{"schema_version":"secwatch.filing_event.v1","accession":"0001409970-23-000029","form_type":"8-K","ticker":"LC","cik":"0001409970","company_name":"LendingClub Corp","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.753208+00:00","generated_at":"2026-06-16T12:21:52.448713+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"LendingClub Q1 net income $13.7M, revenue $245.7M; deposits rise 13% sequentially","bullets":["Net income of $13.7M ($0.13 diluted EPS), down 42% vs Q4 2022 net income of $23.6M.","Total net revenue $245.7M, down 6% sequentially from $262.7M; net interest income up 8% to $146.7M.","Deposits increased 13% to $7.2B; cash rose 55% to $1.6B; consolidated Tier 1 leverage ratio 12.8%.","Loan originations of $2.3B vs $2.5B prior quarter; provision for credit losses $70.6M on portfolio growth.","Pre-provision net revenue $88.4M, up 7% sequentially; efficiency ratio improved to 64.0% from 68.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001409970-23-000029","json":"https://secwatch.observer/filing/0001409970-23-000029.json","markdown":"https://secwatch.observer/filing/0001409970-23-000029.md","text":"https://secwatch.observer/filing/0001409970-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000029/0001409970-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000029/lc-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T12:21:52.448713+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"099d9789ed0770ebc1276a9035743e8eac165c77","claim":"LendingClub Corp reported the first quarter ended March 31, 2023 results: revenue $245.7 million, net income $13.7 million, EPS $0.13.","evidence_excerpt":"up 1.7% from $10.06 at December 31, 2022. Financial Performance: • Loan originations were $2.3 billion compared to $2.5 billion in the prior quarter. • Total net revenue was $245.7 million compared to $262.7 million in the prior quarter, as growth in net interest income was offset by lower marketplace revenue. ◦ Net interest income increased 8% from the prior","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000029/0001409970-23-000029-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$245.7 million"},{"label":"Net income","value":"$13.7 million"},{"label":"EPS","value":"$0.13"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}