secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001409970-21-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub posts Q2 net income $9.4M, revenue up 93% QoQ; raises FY revenue target to $750-780M
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- Record Q2 net income of $9.4M vs. $47.1M loss prior quarter; revenue $204.4M (+93% QoQ).
- Net interest income grew 148% to $45.9M; consumer loan portfolio rose 145% to $795M.
- Loan originations $2.72B, up 84% QoQ; deposits reached $2.5B.
- Raised full-year guidance: originations $9.8-10.2B, revenue $750-780M, net loss ($13)-($3)M.
- FTC settlement for $18M consumer remediation (already accrued); no impact on quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000055/0001409970-21-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000055/lc-20210728.htm
  HTML page:      https://secwatch.observer/filing/0001409970-21-000055

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