secwatch.observer — SEC 8-K summary
======================================

Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001409970-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q1 revenue $289.5M (+174% YoY); net income $40.8M, raises FY 2022 outlook
--------------------------------------------------------------------------------

- Revenue of $289.5M doubled YoY; net income $40.8M vs. loss of $47.1M in Q1 2021.
- Diluted EPS $0.39 vs. loss of $0.49 a year ago; pre-tax pre-provision income $98.3M.
- Deposits grew to $4.0B (+27% from Dec 2021); net interest margin expanded to 8.6%.
- FY 2022 revenue guidance raised to $1.15B-$1.25B; net income guided $145M-$165M.
- CEO Scott Sanborn cited 4M+ members and differentiated marketplace bank model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000019/0001409970-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000019/lc-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000019

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