---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-24-000021"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:15:57.038828+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LendingClub Q1 2024 net income $12.3M, diluted EPS $0.11; originations $1.6B

## Summary
- Loan originations of $1.6B, comparable to prior quarter; net revenue $180.7M (down from $245.7M YoY).
- Net income increased 21% sequentially to $12.3M; diluted EPS $0.11 vs $0.09 prior quarter.
- Provision for credit losses $31.9M, down 24% from $41.9M; pre-provision net revenue $48.5M.
- Total assets $9.2B, deposits $7.5B; FDIC-insured deposits ~87% of total deposits.
- Book value per share $11.40, tangible book value $10.61; Tier 1 leverage ratio 12.5%.

## SEC filing metadata
- accession: 0001409970-24-000021
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2024-04-30T23:59:59+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/1409970/000140997024000021/0001409970-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000021/lc-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-24-000021
- JSON: https://secwatch.observer/filing/0001409970-24-000021.json
- Plain text: https://secwatch.observer/filing/0001409970-24-000021.txt

## Key facts
- Earnings Releases
  LendingClub Corp reported the first quarter ended March 31, 2024 results: revenue $ 180.7, net income $ 12.3, EPS $ 0.11.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $ 180.7
  - Net income: $ 12.3
  - EPS: $ 0.11
  - Result: reported results
  source text: Three Months Ended ($ in millions, except per share amounts) March 31, 2024 December 31, 2023 March 31, 2023 Total net revenue $ 180.7 $ 185.6 $ 245.7 Non-interest expense 132.2 130.0 157.3 Pre-provision net revenue (1) 48.5 55.6 88.4 Provision for credit losses 31.9 41.9 70.6 Income before income tax expense 16.5 13.7 17.8 Income tax expense (4.3) (3.5) (4.1) Net income $ 12.3 $ 10.2 $ 13.7 Diluted EPS $ 0.11 $ 0.09 $ 0.13
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000021/0001409970-24-000021-index.htm

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