secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001409970-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000003/0001409970-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000003/lc-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001409970-24-000003

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