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.089	0.086
Maximum \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.065	0.062
Maximum \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.280	0.274
Weighted Average \| Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.073	0.069
Weighted Average \| Annualized net credit loss rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.056	0.050
Weighted Average \| Annualized prepayment rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.266	0.258