---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-24-000003"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:51:44.783909+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LendingClub Q4 net income $10.2M, revenue $185.6M; marketplace originations up 21% QoQ

## Summary
- Q4 net income $10.2M ($0.09 diluted EPS); revenue $185.6M, down 29% YoY from $262.7M.
- Marketplace originations $1.4B, up 21% QoQ; total loan originations $1.6B.
- Capital ratios strong: Tier 1 leverage 12.9%, CET1 17.9%; tangible book value $10.54.
- Provision for credit losses $41.9M, down from $64.5M prior quarter on lower retained loan volumes.
- Full-year net income $38.9M vs $289.7M in 2022; adjusted net income ex tax benefit $38.9M vs $146.2M.

## SEC filing metadata
- accession: 0001409970-24-000003
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000003/0001409970-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000003/lc-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-24-000003
- JSON: https://secwatch.observer/filing/0001409970-24-000003.json
- Plain text: https://secwatch.observer/filing/0001409970-24-000003.txt

## Key facts
- Earnings Releases
  LendingClub Corp reported fourth quarter and full year ended December 31, 2023 results: revenue Total net revenue of $185.6 million compared to $200.8 million in the prior quarter, net income Net income of $10.2 million, EPS diluted EPS of $0.09.
  - Period: fourth quarter and full year ended December 31, 2023
  - Revenue: Total net revenue of $185.6 million compared to $200.8 million in the prior quarter
  - Net income: Net income of $10.2 million
  - EPS: diluted EPS of $0.09
  - Result: reported results
  source text: the prior quarter as a result of increased purchases by loan investors; Marketplace originations of $1.4 billion grew 21% compared to the prior quarter. • Total net revenue of $185.6 million compared to $200.8 million in the prior quarter driven by: ◦ Marketplace revenue of $52.2 million compared to $60.9 million in the prior quarter, primarily reflecting a $10.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000003/0001409970-24-000003-index.htm

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