secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001409970-22-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q3 revenue $304.9M (+24% YoY), EPS $0.41 (+58% YoY)
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- Total net revenue $304.9M, up 24% YoY; diluted EPS $0.41, up 58% YoY.
- Net interest income $123.7M, up 89% YoY; net interest margin expanded to 8.3% from 6.3%.
- Loan originations $3.5B, up 14% YoY; deposits $5.1B, up 80% YoY.
- Pre-tax, pre-provision income $118.7M, up 76% YoY; efficiency ratio improved to 61% from 73%.
- Credit quality strong: average FICO 730 on held-for-investment portfolio; delinquencies gradually normalizing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000048/0001409970-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000048/lc-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000048

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