---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-23-000048"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:16:24.712822+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LendingClub Q2 2023 net income $10.1M (EPS $0.09), revenue $232.5M, down QoQ

## Summary
- Net income $10.1M, diluted EPS $0.09, vs $13.7M ($0.13) prior quarter and $46.8M ($0.45) excluding tax benefit YoY.
- Total net revenue $232.5M, down from $245.7M QoQ and $330.1M YoY.
- Loan originations $2.0B vs $2.3B prior quarter; marketplace revenue $82.8M vs $95.6M.
- Deposits $6.8B; consolidated Tier 1 leverage ratio 12.4%; book value per share $11.09.
- Efficiency ratio 65.0% vs 64.0% prior quarter; provision for credit losses $66.6M.

## SEC filing metadata
- accession: 0001409970-23-000048
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997023000048/0001409970-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997023000048/lc-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-23-000048
- JSON: https://secwatch.observer/filing/0001409970-23-000048.json
- Plain text: https://secwatch.observer/filing/0001409970-23-000048.txt

## Key facts
- Earnings Releases
  LendingClub Corp reported the second quarter ended June 30, 2023 results: revenue $232.5 million, net income $10.1 million, EPS $0.09.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $232.5 million
  - Net income: $10.1 million
  - EPS: $0.09
  - Result: reported results
  source text: • Loan originations of $2.0 billion compared to $2.3 billion in the prior quarter with sold loan volume up modestly, offset by reduced loan retention. • Total net revenue of $232.5 million compared to $245.7 million in the prior quarter, driven by lower marketplace revenue. ◦ Net interest income of $146.7 million remained flat from the prior quarter as higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997023000048/0001409970-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.