{"schema_version":"secwatch.filing_event.v1","accession":"0001409970-23-000054","form_type":"8-K","ticker":"LC","cik":"0001409970","company_name":"LendingClub Corp","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.956266+00:00","generated_at":"2026-06-09T10:13:45.890447+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 Q3 net income $5M, EPS $0.05; revenue down 14% QoQ","bullets":["Net income $5.0M ($0.05 diluted EPS) vs $10.1M ($0.09) prior quarter and $43.2M ($0.41) year ago.","Total net revenue $200.8M, down from $232.5M QoQ and $304.9M YoY, driven by lower marketplace revenue.","Loan originations fell to $1.5B from $2.0B QoQ due to reduced bank investor purchases.","Deposits $7.0B; Tier 1 leverage ratio 13.2%; tangible book value $10.21 per share.","CEO cites 'difficult but necessary actions' on expenses; structured certificate issuance doubled."],"urls":{"canonical":"https://secwatch.observer/filing/0001409970-23-000054","json":"https://secwatch.observer/filing/0001409970-23-000054.json","markdown":"https://secwatch.observer/filing/0001409970-23-000054.md","text":"https://secwatch.observer/filing/0001409970-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000054/0001409970-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000054/lc-20231025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T10:13:45.890447+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":"6c10911af9a0a1dfe914cc8c498615dfdaff3aa8","claim":"LendingClub Corp reported third quarter ended September 30, 2023 results: revenue $200.8 million, net income $5.0 million, EPS $0.05.","evidence_excerpt":"Performance: • Loan originations of $1.5 billion compared to $2.0 billion in the prior quarter as a result of reduced purchases by bank loan investors. • Total net revenue of $200.8 million compared to $232.5 million in the prior quarter due to: ◦ Marketplace revenue of $60.9 million compared to $82.8 million in the prior quarter, primarily reflecting lower pricing","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409970/000140997023000054/0001409970-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$200.8 million"},{"label":"Net income","value":"$5.0 million"},{"label":"EPS","value":"$0.05"},{"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"}