secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001409970-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub posts record Q4 revenue $262.2M and EPS $0.27; 2022 net income guidance $130-$150M
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- Q4 2021 revenue $262.2M, net income $29.1M ($0.27 diluted EPS), exceeding high end of guidance.
- Full year 2021 revenue $818.6M (+157% YoY), net income $18.6M vs loss of $187.5M in 2020.
- Q4 notable items of $56.6M (CECL provisioning $39.5M, revenue deferrals $17.1M) reduced EPS by $0.53.
- Q4 loan originations $3.07B; deposits grew 10% sequentially to $3.1B; bank loan portfolio up 22%.
- 2022 guidance: revenue $1.1-$1.2B, net income $130-$150M; Q1 revenue $255-$265M, net income $25-$30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000003/0001409970-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000003/lc-20220126.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000003

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