secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001409970-21-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q3 record revenue $246.2M, net income $27.2M; raises FY2021 outlook
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- Record revenue $246.2M (+20% sequential); net income $27.2M (+190% sequential).
- GAAP EPS $0.26 but impacted by $51.5M in notable items (CECL provisioning $34M, revenue deferrals $17.5M).
- Loan originations $3.11B (+14% sequential); deposits up 12% to $2.8B.
- Full year 2021 guidance raised: revenue $796M-$806M, net income $9M-$14M.
- Q4 2021 guidance: loan originations $2.8B-$3.0B, revenue $240M-$250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000067/0001409970-21-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000067/lc-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001409970-21-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer