secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001409970-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q2 record revenue $330M; adjusted net income $46.8M up 399% YoY
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- Total revenue $330.1M (+61% YoY); net interest income $116.2M (+153% YoY).
- Reported net income $182.1M includes $132M income tax benefit from valuation allowance release.
- Adjusted net income (excl. tax benefit) $46.8M, up 399% YoY; adjusted diluted EPS $0.45.
- Deposits $4.5B (+78% YoY); total loans held for investment (ex-PPP) grew 106% YoY.
- Efficiency ratio improved to 63% from 78% a year ago; credit quality remains strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000039/0001409970-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000039/lc-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000039

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