secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001409970-23-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997023000048/0001409970-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997023000048/lc-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001409970-23-000048

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