secwatch.observer — SEC 8-K summary
======================================

Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001409970-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q2 2024: Net income $14.9M, EPS $0.13; originations up 10% sequentially to $1.8B
--------------------------------------------------------------------------------

- Net income $14.9M ($0.13 diluted EPS), up from $12.3M ($0.11) in Q1 2024; total net revenue $187.2M.
- Loan originations $1.8B, up 10% sequentially from $1.6B, driven by new consumer loan initiatives and marketplace demand.
- Net interest margin stable at 5.75%; net interest income $128.5M. Deposits grew to $8.1B from $7.5B.
- Pre-provision net revenue (PPNR) improved to $55.0M from $48.5M in Q1 2024.
- Book value per share $11.52; tangible book value $10.75, both up sequentially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000036/0001409970-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997024000036/lc-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001409970-24-000036

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